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HOME BASED BUSINESS : Experts Offer Ideas to Business OwnersBuilding a business Question: I’m always trying to get additional customers to my business. Do you have any recommendations? Answer: In business, customers are key. Happy customers can get you new customers and grow your business for you. You can show customers you value them and increase their loyalty by doing several things. First, know them well. Recognizing someone and calling your customer by name makes them feel valued. Keeping connected with customers and knowing their business history with you is vital. Also, send birthday cards or write notes to your customers periodically. Second, go above and beyond. Each customer is an individual and has different needs. If a customer makes a request, do everything you can to make it happen. Even if you can’t, they’ll have greater loyalty if you tried. Third, remember the customer is always right. Proving why they’re wrong isn’t worth losing a customer. Finally, be open to feedback. Seek customer input and consider all suggestions. Turning out the lights Q: I’m close to retirement and don’t know what to do with my business. What do I need to do to wind it up? Answer: Business owners typically spend much of their planning time to grow a business. However, for those nearing retirement or wanting to try something new, planning an exit is also important. For some businesses, discontinuing is similar to quitting a job. For others, getting out can take from months to years and require coordination among many advisers. Either way, your goal is normally to maximize the value of the company or your business assets and convert them to cash. Determine when you want to exit and what you want to do with your business or its assets. You’ll need to pay all your debts and taxes, satisfy customers, and eliminate any inventory. There will then be forms to file with the local, state and federal governments. At a minimum, you should consult a lawyer, an accountant, and a tax expert to coordinate the effort. You might also need a business broker or an auctioneer to sell the business or its assets. Write-offs on home based businesses Q: I started a home based business this summer. What expenses may I deduct? Answer: In addition to deducting the ordinary and necessary expenses incurred in your business, if you use a portion of your home for business you might be able to take a home office deduction. The deductible expenses can include real estate taxes, mortgage interest, rent, utilities, insurance, depreciation, painting, and repairs. Generally, the deduction depends on the percentage of your home used for business and cannot exceed your gross income. This deduction is claimed on Form 8829 and requires that you use the area regularly and exclusively as your principal place of business, as a place to meet with clients or customers in the normal course of business, or in connection with your trade or business if you have a separate business location. “Exclusive use” means it is used only for trade or business and not for any personal or hobby purpose. If you can qualify your home can be a nice way to cut your taxes. If you can qualify, your home can be a nice way to cut your taxes! By Tom Cooney and Crystal Faulkner • September 15, 2008 - http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20080915/BIZ01/309150003 4 Myths About Home Based Business InformationThere are a ton of misleading information about home based business that adds to the complication of starting a new business. So what are these myths? ...Cost-Cutting Strategies for Your Home Business ServicesWith mounting energy bills eating into everyone's income and increasing the cost of a home business, it's a good time to look into cost cutting strategies for your home business services ...Marketing Your Home Based Business ServicesMillions of Americans are living their entrepreneurial dreams by running a business from home. Many entrepreneurs start with an idea to sell a product or service ...Work From Home as a Home Based EntrepreneurGovernment and industry reports show that increasing numbers of men and women are now opting to work out of their homes which makes home based businesses ...Before Starting a Home Based BusinessOperating a home based business can give you the best of both worlds. Like all small business owners, you enjoy the satisfaction of being your own boss ...Other Related Articles: Free Anitvirus Information for Home BusinessIt is important to note the threats that can embed into you computer without notice and getting the antivirus information based on your needs to protect your home business computers from them. Some antivirus software is free...Why Use Internet Home Based Business Faxing Services?Internet or Online Fax Services for small and home based business have become popular within our increasingly mobile work environments. As workers and our workplaces become more mobile, we need the means or the resources...Professional Networking for Home Based BusinessesOperating a home based business does involve one main disadvantage. The business owner is out of the mainstream business community and suffers from a lack of visibility. This means they often have fewer chances to develop a professional network....Home-based medical transcription businessCourtney Blankinship learned the medical transcription business from her mother while working to earn spending money in high school. ...Home based business owners : Pay attention to rules"Entrepreneurs need to be aware of some caveats in running a Home Based Business at home ...Home Based Businesses Find A New HomeTough times affect all businesses. In the wake of financial crisis, many businesses in Southern Utah turn to alternatives to helping them ...Start a Home-Based Business in Desktop PublishingYou have what it takes to start a home-based business in desktop publishing if you have a bit of a creative side, a printer, software on your computer, ...Starting home-based business after layoffFirst, they had to deal with being laid off. Then the challenge became figuring out how to start a home based business from a spare bedroom while the kids are ...Home-based businesses can have pitfalls July 24, 2009For many of the people laid off during the recession, the next career move is a home-based business. It's an ideal solution for many, but these new entrepreneurs ...Stay at home mothers and the home based business June 30, 2009Several stay at home mothers in the Huntsville-Madison area have chosen to start home based businesses. The benefits of having a home based business ...Recession Sparks Rise in Demand for Women-Owned Home-Based Business Incorporation Services June 18, 2009Recession Sparks Rise in Demand for Women-Owned Home-Based Business Incorporation Services according to the 2009 Global Employment Trends for Women ...Home Based Internet Business June 10, 2009Maybe you too can own your own Home Based Internet Business and start reaping the rewards of working at home off your computer. Imagine the money you can ...Insurance for your Home Based Business April 21, 2009It wasn't until a valued customer called, freaked out by a rogue bumble bee she found resting dead in her loose leaf tea, that running a home based business without insurance was a risk. ...How to Choose a Home Based Business April 20, 2009People are flocking to home based business as a means of supplementing their income, and even replacing it. In response to this trend of new busines owners ...Starting a Home Based Solar Energy Business 4/3/09There are several things to consider when thinking about starting a home based business. The first being whether or not you are motivated ...Recession Information about your Home Business Services 3/23/09Planning a recession strategy, you can improve your home business services using the business information below that are in incremental and measurable stages...Increasing Home Businesses 3/23/09Home based businesses in the U.S. are growing and so is the number of those businesses turning to software-as-a-service (SaaS (News - Alert)) solutions ...Home Based Business Positives 2/25/09For many of the millions of Americans who lost their jobs over the past year, the next step is starting a business. Home based businesses are being launched ...Top 100 American Home-Based Businesses 12/1/08StartupNation and Microsoft Office Live Small Business today announced the winners of the second annual StartupNation top 100 American home based businesses...Experts Offer Ideas to Business Owners 9/15/08Building your business - Question: I’m always trying to get additional customers to my business. Do you have any recommendations? ... |
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