Questions to Ask Yourself When Starting a New Home Business

Written by Topher John

Continued from page 1

4. Who does your business sell to? – This will help you define your market (if any) Try to describerepparttar personality ofrepparttar 149701 market and why they would want to buy your product. It may provide a starting point for your business’s marketing strategy.

5. How do you want prospects and customers to contact you in regards torepparttar 149702 product your business is selling? – You may decide that you don’t want prospects to call your home number and you may need a separate phone line or a toll free number. This is part of defining your daily operations and costs.

6. Does your business need a web site? – Ifrepparttar 149703 answer is “Yes”, then you will want to think about what type of site you want and how you are going to build it.

7. How isrepparttar 149704 business to receive money? – A very important question! Do you have a business checking account to receive checks? Does your business accept Credit Cards? Pay Pal?

8. How does your business make money? – You should know how you can make a profit onrepparttar 149705 product you sell. You should know all of your costs to runrepparttar 149706 business. This way you know how much product you need to sell each month.

9. How much money are you going to spend on marketing? – Marketing your business should berepparttar 149707 priority and you should realize that you will need a budget to market your product. You cannot sell your product if your market does not know about it. Also, you may want to start out with a very small amount and try different methods until you learn how to market your product correctly.

Asking yourself these basic questions may help you shed light on areas of your business that you may have not taken into account. After all, it can be overwhelming running a home based business. Asking basic but tough questions about your business can help you identifyrepparttar 149708 immediate and long term focus of your business and most of all sustain your business until it reaches profitability.

Topher John is a webmaster for and He specializes in building internet small businesses. His interests are the healthcare industry, specifically how it relates to the family and physical fitness.

Correspondence From The IRS – Yikes!

Written by Richard A. Chapo

Continued from page 1

Worse Case Scenario

Everybody has a few really bad days in his or her life. You know,repparttar car breaks down, you spill coffee on your shirt while driving to work…you get notice of a full blown audit fromrepparttar 149652 IRS. The first step you take should not be drinking to excess or driving forrepparttar 149653 border. You have rights whenrepparttar 149654 IRS comes calling and one of them is particularly important.


You haverepparttar 149655 right to be represented by an accountant or attorney at your audit. Under no conditions should you even consider going to an audit by yourself. Doing so would be like throwing red meat to a lion. Instead, spendrepparttar 149656 money to get representation and let them handlerepparttar 149657 audit. In most cases, you won’t even have to go torepparttar 149658 audit.

Nightmarish tax audits are generally a thing ofrepparttar 149659 past. A letter fromrepparttar 149660 IRS should not cause you to faint. Usually,repparttar 149661 news isn’t that bad. If it is, hire representation and let them handle it.

Richard Chapo is with Business Tax Recovery - Obtaining tax refunds for small businesses for overpaid taxes. Go to our article section to discover tax strategies and deductions.

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