The tough economic times may be continuing for a long time. There are many people out of a job, and many corporations are hurting. The depression may make everything seem grim, but there are some things you can do to ease the burden. This article has great advice for handling the “Second Great Depression.”
Get receipts from lunches with colleagues and prospects, because you can deduct expenses such as these at tax time. These meetings are legitimate expenses for your business. When doing this however, make sure to only do so with business associates or customers, because taking your kids to lunch and claiming a business deduction is not smiled upon by the IRS.
Plan for periodic breaks when working from home, but don’t allow yourself to become too preoccupied with what’s going on in your household. Don’t call people up or get involved in a big home project. This will take you away from your business. Keep your body and mind fresh by taking breaks to do other things such as exercising or going for a short walk.
Create a schedule that separates your personal time from your work time, and stick to it. Set a time of day when you will cease to accept business calls. Allow plenty of time to spend with your family and friends, as well as time to relax and pursue your interests.
A PO box is crucial if you are trying to start a home business. Don’t put your home address on the Internet if you don’t have to. You’ll be protected from people who might not have proper intentions.
A separate business checking account is a way to keep track of your company’s financial transactions. Get in the habit of sending everything to this account. It’s the best and most accurate way to keep track of your business’s activity. The credit card you use to make business purchases should be separate as well.
Select a name for the business that is special to you. Start by purchasing a domain name for your website. Most domains are fairly inexpensive, and it is a good idea to establish one as soon as possible. Even if you are not yet ready to launch your website, list your business’ contact information on the home page.
As previously stated, the current economy isn’t in good shape. This could be the answer to all your financial problems. It is people like you that will help this country bounce back from these recent economic setbacks.
There are tremendous opportunities for small businesses and social entrepreneurs to support their communities through community foundations, donor advised funds and other means of giving back. Find the neighborhoods in
Hartford, Connecticut where you can make the most impact on the health of the community.