Behind the Bells and Whistles……
When we decide we want to claim our piece of the internet profit pie we tend to focus on what will make us a profit and the quickest way to make that profit. There are basics which often fall to the wayside. What happens when you have made $10,000, $50,000 or even $100,000 and then the government comes asking for their share? First you will say “I wasn’t able to keep it all…… I had expenses” Then the tax man says prove it. How do we do that? This question has been bouncing away in the back of my mind. Do I hand him a stack of papers and say ” It’s all here somplace………..I think”
As I have been deciding what internet business to build I have also been thinking and seeking advice on how to structure that business. I assume that a lot of other people have the same concerns. So…… I have decided, if there is interest, to compile an eBook outlining proper record keeping and business practices to help online entrepreneurs to avoid future problems by creating a sound foundation and plan to follow from the start-up. After all, we all want to make a great deal of money on line, but the most important thing is being able to keep a high percentage of it.
Please feel free to comment on your concerns about business building……what you would like to learn or what others might want to avoid. Feel free also to say that you think there is not an interest in this area if that is the case and help me not to waste my efforts.
I look forward to hearing from you!