Make Money Buying Gold

Even before the economy tanked, it was no secret that you could make money buying gold. One method that has become more and more popular as gold prices fluctuate is buying gold jewelry. The market prices may fluctuate but, in general, gold will always be worth a significant amount. A popular way to make money with gold during the recession and purported recovery has been to buy jewelry. This "scrap" gold is, after all, still gold. Different pieces, even of the same size, can have different values because it is the karat weight that indicates how much pure gold is in the piece. Ten karat gold, for example, has less pure content than 24 karat gold, and an 18 karat piece has somewhere in between.
The Timing of Buying and Selling
If you intend on creating a business around buying gold, you'll need to be educated and prepared. You'll you'll want to keep an eye on the daily movements of gold prices if you want to make money buying gold, according to Bettina Newton's "Buying and Selling Gold Coins." Just as with stock prices, it's better to buy gold jewelry and coins when gold prices are down, and to sell when prices spike up. While you want to watch daily gold prices, you can't continually wait for the "perfect" prices for buying or selling. You'll miss opportunities to make the most profit for your effort if you do. Instead, be content with selling when prices are higher than when you bought.
Assemble the Necessary Tools
In "How to Buy Gold: The Quick and Dirty Guide to Flipping Scrap Gold for Profit," Matt Wallace advises that there are four vital pieces of equipment you'll need to get started: a jeweler's loupe with magnification, a gold testing kit, a digital scale and a calculator. A couple of additional items that may come in handy include a magnet, which can be used to quickly tell whether a piece is gold or not, and a receipt book.
An Uncertain Undertaking
As Wallace points out in "How to Buy Gold... " there are no guarantees when you decide to buy. It's an endeavor that is full of uncertainty. You can place ads and let the public know by word-of-mouth that you're in the market to buy scrap gold, but the truth is that most people don't know what they really have stashed in their jewelry box. You might make an appointment with someone who says they have a "mound" of jewelry they want to sell and when you meet with them you could find that it is mostly costume and little, if any, is actual gold.
Is it Possible to Eliminate the Risk
Start your own gold accumulation plan. Protect yourself and your family by simply exchanging your paper money for currency grade gold in affordable 1- 5 gram bar sizes. This the safest way to make money buying gold.

Article Source: http://EzineArticles.com/8569973

Work From Home On eBay: Buying and Selling

One way to work from home on eBay is buying and selling products. There are many individuals that do this. eBay is their primary source of products and their primary outlet for products. This is how to work from home on eBay, buying and selling products.
Buying on eBay is simple. Find a product you like and bid on it. If you are looking for products to sell, an ideal place to look is the wholesale lots category. You can locate great deals here. Be aware that these are usually large lots of products and if you are just starting out, be sure to know what you are buying. For a beginner, keep these things in mind before deciding to make a purchase. First, know what the items are selling for individually on eBay. Do a search to find this out. Next, keep your price per item at 1/3 the current selling price. You will be paying shipping charges so look at that as well and figure it into the total cost. Once you have your costs figured out set your bid. Many people wait until the last seconds to place a bid. You may want to watch your item carefully and try to get it at the last minute or two. This is how many people work from home on eBay: buying products.
Another reason to use eBay to buy your products is if you are new to eBay. Every transaction on eBay should give you a rating. The fewer ratings you have, the less inclined buyers will be to purchase from you. Buying products on eBay will quickly add to your ratings. Once you reach about 25 positive ratings, your chances of attracting buyers increases significantly. The best way to receive great ratings is to pay for the auction quickly and to leave feedback as soon as you receive the item.
Selling on eBay is also simple. Once you have your product selected, you need to list your item. Keep the auction simple. Every service you add to your listing costs you money. These little costs can add up quickly, especially if your item does not sell. Gallery listings cost money, special layouts cost money, bold faced listings cost money. Watch your costs if you want to make money. You may want to look into software that is very inexpensive or free that will make the listings for you. This way you can create designer listings and add pictures without paying extra fees. Decide on your shipping policies, return and refund policies, and if you want to ship internationally or not. For an eBay beginner, you may not want to ship outside the US as there are customs forms and regulations that can get complicated. Get the hang of selling your item in the US first. Then decide on how you want payment. If you want to accept credit cards, a PayPal premiere or business account is better than a merchant account if you have low volume or low dollar amounts. This is how to work from home on eBay: selling.
Overall it is not difficult to set up a home based business buying and selling products on eBay. The great thing about it is that you can start slow and keep you current job. As you learn more about eBay, you can increase what you buy and sell and look for outside wholesalers as well. This is how to work from home on eBay: buying and selling products.

To Your success

Article Source: http://EzineArticles.com/9569518

Start A Home Based Business And Retire Young

Cash flow is the most crucial word in the world of revenue. The second most crucial word is leverage. Leverage is the cause some individuals become wealthy and other people don't become wealthy. The reason less that five percent of all Americans are rich is because only five percent understand how to utilize the power of leverage.
Among the recognized forms of leverage is the leverage of borrowing cash. Millions of individuals scramble financially because the power of debt leverage is utilized against them. Great debt makes you wealthy and bad debt makes you poor.
The most potent sort of leverage in the world, your brain, has the might to make you wealthy or make you poor.
Beliefs
Wealthy individuals utilize rich words and poor individuals utilize poor words. Your mind may be your most powerful asset or it may be your most powerful liability.
The difference between wealthy individuals and poor individuals is that poor individuals state "I can't afford it" more often that wealthy individuals. If you wish to retire young and retire rich, you'll have to utilize your mind in your favor, not against you. Forbes magazine specifies rich as $1 million or more a year in revenue. The issue with having a job is that it gets in the way of getting wealthy. Most individuals have a plan to be poor. That's why so many individuals state, "When I retire, my revenue will go down." Put differently, they're stating, "I plan of working hard all my life and then I'll become poorer after I retire". Millions of workers are today counting on their pension plan, plans like 401(k) and IRA. Employees are now responsible for their retirement. In the Industrial Age, it was the company or the government that would mind of your financial needs once your workdays were over. There's one tragic flaw in these Information Age pension plans. The flaw is that most of these plans are indexed to the stock exchange, and as you might have noticed, stock exchanges go up and stock exchanges crash. Projecting to work hard all your life is a poor plan. For a lot of baby boomers, time, our most crucial asset, is running out.
In real life less than five percent of the U.S. population is wealthy because ninety-five percent of the population might want to be rich but only five percent takes action.
The three main assets that make individuals wealthy and let them retire young:
1. Real property
2. Paper assets
3. Businesses
Retiring young and rich requires spending time acquiring assets instead of working for money. This book is written to help you in discovering your own financial freedom... freedom from the drudgery of just getting by. Poor individuals utilize poor words and poor words produce poor individuals. If you are able to change your words and your thoughts to those of the wealthy, retiring young and retiring wealthy will be simple. We all have questions. The difference is what we do with those questions. The greatest challenge you have is to challenge your own self-distrust and your laziness. It's your self-distrust and your laziness that specifies and limit who you are. If you wish to change what you are, you have to take on you self-distrust and you laziness. It's your self-distrust and laziness that keep you small. It's you self-distrust and laziness that deny you the life you wish. There's no one in your way except you and your doubts about you. It's simple to stay the same. It's simple not to change. Most individuals choose to stay the same all their lives. If you'll take on your self-distrust and your laziness, you'll discover the door to your freedom.
The reason many individuals don't do what they can do is because they don't have a strong enough "why". Once you find the" why", it is simple to find you own "how to" to riches. Rather than looking inside of themselves to discover their own "why" they wish to become wealthy, most individuals look for the easy road to wealth, and the issue with the easy road is that the easy road commonly ends in a dead end.
3 more paths to great riches are:
1. Bettering business skills
2. Bettering money management skills
3. Bettering investment skills
If you discover yourself arguing with a great idea, you might want to quit arguing. Whenever somebody states something like 'I can't afford it' or 'I can't do it' to something they wish, they've a large problem. Why in the world would somebody state, "I can't afford it' or 'I can't do it' to something they wish? I was arguing because I was protecting myself from the pain that dreaming big dreams may bring if that big dream doesn't become a reality. I had dreamed and bombed. I realized that I was arguing against failing again, not against the aspiration. A hint: I learned years ago that passion is a combination of love and detest. Unless somebody has a passion for something, it's hard to achieve anything. If you want something, be passionate. Passion provides energy to your life. If you wish something you don't have, discover why you love what you want and why you detest not having what you want. When you combine those two thoughts, you'll discover the energy to get off your seat and go get anything you require. I've heard many individuals state, "Money doesn't make you happy". That statement has some truth to it. But what cash does do is buy me the time to do what I love and pay others to do what I detest doing. How many of you plan on retiring early?" "How many of you would like to retire in your 40s and be financially free for the rest of your life?

Please check out these sites:
http://blogforbusinessonline.com/businessinfocoach/
http://www.thomashowlandinfocoach.com/

How To Find Success As A Home-Based Event Planner

Weddings, birthdays, anniversaries, product launches, company parties, and corporate meetings - these are just some of the types of events that take place week in and week out. Since everyone wants these events to go smoothly and be a success, a lot of people given the responsibility of handling or managing one would want to get help from planning and throwing the event. And this includes getting help from a professional event planner.
If you have been giving a thought to becoming an event planner but don't want to be encumbered with the rigid work schedule that comes with working with a company because of your family or for other reasons, you can still embark on this career by working at home. You still get the joy of planning events and earning from this venture while working at home and having flexible working times.
Your passion and dream though may not be enough to start and succeed as a home-based professional event planner. Below are some tips that can help you find success in this venture:
Take up a refresher course. Whether you're new to the world of event planning or simply shifting from the corporate industry to a home-based one, now is the right time for you to take up a good relevant course. Completing a course and getting a certificate will give more credence to your skills and capabilities. Make sure you choose a reputable and good training institute so that you will really learn something new and you will be able to practice and hone your skills. If you're up to it, try to qualify for a qualification awarded by a local professional body. These certificates and qualifications can help you impress clients - something that you have to prioritize to land them and so that you can eventually get a gig and start earning.
Select an area of expertise. Although a lot of event planners generally work on a variety of functions, home-based ones may find it easier and more lucrative to choose a specialty. Determining what niche you want to focus on can be a challenge, but if you mind-map your passions, interests, experience, and knowledge, you will be able to choose one. And when choosing your niche, consider the usual factors such as the type of event you usually prefer (is it social, corporate, non-profit, etc.), the size of the gathering or guests you can handle, etc.
Have a good website. Your website will serve as your office or shop: this is the place where you can showcase your work, your credentials, your services, and testimonials. It will make you look more professional, too. Because of the important role your website plays, you need to make sure you hire only a talented web design team to help you with creating and launching your site.
Lastly, let people know you are offering event planning services. There various ways and strategies of promoting your event planning venture. Most of them are affordable and even free. The important thing to keep in mind is that consistency is the key. Start by selecting two to three strategies that you think you'll enjoy doing and spend time every day working on those methods. If you find yourself dreading a particular strategy or that it's not effective, drop it and try another one. Some of these marketing strategies you can try are social media marketing, blogging, and e-mail marketing.

Learn more about event planner education here

How To Succeed In A Home Based Business

Self-affirmations are positive statements or self-scripts that might condition the subconscious so that you're able to develop a more positive perception of yourself and create home business success. Affirmations might help you to change adverse behaviors or achieve the correct mindset. They can likewise help undo the harm caused by negative scripts those things which we repeatedly tell ourselves that add to a negative self-perception and affect our success. Consider your positive attributes. Take stock of yourself by making a list of your best qualities, abilities, or additional properties. Are you adept at marketing? Write it down. Are you a good networker? Make mention of it. Write each quality down in a brief sentence, starting with "I" and using the present tense: "I'm adept at marketing," for example, or "I'm a good networker ". These statements are affirmations of who you are. We seldom revolve around those things that we sincerely like about ourselves, rather choosing to dwell on things we don't like. A list will help you break up that cycle, and using these affirmations to help you appreciate who you are will give you the confidence you need to accept your affirmations of home business success.
Consider what negative scripts you'd like to neutralize or what positive business goals you'd like to achieve. Affirmations can be highly useful to counteract negative perceptions you have acquired about your abilities to run, or make a success out of a home business. Affirmations may also help you accomplish specific business goals, like creating products or achieving beneficial marketing. Make a list of your goals or the adverse self- percepts you'd like to alter. Prioritize your list of matters to work on. You may find that you've a lot of goals or that you require many different affirmations. It's best, though, to revolve around just a couple of affirmations at once, so pick those that are most crucial or most urgent and work with those first of all. When you see improvement in those areas or achieve those goals you can phrase new affirmations for other points on your list. Author your affirmations. Use positive affirmations alone as counter-scripts, or add other affirmations to mold your behavior with and about your home business in the future. The affirmations you'll use to mold future changes should follow the same form. They should begin with "I," and be curt, clear, and positive. There are 2 forms of future-oriented affirmations you can utilize to work toward goals.
"I can" statements: author a statement affirming the fact that you can accomplish your goal(s). For example, if you'd like to become a home business marketing star, a statement like "I can become a home business marketing star," is a good start. Several experts recommend that you avoid any form of negative connotation. "I will" statements: author a statement affirming that today you'll really utilize your ability to accomplish your goal. So, following the above example, you may say, "I will become a home business marketing star. Again, the affirmation should use positive language and should plainly express what you'll do today to accomplish the longer-term goal of home business success. Match-up a few of your positive attributes with your goals. Which of the positive characters will help you accomplish the goals you've set? If you're addressing ways to market a product, for instance, you may need internet knowledge or writing skills. Select affirmations to support what you'll need. Make your repetitions visible so you'll be able to utilize them. Repetition is the key to making affirmations effective. You want to consider your affirmations several times a day, daily.
Proceed using your affirmations. The more you affirm something, the more steadfastly your mind will accept it. If you're trying to accomplish a short-term goal, use your affirmations till you've accomplished it. If you merely want to use affirmations as a counter-script, practice each one as long as you like. Consider the message you send to the universe. Don't utilize negative words - Instead of I won't or don't want to be a business failure, utilize I WANT to be a home business guru. The universe doesn't understand negative thoughts, only 'thoughts' are sent to the universe and send the correct message. Repetition builds habits and your subconscious mind will align.

Please check out these Blogs:
http://blogforbusinessonline.com/businessinfocoach/
http://www.thomashowlandinfocoach.com/

Internet Marketing Business - Work at Home

Building a great internet marketing business work at home may not be as hard as you first thought. For many people who utilize the computer regularly, the notion of collecting some of the visitors and users available online for a business venture seems a natural choice. In this fast paced world of working and play, we still find enough time to get the news, stock reports, email, Myspace messages and a multitude of other actions from the comfort of our home. The internet marketing business work at home creates a procedure for helping others make money while you make money too.
Marketing is advertising and sales. Something every business needs. By Marketing, we mean that a business message is listed in places where potential clients will have an opportunity to view. It may be static advertising, email, print, video, digital, or physical, but for the internet marketing business work at home, it's all about quantity and quality. Companies look for great procedures and results when deciding on an online advertising program. Internet marketing business work at home should be directed at giving the client what they want.
Successful marketing companies maintain confidential lists of contacts and outlets on which to distribute information to the public. For each product that is marketed to everyone, a great internet marketing company will have created niche markets from which to garnish incredible sales leads which result in motivated purchases by consumers who have viewed the message introduced into the group through focused advertising and business mentions. Achieving success as a internet marketing business work at home is the ability to traverse the entire market while focusing on special markets that drive the most qualified traffic to clients.
Quality leads for business, like gold in a mine, has to be dug up to be treasured. This stands true for the company who does not succeed because of an inability to connect with its customers. The internet marketing business work at home is in the business of connecting companies and clients for pay. To be successful, you must be successful in making money for others while you attract high pay for your service. Simple in theory, the internet marketing business work at home can be extremely time consuming. It is necessary to maintain all contacts and lists in excellent condition. The internet is full of new information every day. The internet business work at home will have great records to follow procedures that worked and ones that did not. Large email lists and constant communication with important people on the lists is what keeps a successful internet marketing business man or woman busy. To be successful, you must have an ability to reach millions of people while maintaining a repose with everyone.
Creating success for others is the job of a successful work at home internet business. The people behind the scenes will develop proper introductions and maintain customers long after an advertisement has passed. Connecting business and customers is what the internet marketer does for himself and others for money. Do it right, and earn more money than you thought possible through a internet marketing business work at home.

Article Source: http://EzineArticles.com/1482178

Start a Home Business - Small Business

You can start a home business with very little work. It does not have to be a complex operation or difficult. Lay the groundwork first for a small business by reading all of the guidelines, policies and procedures about the business of your interest. If this information is not readily available on the homepage of the website then caution is advised.
Check out the CEO and the owner of the website. They should have an impeccable reputation. Type the names into the Google search bar to see if they are real and reachable. Ask the owner of the website if you can speak with other members of the company in question to see what information they can bring to you. These members should credible and well versed about the business. If the owner is hesitant about this or says no then you should reconsider before joining.
Check to see how many people are promoting this business. Check some of the better press release services and EzineArticles services. If these people are credible they will know how to use these systems and have some top positions.
Watch out for self proclaimed guru's. Their websites usually have a picture of a guy sitting on the beach but is entirely unreachable by phone or the internet. They aren't real and they never deliver anything to you and most aren't making any money.
Do a lot of comparison between businesses. Don't join the first ones you look at right away.
Conduct the research to see if the business in question offers free training with live Q&A sessions, tools and phone support. They should also have ebooks and how to books and articles for members. The best businesses have these in place, so avoid those who do not.
Most anything you don't know about the internet or the company and or its members can be found by typing in the name or question in a Google search bar.
Be thinking about a domain name for your business that will create excitement and will later help you promote that business.
Make a business plan and follow it. The more you know about your business the more successful you will be. Go with a business that makes things happen, not one that watches what happens or wonders what happened.
Start a home business, your own small business and just get going. You have done your homework and it is time to reap the rewards. If everything has clicked into place you are ready for a new career that can change your life and the future. Everything should point in the direction of your success. Best wishes for your success.

[http://www.1000.bigtickettowealth.com]

Article Source: http://EzineArticles.com/1362968

Making Money Online - AdSense Vs Affiliate Marketing

Making money online is great for multiple reasons. You're making loads of money while sitting down in your own house. There are quite a few things you can use to make money online. These methods include, but are not limited to the following:
You can use Google AdSense to make money. With this, you make a website and have advertisements on the side of your web page. You get paid anytime someone clicks on your ads. If you can get a lot of traffic onto your site, this can help you make a lot of money. Just make sure you are putting ads relevant to the topic of your web page. Also, don't think you can click on your own ad a bunch of times and make money. You can't outsmart Google, so don't try.
Another method is affiliate marketing. Affiliate marketing is advertising for other people in return for a commission. The difference with this is that instead of getting paid for people clicking the link, you get a commission of 50-75% per sale. Again, your goal is to get a bunch of traffic onto your web page, because the more people that see your website, the more potential customers there is.
These are two of the best methods to make money online, and anyone can do them if they're willing to put in the work, and do it correctly. Either method can make you plenty of money, so it's your choice for which one you prefer. One of them doesn't make any more money than the other, they just pay differently. Another difference is that with affiliate marketing, you get paid immediately while AdSense pays after a certain number is met.
Choose your method, and commit to it and you will be successful. Don't quit one method and switch to the other just because you aren't seeing immediate results, because they both require patience to make money.

If you want to know a secret, click here [http://www.makefastmoneynow.info] now!

Top 8 Mistakes Small Business Owners Make

When starting a small business most entrepreneurs are full of enthusiasm and high expectations, but, according to the US Small Business Administration, around 50 % of them fail within the first five years. Reasons for the failure are diverse and numerous, just like the risks involved in starting and running a small business. Here are some tips how to be within those 50 % of small businesses which manage to sustain and succeed.
1) Jump straight into a new business, dive in headfirst: Realistic and objective relationship with your own business starts when you start your company. Sometimes there is no time to analyze and think too much, unplanned opportunity shows, it is the right moment etc. But mostly you do have enough space to take a critical look at your venture before investing too much time or money. Think about things such as the weakest part of your plan, competition, chances on market, what would you do if this plan wouldn't work. These critical analysis will help you avoid some of the basic and very common mistakes. Believe it or not many of them could be skipped at the very beginning.
2) Underestimating how long it will take until the business starts to support itself and you: This simply means two things. First-you must be aware that each new business needs a lot of time to spread and start functioning-earning money, and you must count with that-being prepare to see no income for a first few months. Second-you must calculate how much exactly it is going to cost and what time period is necessary for your business to attract regular customers/clients. This is the most serious mistake and problem which make people bankrupt and give up.
3) Not knowing your customers: When you get an original idea of your business, your next thought should be the market and the customers. No matter what kind of products or services you provide, you must know in the first place what is your target group of people, who are your potential customers, what do they need, how can you help them, how can you reach them. And even when you already have a solid customer base, you must be careful about changes in fashion, finances, approach and everything that come with the times which are changing.
4) Spending or borrowing too much: Initial high expectations can work against small business owners when they lead to borrowing too much. When you take a credit or a loan from the bank, don't forget that you are the one who is going to return that money and your business won't start generating profit immediately. The larger the loan, the larger the monthly payment. When you do get the money for your new company, be careful what you are going to spend it on. Don't spend too much on equipment, furniture, hiring too many employees and renting a huge space. Go step by step.
5) Not being prepared for taxes: If this is your first small business to run, you must remember the taxes, as the regular monthly cost. People often make this serious mistake thinking only about invested money and profit it will bring. But you have to fulfill a couple of obligations to the state, you can't avoid them and these amounts are not low, especially if you let them accumulate. It's a good idea to have a separate bank account only for this purpose, put money into it from each payment you receive.
6) Lack of marketing and advertising plan: A marketing plan is a part of your initial small business plan. It creates the kind of attention you want to get in front of your customers. It is what attracts people to you and it is a story which stands behind your products or services. That story is what people like to buy. Especially if your business is fresh new, the marketing is the only way to let people now you are there. Having a website, a good website is a good way to promote your business and make it visible.
7) Ignoring the employees is a mistake many entrepreneurs make. You might be the key to everything but you cannot do everything. That is why you hire the people to work for you. And with you. Right staff is very, very important. By "right" I mean people who knows their job, and do it well. And for that you have to make them feel useful, important and respected. If you share your ideas, success and money with them, you will get the positive feedback, and that will have a positive impact on your company.
8) Giving Up: As we have already said building a business isn't an instant product. It is a very reason many companies shut down so soon. But, if you have a control over your finances and realistic business plan you should never give up when you come across the first obstacles. All the good and important things require certain period of time, and having in mind all the challenges of running a business brings, it's normal that the beginning is hard and not each period of the year is equally successful. If you're not starting than keep in mind all the bad moments you used to face with and how did you face with them. Some of the most successful entrepreneurs failed a few times before doing extremely well.

5 Mistakes Small Business Owners Often Make

Don't overlook these five common mistakes that most small business owners make when starting their first business. Use these guidelines to help grow your company into a successful business superpower.
1. Unreasonable Expectations
There's nothing wrong with small business owners setting challenging goals or having high expectations for their new company. In fact, a majority of entrepreneurs are born with these exact personality traits. Owning a small business and watching it grow from the ground up is definitely something worth getting excited about. This type of excitement is often a good thing to have, but sometimes too much of a good thing can result in bad situations. As a new business owner, be cautious not to let the rush of starting your own business get to your head. Oftentimes small business owners think their businesses will generate revenue much faster than is realistically possible. While in some cases this does actually happen, the reality is that the majority of small businesses take some time to grow. Think of your business as a delicate plant that takes some time and proper nourishment to flourish. There's no need to try to rush the process or have unreasonable expectations of overnight riches. The successful business owners stay calm and collected because they know that watering their "plant" too much isn't going to make it grow any faster and in some cases might even kill it. Take some time to plan and think about your small business and set realistic goals before you get started. In most cases, this is all it takes to turn your green thumb for business into lots of green cash.
2. Mixing Personal and Business Bank Accounts
It's always a good idea to keep your personal bank account separate from your business bank account. Small business checking accounts are fairly inexpensive and offer a variety of benefits for your business. Some popular banks even offer free business checking if you maintain a certain balance or make a certain number of transactions every month.
Having a dedicated bank account devoted entirely to your small business makes it much easier for you to keep track of incoming payments and outgoing expenses. Separating the two accounts also makes it less likely for you to overdraft or underestimate your income and expenses which could result in additional banking fees. At first, it may not seem like you need a business bank account because you're not making or receiving a large number of payments but in the long run the total number of transactions your business makes each month will grow alongside your business. You're eventually going to need a business bank account that can handle a lot of activity so it's best to do it up front to keep all of your expenses and payments tied to a single account. You don't want to wait until you're processing hundreds of transactions a month and then have to transfer all of your automatic debit card payments and revenues to another account.
Another benefit that a separate bank account offers is the automatic organization of all of your transactions. Most banks provide electronic statements that list all of your transactions made with your account every month. These statements are very helpful in preparing your financial statements at the end of the business year. Organized records will help you avoid paying extra taxes and help you take advantage of business tax deductions.
3. Failure to Budget Properly
This is one of the most common mistakes new business owners make. Despite the simplicity of keeping a simple budget, most business owners refuse to keep track of their business' revenues and expenses. Take some time to write out a list of all your expenses and sources of income. Keep track of all your fixed expenses (fixed expenses are expenses that are the same every month, for example your rent) and your variable expenses (variable expenses are expenses that change with the amount of usage or output, for example your electricity bill). Compare these expenses with your income sources to see if you're turning a profit every month. Writing these numbers out on paper will help you visualize how much money is entering and leaving your business every month. Keeping a proper budget is a continuous activity. Your expenses and income are constantly changing so it's recommended you evaluate your budget at least once or twice a month. As mentioned in the previous paragraph, setting up a business bank account makes budgeting much easier than keeping track of everything manually. Often business bank accounts come with free services that help with budgeting and keeping track of your business records.
4. Overlooking Government Tax Benefits
If there were a hundred-dollar bill laying on the ground would you pick it up? Most people would. Free money is hard to come by these days but there's plenty of it available for people who own their own business. Small business owners often don't take advantage of the many tax deductions the government offers to all businesses. Tax deductible items include office supplies, furniture, office equipment, software for your business, any subscriptions you might have related to your business and even the space in your house that's dedicated to your business if you work from home. Even some of the gas you use for your car is deductible if you're using it to travel for business purposes. These are just a few of the things that are eligible for tax deductions and can decrease your taxable income on your federal income tax form. Current information on available deductions and how to take advantage of tax-deductible expenses can be found at the U.S. Small Business Administration website.
5. Marketing Mistakes
The key to generating revenue and profit is having a strong, effective marketing strategy. If you don't devote some time to developing a marketing strategy for your small business then odds are you're missing out on a lot of potential profit, if not ALL of your profit. Don't make your business suffer by avoiding or skimping on marketing costs. The reality is marketing services aren't always cheap. Before you spend a pretty penny on your business marketing services, make sure the services you're buying will be an effective way to market your service or product. For instance, don't advertise your video game review website in the newspaper...odds are your target demographic for that type of business doesn't even read the newspaper.
There are many different ways to market your business. Marketing methods range from the traditional business card, to paying for search engine marketing, to hiring a professional marketing firm. Do some research on the marketing methods that work the best for your line of business. If you're short on ideas, look at how other successful businesses and competitors in the same industry are marketing their products or services. Keep track of how well various marketing methods work for your small business. Continue to use the methods that work well and cut out the methods that don't work so well. Remember, marketing is a dynamic process that takes time to develop and become effective. Odds are you will make a few mistakes throughout your marketing process, but that's okay. The biggest mistake you can make is not marketing at all, and you will far beyond that now.

AdWords Campaign Management [http://www.thethirdagency.com/]
Looking for a list of the best Top Entrepreneurship Books [http://top-entrepreneurship-books.com]? Check out this list of the 5 entrepreneurship books that hundreds of entrepreneurs have rated as the most popular and informative.

Article Source: http://EzineArticles.com/6456139