Work From Home
More
Work From Home Advice
There are several primary benefits of starting a direct
selling business.
- low start-up cost
- no formal education or degree
required
- established training systems are in place
- the business can
be built on a part-time basis without quitting your current job
- the value
a successful business brings to the family
There is a family centered
focus at the center of the direct selling industry!
Creating Your Own Family
Business:
Many wonderful & successful people & families in the direct
selling industry who have many shared qualities.
1. All are very family focused.
2. All value the extra time their success allows them to spend with their family.
3. The children learn the benefits of the direct selling business from experiencing
it with their parents.
4. They take more family vacations & family business
trips.
5. The children learn the benefit of passive income & financial
education at early ages.
6. The children often choose to participate in the
business on their own.
7. Many set family goals & work together for a
common goal.
8. Often, one parent will continue working their full-time job
while the other parent begins building the direct selling business on the side.
9. The very nature of the industry promotes family togetherness & unity.
----------
The difference between the employee
& the business owner is that...
The employee pays taxes FIRST on what
they earn & then get whatever is left over.
The business owner will always
pay less than the employee simply because they can reduce the income amount they
have to pay tax on. This enables the business owner to grow their business faster
& for the business to generate investment dollars quicker.
Tax Advantages
of a Home-Based business:
- Home office expenses (repair, maintenance, property
taxes)
- Business equipment (computers, cell phones)
- Office supplies
- Internet & telephone services
- Software & subscriptions
- Mileage
& other auto expenses
- Travel, meals & entertainment
Proper
Document a Must
Don't be afraid to take advantage of these deductions. As
long as your expenses follow the tax code guidelines & you retain proper documentation
to back-up the expenses you, will be protected in the rare case of an audit.
-------------
The 6 Steps to Home Office Bliss...
(Setting up the ideal office
is easier than you think)
1. Establish your home office in a part of the house
that has lots of light & air.
2. Stay away from the high-traffic areas
of your home.
3. Avoid clutter through proper supply organization.
4.
When considering the layout, choose function over form.
5. Have a family meeting
to discuss rules & parameters.
6. Have a Dedicated Work Area - Uncle Sam
Requires it.
-------------
Successful people acknowledge fear & manage
it by confronting the cause & determining how they can prepare for the challenge
ahead.
|