Make sure you have insurance. This is crucial in case something should happen to your home based business inventory or equipment. A home based business can afford not to have proper insurance. That basement flood mentioned earlier could easily put you out of business for good unless you have insurance. So you want to have best insurance you possibly can, even if it means scrimping on other expenses. If you don’t already have it, get on phone or go online and get adequate insurance as soon as possible.

Plan for taxes now. If you haven’t already discussed your taxes with an accountant or other home based business financial advisor, you want to do it as quickly as possible. And you want to check in with them frequently to make sure you stay up to date on important tax laws that may affect your home based business. You want to be sure you’re setting aside enough money to pay your taxes and you also need to know if you should be filing taxes yearly or quarterly as many self-employed people do. Also, if your home based business has employees, you’ll want to make sure you’re withholding right amount of taxes for them as well. Taxes are a fact of life and sooner and more efficiently you plan for them, better off your home based business will be. The last thing you want is for that tidy little nest egg you’ve saved for your home based business to be gobbled up by tax man!

Charles Fuchs http://www.charlesfuchs.com http://charlesfuchs.blogspot.com

I grant permission to publish this article, electronically or in print, as long as bylines are included, with a live link, and article is not changed in any way.

Copyright © 2006, Charles Fuchs, President of Vision Management Enterprise Inc., is an established online marketer who specializes in helping people start their very own Work at Home Based Business.

Whenever possible, buy home based business supplies wholesale. Also, join discount and warehouse clubs. This is another good way to get office supplies for your home based business at huge savings. Also, check into any possible commercial discounts that may be available that you don’t know about. Never pay retail unless you absolutely have to. And don’t limit yourself to offline suppliers. Many online companies offer tremendous savings and are definitely worth checking into.

Finally, do some comparison shopping on everything you use for your home based business. You may think you don’t have time, but amount of money you can save is well worth time it takes. Compare cell phone plans, insurance companies, shipping services and Internet providers. When you find a good deal, jump on it—but don’t settle for it. Just because a certain insurance company gives you best rate today doesn’t mean it will still be best in six months or a year. Remember your home based business isn’t only business that has to compete to get customers, and all types of companies are changing their plans and reducing their charges constantly. So make it a habit to compare rates every six to twelve months, and switch anytime you can get a significant reduction because every penny you save is a penny you can count as profit.

Charles Fuchs http://www.charlesfuchs.com http://charlesfuchs.blogspot.com

I grant permission to publish this article, electronically or in print, as long as bylines are included, with a live link, and article is not changed in any way.

Copyright © 2006, Charles Fuchs, President of Vision Management Enterprise Inc., is an established online marketer who specializes in helping people start their very own Work at Home Based Business.