Mary Kay, Lia Sophia, Silpada, 5Linx, Pampered Chef – to name a few…. These are just a handful of the self-employed consultants in the work world. Many of them are sole proprietors who have little to no understanding of the tax implications associated with it, the tax deductions available to them, or what they need to do to file taxes.
It is extremely important not to co-mingle deductible expenses with personal expenses. Opening a bank account for the business will help keep the expenses separate. This should be one of the first things on the list of “to-do’s” when beginning a business. A special tax treatment applies to start-up expenses-expenses incurred prior to opening the business. Therefore, these receipts must be kept separate from the receipts for general operating expenses.
One type of deduction that helps to reduce the overall tax liability is the auto expense deduction. Auto expenses are … Read More
Restaurants can be found in almost everywhere that you may go and this is proof that this kind of business is really good. Every once in while, someone makes a decision to open up a restaurant for whatever reasons he/she has. There are evidently many reasons why people choose to open such business and you do not need to have the same reasons. You just have to evaluate what you want and to help you out, here are 5 reasons why you should be in the restaurant business.
The fact that all people need to eat is one of the main reasons why you should be in the restaurant business. People can actually cook their foods on their own at home but sometimes there are people who choose to eat in a restaurant, the busy people in particular. Because they do not have enough time to cook at home, they … Read More
Every thriving business today requires good customer service skills. It is important to keep existing customers as well as creating new ones. Customer service is the heart of the customers buying experience and businesses that provide great service to customers distinguish them among the rest in this very competitive world.
This is the main reason why many successful companies make this an important element in their agenda. Many businesses go out of their way and hire professionals with outstanding service oriented attitude to provide excellent customer service.
“What is a good customer service and why is it important?”
Firstly, let us go over the main qualities of a good customer service to help recognize the importance of these qualities.
Primarily, good customer service skills include sound knowledge of the product and company, a very good understanding of the spoken and written language, ability to listen to and understand a customer’s … Read More
I am regularly asked by clients and investors of the importance of company management. When deciding to invest in a company, out of all the attributes and qualities that we review, we first focus on how important are the people in charge. Secondly how do we measure this?
Some of the attributes and qualities that we look at when reviewing a share investment include: are debt levels under control? And, what is the growth potential? However, these review factors quickly become meaningless if there is not a strong and trustworthy leadership in place.
People in managerial positions have a tremendous impact on the success, or failure, of a business. Their vision, leadership and abilities all combine to determine the future of the business.
One such person, who is often singled out as a strong leader in New Zealand, is Don Braid from Mainfreight. The company’s success is based around the … Read More
In 2008, more than two million engaged couples married in the US alone, although in Canada, around 115,000 marriages occur everyday. China, the most highly populated nation, has 9 million couples marrying every year, spending 19,900 dollars per wedding. Such an escalating rate attracts a great many capitalists to what we recognize these days as the wedding industry.
The wedding industry is derived from many business endeavors including jewelry makers, caterers, flower shops, printing press, music, transportation, photography and creating wedding DVD’s. Because no company provides all of this in a single package, the wedding ceremony organizing sector has likewise come forth to alleviate couples from the tension. A recent investigation established that one out of every two brides employ a wedding consultant for the planning. This industry has further extended to the education sector. The increasing amount of schools offering certification on wedding planning and management is an apparent … Read More