Did you know that the IRS says you can deduct the use of a home office as long as it is used exclusively and on a regular basis?
It doesn’t mean if you use a corner of the den, or a nook in the kitchen that you can deduct the space used there. It needs to be continue reading »
We’ve spoken in the past about how focus and determination are important if you are to succeed. This comes all the more into play when talking of a home based business. Setting up and running a company or operations out of your home office can be extremely trying if you have friends and family members always determined to stop by. The first thing most successful home based business owners will do is to set up a time and zone or space in which they work. This then is their ‘office’ and is treated as you would any 9-5 job in a company. It means no personal calls, no friends stopping by uninvited and no long and leisurely coffee breaks taken as and when deemed necessary.
However, while setting up an ‘office space’ is important, even more important is switching to an entrepreneurial mindset. This is about adjusting the way you think, act and believe to reflect a business ownership. In order to do this, you will need to do the following:
1. Ignore all the nay-sayers: These are the people who say you cannot do something. A surprisingly large amount of negativity comes from continue reading »
I had posted the other day about social security and how there won’t be an increase for those getting checks this year, plus the fact that it’s in dire shape. (No surprise though is it?) As many of you are aware I volunteer and drive for Meals on Wheels each Wednesday. Did I get an earful from many of the folks today! We discussed the fact that their financial situations change at the whim of government and they don’t have the resources (time, money, or in some cases physical ability) to create a recession intervention . A plan B, a way to create supplemental income, a way to help them over the hump (whether be short term or long term) ~ they (being seniors) don’t have much of a chance to increase their net worth , and in many cases even break even.
Now I am a Baby Boomer , probably beyond my mid years unless I can live to be well over 100, which I know is not likely. However, I do have the resources (and motivation) to take control of my own destiny ! How many of you are sitting by the sidelines thinking continue reading »
You can achieve financial success and secure your future with a little careful planning and thought being put into it. Building a road-map to a bright future is easy if you follow the steps outlined below. After all, thousands of successful entrepreneurs and businesspeople have done it before you. It’s a time-tested process and anyone can get ahead in their game, if they play by the rules. What you invest into the future is what you’ll get out of it.
1. Create a workable vision: This means a vision that works for you and is achievable. It could be a new home by the sea, a convertible luxury car, a million dollars in the bank. Most goals are in fact achievable, but in order to do so, you will need to make some decisions. Can you support your vision continue reading »
