Business and Entrepreneurship: Seeking Financial Independence
Have you ever wanted to start your own business but were afraid to do so? Are you looking for the secret formula that might make you the next Mark Zuckerberg? Or you may be seeking advice about whether or not you can take a particular tax deduction. Regardless of the reason you are here, we hope you’ll find the answers you need right here. In this section of our site, you’ll find all sorts of useful information about starting and running a business. Whether you are a sole proprietor looking for money to help you expand your business or just looking for ideas about what kind of business you can launch from your living room, you are definitely in the right place.
As mentioned, our articles touch on a wide variety of topics including basic business advice, IRAs and retirement plans for the self employed, how to avoid common pitfalls in business, how to create sound financial records, and tips and tricks for setting up a home office.
While this particular category deals specifically with the ins and outs of Business and Entrepreneurship, you can find plenty more information about specific business needs elsewhere on this site such as in the following sections on Credit Card Reviews, Money Management, Streams of Income and much more. So, feel free to browse around and take with you the knowledge and experience of many people who have tried their hand at being small business owners. Feel free to leave a few tips and tricks of your own as well!
The steps we are showcasing here are not just applicable for an online business but for any small business. What’s the difference between a hobby and a business? The difference is that losses from a business can be deducted on your taxes (schedule C) whereas losses from a hobby cannot. The IRS presumes that an [...]
I was actually one of those folks who was perfectly suited for the 9 to 5 and worked for many employers over the span of 17 years so imagine my surprise when I found myself turn into an accidental entrepreneur. I never really thought about working for myself until several years ago, when my hobby [...]
Entrepreneurs, does multitasking get in the way of your focus? How do you maintain your sanity and focus on the work you are doing when you wear many hats? Multi-tasking is an important skill to have, particularly if you are a small business owner. But can multi-tasking cause you to develop some level of ADD [...]
Do you like jigsaw puzzles? What can you learn about working on a challenging puzzle…or a puzzling challenge? When I was around 7 years old, I wanted to grow up and own a puzzle store. I imagined that I would put together jigsaw puzzles for a living, then glue, frame and sell them as artwork. [...]
Once bitten by the entrepreneurship bug, many would-be small business owners are eager to visualize how their plans will unfold and are full of enthusiasm about charting their business growth. Fewer entrepreneurs sit down to mull over the other side of running their venture: the side that deals with costs and expenses. But like everything [...]
Be proactive before you make the switch to full time entrepreneurship. It’s a statement often dished out and applied to people who attempt to do something they’re not very good at, a statement made to discourage those who are seeking out an alternative career path: “don’t quit your day job”. In the entrepreneurial world, this [...]
I occasionally write about my background in Silicon Valley because my experiences here have played a huge part on my finances, primarily on the job, career and investment front. Living in Silicon Valley has provided me with the unique experience of being exposed to the world of startups. I can tell you that the dynamic [...]
The toy industry is BIG business. Some years back, iPod toys were the rage. These cute, novelty “toys” went hand in hand with your iPod, ranging in price from $14.95 to $29.95 each. Today of course, something else is considered this year’s must have item. If you think that something is pretty cool today, just [...]
Sometime ago, I was a company employee and whenever someone talked to me about business, I would only be mildly interested, preferring to think about ways I could impress my boss and propel myself higher up the company ladder. I would playfully tease coworkers about how we would be lifers to the end, even betting [...]