Famous Families
Why work for someone else when you can work for yourself?
That’s exactly what these families think!
The Cadbury Family
Firestone
Heinz
Jays
The Kellogg Brothers
Tyson Foods
DuPont
Wal-mart Stores
S.C. Johnson
Viacom (Redstone family)
Mars
Gap (Fischer family)
Illinois Tool Works (Smith family)
Danaher Corp. (Rales family)
Kelly Services
Levis Strauss
New York Times (Sulzberger family)
Motorola (Galvin family)
Qualcomm (Jacobs)
Nieman Marcus (Smith family)
Knight Ridder (Knight and Ridder)
Hasbro (Hassenfeld)
Mary Kay (Ash family)
Watkins Associated Inventories
Follett
Kohler
Gorden Food Service (GFS)
L.L. Bean
Are you motivated yet?
Thursday, September 20, 2007
Starting a Business vs. Keeping Your Benefits
Let’s just touch upon some of the financial benefits of being self-employed.
First, tax write-offs span from automobiles to home offices and all the little paper clips in between. Travel, entertainment, education, informational resources, and even half of your self-employment taxes can be deducted.
The second advantage is retirement planning options that are not available to workers with 401Ks. With the right combination of tax-deferred contributions and current deductions you can save a great deal of money now, and at retirement when you withdrawal your savings.
Thirdly, don’t panic about paying for health insurance. Health Savings Accounts also offer incredible savings and coverage and are discussed later in the blog.
Add to these benefits the amount you’ll save if your children no longer need to be in daycare, or if you eliminate a daily commute.
Ho, hum, here is another one, if you quit your office job you can’t sell the job position, but as a business owner, you can sell your business, or pass it on to the next generation. Of course, we haven’t even touched on how much money you can actually make! As you can see, serious consideration should be given to creating a family business. That is why so many Americans are taking their futures into their own hands.
First, tax write-offs span from automobiles to home offices and all the little paper clips in between. Travel, entertainment, education, informational resources, and even half of your self-employment taxes can be deducted.
The second advantage is retirement planning options that are not available to workers with 401Ks. With the right combination of tax-deferred contributions and current deductions you can save a great deal of money now, and at retirement when you withdrawal your savings.
Thirdly, don’t panic about paying for health insurance. Health Savings Accounts also offer incredible savings and coverage and are discussed later in the blog.
Add to these benefits the amount you’ll save if your children no longer need to be in daycare, or if you eliminate a daily commute.
Ho, hum, here is another one, if you quit your office job you can’t sell the job position, but as a business owner, you can sell your business, or pass it on to the next generation. Of course, we haven’t even touched on how much money you can actually make! As you can see, serious consideration should be given to creating a family business. That is why so many Americans are taking their futures into their own hands.
Start a Family Business
If you are reading this blog, perhaps you’ve pondered the idea of starting a business, or turning your existing job for an employer into a successful freelance venture.
Wouldn’t it be great to spend more time with your family while also earning more money? Who wouldn’t like to decrease the cost of daycare, get rid of credit card debit, and eliminate the constant panic that you’ll never get out of debt.
Still, many Americans stay at jobs they wished paid more and ignore their gut instinct that tells them to try self-employment. Why? They fear the unknown. Yet somehow, they become convinced that their job is a certainty. The fact is, there is no certainty in the workplace today. Leaders in the business world are on an international pedestal one day, and behind bars the next. Pensions disappear into thin air. The only certainty about job security is that there isn’t any. Everyday more and more Americans realize that the only person they can count on for job security is themselves.
My goal in writing this blog is not to freak you out, but rather to encourage you to give self-employment a try. Within this blog you’ll learn of many different self-employment opportunities, and what makes this blog different than others is that you’ll not only learn about a variety of business types with start-up costs from zero to one thousand dollars, but also a variety of self-employment levels.
• Start a business while staying at your job.
• Turn your existing job into a business.
• Buy a franchise or start a company with several other people.
• Make extra money online.
America is undergoing an exciting revolution—the self-employment revolution. More and more we are realizing that there is a better a way of life, one that affords freedom, higher earnings, more time with family, and a sense of self-fulfillment.
But self-employment is not something to jump into. You need to explore why you want to start a business.
Wouldn’t it be great to spend more time with your family while also earning more money? Who wouldn’t like to decrease the cost of daycare, get rid of credit card debit, and eliminate the constant panic that you’ll never get out of debt.
Still, many Americans stay at jobs they wished paid more and ignore their gut instinct that tells them to try self-employment. Why? They fear the unknown. Yet somehow, they become convinced that their job is a certainty. The fact is, there is no certainty in the workplace today. Leaders in the business world are on an international pedestal one day, and behind bars the next. Pensions disappear into thin air. The only certainty about job security is that there isn’t any. Everyday more and more Americans realize that the only person they can count on for job security is themselves.
My goal in writing this blog is not to freak you out, but rather to encourage you to give self-employment a try. Within this blog you’ll learn of many different self-employment opportunities, and what makes this blog different than others is that you’ll not only learn about a variety of business types with start-up costs from zero to one thousand dollars, but also a variety of self-employment levels.
• Start a business while staying at your job.
• Turn your existing job into a business.
• Buy a franchise or start a company with several other people.
• Make extra money online.
America is undergoing an exciting revolution—the self-employment revolution. More and more we are realizing that there is a better a way of life, one that affords freedom, higher earnings, more time with family, and a sense of self-fulfillment.
But self-employment is not something to jump into. You need to explore why you want to start a business.
Start a Business With No Money!
If you want to strike it rich by starting a home business office, while working in your pajamas, this blog is not for you.
My intent in writing this blog is to show you how to start a business with zero to one thousand in start-up costs and then to inspire you with the wide variety of businesses you can start at such a small expense.
How can you possibly start a business with zero dollars? Easy! First, look at your existing resources. Do you have a computer? Check. Internet connection. Check check. Marketable skill? Ding ding ding, can you just hear the cha ching?
Many, no, millions of small business owners waste tens of thousands of dollars on mistakes that could have been avoided if they had more experience. It's baffling that people who have never run a business before are given tens and hundreds of thousands of dollars based on a business plan. When you start big, you lose big. If you start small, you risk small. By starting a business from the bare bones, you are also educating yourself along the way about how things are done. How are other people making money? What are the mistakes to avoid? As your business grows, reinvest your profits and your new found wisdom into the company and watch it grow!
I know it can be done, because I’ve done it. I was a freelance writer since high school, and later started an editorial and research company. In the early 1990s I was obsessed with the Internet and wanted to learn everything I could about research resources, how to develop a web site, how to start on online company, etc. I ended up starting a successful company that I would run for six years and then sell. Because I knew how to develop a bare bones website, and knew how to perform research online, I invested zero dollars in the starting the business.
“The entrepreneur is our visionary, the creator in each of us. We're born with that quality and it defines our lives as we respond to what we see, hear, feel, and experience. It is developed, nurtured, and given space to flourish or is squelched, thwarted, without air or stimulation, and dies.” Michael Gerber
My intent in writing this blog is to show you how to start a business with zero to one thousand in start-up costs and then to inspire you with the wide variety of businesses you can start at such a small expense.
Starting a Business With No Money!
How can you possibly start a business with zero dollars? Easy! First, look at your existing resources. Do you have a computer? Check. Internet connection. Check check. Marketable skill? Ding ding ding, can you just hear the cha ching?
Many, no, millions of small business owners waste tens of thousands of dollars on mistakes that could have been avoided if they had more experience. It's baffling that people who have never run a business before are given tens and hundreds of thousands of dollars based on a business plan. When you start big, you lose big. If you start small, you risk small. By starting a business from the bare bones, you are also educating yourself along the way about how things are done. How are other people making money? What are the mistakes to avoid? As your business grows, reinvest your profits and your new found wisdom into the company and watch it grow!
It Can be Done! I Did it!
I know it can be done, because I’ve done it. I was a freelance writer since high school, and later started an editorial and research company. In the early 1990s I was obsessed with the Internet and wanted to learn everything I could about research resources, how to develop a web site, how to start on online company, etc. I ended up starting a successful company that I would run for six years and then sell. Because I knew how to develop a bare bones website, and knew how to perform research online, I invested zero dollars in the starting the business.
“The entrepreneur is our visionary, the creator in each of us. We're born with that quality and it defines our lives as we respond to what we see, hear, feel, and experience. It is developed, nurtured, and given space to flourish or is squelched, thwarted, without air or stimulation, and dies.” Michael Gerber
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