Todds Vision for a Second Income
Todd and Mini Watts are learning that a home business is serious stuff and if proper care and thought is applied to your companies set up from day one, your second income finances will benefit tremendously.
As a matter of fact because the Watts took the time to understand, plan and apply the tax benefits of running a home business… the light bulb went on and the Watts realized that owning a home business made fantastic financial sense. Lets take a look. In my last post we reviewed the tax laws that Todd and Mini could take advantage of by owning their home business. From auto expenses to covering a portion of their household expenses they are in tax deduction heaven. As a matter of fact the tax benefits of 12-15,000 dollars they now enjoy will very much cover the costs associated with setting up shop online and creating their second income easily from home.
Todd’s Home Business is Profitable from Day One!
In reviewing the business plan it is pretty apparent what Todd has in mind. He has clearly laid out his strategy for his home business and is now armed with the knowledge that he has improved his chance for success by more than 80%! Why? Because he took the time to plan.
95% of all business fail without planning.
Everything is laid out for him and he knows how many hours per week he is available to work his plan, and what expenses will be involved. It’s the tax deductions that has Todd electrified with excitement. He was able to show Mini that starting a home business online actually has a zero cost. The deductions afforded to a home business takes care of a lot of the expenses that you are paying for now and that is money in your pocket. Mini is on board!
Awesome Mini is with us! She is an accountant and understands the importance of tax write offs. It is after all an income technique that helps keep rich people rich! Mini help in Todd’s home business will be key to their success as it always is when more than one person can share the load. Its more fun too!
All aboard!
Todd and Mini are charged with anticipation and ready to flow to the next step. Naturally they will need a domain name and website. In Todd’s and Mini’s case they have already chosen a domain name and a web hosting provider so step one would be to see if the domain is available and get their website online.
I am not going to cover setting up a domain name or installing a website in this blog. If you need help in this area please visit Janet Legere’s website where she has all the resources and step by step instructions needed to get the job done. If you are hosting your site with GVO then you have at your computer all the training and video instructions from leaders in the online marketing world.
to be continued… the 3 step second income system in 4 hours a week!
