Posted by admin on August 30th, 2010
Many businesses are set up as home based businesses. Others are set up as businesses that have an office rented for public access. We will examine the difference in this post.
The home based business has a lot of advantages when compared to a separate office system for your business. If you don’t expect any clients to be present at your home office then you can start a home based business.
Our experience here is that the business when it is home based provides a tremendous tax savings advantage over a public office location. There are certain rules that govern home based businesses but they are not hard to get arranged if you plan for them properly up front in the beginning. The IRS has certain rules that allow you to set aside a part 0f your home as a home office. When you get these guidelines and implement this office per their guidelines the advantages in savings is beyond belief.
As an example if you are a stay at home mom and your husband works an outside job the home office is your tax saver extraordinaire. The home office and its allowable tax applications can get your husband’s entire tax deducted from his paycheck each month refunded to you. This can amount to as much as $10,000.00 at the end of the tax year. All you need to do this is the right tax software that will guide you through the deductions and help you implement the deductions needed to offset the deducted taxes from the other family member’s payroll deductions.
In some cases the husband has become unemployed and the wife is still employed. The husband can open the home office and start their business while the wife brings home the other income. The same scenario we just pointed out applies here also.
There is parts of this rule by the IRS that can kill an effort to have a home office. If you are a lawyer or a doctor and you have opened your home to clients then you cannot have another office in a public location where you also receive clients or patients. The IRS has rules that forbid this action of a double office for the deductions. But if you are a doctor and your wife has her own home based business such as an internet business then she can have a home office that can save you taxes at the year’s end when a joint tax return is filed.
You can look into this a lot more and we can provide you a lot of guidance in this area. We have personally saved using this program and the government sanctions this because they know that you will eventually need employees and they will then gain back what they have given to you when you started up your home based business. A lot of home based businesses eventually outgrow the home office when employees start growing with the business. And when this time comes you will have a lot more cash flow through your business that will make the costs seem like petty cash transactions.
You can visit our site and read about what we offer. We do not have any information in this website about our program of training but it will be added soon. Our site can be found at the URL of www.mdouglasbroughconsulting.com.
Leave us a comment concerning this post. We appreciate your input.
Posted by admin on August 29th, 2010
You’ve started a business. Suddenly the business catches the eye of some other company or even the government. They like what you are presenting and they want you to enter into a contract with them to provide your products or services to these companies or government agencies. Are you really prepared for this?
Here is a scenario that we have worked with in the past. A company had a good business idea and a product that could help businesses develop more of what they are producing. Your income is good. Your ability to stay in the game is not challenged as of this time. Suddenly here comes the dream situation for all companies. A very large possibility is now available to enter into a contract that can take your company from a $50,000.00 per year profit to over 5 million dollars of yearly income. Is this the answer to your dreams or is it the start of a nightmare and the final closure of your business?
The answer lies within the work you have completed that will have you into position to handle such an increase in business. It isn’t how your company is set up with employees and you have the capability of getting employees to cover the increase. The problem is in the obtaining the necessary temporary cash to handle the increase in your business.
The very first thing that needs to be done is to insure that you have a solid and expandable business plan that shows a lender that you are prepared for this increase. The business plan you present, if not properly written, can kill your ability to get the loan you need to expand enough to cover the increase in business production.
A well written business plan and a copy of a binding letter of intent to enter into a contract is all that will be needed to secure the loan for the expansion you will have to do to service the contract.
All of the business plans developed by our company is designed just for this purpose. It has all of the details needed to show you know your stuff and you have gotten trained in business to the point of being able to handle all the new contracted business pending. Any lender can take your business plan and with the assistance of the SBA, they can have your loans ready to fund in a short period of time. Now you are ready for the expansion.
Saving the modification of a business plan until the time has come to take on such a large contract could cost you that contract and probably your entire business. Prepare up front and be ready for the best. That is what we do.
You can visit our site and read about what we offer. We do not have any information in this website about our program of training but it will be added soon. Our site can be found at the URL of www.mdouglasbroughconsulting.com.
Posted by admin on August 27th, 2010
Here is a secret to getting a business on the internet and many other places throughout the marketing areas of your business. This action is known as a press release.
When you get ready for a big blast of publicity for your business you develop a press release and find a way to get it sent to as many places as you possibly can. The press release when handled properly can get your business, even when it is an internet based business, recognized and listed is a very large amount of publications and other advertising medias.
This is a very important step and it needs the touch of a professional writer that can develop your press release. When it is written properly it has a massive amount of affect on the business and you can get a lot of business from this action which will be like launching your business into space with the equivalent of the moon landing publicity when we sent our first astronauts to the moon.
When you get this much exposure you will have to immediately prepare to handle a very large amount of traffic for your business. There is nothing out there that has the power of the exposing your business to everyone like the press release when it is professionally written and published properly by organizations that know how to do this.
We can help you a lot here. For about the price of 1 hour of consulting we can direct you to the place that we feel is the best source to accomplish this. We also recommend another press release when you start to get really productive in your business. This one will tell the public how successful you really are and everyone wants a successful business to help them with their needs.
When you’re ready you can email us and we will contact you and get you started with your press release. The link below will get you to our web address for this action. See you there.
You can visit our site and read about what we offer. We do not have any information in this website about our program of training but it will be added soon. Our site can be found at the URL of www.mdouglasbroughconsulting.com.
Leave us a comment concerning this post. We appreciate your input.
Posted by admin on August 26th, 2010
This package in this area of business will help you look at how affective your keywords are in your website systems. It is your website keywords that will direct your customers to your website sales page where they can look at your ad copy and decide to purchase what you are selling.
Most businesses out there have no idea of how much their website keywords can produce in the form of income for a business. With what we provide your keyword system will show you how much you can realize from the traffic produced by your keyword presence in your website.
It helps you to select the keywords that will work the best. Your success in all areas of business is our top priority. Your website effectiveness is a very important part of your sales and income processes from your website. You will benefit more from the way it provides your sales and how this will be able to produce more income for you and your company.
Our keyword analysis will even help you find hidden niche markets for your business expansion based upon the keyword analysis we develop for you. We will provide you a report on our findings of the niche markets you can add to your future business or even develop a completely different company in that niche.
Posted by admin on August 25th, 2010
This package in this area of business will help you understand how to use your website to maximum effect that will make you very effective in produce sales for your company.
Your success in all areas of business is our top priority. With what we provide in our website presence training you will find that internet marketing is more involved than just putting up a website and waiting for customers to access your system and buy what you are offering. There are parts like good ad copy and other outside operations that you must work with that will greatly improve your website operations and produce more sales for your cash income.
If you are a new startup business this training will be so valuable that you will be way ahead of any competition that may appear to take away the market shares you are establishing through your internet presence. Or maybe you are trying to take away some others business markets with your system. Either way your internet presence and how you operate it is important to your success. There are a multitude of instruments and systems you can implement to make this happen.
We constantly surf the internet in search of software systems that will improve your internet operations.
Posted by admin on August 24th, 2010
This package will provide you with the information that can protect your company and help you recognize when a possible violation of business law is in process. With business law training you can decide when a contact is required or when a verbal agreement will work. Your success in all areas of business is our top priority. Business law knowledge will alert you when an attorney will be require to protect your business from certain dangers that are outlined in business law to reduce your liabilities and help you with your risk management needs. Without this training you could make a mistake that could immediately cause the seizure and closing of your business. Business law knowledge will help prevent such problems for you and your company.
In our business law training we will teach you a lot of ways that will provide a multitude of knowledge in business law information. There are certain parts of business law that can give you protection on your contracts and procedures. It will give you powers beyond your beliefs. We recommend that business law training becomes an intricate part of all businesses. Without it you could be take advantage of and lose a lot of money.
Posted by admin on August 23rd, 2010
What you are purchasing for the listed funds is information about what is required to attract and entice investors to invest in your company. We will train you on what instrument you will need and what you may be required to provide in order to get an investor to invest in your idea and business. If you haven’t gotten some of the requirements almost all investor will want then you will lose that inventor during your pitch to them.
We will coach you on developing your pitch script for investors. We will help you develop a set of questions that may be asked and from this you will be able to answer their questions immediately. With what we can provide you can get most investors to look at you as a possibility. There is nothing as powerful as using other people’s money to make your business profitable.
Other sources may be associated investors and possible partners. We will look at all the possibilities. Your business success is our prime goals.
Posted by admin on August 23rd, 2010
All businesses will need funding for their operations. One thing you will need to know is that you cannot attract SBA loans without a well written and specific language sections in the required business plan. If we were hired to help you develop your plan all of this will be covered. Otherwise we will have to have certain parts of your plan modified for what a lender requires for their safety in order to invest in your business.
Dealing with SBA loans is an area that is completely different from other types of funding. There are requirements laid out by certain government agencies that govern this type of loans in a business. Loan officers are what you will deal with in loan processes. Loans have a lot less requirements to secure them. The SBA route is a very good source for your funding requirements and the way we train you and represent you when you approach a loan officer will increase your chances of success.
There are certain ways you will need to set up your company to allow loans from the SBA to fund your venture. Your business plan must be structured to recover these costs. The other parts are the venture capital sources. In fact the fees we charge you will be included as an expense in your business plan if we are the guide to developing this plan. If your business plan doesn’t show certain parts the SBA will not be interested in your venture as fairly safe loan source.
Your chances of success in getting an SBA loan is greatly improved when you have a business consultant visit your lender with you.
Posted by admin on August 20th, 2010
All businesses will need funding for their operations. One thing you will need to know is that you cannot attract investors without a well written and specific language sections in the required business plan. If we were hired to help you develop your plan all of this will be covered. Otherwise we will have to have certain parts of your plan modified for what an investor and bankers requires for their safety in order to invest in your business.
Dealing with bankers and investors is an area that is completely different from each type of funding. There are requirements laid out by certain government agencies that govern investment in a business. Loan officers are what you will deal with in loan processes. Loans have a lot less requirements to secure them.
There are certain ways you will need to set up your company to allow investors to invest in your venture. Your business plan must be structured to recover these costs. The other parts are the venture capital sources. We will explain these and tell you about their benefits and their pitfalls. If your business plan doesn’t show certain parts the investor will not be interested in your venture as an investment. The reason why the government agency is involved is to keep the investor from being involved in fraud based upon your venture. They know how to tell the difference between fraud and failure in a business.
The other alternatives are private source loans and partnerships to make a business productive and funded. And finally there is the grants route to business funding. Part of what we may have to do is to make the modifications to your plan in order to influence the source we want to approach for your funding. We will look at all of these possibilities.
Posted by admin on August 19th, 2010
Mentoring Services
Before we begin this process we would first want to look at your needs and what you want to accomplish through the mentoring needs. This could affect the amount paid up from it and we would never want to overcharge you for what we provide per hour.
There are no limitations to the questions answered through our mentoring services. We will help you look at each process you have accessed and see if you are on track with what you are doing. If there is anything that is dangerous to your future or costly beyond what it should be we will make recommendations about what you can or must do to correct the process. Our mentoring objective is to put you in a safe position for your business operations.
In certain areas we are not the source for your consulting and we will redirect your process over to the area where you can get the proper services. This would be mostly associated with the internet system businesses, we can give you answers about the business process but an internet specialist will be needed to answer your specific questions on how to implement and make operational certain internet operations. We will have recommendations as to who would give you the best answers for your needs.
When we refer you to an internet specialist we will still remain your mentor. To hand you off to a specialist doesn’t mean we are abandoning you. Your business will still need us to help you find what you need to progress and become successful. We still can give you a lot of input to your business needs. The internet specialist will be used only to fill in what we don’t have to make the mix work for you.
