The Last Hope for America is a Home Based Business!

Are you sitting there at your desk, in your cubicle
imagining what it would be like to have the time and
financial freedom to do exactly what you want when you want
to? Well, you are not alone. Most people are thinking the
exact same thing as they schlep through their day. The
question is HOW to actually make this dream happen?

The answer for many people is by working at home with their
own home-based business. There are several things to
consider. Say you made the decision you would like a
home-based business. Great, this is the first step. Next
you have to figure out what kind of business you want, and
there is no shortage of opportunities out there! It is very
important you get clear on what you want out of a business
and find an opportunity that matches with what you want and
can get excited about. It's pretty common sense, but if you
are not passionate about what you are doing or promoting,
your chances of success are not very good.

Next, it is important to do your research on the
opportunities you are considering. The reality is that most
of what you see are scams. There are so many good
opportunities as well, but for someone who is just starting
out in the home-based business journey, they have to be
especially careful. Find leaders and mentors who have
achieved the level of success you are looking to achieve,
and have them train you. Everyone who has ever made it big
in anything always had a coach or someone beyond where they
were to help them along the way. I don't care what you are
considering, if it is an area that you don't know much
about and want to improve in, it is essential you work with
people who are successful in this area to show you the
ropes.

The Home-based business industry is exploding and is just
going to get hotter and hotter. More and more people are
wanting to have the financial freedom and control of their
own time that working from home brings. According to a
recent article in Forbes Magazine, in the next 3-5 years,
there will be 79 Million Americans looking to start a
business...imagine that! That's a revolution if I ever
heard of one! We are seeing that we have to take control of
our own financial futures in order to live the lives of
freedom we know we deserve!

Here is the bottom line: 1. Find a real opportunity with a
rock solid foundation for long-term success. 2. Find
mentors and leaders who have achieved what you want to
achieve and who can show you step-by-step how to get where
you want to get. I guarantee you if you try and figure it
out on your own it will take you so much longer, and your
chances of success are pretty slim. 3. Be excited and
passionate about what you are doing, whatever it is,
because in the moments when it gets tough and things seem
impossible, it will be this excitement and vision that will
get you through. 4. Have FUN! Yes, it is going to be some
work, but it doesn't have to be a struggle...you are
building your life the way you want it to be, and if that
is not fun, then you are doing something wrong!

The whole idea of job security is a joke now. Many of us
are waking up to the reality that many our jobs are not
going to be around much longer. We are seeing that our
companies and our government is not going to take care of
all of our needs, like we once thought. Many of us are
waking up to the reality that we have to take charge of our
own economic future, because our companies or our
government is not going to take care of us. We will do best
by taking care of ourselves! How? By becoming an
entrepreneur and starting our own home-based business! This
is the major trend of where we are headed anyway, the age
of the entrepreneur!

There are many things to consider when looking for an
opportunity. Of course, you can always create your own, but
if you are like most people, you want to find an existing
opportunity that already has some momentum. It is important
that you do your due diligence and thouroughly research the
opportunity, because there are a lot of scams out there. It
is important you find something that you can get passionate
about as well as finding mentors and leaders who have
achieved what you want to achieve and can show you
step-by-step how to accomplish your goals.

By becoming an entrepreneur, you are taking control of your
life and financial future. Your results are dependent upon
you and your productivity. There will be no boss breathing
down your neck to get stuff done. You set your schedule,
and you control every aspect of your business. This is a
very exciting process, and can be a transition for some
people, because many of us are so conditioned with a job
mentality...we just wait for someone to tell us what to do.
Making this transition into becoming a self-sufficient
entrepreneur can take time, but is essential to thrive in
our changing economy and world.

If you haven't already, I would strongly encourage you to
find a home-based business that works for who you are and
what you want out of life. If you are working full-time,
find one you can do part time in your home hours. There are
so many benefits of having a home-based business that you
don't have as an employee. Specifically I am referring tax
structures, income potential of being a business owner vs.
an employee, control of your own time, being your own
boss...the list is endless!

GO FOR IT!

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Josh Liteky is an entrepreneur, lifestyle design
consultant, writer, and success coach who specializes in
assisting people live lives of complete financial and
health freedom. Visit his websites at
http://www.youramazinglife.net and
http://www.createyourfreedom.com

The Importance of Personal Growth in Business

I am - from the start a "READY GO" person so in the
beginning days of my network marketing business I felt that
the personal development component of a business, whether
network marketing or other any other, was not a helpful use
of time. I have done a 360º turn in what I am thinking now
about personal development. Let me explain why.

At first, I felt that far too many people "nested" in
personal development and never did the business. I was
just the opposite. I didn't do anything much in the
direction of personal growth. As my organization grew, and
grew very quickly, I discerned that not everyone has come
along the same path of development. People, all of us have
come to the business via different directions having come
from various career backgrounds. Many of those career
paths are not terribly rich in providing opportunity for a
person to develop and grow. We all need to be growing in
our journeys here on planet earth.

What I will tell you is that it does not build your
business to stick your head in a book or tap your toes to
the introduction music of the motivational tapes more an
hour or two tops per day. This is NOT income producing
activity. You need to be in income producing activity at
least 80% of your work week time. I have no more than five
suggestions in my "Leaders are Readers" section and then a
few more in the "Supercharge and Take it to the Next Level"
portion. I separate the two so new business coaches know
they can get started quickly with a short list in terms of
personal growth. On my short list is the following:
- Watch or read The Secret (www.thesecret.tv)
- Add these important books to your library and make it a
priority to read them...

o Think and Grow Rich by Napoleon Hill

o You Were Born Rich by Bob Proctor

o The 4 Hour Work Week by Timothy Ferriss

o The Power of the Subconscious Mind by Joseph Murphy

These are not in a particular order except one and two.
Listening to The Secret will greatly assist people in an
important mind-set – that of being in the state of
attraction. Don't feel you need to be able to do this
perfectly right away. It doesn't happen for most people
that way. We are a work in progress so give yourself
permission to do your work a little at a time. Whenever I
find my mind going to a negative I take a deep breath and
move myself to a positive state. So first is the mind-set
of attraction. Next I want my new starts to spend time
with Napoleon Hill in Think and Grow Rich where they will
immerse themselves and feel the importance of growing
themselves personally. I love the journey he suggests on
self-confidence early in the book. Do a team call on
confidence and focus on the portion of his writings.

The 4 Hour Work Week is the freshest piece I have read in a
long time. Readers will be highlighting and taking notes
on the perspectives and checking the websites Tim Ferriss
suggests. It will be a book to carry around with you as
you grow your business and choose to develop a lifestyle
only some people "dreamline". You Were Born Rich is just a
timeless piece from a highly respected mentor to so many of
us. Bob Proctor helped me understand that we are all born
with abundance and what we do with that is up to us. The
Power of the Subconscious Mind by Joseph Murphy will open a
new world to you in the way you use your own mind!

The privilege we have before us with a network marketing
business is what it allows us in relationships and the
development of individuals. DON'T be a gerbil on one of
those little tread wheels going round and round and never
getting on down the road toward your financial goal. DO
hold high the value of personal development. Plan to jog
your way through the short list and walk on to whatever you
choose to supercharge to the next level. Just make it as
easy as possible in the start up to begin your journey of
growth.

----------------------------------------------------
I have done a 360º turn in what I am thinking now about
personal development. Let me explain why.
http://www.powerof12online.com

Taxi Drivers Miss Out On Capital Tax Allowances

Capital tax allowances are allowances on fixed assets a
business may claim as a deduction from net profit to arrive
at the net taxable profit. If a taxi driver does not claim
the correct capital tax allowances in the taxi accounts
that net taxable profit and the income tax and national
insurance payable will be higher than it need be. Hard cash
lost to the government that they are not entitled to, your
cash.

A fixed asset is typically a piece of kit purchased by a
business that will be used by that business to generate a
profit over a period of time, perhaps more than one year,
as opposed to an item that is consumed within the financial
year. Items in the category of fixed assets may be plant
and machinery, fixtures and fittings, computers and
vehicles.

For most fixed assets the capital tax allowance consists of
an enhanced first year allowance in the year of purchase
and writing down allowance in subsequent years. This type
of tax allowance spreads the allowance of the amount spent
over the life of the asset rather than that item being
expensed in full in the year the purchase was made.

For small businesses the first year allowance is currently
50%, 2007-08 and in subsequent years the writing down
allowance is 25% of the balance. Special rules apply to
vehicles and of particular interest when preparing the taxi
driver accounts. These special rules certainly affect taxi
drivers many of whom will find they are not eligible to
claim the 50% first year allowance on their taxi.

Vehicles, including taxis are generally excluded from the
50% first year allowance and may not be claimed in the taxi
driver accounts. In addition the 25% writing down allowance
is restricted to a maximum of 3,000 pounds p.a. The writing
down allowance continues until the value of the vehicle is
written off for tax purposes or is sold.

When a vehicle is sold if the vehicle is sold at a price
below the written down value for tax purposes then an
additional capital tax allowance can be claimed in the taxi
driver accounts. The additional tax allowance is equal to
the difference between the price at which the vehicle was
sold and the net written down value for tax purposes. When
a vehicle is sold at a price above the net written down
value for tax purposes there is a deduction in the capital
allowances which is called a balancing charge and is equal
to the sales value less the written down value for tax
purposes.

Commercial vehicles are treated differently to cars. First
year allowances can be claimed against the purchase price
of vans that are deemed to be commercial vehicles. The
Inland Revenue website has a list of vans it deems to be a
commercial vehicle and the make and model of any van
thought by the owner to be a commercial vehicle should
check that vehicle against the list when claiming a first
year allowance.

The writing down allowance on commercial vehicles is not
restricted to 3,000 pounds. Capital tax allowances on
commercial vehicles is then the same as a typical piece of
plant and machinery whereby a 50% first year allowance can
be claimed in the first year with a 25% writing down
allowance in subsequent years.

The capital allowances act 2001 makes a distinction between
cars and qualifying hire cars. Cars are subject to the
restrictions on capital tax allowances applied to vehicles
while qualifying hire cars are not subject to these
restrictions in a similar way to which qualifying vans,
commercial vehicles are treated.

The definition of what constitutes a qualifying hire car as
opposed to a car is crucial to taxi drivers when the taxi
driver accounts are being prepared either by the taxi
driver or the taxi accountant. Simply using a car solely as
a taxi is not sufficient to avoid the capital allowance
restrictions. Using a vehicle which is deemed to be a
qualifying hire vehicle is sufficient to allow a first year
allowance and unrestricted writing down allowances to be
claimed in the taxi accounts

To comply with the definition of a qualifying hire car the
vehicle must be of a type that is not commonly used as a
private vehicle and would also be unsuitable for use as a
private vehicle. Hackney carriages, black cabs and
limousines fall into the category of a qualifying hire car
and taxi drivers using these types of vehicle may claim the
50% first year allowance and the 25% writing down capital
allowance in subsequent years in the taxi driver accounts.

Other vehicles used as taxis would not receive the first
year allowance but would be subject to writing down
allowance of 25% of the original cost in the first year and
a further 25% in succeeding years all subject to a maximum
of 3,000 pounds per vehicle per annum. In addition when
preparing the taxi driver accounts taxi drivers should note
that if the taxi is also used for personal use then a
further deduction in tax allowances is applicable according
to the percentage that the taxi is used for personal
business.

----------------------------------------------------
Terry Cartwright, qualified UK accountant, designs Taxi
Driver Accounts Software http://www.diyaccounting.co.uk/
with automated capital allowance calculations for Taxi
Drivers wishing to save money and produce the self
assessment tax return
http://www.diyaccounting.co.uk/taxi.htm