For some people, we call them Type 1 taxpayer, working 9 to 5 in an office is the right career choice. For others, we call them Type 2 taxpayer, fit is the dream of waking up and working from the comfort of their own home.
If you’re in the Type 2 group and looking to take advantage of your entrepreneurial spirit, you can start by owning your own home-based business.
What is a home-based business
First, a home-business whose primary office is in the owner’s home. The business can be any size or any type as long as the office itself is located in a home.Second, a home-based business includes an additional stream or source of income and business deductions for tax purposes.
With the following two definitions you the owner will be a business. According to the IRS if you are a business; you are entitled to all the benefits, deductions and privileges of a business no matter the size.
Did you know there are two tax payer systems in America.That right, two differant tax payer system. One system for the Type 1 taxpayer, the employee working for some else. The other for the Type 2 taxpayer, a business owner. Learn More.
When you start a business, whether it be a brick and mortar (referring to a location outside your home) or home-based (referring to a location within your home) there are two items you must have and three actions you must do.
What this means to you as a future business owner; the IRS considers you a business for tax purposes if the following are met:
Two Items
- a product or service to sell and
- someone to buy these products or services
Three Actions
- You have the intent to make a profit.
- You work you business regularly and
- You keep good records on all expenses and sales.
Gain or Lose
A full time job provides most everyone with a semi-dependable pay check and a some what long-range security.However, some people look at the decreasing retirement benefits, jobs getting harder and harder to find and hold onto as not so positive outlook.
An alternative, start a home-based business . With most people accustomed to working that 9 to 5 job for a living sometimes do not have enough confidence for the alternative. A couple of the obstacles include:
- Being risk adverse: a deep-rooted fear of failure and losses
- Lack of entrepreneurial zeal or experience
- Lack of business training and experience
- Lack of sales experience
- Lack of investment money
HBB offers you the options to overcome these obstacles. The obstacles for success are not as difficult when you use the right tools.
You can start your home-based business without quitting your job–as a “part-time entrepreneur.” You don’t need a high level of sales to start with because your start-up costs are small. You can then take the necessary time to learn the opportunity products and services along with the business tools and techniques to build up sales.
Learn the “How-Too” for getting a home-based business started. Learn “How Too” use a marketing system to automate sales and lead generation, get your business financed without taking out a loan, and most of all learn to use your business expenses to help reduce or eliminate your income taxes.
There is more to gain and less to lose
As a start-up home-based business owner, introducing your product or opportunity can sometimes be intimidating. Guess what, there is a solution; how would you like your prospects calling you instead of you cold calling your prospects. This is called online inbound marketing traffic.Sounds to good to be true, your right, excepts over the past four years we have identified the way to soft sell your opportunity. Soft Sell means your prospects ask you about the opportunity before you introduce the opportunity to them.
Home-based Business Builder (HBB) would like to introduce you to the Soft Sell Process. The HBB builder is a education system and marketing tool using today’s technologies and marketing strategies that helps home-based businesses to grow and flourish.
The HBB Builder system benefits includes many features, sales and business functions, listed below are few:
- almost totally eliminate cold calling,
- have a team that can leverage resources and works together
- automate a large part of the marketing and sales process
- use the latest in new internet technologies
If you are an employee, getting a W2 at the end of the year, working for someone else and get a regular scheduled paycheck, we can introduce you to a special called the W4 program. This program is offered by the US congress through the IRS to help finance your home-based business. This program is used to help pay for your opportunity enrollment and direct expenses used to operate your business.
Oh, other important fact, several of the services and opportunities in the HBB Builder offers all the for FREE. Yes FREE. Giving you, the business owner an great opportunity to kick start your Hone-based Business.
To start your own Home-based Business use our simple two step process:
- Step one, view the opportunity or Home-based business offered by the site owner Click Here and
- Step two, join by creating an account in the HBB to get information on how to use the HBB as a marketing tool using modern day strategies and techniques to help grow your Home-based Business. Click here to create an HBB account, no charge just a great deal of information.