May 05 2009
When the Business Costs You More Than You Earn
Venturing into a homebased business is a serious decision, one that requires careful planning and preparation. Unfortunately, many aspirants quit their day jobs and plunge into their home based business only to find that they’re actually not ready for the challenges.
To their dismay, some new business owners discovered that the costs in managing the business are even more expensive than what they earn. Let’s take a look at the following sample situations:
Example 1:
An image consultant charges $50 per hour for her services. But the costs on transportation expenses, taxes and daily living may prove to be way more that the $50 minimum earnings per day. Continue Reading »
