I was just reading a post on a social network where people were commenting on what the purpose of having more money was for them. This echoed a sentiment I’ve been repeating for awhile now;people don’t do things that are new or uncomfortable- like start a home business-just to have a larger number in a bank account. People want to increase their capital because of what it means.
They want more freedom, more time, more ability to for what they really want.
In the words of one of my mentors “People don’t simply want more money- they want to be happy more of the time.”
Money can help you get to those things that make you happier more of the it me or that you enjoy-like spending time with your family or seeing the world. If you’re stuck working long hours at a job you despise, this overflows into other areas of your life .
Why Start A Home Business ?
The government actually encourages you to run your business in a manner in which you will still get all the benefits a home business provides as long as you are intending to show a profit. So the question is, ”Why wouldn’t you?” You can work a home business without quitting your job or drastically affecting your work schedule.
So Why Start a Home Business ? The Big Advantages
Let’ s start with this “What do business owners write off that you don’t?”
- Mortgage interest or rent
- Gas, electric, sewer
- Papers, pens, cartridges, postage
- Paintings, wallpaper, repairs/remodeling
- Phone bills, cell phones, etc.
- Travel, hotels, rental cars when traveling
- Holiday cards and gifts
- Company cars and boats
- Health, dental, disability, and other insurance
- Security alarms and hidden cameras
- Dinners, ball games, and theater tickets
- Newspaper, magazines, books, and other online media
- Pest control and general maintenance
- Cleaning service
Why Start A Home Business ?
Even More Benefits
Another advantage of a home business. Since your home can be used for both personal and business uses, you can now utilize tax advantages that come with a home business. One must simply define what is personal and business.
Try to think about a new home office just as if it were an office you were renting. Normally, that’s what most people do with their offices, and the things you could deduct for a regular office you can now deduct as a business expense. If you rent your home, the amount must still be your BUP (business use percentage) but that can quickly add up to significant savings.
This carries over to equipment, repairs, tools, paper, electric, water, furniture, cell phones, and maintenance.
There are numerous other items you can deduct that range from travel, media, insurance, entertainment, retirement plans, even company cars and boats! So once you learn to employ the advantages businesses do and begin thinking like a business person, you can’t help but profit.
Why You Need to Act Quickly with Your Home Business Venture
Putting these steps in action promptly is vital, because the way the world economy is moving, you need to be preparing yourself and putting your family in a position of strength, not take a wait-and-see approach. Now, no one in their right mind would say things look optimistic over the next few years, even if the mass media posture otherwise. There is a reason the “recovery” has been worse than the “recession,” and why many in the media are constantly predicting a comeback . . . because they want you to spend money! Our economy works on people spending money and taking on more debt, so banks and lenders can do the same, and thus the carousel can continue. The belief that the economy is recovering has been spread since 2009 (perhaps before) but this isn’t fooling people these days.
We’ve learned better.
The people who take action now and help themselves will be better prepared for what happens next, whatever it might be.
Want more tips on bullet-proofing your income ? Check out my new book “How to Get a Raise This Week:With or Without Your Boss’ Permission” here.
Not sure what type of home business to start ? The first thing you need is training on how to market your business.
This is the #1 reason 97% of home businesses end up costing more people more money than they make. But just by what you learned in this article , that shouldn’t be happening to you any longer, especially if you apply in detail what’s inside my book.
Click this link to get access to the most advanced home business training on the planet and maybe even get a free consultation with me- The Get a Raise Guy !
To your abundance,