Why A Low Cost Home Based Business?

Here’s the reality:

There are three recognized secrets that big business doesn’t want you to know. The truth is, big business needs employees and they don’t want these secrets to get out of the bag!

Secret Number One – JOB SECURITY

True job security is a thing of the past, and here’s why. Have you ever heard the terms “merger” or “acquisition”? You may have heard them, but do you really understand what they mean, and why they have eliminated true job security? Even though these business practices are very complex, here is a very simple example that exposes the true nature of big business today.

Consider there was a small shopping center with two restaurants right next to each other, a pizza parlor and a deli. Each business has it’s own equipment, employees, and dining room. So, what happens if these two businesses decide to merge together? Well, all they really need to do is remove the wall that separates them and they end up with one large dining room.

But there’s more. They soon find out that they don’t require two counters, two kitchens, or two of anything. So what happens next? The extra kitchen is sold for cash and the cooks are fired. The extra counter is sold for cash and the counter person is fired. The extra space is converted into more dinning room space. The result is a larger business, with less equipment, less employees, and a bigger dining room. In short, more sales and less expenses.

When a merger takes place in big business, the people involved walk away with obscene quantities of cash, and you, the employee, are little more than a pawn in someone else’s chess game.

Secret Number Two – THE DUAL INCOME MYTH

With so many families struggling to get by these days, most of them have arrived at the same solution: both parents work and they become dual income families. Well, think about this instance. The second parent enters the workforce believing the extra money will help the family.

HEREIN LIES THE MYTH. Let’s say Mom goes out and gets a job making $25,000 a year, which is about $480 per week. Sounds good, right? But here is what most people don’t see. After taxes (25%), Mom is left with $360 to take home. However, then there is day care ($150), leaving Mom with $210. Then there’s the extra gasoline ($20), buying lunch everyday ($30), dry cleaning ($30), parking ($25), and now Mom is down to $105.

What happens next? With Mom working, there is no time to go grocery shopping or to cook healthy meals at home. As a result, the family orders out, or eats out, 2 or 3 times per week ($90), and now mom is left with $15 to show for 40 hours of work, or 38 cents per hour. But, it gets worse. The extra $25,000 a year puts the family into a higher tax bracket, and at the end of the year, they get hit with a huge tax bill.

That’s the myth: when the second parent leaves the home to go into the workforce, the second parent ends up working full time making little or no money at all, they rarely get to see their kids anymore, and the entire family suffers. This is your wake-up call!

Secret Number Three – TAX ADVANTAGES OF A LOW COST HOME BASED BUSINESS

This “little known” secret is the best one of all! The tax advantages of a low cost home based business are literally unbelievable. A low cost home based business has a different set of rules than any other type of business. First of all, you can deduct a portion of your rent, mortgage interest, phone bill, electric bill, gas bill, repair bills, etc. In a low cost home based business, you can hire your kids (ages 7 and up) and then deduct the education expense of your employees. You can deduct private school tuition, home school expenses, even college tuition! However there’s more. You can offer your employee’s (your kids and spouse) benefits such as vacations. (Are you getting this? You can write off your family’s vacations!) On top of that, you can offer your employees (your kids and spouse) benefits such as medical and dental and write that off too! And this is just a small example of what’s possible.

Most importantly, when you begin a low cost home based business, you don’t create more expenses like day care, meals, parking, dry cleaning, gasoline, etc. So you get to hold on to every penny that you earn. On top of it, you can do all this and be home all of the time. You can be there for your children. What do you think is better for your children and your family?

Are you ready to start your own Low Cost Home Based Business?

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