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Tuesday, October 16, 2007

A Look at Workman’s Compensation

A Look at Workman’s Compensation
Copyright © Jose Love


http://www.yourescape.2freedom.com


When starting a new business, one of the things to

be aware of in the United States is Worker’s

Compensation. This program provides insurance to a

company in the even that one of their employees is

injured or otherwise hurt on the job. This

compensation covers medical expenses, including

hospital stays, doctor visits, surgeries, and

prescription drugs for the injured employee. The

compensation is in place to prevent the employee

from suing the company for the refurbishment of

these funds down the road. In fact, employees using

the worker’s comp program give up their rights to

sue in exchange for the guaranteed payment.

The Worker’s Compensation program began in the

early 1900's, and was put in place to protect

companies and provide workers with an automatic

recourse when injured or hurt on the job. Prior to

the advancement of such programs, injured workers

had no choice but to sue their employers for lost

wages and hospital fees, often resulting in the

loss of jobs and extensive settlements that far

exceeded what was necessary on a case by case

basis.

There are significant arguments against the current

form of Worker’s Compensation in the United States.

Those arguments include that it provides a certain

amount of incentive to larger corporations to

simply move most of their production to those areas

where these Compensation laws are not in effect

(i.e., offshore). Small business owners, likewise,

also complain that the system is in need of reform

and argue that the insurance premiums are much too

high and place too much of a burden on the

fledgling businessman.

Worker’s Compensation has also been in the news

lately, with the new laws that provide for first

responders such as policemen and firemen to have

medical issues such as heart failure and cancer

paid for by the Worker’s Compensation package,

rather than through medical insurance. This has

been done under controversial circumstances, with

the reasoning behind it coming from statistics that

show these diseases to be more prevalent in people

with these types of jobs. Opponents, however, argue

that an anecdotal relationship is not enough, and

there has been no causal link established.

Privatization has been a big issue in the world of

worker’s compensation as well, with West Virginia

the latest state to move from a state funded

program to a privately funded host of competitive

companies. This type of privatization never comes

without risks and controversy, though studies show

that rates for the insurance have dropped

dramatically since the switch took place last year.

Whether public or private, for small businesses or

large, worker’s compensation remains a tightly

woven thread in the American workforce, and it will

surely remain there, in some form, for many years

to come.

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Wednesday, October 10, 2007

A Look at Health Insurance

A Look at Health Insurance
Copyright © Jose Love


http://www.yourescape.2freedom.com


Starting out in the world of business takes a few

things. One, capital investment to get started,

two, the right advertising to meet your target

demographic, three, a great product or service to

provide to the community, and four, employees

willing to help your company get off the ground.

And when it comes to employees, the market is

tighter than ever. Today’s small business owners

must get creative and extensive if they want to

attract the best employees possible. No longer will

competitive salary alone get the job done. With

rising healthcare costs, few employees can afford

to be without some form of company insurance. There

is nothing in the law books saying the small

business owner has to provide insurance, but he

fails to do so at his own peril. There are too many

other places to work to take this type of cavalier

attitude toward offering health insurance. In

today’s business world, it is a must.

The best way for these plans to work is for small

business owners to sign their employees up with

some form of group health insurance. These rates

are typically not the best for small businesses,

which will of course have fewer employees in the

plan than larger businesses of the same type.

Still, it’s better than nothing, and you will at

least start to become competitive as far as

attracting and keeping employees. You can, of

course, do your own independent things to make sure

your health insurance rates stay within reasonable

amounts. This could include mandatory drug testing,

and even a no-smoking policy. Becoming OSHA

certified and providing on the job safety and

health training can also help to cut health

insurance costs.

Another way for a small business to cut health

insurance costs is to lease their employees from a

larger company. The employees would then become

independent contractors of a sort, but would be

able to obtain health insurance benefits through

the larger outsourcing company. Because these

companies have an enormous amount of employees in

their contract, it makes getting terrific group

health insurance rates that much easier.

If all of the options for health insurance seem too

daunting, and you feel your time would be better

served figuring out other areas of your business,

consider bringing on an insurance broker. These

brokers can help navigate through the health

insurance jungle and help you to discover the right

plan for your company. It also doesn’t hurt to

simply ask your employees which aspects of health

insurance are most important to them. Find out

whether they would rather pay slightly higher

premiums in exchange for lower deductibles or vice

versa. This employee survey can put you in the

right direction.

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Sunday, October 7, 2007

A Few Ideas on Internet Marketing

A Few Ideas on Internet Marketing
Copyright © Jose Love


http://www.yourescape.2freedom.com


Promoting your small business on the internet is

crucial in today’s world. The entrepreneur who

ignores this gold mine of potential opportunity

does so at his or her own peril. There is too much

to be gained through marketing on the internet, and

little to be lost. If you company is internet based

to begin with, this is a no-brainer, of course. But

things are rapidly changing on the Web, and those

marketing strategies that worked a few years ago

may not work as well today. Here are a few things

you can do to expose your business to potential new

customers that work today, but may not in a few

years.

SEO. Search engine optimization. For the internet

entrepreneur who wants their website to be a

success, this is the first step toward ensuring

that success. Unless you have unlimited funds with

which to advertise your product, this is a step you

cannot afford to skip. Optimizing your website is

the equivalent of building your brick-and-mortar

store in a major shopping district as opposed to

halfway down a dirt road with an old rusty sign

pointing in the other direction. Its importance

cannot be overstated. There are many facets to SEO,

and not enough room in this article to get into

them. Fortunately, few topics have been as

exhaustively written about. Do a Google search of

your own, and you will find plenty to read.

Pay Per Click. This is another fine way to get your

internet business off and running. This service is

offered by Google, Yahoo!, and MSN, to name a few.

With Google AdWords, you’re going to have the most

potential traffic, but you may also have the most

competition for the best keywords. What does this

mean? Well, AdWords (and the others) work by

letting you create an advertisement (usually a

headline and a couple of sentences). You then must

choose the keywords that will activate your ad.

Then you place a bid on how much you’re willing to

pay per click of your ad, depending on each

keyword. It all sounds a lot more confusing than it

is. The benefit of this type of advertising (as

opposed to, say, banner advertising), is you only

pay when you have been ensured of a visitor. Of

course, what you do with that visitor is up to you

and your own marketing skills.

Articles and inbound links. Next to SEO, this is

the most powerful section of strategy for the up

and coming internet business owner. In order to

move up in the search engine rankings, you must

have incoming links (backlinks, as they’re called

in the SEO world). When the search engines see a

website with a lot of natural inbound links, they

begin to see the website as an authority on

whatever subject the site is about. Thus, the

site’s ranking begins to improve. There are many

ways to go about getting backlinks, but one of the

best ways is through writing articles. There are

article “farms” on the internet, which host your

articles for free and then sell them or give them

away to other website owners, who are hungry for

content. This benefits you because at the end of

the article you will have included your name and a

link to your website. Every time someone grabs your

article to put on their website, you get another

important link.

There are a million successful strategies for

marketing on the internet, but these are the three

building blocks. Go and research them, and your

business will be the better for it.

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A Discussion of Business Plans

A Discussion of Business Plans
Copyright © Jose Love


http://www.yourescape.2freedom.com


Nearly every successful (and not a few

unsuccessful) business has created a business plan

or two within the life of the company. These plans

can be used for a variety of reasons, but are most

commonly brought to life when the business is

seeking funds. This may be through fundraising, a

bank loan, or seeking out individual investors, but

the business plan shows how and why investing in

the business is a smart financial idea. Of course,

not all business plans are created by those

businesses looking to turn a profit. Non-profit

businesses also rely on these plans to raise funds;

though they will usually focus on the services and

social good their business will do, rather than a

bottom line financial consideration.

There are several types of business plans, and many

businesses create a business plan meeting each of

the types, depending on the circumstances

necessary. There is the elevator pitch business

plan, which acts as a teaser. These plans can be

used in short, two or three minute presentations in

order to spark greater interest from a group of

investors or a bank. Sometimes, a business will

have only a short time to present their initial

plan, and this is where this type of plan comes in

handy.

There is the oral presentation plan, which usually

focuses on a showy, entertainment aspect of

presentation. This plan is usually put forth to

encourage the potential investors to move forward

and read the written plan, which will be far more

detailed and include all the bottom line financial

considerations. The oral presentation is there to

generate excitement, and appeal to the investors’

human qualities, rather than facts and figures. If

there is a new product being included in the pitch,

a demonstration of the product will usually be a

good idea for the oral presentation.

The written business plan is where it all comes

together. This can be a lengthy as it needs to be,

and should probably follow one or both of the above

plans. Once the business has successfully attracted

some interest from potential investors, they are

given the written plan and can decide from there

whether or not they see the business plan as being

successful.

Business plans are a must for the small business

owner, looking to gain capital and seeking loans

from lending institutions. They are likewise

necessary for those publicly traded companies that

need to let stockholders know what their plans for

the future are. Even if neither of these are true,

business plans are an excellent way, even

internally, to set down goals on paper and give a

direct path of success to a business or company.


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Tuesday, October 2, 2007

A Brief Look at Business Loans

A Brief Look at Business Loans
Copyright © Jose Love


http://www.yourescape.2freedom.com


The first stop for most young entrepreneurs is the

procurable of a business loan from the local

lender. There are several types of loans readily

available for the small businessman who has all his

ducks in a row, and a business plan showing that he

or she knows what they are getting themselves into.

Banks and the Small Business Association are not in

the business of charity, though funding small

businesses is seen as something more substantially

social than a personal loan with high interest

rates. For someone with a college degree, some

substantial collateral, and a smart business plan,

getting a loan should pose no problem. Here are

some of the loans available for the small

businessman.

Micro loans are the smallest category of these

business loans. The cutoff for a micro loan is

usually $35,000, and they typically require a

certain pedigree of training and other requirements

before the banks and/or SBA parts with their money.

Micro loans always require collateral of some kind

as well as a personal guarantee from the lender.

The Small Business Administration has their own

lender programs, and is the first place to look for

many aspiring small businessmen. They offer a

variety of loan guarantee programs, each of them

with their sets of requirements and collateral, and

each reaching various heights of maximum lending.

It is important to note that the SBA does not

actually lend money itself, but rather offers

programs intended to help the small businessman

secure a loan from a bank or otherwise authorized

lender. SBA loans vary in their requirements, but

most of them require at least that the small

businessman himself has put some of his own money

into the venture. They see this as a positive sign

of good faith, and also see it as likely that the

individual with his own money at stake will do all

that he can to see a return on his investment. They

usually require a strong and sharp business plan as

well. These plans show lenders that you know what

you’re doing and have set some specific financial

goals for the future of your business. Good credit

is also a must for getting into the SBA loan

programs.

Franchise financing is what the potential

franchisee will want to look into. These loans can

be easier to secure than traditional,

start-from-scratch business loans. Most franchises

have an established history of profitable business,

and the larger ones have a set path for making

money in just about every conceivable scenario.

Many times the franchise company itself will put

forth money for the loan, encouraging young

entrepreneurs to get into the business, which

benefits both the company and the small

businessman.

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Saturday, September 1, 2007

Running a Retail Website: What You Need To Know

Running a Retail Website: What You Need To
Know

Copyright © Jose Love


http://www.yourescape.2freedom.com


Of the many potential home businesses, a retail

website is one of the best. Running a retail

website isn’t the easiest thing to do in the world

– but neither has it to be the hardest thing you’ve

ever done. Whatever the goods and services that you

are selling, there are ways and means to make it

work just a little bit better. Here are some tips

that can help you improve your retailing efforts –

and, by extension, your home business.

Create a

niche site. If you want to make it big in the

retailing business, you should have a site, or a

group of sites, that cater to specific customer

groups or to specific products. A “supermarket”

set-up on a retailing website, wherein everything

is thrown together, simply will not work. People

can easily get confused in such an environment.

Confusion can lead to frustration, and frustration

can lead customers to simply give up. A niche site

must be focused, targeted, and relatively easy to

navigate.

Make your site easy to navigate.

Everyday many people are getting on the internet

for the first time. Some of these people are going

to go on your site. If these people cannot navigate

your site, then chances are nil that they will buy

something from you. Make it a practice to review

the layout of your site from time to time. Is it

simple enough? Imagine yourself going around the

site for the first time. Is the overall arrangement

conducive to persuading people to make purchase?

Advertise, advertise, advertise. You can’t expect

anyone to buy from you if they don’t even know that

you’re in business. You should advertise in every

possible way. Over the internet, this means giving

out links and reciprocating people who link their

sites to yours. It means writing articles that can

extend your visibility. It means getting optimized

for the search engines. However, you can also

advertise conventionally. For instance, you can

post banners and give out flyers and stickers. You

can spread your business information by

word-of-mouth as well – which is arguably the most

effective way, anyway. A shining recommendation

from a friend can do more than a thousand

stickers.

Sell quality products. The only way to

make money in retailing is to keep people buying

from you again and again. And the only way to do

that is to provide goods and services that are well

worth the money. Remember that people must feel

satisfied with their purchases, else they probably

never will purchase anything from you again. If you

have excellent products, people will find their way

to you, even if you don’t expend as much effort

advertising them.

By applying these basic tips,

you should be on your way to creating a great

retailing website.









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Tuesday, August 28, 2007

How To Start Your Own Scrapbook Making Business

How To Start Your Own Scrapbook Making
Business

Copyright © Jose Love


http://www.yourescape.2freedom.com


Making scrapbooks is one of the biggest industries

in the country today. According to studies, the

scrapbook industry earns about $3Billion each year

and this figure keeps on growing. Since scrapbook

making can be done in the comforts of your home,

this can be a very lucrative home business for

creative people. The good thing about the scrapbook

making business is that it does not really require

a huge amount of capital. If you are creative and

you know how to make use of whatever materials that

are available, you can already create good

scrapbooks.

Learning the art of scrapbook making

Starting out a home-based scrapbook making business

is easy especially if you are naturally creative

and artistic. However, to make sure that you are on

top of everything, before you start your own

scrapbook making business, you must first learn all

that you know about this hobby. First, you must

know the different techniques of scrapbook making.

Read books and magazines about this business. You

may also enroll in one of those scrapbook making

classes. Practice what you have learned and then

improvise. Always remember that scrapbook making is

an art. Be creative. Always remember that the more

unique your scrapbooks are, the more clients you

will have.

Getting supplies

If you want to engage in the scrapbook making

business, you must know where to get good

materials. Locate a good supplier of paper and

trinkets in your locality and make sure that you

have enough supply of good materials all the time.

If you are planning to do a lot of scrapbooks,

better buy your materials in bulk and get some

discount. On the other hand, if you have no time to

run around town and shop for papers and trinkets,

you can just go online and take a look at those

sites that are selling scrapbook materials. The

good thing about buying your supplies online is

that you get to save a lot of time and effort. Just

make sure that you order your scrapbook making

supplies form reputable online stores or else you

will soon find yourself with some materials which

are substandard or worst, your credit card could

get high jacked and you lose a lot of money.

Marketing your product

The best way to market your product is to create

samples and present them to your friends and

relatives. You can start by asking close family

members friends if they want to have keepsakes are

custom made. You may also display your designs

during family gatherings and special occasions so

that people will have some ideas of what you can

do. If your designs are really good, a lot of

people will be calling you about their scrapbooks

sooner than you can imagine.



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Monday, August 27, 2007

How To Start Your Own Home Based Accounting And Bookkeeping Business

How To Start Your Own Home Based Accounting And
Bookkeeping Business

Copyright © Jose Love


http://www.yourescape.2freedom.com


Are you one of those people who is tired of being

confined inside your windowless office cubicle? If

you have been feeling claustrophobic in your small

cramped cubicle with nothing but the computer

filled with accounting files, now is the time for

you to get out of there and look for something that

will not really drive you crazy. There is really

no point of torturing yourself and getting all your

nerves worked out even if the job does pay the

bills. Always bear in mind that you are not here in

this world simply because you need to pay the

bills! You have to live your life a little and have

some fun.

Now, just because you are miserable with your

present job, that doesn’t mean you have to dash out

of the door right this very minute and never look

back. Much as we hate to think about it, we do need

to pay the bills, eat and have a roof over our

heads. If you really want to quit your job, you

better look for alternative means of income first.

Much as you would like to get away from your

workplace fast, you will need your day job to keep

you afloat while you set up your home business. To

inspire you to work hard on your home business, set

a target date when you will quit your job. Keep

your target in mind and strive hard to build your

business.

Since you are an accountant, you might want to

start offering your services as bookkeeper or

accountant to small businesses around your

community. There are probably a lot of small

businesses around your community that need your

services so start calling on people who might be in

need of accountants or bookkeepers. If you know

some people who are into home based business, give

them a call and ask if they need your help. You

will be surprised at how many people actually need

accounting and bookkeeping services.

Another way for you to advertise your services is

to print some brochures describing your work

experience, the services that you are offering and

your professional fees. Distribute your brochures

together with your business cards to family members

and friends and ask them if they know somebody who

might be interested in your services. More often

than not, someone in the family does know somebody

who is in need of accounting services.

It may take you sometime before you can finally

build a good accounting and bookkeeping business.

If things are not moving as fast as you would want

it to be, be patient and don’t stop trying. Sooner

or later you will be able to get enough clients and

generate some good income.

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Sunday, August 26, 2007

How To Set Up A Simplified Accounting System For Your Home Business

How To Set Up A Simplified Accounting System For

Your Home Business

Copyright © Jose Love


http://www.yourescape.2freedom.com


A lot of home businesses fail because they lack the

necessary financial system to track down the flow

of their money. More often than not, home based

business owners are not really very keen at keeping

their books of accounts, thinking that as long as

money keeps coming in, they will be alright.

Unfortunately, things are not really that simple

when you are engaged in business. If you want to

stay in business for a long time, you will need to

keep track of your financial flow for your own use

and for taxation purposes. Note that if you do not

keep track of your income, sooner or later the IRS

will be on to you and you will get into big trouble.

Setting up your own simplified bookkeeping system

is not really very complicated. If you like to keep

your records in your computer, you might want to

buy accounting software or just simply use whatever

programs that will allow you to make a spreadsheet

in your computer to record your daily transactions.

However, you have some money to spare for an

accounting program, it would be better to have one.

There is a number of easy to use accounting

software being sold in the market today. The good

thing about these accounting programs is that you

do not need to worry about balancing your books of

accounts. You simply input all your data in one

page and the program will run on its own. Most

accounting programs will automatically perform the

different accounting process and will immediately

update your statements of accounts. Retrieving data

from an accounting program is also easy. All you

need to do is to go to it archives and select which

ones you want to see. For instance, if you want to

know how much your net income is for the month, you

simply pull-out the income statement page and you

will see your income instantly. Another advantage

of using a computer accounting program is that you

get rid of all the papers and ledgers in your

workplace.

Now, in case you are not comfortable using your

computer to balance your books, then you just have

to do things the old-fashioned way. What if you do

not know anything about accounting processes? Never

mind if you are not good in accounting and

balancing statements of accounts, just keep a

simplified record of your transactions. A three

column worksheet will do nicely. You can easily

find this type of worksheet in the bookstore. When

dividing your worksheet, you can have one column

for all the money you received in connection with

the business, another column for all the money that

you spend for your business and the third column

will be for your running balance.
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Tuesday, August 21, 2007

Drop Shipping Can Save You Time & Money

Drop Shipping Can Save You Time & Money
Copyright © Jose Love


http://www.yourescape.2freedom.com


Saving time can mean saving money as well when you run your own business. Choosing to use drop shipping can save you both.

If you own your own business and sell items online drop shipping might be the option for you. You market and sell items online at the price you choose, after you sell the item and receive payment for it you place an order at the whole sale price with a ‘drop shipper’. The drop shipper sends the product directly to your customer and you get to pocket the difference. While this sound’s like a terrific plan there are some things you should be aware of and you should definitely do your homework well before deciding on this as an option for you.

The very first thing you should do is find a product that will sell. Not only should it be something that will sell well, but it should also be something that you can sell a high quantity of at a significant mark up to provide you with a decent profit. Doing your research will greatly increase your chance of selling products that will make you a profit. Choosing items that people really want will also help you to make a profit. Research should be done to find out what product or product line should be used, as well as how high the demand for that product is.

The best way to go about this type of business is to sell only a few products, or be sure that the products you sell are generally related. If you try to sell every drop ship item you find you will not be able to keep up with the orders or your marketing efforts could fail because your site will not be clear enough for buyers to maneuver. Choosing items that are similar will give you an easy marketing strategy and provide a clear web site to market your items on.

Next you will want to be sure you find a reputable supplier. A business that is reputable and processes your orders promptly will ensure that your reputation stays in tact. Over the years this type of business has really sky rocketed and the scams have followed. Researching each drop shipper before doing business with them will save you in the long run.

Have a plan in place to deal with back orders and returns. This can happen and without a plan in place you could lose business and be out money. By taking the time to work these things out with your drop shipper ahead of time you can save yourself some major headaches.

By learning all of the essential rules before starting your drop shipping business you can create a very profitable business.

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Monday, August 20, 2007

Does Your Business Need an Overhaul?

Does Your Business Need an Overhaul?
Copyright © Jose Love


http://www.yourescape.2freedom.com


If you have noticed sales have been slipping over

the past few weeks or months, you may need to

change your strategy or your business entirely and

begin offering new goods and services. Depending on

your customer demand, you may only need to change

your website or begin offering more products. But

before you make any big changes, you should find

out why business has slowed and what your customers

expect from you.

The first step to overhauling your business is to

send out a survey to existing customers asking them

for input on the goods and services you offer. This

will give you an idea of the types of changes you

may need to make. By learning more about what

customers expect, the changes you have to make may

not be what you expected.

After sending out a survey, you should visit your

website to see if there are any obvious changes to

be made. Make sure your site can be navigated

easily, that all links within the page are working

properly, and that all pages are labeled correctly.

You may need to update your pages with new colors,

images, or content. One of the best ways to ensure

return customers is by offering new content each

month and archiving old content so visitors can

access it when they want. Sprucing up your website

is an inexpensive change that could affect your

business.

Developing new marketing techniques or targeting a

new group of people online can help build your

business. When targeting a specific group of

people, you will have to find out which sites they

are more likely to visit, which blogs they read,

and which products they would be interested in

purchasing on your website. In order to be

successful, you should target two or three specific

groups so you have a better chance of reaching

potential customers. Unless you sell a niche

product that only appeals to a certain group,

attracting the attention of a few groups is best.

Once you have reviewed your marketing strategy,

introduced new products on your site, and altered

the look of your site, you should send out

announcements to everyone on your email list so

they can visit the site. This will increase sales.

Writing a press release announcing these changes is

another way to help spread the word. Maintaining a

certain level of exposure online is the only way to

enjoy continued success when running an Internet

business.

Overhauling your business may need to happen every

few years in order to attract new groups of

customers. Be patient and affect changes as they

come. Utilize all the marketing tools you can in

order to build your business so it can remain

successful.

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Saturday, June 23, 2007

The Three Golden Laws of Home Business

The Three Golden Laws of Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


Starting, running, and turning a profit out of a

home business does not have to be the tall task

that most people make it out to be. While it

certainly isn’t easy, it doesn’t have to be overly

difficult either. With a little bit of forethought

and planning, even the hardest, most complex of

things can become relatively simple.

There are

three golden laws in running a home business. If

followed, these laws will help you create a dynamic

home business, one that allows you make a decent

living. If ignored, these laws will ensure that

your home business does not rise above average

operating results.

First, plan all the way to the

end. You must have a concrete vision for the

business. Where will it be five, ten, twenty years

from now? What sort of scale will it have? What

will it be doing differently, and what things will

remain the same? Try to envision all the obstacles

that may come up and prepare plans to meet them. To

be sure, you will be unable to foresee all the

crises that will occur. But mentally, you must be

prepared for them as they come. Circumstances

should not catch you completely off-guard; you

should have a measure of preparation against

ever-changing situations.

Second, work hard – and

make your people work hard as well. With your home

business, everything will start with you. You must

work to become the greatest, most capable

individual that you can become. Spare no expense in

your education, within reason, as long as such

education is helping you prepare for the future.

Then, be sure that you work as hard as you can,

learning all the ins and outs of the trade of which

you are in. A good work ethic is important to

success, and you should not neglect it. A corollary

to this is that you should hire people who are just

as hard-working as you are. Be sure to set targets

for both yourself and others, and measure what gets

done. Give reward liberally to those who

achieve.

Third, utilize the power of personal

networks. There is an old adage that says “It is

not what you know, but whom you know.” While we may

rebel against what this truism may imply, the fact

remains that worldly success depends on a high

degree to the number and quality of people who are

kindly disposed towards you. Your personal network,

as well as the networks of the people who work for

you, should be utilized to their full potential, in

terms of advertising and sales efforts. Treat those

in your personal network well, provide the

necessary services, and they in turn may promote

your business to those in their networks.


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Taking a Closer Look At The Profit Angle

Taking a Closer Look At The Profit Angle
Copyright © Jose Love

http://perfectbiz.here.ws


Some people engage in a certain home business out of whim. It is uncommon for people to start a home business simply because they feel that this business is right for them. Unfortunately, in business, gut feel may not be enough to keep you going. More often than not, your gut feel does not really turn into reality. To really stay in business, you need to study your profit angle closely. You need to ask yourself “is this business going to be profitable?” and “how will this business become profitable?” “What will it take to make this business profitable?” If you can honestly answer these questions, then, you are closer to your dreams of making your home business a success.

Projecting future profit

To be able to make a sound projection of profits, you will need to formulate a sound business plan. In your business plan, you must make a realistic projection. You must be able to identify the expenses that you will mostly incur in the course of your business and then determine how much goods and services you will need to sell to be able to recover your cost and earn some profits. You can do your comparison by making a projected income statement.

Now, if you have no idea how to make a projected income statement or a projected financial statement for that matter, don’t start fretting about it. Making a projected income or financial statement is not exactly rocket science. It is just a projection of how much money you need to earn in order to be able to pay for your business expenses and at the same time earn enough money as profit. If you are not familiar with accounting methods and process, make a research on how these things are done. Yes of course you can formulate your own methods of computing things but then your methods of computing might not really be the right way to do things. Besides, it is always easier to follow an established method of computing for profit making up something of your own.

If you do not have any spare time to learn how to make a projected financial statement, you better buy a simplified computer accounting program that will allow you to create projected financial statements. The good thing about these types of simplified computer accounting programs is that you only need to input some values into the questionnaire and the program will run on its own. If you want to change your projections, you simply change the values in the questionnaire and the program will automatically adjust the figures in your projected financial statement. Most programs will allow you to change the figures as many times as you would like. This means that by spending a few dollars on a computer program, you get the work done in just a fraction of the time it would have required you to perform it had you done things manually.

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Thursday, June 21, 2007

Setting Up Your Own Home Based Catering Business

Setting Up Your Own Home Based Catering
Business

Copyright © Jose Love

http://perfectbiz.here.ws


Are you one of those people who love to cook? If

you love cooking, you might want to put your

talents to work and set up your own home based

catering business. The good thing about setting up

your business at home is that you get to earn money

while keeping an eye on the kids.

Formulating your business plan

before you start your business, be sure that you

have a sound business plan. Always bear in mind

that your business plan is very important if you

want to succeed in your business. You don’t really

need a complicated business. All you need is a list

of things that you need to do to get things

started, have a business goal, a timeframe and a

budget. Now, don’t runaway yet, it’s not really as

complicated as it sounds. You don’t need to have a

PhD to write your business plan. To make a

simplified business plan, just get a piece of paper

and divide it into four columns. The first column

should be allocated for particulars where you will

write all the things that you will need to do, the

second column could be for time frame where you get

to write the time and date when you will need to

perform the task that you listed in your column for

particulars, the third column will need be for your

expected expenses and the fourth column will be for

your expected output.

When formulating your business plan, make sure that

you list all the things that need to be done,

preferably in a chronological order or in your

order of priorities. For instance, since you are

setting up a home based catering business, you will

need to get cooking equipment. On your first

column, you may write there purchase of equipment

and cooking utensils. Make sure that you identify

all the equipment and utensils that you need. You

may write them according to your priorities. On the

second column, write when you will purchase these

things. In case you are not planning to purchase

all your equipment all at the same time, write the

different target dates you have. For your third

column, estimate how much money you need to get you

equipment. You may also write in your business

plan as to where you intend to get the money from.

The fourth column of the simplified business plan can

be a bit tricky. Here you will make some business

projections. If you are buying equipment, you will

need to project how you will be able to recover the

cost of your investment. Be realistic in your

projections. Always bear in mind that it will not

do you any good to be overly optimistic. Always be

conservative when making projections. It is always

better to exceed your projected income than to fall

miserably below it.
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Tuesday, June 19, 2007

Running a Retail Website: What You Need To Know

Running a Retail Website: What You Need To Know
Copyright © Jose Love

http://perfectbiz.here.ws


Of the many potential home businesses, a retail website is one of the best. Running a retail website isn’t the easiest thing to do in the world – but neither has it to be the hardest thing you’ve ever done. Whatever the goods and services that you are selling, there are ways and means to make it work just a little bit better. Here are some tips that can help you improve your retailing efforts – and, by extension, your home business.

Create a niche site. If you want to make it big in the retailing business, you should have a site, or a group of sites, that cater to specific customer groups or to specific products. A “supermarket” set-up on a retailing website, wherein everything is thrown together, simply will not work. People can easily get confused in such an environment. Confusion can lead to frustration, and frustration can lead customers to simply give up. A niche site must be focused, targeted, and relatively easy to navigate.

Make your site easy to navigate. Everyday many people are getting on the internet for the first time. Some of these people are going to go on your site. If these people cannot navigate your site, then chances are nil that they will buy something from you. Make it a practice to review the layout of your site from time to time. Is it simple enough? Imagine yourself going around the site for the first time. Is the overall arrangement conducive to persuading people to make purchase?

Advertise, advertise, advertise. You can’t expect anyone to buy from you if they don’t even know that you’re in business. You should advertise in every possible way. Over the internet, this means giving out links and reciprocating people who link their sites to yours. It means writing articles that can extend your visibility. It means getting optimized for the search engines. However, you can also advertise conventionally. For instance, you can post banners and give out flyers and stickers. You can spread your business information by word-of-mouth as well – which is arguably the most effective way, anyway. A shining recommendation from a friend can do more than a thousand stickers.

Sell quality products. The only way to make money in retailing is to keep people buying from you again and again. And the only way to do that is to provide goods and services that are well worth the money. Remember that people must feel satisfied with their purchases, else they probably never will purchase anything from you again. If you have excellent products, people will find their way to you, even if you don’t expend as much effort advertising them.

By applying these basic tips, you should be on your way to creating a great retailing website.








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Reasons to Have a Home Business

Reasons to Have a Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


If you are thinking about starting up a home

business, chances are that you don’t need to be

convinced. However, you have to be sure that you

are doing the home business for the right reasons,

and that you aren’t going to be surprised by

anything that might happen while you are working

with your home business. Make sure that you are

doing it for the right reasons, and you are going

to be more likely to be happy with the way that

your home business turns out.

Reasons

There are many reasons to have a home business. You

need to make sure that you are doing it for a good

reason, and that this is going to fit into your

life. You shouldn’t decide that you want to open a

home business, for instance, if you simply want to

work at home. There are many ways that you can work

at home without having your own home business, and

so if you simply want to have the freedom of

working at home, then a home business might not be

the best option for you. However, if you really

have the drive and ambition to not only work at

home, but to be able to create a business from

scratch, then it is something that you should

consider.

You should also not open a home business simply

because you are angry with the way that your boss

is running your business. A good reason to open a

home business might be that you have new and

innovative ideas for whatever field you are working

in, and this might be why you want the home

business. However, if you are simply doing it so

that you can do what your boss does, only try to do

it better, you are not going into the business for

the right reasons.

You should be opening a home business because you

want to make a difference in the field, and also

because you truly enjoy what you are doing and

think that you are going to be able to do it very

well from home. These are all reasons that you

might want to consider starting a home business.

The idea of working form home and being your own

boss should simply be something good that goes

along with it. Remember that no matter what, once

you start a home business it is going to be in your

life, and it is going to be something that you have

to plan for in the future. This means that a home

business is something that you need to think

through and plan carefully before you decide it is

for you for sure. This is very important to

remember.
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Friday, June 15, 2007

Passing Your Home Business On To Your Kids

Passing Your Home Business On To Your Kids
Copyright © Jose Love

http://perfectbiz.here.ws


There is something that is part of a home business

that you might not have thought of, and that is

where you are going with your business in the

future. Remember that although you are around right

now to run your home business, like any business,

you should be hoping that you are going to continue

to be successful and that you are going to continue

to move foreword in whatever you are doing. If this

is the case, you should be thinking about the

future of your business and what you plan on doing

with it. Remember that you might want to pass it

on, in the end.

Passing On A Business

When it comes to whether or not you want to pass

your home business on to your children, you have to

think about it in the same way that you would think

about passing on a regular business to your kids.

There are several things that you have to think

about, and you have to make sure that your family

knows what you want to do.

Interest

First of all, you want to make sure that your

family is interested. You don’t want to expect your

children to take over your business if they aren’t

interested in it, or if they have no idea what it

is all about. If your kids don’t seem like they are

interested, you might be better of selling your

business before your retire so that you know your

business is in the right hands. Remember, when you

sell your business, you want to make your children

happy and you want to keep your business running.

If you don’t think your kids are going to be happy

running the business, it might not be the best

thing to do.

Responsibility

Another thing that you should keep in mind is that

you have worked hard to get your business where it

is, and you are going to want to be sure that it

gets passed on to someone who is going to be

responsible with it. This is one of the most

important things that you have to think about when

you are considering whether or not to give your

kids your home business. Remember that if they have

shown interest, and you think that they are going

to handle your home business in a responsible way,

this might be something that you consider doing.

In the end you have to remember that you are the

one who has built up your home business, and this

means that you are the one who has a say in what

happens to it when you are finished being in

charge. Make sure that you have made your

intentions clear, and make sure that you feel good

about what is going to happen to your business

later on down the road.


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Managing Your Home Business (So It Doesn’t Manage You!)

Managing Your Home Business (So It Doesn’t
Manage You!)

Copyright © Jose Love

http://perfectbiz.here.ws


The Problem of Time Management

If you already

manage a home business, then you are also probably

aware of how it can consume most of your time. Most

likely, this happens against your will. After all,

there are probably many things that you want to do

with your time, such as spending time with your

spouse and your children, going out with your

friends, listening to music, reading some books, or

what not. And yet, the task of managing your home

business seems to take up all of your time. What

can you possibly do?

What was described in the

first paragraph is a classic example of a time

management dilemma. Millions of people, not just

home business owners, feel that they are not in

complete control of their time. This tends to make

people miserable, since most people want to feel in

control of their lives. After all, what is your

life but a measurement of your time? As long as you

are unable to spend your time in a manner that you

wish, you will never be truly happy, no matter how

much money you earn or how many accolades you

receive.


Managing Your Time Properly

Set your priorities.

The cardinal rule of time management is this: Set

your priorities. In life, there is probably nothing

more important than setting your priorities, since

they will set the stage for just how much time you

will spend on each area of your life. You must

clarify in your mind exactly what you want in life,

and determine to spend more time on those things

that you feel are most important.

In the immortal

words of Goethe, “Things that matter most must

never be at the mercy of things that matter least.”

If your home business is the most important to you,

then it is only right that you use most of your

time on it. But if it isn’t, you should begin to

scale back on the time you spend on it. You can

either 1) get someone else to do the job for you;

or 2) scale back on the amount of work you are

already doing. Remember: You own your home

business; it doesn’t own you.

When you work,

work. Time management gurus tell us that most

people don’t really work all the time that they

work. This means that they may be putting in 8

hours at work, but they’re not really working for

all of those 8 hours. They may spend an hour here

chatting with officemates, another hour there for

lunch, and another utterly distracted. This causes

work to pile up and problems to surface at a later

time.

To avoid this, work all the time you work.

While you should definitely take breaks whenever

you need them, make sure you are not kidding

yourself and taking more time than you need to. By

focusing on the task at hand, you will get it done

quicker and with less effort, freeing up more time

for the other things you want to do.




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Tuesday, June 12, 2007

Keeping Sane With Your Home Business

Keeping Sane With Your Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


There are many things that you have to think about

when it comes to running your home business. One of

the biggest things is to make sure that you don’t

get sucked up into your home business, and that you

are able to stay sane and keep it together to your

family. Remember that they are probably part of why

you have decided to have a home business, so you

have to be sure that you are doing the best that

you can for them and providing them with every

opportunity to live a great life.

List Priorities

One of the most important things that you can do

for yourself to keep your head clear and to keep

sane while you are having a home business is to

make a list of your priorities and see if you can

stick to it. This is something that you should do

before you even start to think about having a home

business, because once you have gotten started you

are going to find that you have a lot more to think

about. There are going to be more offers than you

think you can handle, and there are going to be a

lot of decisions that you need to make. The best

thing that you can do for yourself is to keep your

list of priorities and to stick to it. If you say

that you are going to only let your business get so

big during your first year, and you make sure you

stick to this, you aren’t going to find yourself

with a business that is out of your control right

away.

Keep things Separate

Another thing that you should do when you are

trying to keep sane with your home business is to

be sure that you are taking time away from your

business. It is very important to start off your

business by working very hard, but you also need to

keep your family and your private life as something

completely different, or you will find that you end

up in trouble by going crazy with your home

business.

A good way to keep things separate and to try to

stay sane is to have office hours where you are

working, and the have hours where you are not

working, you are simply at home with your family.

This is always a great way to keep your business

and your private life separate, and if you are

going to be successful with your home business, it

is something that you need to be able to do, and

you need to be able to do it well. Remember that

if you can do these things, you are going to be

able to be much more successful with your home

business, and you are going to stay sane.


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How To Start Your Own Scrapbook Making Business

How To Start Your Own Scrapbook Making
Business

Copyright © Jose Love

http://perfectbiz.here.ws


Making scrapbooks is one of the biggest industries

in the country today. According to studies, the

scrapbook industry earns about $3Billion each year

and this figure keeps on growing. Since scrapbook

making can be done in the comforts of your home,

this can be a very lucrative home business for

creative people. The good thing about the scrapbook

making business is that it does not really require

a huge amount of capital. If you are creative and

you know how to make use of whatever materials that

are available, you can already create good

scrapbooks.

Learning the art of scrapbook making

Starting out a home-based scrapbook making business

is easy especially if you are naturally creative

and artistic. However, to make sure that you are on

top of everything, before you start your own

scrapbook making business, you must first learn all

that you know about this hobby. First, you must

know the different techniques of scrapbook making.

Read books and magazines about this business. You

may also enroll in one of those scrapbook making

classes. Practice what you have learned and then

improvise. Always remember that scrapbook making is

an art. Be creative. Always remember that the more

unique your scrapbooks are, the more clients you

will have.

Getting supplies

If you want to engage in the scrapbook making

business, you must know where to get good

materials. Locate a good supplier of paper and

trinkets in your locality and make sure that you

have enough supply of good materials all the time.

If you are planning to do a lot of scrapbooks,

better buy your materials in bulk and get some

discount. On the other hand, if you have no time to

run around town and shop for papers and trinkets,

you can just go online and take a look at those

sites that are selling scrapbook materials. The

good thing about buying your supplies online is

that you get to save a lot of time and effort. Just

make sure that you order your scrapbook making

supplies from reputable online stores or else you

will soon find yourself with some materials which

are substandard or worst, your credit card could

get high jacked and you lose a lot of money.

Marketing your product

The best way to market your product is to create

samples and present them to your friends and

relatives. You can start by asking close family

members friends if they want to have keepsakes that

are custom made. You may also display your designs

during family gatherings and special occasions so

that people will have some idea of what you can do.

If your designs are really good, a lot of people

will be calling you about their scrapbooks sooner

than you can imagine.


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Monday, June 11, 2007

How To Start Your Own Home Based Meals To Go Business

How To Start Your Own Home Based Meals To Go
Business

Copyright © Jose Love

http://perfectbiz.here.ws


If you are one of those people who love to cook,

you might want to explore the possibilities of

selling meals to go in your community. A lot of

people are not really eating right these days. In

most cases, familiar thrive on processed and

instant foods because everyone is too busy to

prepare a healthy meal. By offering home cooked

meals to go, you will be able to help others eat

more healthy foods and at the same time earn some

money to contribute to the family coffers. If your

neighbors and friends love your cooking, you will

most likely have a lot of people knocking on your

door and asking for a decent meal.

Getting organized

If you happen to live in an apartment building

where everyone leaves the place in a hurry

everyday, you might want to offer some breakfast,

lunch or dinner to go. However, before you do so,

you better check with the building administrator if

these things are allowed or lese you will get into

trouble. There are many apartment buildings that

do not really allow these things because this could

be a source of fire hazards. On the other hand, if

you have your own house, offering meals to go will

not be much of a problem. In most cases, after

complying with government regulations, you can

start your home business immediately.

Organizing things for your food to go business is

not really that difficult especially if you have a

computer with internet connection in your home. You

can start by asking the people in the building for

their email or instant messaging address. You can

send your menu for the day to these addresses and

ask them to send you a message as to what they will

have for breakfast, lunch or dinner. For your

neighbors who do not have internet connection, you

can just put a cork board outside your door where

you can post your menu for the day. You may also

provide for some paper and a box where your clients

can write their order and then drop them in the

box. Furthermore, having a business phone is a

must. Some of your clients may want to call you to

place or cancel their orders. Never rely on your

home phone for this purpose. Always bear in mind

that the home phone should only be used for

personal transactions and the business phone should

dedicated solely for entertaining clients.

Set a specific time and place where your clients

can pick up their food. Make sure that you are

already and waiting a few minutes before your

clients starts arriving so that you will not have

difficulties getting things in order.

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Friday, June 8, 2007

How To Start Your Own Home Based Accounting And Bookkeeping Business

How To Start Your Own Home Based Accounting And Bookkeeping Business

Copyright © Jose Love

http://perfectbiz.here.ws


Are you own of those people who are tired of being confined inside your windowless office cubicle? If you have been feeling claustrophobic in your small cramped cubicle with nothing but the computer filled with accounting files, now is the time for you to get out of there and look for something that will not really drive you crazy. There is really no point of torturing yourself and getting all your nerves worked out even if the job does pay the bills. Always bear in mind that you are not here in this world simply because you need to pay the bills! You have to live your life a little and have some fun.

Now, just because you are miserable with your present job, that doesn’t mean you have to dash out of the door right thins very minute and never look back. Much as we hate to think about it, we do need to pay the bills, eat and have a roof over our heads. If you really want to quit your job, you better look for alternative means of income first. Much as you would like to get away from your workplace fast, you will need your day job to keep you afloat while you set up your home business. To inspire you to work hard on your home business, set a target date when you will quit your job. Keep your target in mind and strive hard to build your business.

Since you are an accountant, you might want to start offering your services as bookkeeper or accountant to small business around your community. There are probably a lot of small businesses around your community that needs your services so start calling on people who might be in need of accountants or bookkeepers. If you know some people who are into home based business, give them a call and ask if they need your help. You will be surprised at how many people actually need accounting and bookkeeping services.

Another way for you to advertise your services is to print some brochures of describing your work experience, the services that you are offering and your professional fees. Distribute your brochures together with your business cards to family members and friends and ask them if they know somebody who might be interested in your services. More often than not, someone in the family does know somebody who is in need of accounting services.

It may take you sometime before you can finally build a good accounting and bookkeeping business. If things are not moving as fast as you would want it to be, be patient and don’t stop trying. Sooner or later you will be able to get enough clients and generate some good income.


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How To Start A Pet Based Home Business

How To Start A Pet Based Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


Are you one of those people who love animals? If you are one of those people who love animals, you might want to set up your

own pet based home business. The good thing about selling products for pets is that you get to have some fun by doing the

things that you really want to do and at the same time earn some good money. Besides, if you have kids in the house, they

will probably have as much fun as you do. Kids and pets belong together so you will not really have any problems asking your

kids to help out in your home business. Getting your children to help in your home business is a great way of teaching them

how to be responsible.

Setting up your business

Setting up a pet-based home business is not really difficult. You don’t need to have a big space to keep all your stuff. If

you open an online store where you can sell your products, you will only need to keep a few things in your house. You can

just run to your supplier any time you need something. Since you will not need to keep a huge amount of inventory of pet

products, you will not need a lot of money as capital investment. A few hundred dollars for your computer with internet

connection and your initial inventory will be enough. For your web hosting, you can just use one of those free sites for a

start to save on cost. There is really no point of wasting too much money on web hosting when you can have something for

free. Besides, those sites that are offering their services for free are not really that bad.
Selecting your products

There are lots of pet based products that you can choose from. If you want to specialize on organic products for pets, you

might want to take a look into organically grown food for dogs as well as toys that are made of biodegradable and organic

substances. The good thing about selling these types of products is that you get to help save the planet at the same time.

Besides, according to experts, organic products for animals are a lot safer because they do not contain any harmful chemical

additives. Healthy pets make great companions.

When planning to sell organic pet products, you should first locate a good supplier of these products. Find a supplier of

organic products near you so that you can just simply to go their place whenever you need something for your store. Always

make sure that you have steady supply of the products that you sell in your site otherwise you will have many disgruntled

clients in your hands. Having disgruntled clients is not really a pretty thing so make sure that you give good service.




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Sunday, June 3, 2007

How To Start A Home Business With Limited Amount of Capital

How To Start A Home Business With Limited Amount
of Capital

Copyright © Jose Love

http://jlove.payitforward4profits.com


If you are thinking about borrowing a huge amount

of money from friends and relatives to start your

own home business, you might want to put that

thought aside and find other ways of starting your

business without burying yourself in a pile of

debts. Just because you do not have a lot of money

for capital doesn’t mean you cannot engage in a

home business. There are many ways of starting your

own home business even with just a few dollars.

Offering Services

One of the best ways to do away with the huge start

up capital is to start a business that will only

require your talents and your time as capital. For

instance, if have some special skills and trainings

on dealing with children with learning

disabilities, you can set up a tutorial service.

There are many people all over the country that are

offering home tutorial services for kids with

learning problems and they are earning good money.

On the hand, if you have some bookkeeping skills

and you have some experience in this area, you

might want to offer your service to the small

business around your neighborhood. You will be

surprised at how many people really need your

services.

Use your present resources

Using your present resources as capital for your

business can help you save a lot of money. For

instance, if you have a big house with a lawn, you

can turn your house into a child minding center or

a day care center. There are a lot of parents out

there who need a safe place where they can leave

their kids while they go to work or do some

shopping. A day care center is not really hard to

promote in the neighborhood. Once the people in

your community learn that you are offering this

type of service, they will start coming to your

doorstep.

Working Online

There are many online businesses that do not

require you to put any capital at all. For

instance, if you are a good writer, you can offer

your services online. The good thing about working

as an online freelance writer is that you can work

anywhere you are. As long as you have a computer

with internet connection, it doesn’t matter if you

are working inside the mall, the coffee shop or by

the beach for that matter. On the hand, if you have

no writing skills, you can always join one of those

online affiliate marketing programs and earn

commissions from the sales generated from your

site. Most online affiliate marketing programs do

not require you to put capital to get started. The

good thing about these online affiliate programs is

that they give out big commissions. If your site

generates a lot of traffic, you will most likely

earn a handsome income out of these affiliate

marketing programs.
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Thursday, May 31, 2007

How To Set Up A Simplified Accounting System For Your Home Business

How To Set Up A Simplified Accounting System For
Your Home Business

Copyright © Jose Love

http://jlove.payitforward4profits.com


A lot of home businesses fail because they lack the

necessary financial system to track down the flow

of their money. More often than not, home based

business owners are not really very keen at keeping

their books of accounts, thinking that as long as

money keeps coming in, they will be alright.

Unfortunately, things are not really that simply

when you are engaged in business. If you want to

stay in business for a long time, you will need to

keep track of your financial flow for your own use

and for taxation purposes. Note that if you do not

keep track of your income, sooner or later the IRS

will be unto you and you will get into big trouble.

Setting up your own simplified bookkeeping system

is not really very complicated. If you like to keep

your records in your computer, you might want to

buy accounting software or just simply use whatever

programs that will allow you to make a spreadsheet

in your computer to record your daily transactions.

However, you have some money to spare for an

accounting program, it would be better to have one.

There is a number of easy to use accounting

software being sold in the market today. The good

thing about these accounting programs is that you

do not need to worry about balancing your books of

accounts. You simply input all your data in one

page and the program will run on its own. Most

accounting programs will automatically perform the

different accounting process and will immediately

update your statements of accounts. Retrieving data

from an accounting program is also easy. All you

need to do is to go to it archives and select which

ones you want to see. For instance, if you want to

know how much your net income is for the month, you

simply pull-out the income statement page and you

will see your income instantly. Another advantage

of using a computer accounting program is that you

get rid of all the papers and ledgers in your

workplace.

Now, in case you are not comfortable using your

computer to balance your books, then you just have

to you things the old-fashioned way. What if you do

not know anything about accounting processes? Never

mind if you are not good in accounting and

balancing statements of accounts, just keep a

simplified records of your transactions. A three

column worksheet will do nicely. You can easily

find this type of worksheet in the bookstore. When

dividing your worksheet, you can have one column

for all the money you received in connection with

the business, another column for all the money that

you spend for your business and the third column

will be for your running balance.



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