I Escaped the Ratrace and Gave My Briefcase to the Cat

Cat sleeping in my briefcaseWhen I got my first management job, my wife gave me a briefcase.  It was the biggest one Samsonite made at the time, and I liked it because I could bring work home from the office every day.  That briefcase went along with me on business trips overseas, to corporate headquarters and other regional offices in the U.S. and to meetings with clients.  It was handy for popping into the overhead on the airplane, and I could retrieve it during the flight so I could work.

I was a workaholic, leaving for work early and returning late.  I even enjoyed going to the office on some weekends because I could get more done.  Not being paid for the extra work wasn’t an issue with me.  I was never a 9:00 – 5:00 guy.

The promotions kept coming, and I had less and less family time.  My unused paid vacation time began to mount up.

Gradually I came to to realize how my job had taken over my life.  I had money, but no time to enjoy it or to spend with my growing family.  The companies I worked for controlled my time and my income.  Sometimes I was knocking myself out while others in similar positions were paid exactly the same while putting in minimal effort.  Frequently, I wondered if my superiors even knew what I did, and I felt more like a number than an individual.  I began to be dissatisfied and my briefcase got heavier and heavier.

It seemed to me that I had stepped onto a conveyor belt when I graduated from high school, carrying me through college and into the rat race while the years flew by.  Worst of all, despite all of the heroic mission statements of the companies I worked for as Operations Manager, General Manager, Regional Manager, and Managing Director, I didn’t feel like my efforts had added any true value to others’ lives.  At heart, we had been profit-driven, not purpose-driven.  Continue reading I Escaped the Ratrace and Gave My Briefcase to the Cat

Convert Before It’s Too Late!

Sign says The End is Near.I’m not talking about a religious conversion here, but about converting ordinary, everyday expenses to business expenses for savings on your income taxes.

The surest way to reduce your taxes is to convert personal expenditures into allowable deductions.

A network marketing or other type of home-based business allows you to convert a portion of your everyday expenses to legitimate business deductions.  Network marketing is a great home based business that takes little investment to get going.

Another tax year has come and gone.  With the specter of rising taxes and food prices don’t let another year slip by without taking advantage of the benefits of having your own home business.

Inflation is expected to hit food hard this year, particularly meat, many fruits, veggies, cereal, and dairy products.

Gasoline, heating oil, natural gas, and electricity costs are soaring.

Operating a home-based business is a useful and lawful way to reduce the income taxes you pay and retain more of your hard-earned income.   Keeping more of your money is critically important to meet the rising cost of everyday living expenses. 

This is no time to be paying more income tax than is required by law.  Even if you can only save a few thousand dollars, it is foolish to ignore it.

(I am not an accountant nor am I giving you tax advice)

As a self-employed individual or business owner, you are allowed a laundry list of tax deductions.  These are expenses that are necessary and relevant to your business.   Here is a list of tax deductions to consider.

Computers, Software, and Supplies, Research Materials, Phone, Cell Phone, Mileage and Travel Expenses, Utilities, Home Office Expenses, Equipment, Supplies, Health Insurance Costs, Insurance, Internet Service, Printer, Copier, Maintenance and Repairs,  Upkeep, Advertising and Marketing, Office Furniture, Dues, Memberships, and Subscriptions, Business Licenses, Search Engine Optimization, Tradeshows, Booths, Business Cards, Flyers, Education & Training, Workshops and Seminars, Printing, Postage, Letterhead, Office Supplies, and Wages Paid.  Continue reading Convert Before It’s Too Late!

Clutter is Bad Business

Clutter that’s merely an eyesore, a minor irritation, or a source of stress at home can sound the death knell for a business.

Just because people can survive with clutter in their home doesn’t mean that they can operate a successful business the same way.  This is especially true for home businesses because clutter in other portions of the home tends to flow right through the home office door. 

Operating a home business already requires more discipline than a regular 9 – 5 job because home business owners set their schedule.  Also, home business owners typically wear many different hats.  One person may be responsible for operations, purchasing, personnel, and sales.

Clutter in a home-based business can be a disaster waiting to happen.  It comprises not just piles of litter but disorganized documents, infrequently used office equipment and furniture, old manuals and business cards, outdated phone lists, old leads lists, overstuffed filing cabinets, disorganized files, overstocked inventory, and outdated advertising material.  Continue reading Clutter is Bad Business