The Importance Of Having A Business Plan

While writing a business plan can be made into a highly sophisticated undertaking especially by large corporations, its easy to do when done for a new or small owner operated-business.

Essentially, you will be committing your plan to paper.

 As you do so your thought will become more formal and concrete and this will tremendously assist you in the development of your business.







If you are considering to obtain financing for your new business either through a bank or the SBA, a formal business plan will be a necessity.

Home-operated businesses will have a much more difficult time in obtaining financing.

As in all undertakings of life from birth to death and beyond, the IRS will be there to watch over you.

Almost all small, home-based businesses will start out as "Sole Proprietorship."

 This legal status is best for ease of handling and for tax benefits.

Your net business income or loss becomes an addition or deduction to other income declare at the end of the year.

Careful record-keeping of all business revenue and expenses is a must.

Keep a separate business checking amount for your business.

Do not intermingle business and personal expenses.

Other special tax benefits and regulations apply to home-operated businesses.

You should obtain professional advise from your tax adviser.

Insurance

One disadvantage of being self-employed is not having health and disability insurance.

You may also need liability insurance.

Your homeowners insurance covers your belongings in your home, but it may not cover all business inventory and equipment.

Check with your insurance agent to make sure you have the right coverage.

Best Wishes.

An Idea Of Free And Cheap Web Space Options For The Thrifty At Heart

There are some good deals on the internet concerning web space and hosting but you have to look to find the best deals.

You should also consider how long a provider has been in business.

Finding free web space on the Internet is simple.

All you have to do is use a simple Web search (Google, Bing or Yahoo) and the results should bring back options for free web space.






There are many individuals and businesses looking for a place to put their website without having to pay for the service.

These free services can provide anywhere from 5MB to 100Mb of online web space for hosting your web site.

Free sites also come with some cool stuff, such as counters, guest books, virtual domain names, tracking logs, blogs, copy and past scripts that are usually Java code scripts and more.

These additions are good for people that have little or no knowledge into building a web site.

A free service provides benefits to all people and may sound like a good idea but the goal is to do your research to see if the deals are viable or not.

Free services can also bring other unwanted things that you have to deal with when you sign up for the service.

Usually, you have to submit to advertising and surveys by filling out a form before you can get your free service.

Be sure that you read the user agreements that come with the free services.

You can go on the cheap and don’t want advertisements running on your site, you can get a service similar to free hosting but you would have to pay a small fee to keep your web page ad-free.

Some of these providers will offer you a service for $2.95 a month with 100MB of web space if that’s all that you need, and you can always upgrade your packages.

There's a lot of competition for your Web site hosting dollars, and you can find some pretty good deals if you look hard enough.

All The Best.