Cover Your Costs from Day One!

Written by Holly Cotter

One ofrepparttar most difficult aspects of starting a new business isrepparttar 117477 cost involved. Most people start a business because they need to EARN money, and finances are often tight.

Here are some strategies you can use to cover your business costs fromrepparttar 117478 very beginning...

#1. Talk to people!

I know this seems scary, but it is a great way to cover your monthly business costs quickly.

When you rely solely on automation to contact your customers and prospects, it usually takes 60-90 days to BEGIN to see results. This is quite normal for any type of new business but, when it's YOUR business, 60-90 days can seem like a VERY long time.

By talking to a few friends and/or family members -- people who respect you and with whom you have credibility -- you may find someone who is interested in giving your product or opportunity a try.

Often, just by talking to people, you can earn back your investment -- or even make a profit --repparttar 117479 first month you're in business!

#2. Increaserepparttar 117480 tax deductions on your W-4 form!

Almost everyone who starts a home business works a full-time job. But, did you know...

As a home business owner, many items that used to be personal expenses are now business expenses. This means you can write off many of these expenses as tax deductions!

Instead of waiting tillrepparttar 117481 end ofrepparttar 117482 year to file your taxes and get a refund, you can increaserepparttar 117483 amount of take-home pay in your paycheck simply by increasingrepparttar 117484 number of deductions on your W-4 form. (As a result, less money will be taken out of your paycheck for taxes.)

IMPORTANT: Before making changes to your W-4 form or filing your tax returns, be sure to talk with an accountant.

#3. Save your change every day in a jar!

This sounds simple, but you'd be surprised atrepparttar 117485 number of people who don't take advantage of this easy strategy.

Most people spend loose change without even thinking about it...on coffee, candy bars, newspapers, etc.

Instead of paying for miscellaneous items with change, pay with paper money. Atrepparttar 117486 end of each day, put all your loose change in a jar. The average person is able to accumulate $20-$40/month in coins this way. This money can then be used to help cover your monthly business costs.

#4. Use couponsrepparttar 117487 RIGHT way!

When most people use coupons, they simply pay less atrepparttar 117488 cash register. But what happens torepparttar 117489 money they "save"? They just spend it on something else!

Think You Can't Afford the Help You Need? Think Again!

Written by Diane Hughes

So many small business owners – especially those who work from home – are very pressed for time. After all, as an independent professional, you must wearrepparttar hats of: accountant, salesperson, customer service representative, marketing manager, distribution manager, tax professional, and countless others. While you may need help desperately, you probably think you can't afford to "hire" someone. The truth be known… you can actually SAVE money by using an assistant.

Think of it this way. How do you make your money? Providing a product? Offering a service? Soliciting memberships? Regardless, you have to DO something (promoterepparttar 117476 product, performrepparttar 117477 service, solicitrepparttar 117478 membership) to get that money. When you must be all things to all people, it takes valuable time away fromrepparttar 117479 one thing that brings in cash for you. Hiring an assistant can free you up to make more money.

Here's an example:

Let's say you spend 10 hours a week on actual moneymaking ventures. Your average income in one week is $1,000. You spendrepparttar 117480 other 30 hours per week answering emails, doing bookkeeping, providing customer service support, and so on. If you could delegate many ofrepparttar 117481 duties that don't absolutely require your attention to an assistant, you could devote possibly 20 more hours to making money. That would give you 30 hours a week to make money and only 10 hours per week to do other things.

Don't think you can afford an assistant? Oh… sure you can! Virtual Assistants perform a wide range of duties at very reasonable rates. They work via phone, email, fax, and postal mail rather than being a full-time employee of your business. This way, you only pay for repparttar 117482 services you need.

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