It seems that some business people always seem to be prosperous and successful and are able to easily attract clients and more revenue? While other business people seem to struggle constantly and despite their hard work and sincere efforts, they do not prosper and are not successful. Did you ever wonder about why this is true? Could it be an attitude or mindset? Your Strategic Thinking Business Coach recalls from several past books, seminars and workshops that the attitude or mindset one has toward his or her business plays a very critical role in the level of success in that business.
So how can we describe this mindset, which is an intangible thing? Perhaps, if we think about some positive characteristics we see in those we consider to be prosperous and successful, we can develop a mental picture of the attitude or mindset of successful people. Your Strategic Thinking Business Coach offers the following list of ten (10) characteristics that are common among successful business people.
Successful business people:
+ recognize and accept the value of their business and themselves
+ define and trust what they believe is their purpose in business and life
+ visualize and focus on positive outcomes in their business and their life
+ maintain a work and personal life balance
+ develop and maintain a support system of people with similar mindsets
+ maintain a level of self-confidence about their business and personal plans and actions
+ maintain a keen awareness of their vision, mission and goals for their business and their life
+ seek outside advice
+ recognize and admit their limitations
+ exhibit their passion in what they do in their business and personal lives
Category: ‘Business’
10 Common Characteristics Of Successful Business People From Your Strategic Thinking Business Coach
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Maximize Small Business Tax Deductions and Tax Credits For 2009, 2010
Owning a small business can give you an edge at income tax time, if you are armed with as much information about business tax credits and deductions as you can.
Since small business owners are three times more likely to be audited by the IRS than a non-owner, it is very important to have accurate information, and to make sure you qualify for the credits and deductions you are claiming.
This article will touch on a few tax deductions available to business owners.
What deductions can you safely claim? You can claim business tax deductions on things that are reasonable and necessary to run your business. This could include your home office, office supplies, furniture and equipment, mileage necessary to operate your business, travel, dinner and entertainment expenses.
It can also include real estate tax, mortgage interest, depreciation costs, insurance, rent, security systems and utilities and services like phone, internet and garbage collection. Health insurance cost and liability insurance costs may be taken as deductions.
With this many items or more to think about, it is important that you have the most recent and accurate information about small tax credit and deductions.
It is also important to know about self-employment tax as your obligation for contributions to social security and any real or potential retirement contributions to a SEP/IRA. There is help for you.
Since I know that as a small business owner you are independent minded and like to do things on your own, you may find an on-line small business tax preparation program helpful. Such a program can walk you through all the deductions and credits, so that you will know when you file that you have taken advantage of all the credit breaks you deserve, and have met all the qualifications required by the IRS.
You want to feel that if you are one of the “three times more likely”, that you are in the best possible standings you can be for that audit.
Owning a small business can be rewarding and give you a break at tax time. Make sure you have as much accurate information about small business tax credits and deductions that you can. An on-line tax preparation program may be just what you are looking for to keep that edge.