Create An Empire From The Comfort of Your Home Business

 It was several years ago when I read a Success Magazine article that centered on Brian Tracy, a professional development expert. After reading the Brian Tracy article I began structuring my business to lead it like he does.

So why on earth would anyone want to become an entrepreneur and lead a business out of their home office? What an interesting question and I will explain why leading a home based business is the way to go.

First of all, one must know what business they plan to lead from their home office, for example if you are a public speaker, author, coach, trainer, consultant, internet marketer you are a good candidate for leading your business from home.

Be mindful when you establish your business structure, you need to ensure you have the proper structure for your home based business, such a sole proprietorship, limited liability corporation, partnership or other structure. You will know what is required of you by simply getting on the internet, conduct a search for the state you live in, county and local government.

For example, you will need to file for a business structure and company name so the federal, state and county and city government will know how they are going to allow you to operate a home based business, pay taxes and assess taxes on business equipment you purchase for your operation.

One of the primary reasons for leading a home base business is because it cuts down on over head. If one is to lead a business, they need a place to manage their business and typically they will lease office space to accommodate staff if they have them and for meetings with clients.

A home based business removes the need for a brick and mortar oriented office space, thus one can operate their business in a more nimble and efficient manner. Another advantage of a home based business is the efficiencies of operation, meaning you have a short commute and can communicate with clients by phone, e-mail, Skype, texting or by letter which is the same thing people with leased space do.

Another advantage a home based entrepreneur has is tax write-offs. In other words, the work space in your home office can be written off on you taxes, equipment such as computers, phones, copiers, ink, stamps, envelopes, headsets, paper and a post office box or UPS office box can all be tax deductions.

That's not all, you will have to pay tax on the business equipment which can be pro-rated each year. When you lead a home based business you can attend training in person or over the internet and deduct it from your tax, as well as mileage in support of your business, the key is to record it in a log which consist of a notebook or on a word document.

Nowadays with the economy being what it is, it is a good time to start a home based business because of the convenience of continuing to offer your expertise just as if you were employed by a company. Will it take work, absolutely because anything worth having requires work.

You can create an empire from the comfort and convenience of your home as long as you put systems in place to effectively lead your home based business. There is no time like the present to start a home based business, get a move on it today and you will be on your way.