Biz Opportunities On 05/01/2008
Posted by Makin The Money on
April 30, 2008
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Bert McClure, the founder of the Home Business Executive, has spoken to many people who have struggled and failed when starting a home-based business. “It is painful to see what happens to people,” McClure says. “They launch a business based on some ebook they purchased from an Internet Marketing Guru or because they went to a three-day seminar. They base their understanding often on a formula for success that may not apply to their business or perhaps doesn’t really apply to any other business. What they need to find is someone who actually knows what they are doing and has actually built a successful business.”
So when one approaches such a person as a prospective mentor, it is valuable to really find out what their experience is, checking references whenever possible, seeing if they can give you an accounting of their track record in business. Since you, as a potential home-based businessperson, are treading in a dark forest, you want to know that your mentor has cleared his or her own path.
Bert McClure, owner of The Home Business Executive, spent many years seeking out of the insurance game, hoping that his dreams of a home-based business could find grounding in reality instead of in a silly pipe dream. “The problem with many would-be home-based business owners is that there is a lot of deception out there. One needs a lot of guidance to find it. I remember a Greek myth about how Jason, trapped in the cave of a terrible beast, the Minotaur, is given a golden thread by Ariadne, a princess, to help him out of the cave The Internet is like a cave haunted by the beast of small business failure. A home business mentor is the golden thread one really needs. An unguided start-up is too dangerous to risk.”
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An ‘interesting’ way one buisness found to pay taxes
Oh joy! There are only eight more pressure-filled days of punishing paperwork before income taxes are due. Because of the W-2s, 1099s, figuring of formulas, tangled tax credits and must-be-documented deductions, the April 15 tax deadline earns my title as “The Most Dreadful Rite of Spring” - when compared to the gem and mineral show, the professional golfers’ match play championship, the rodeo, spring training, blooming wildflowers or allergies.
For as tedious as taxes are for us individuals, it’s even more so for businesses. Corporate tax returns are so complex, big companies have full-time staff to crunch the numbers.
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For an entire year, these specialists run through a marathon of financial spreadsheets. We individuals, however, typically sprint to the finish line in less than a week because we have the luxury of procrastinating.
To this day, my favorite tax tale involves a $21 million check.
