Don"t Be An Employee. Start A Business
You have to take a lot of risks when you're starting a business. You might have to lose a little bit of cash, you'll probably regret parts of it afterwards, and might even completely fail. All this risk does come with rewards.
Tax Advantages
The tax advantages while owning your own business come from tax deductible purchases for your business. A good example would be the business vehicle. Your new car will cost thousands of dollars less if you use it right. Regular employees don't have that privilege. As you learn more and more about the system you can almost completely eliminate your personal expenses. Even if you buy yourself a brand new home you can deduct a portion of it for your office. The furniture for that business will then become tax deductible. The tax advantage means that all you need for your business costs a large percent(10%-25%) Less. Why would anyone pick employment.
Big Payoff Is Possible
When the company you work for gets a big payday, do you get part of it? Maybe a small bonus or raise. That's chump change compared to what they're getting. Those are the days business owners wait for. When you own your own business, you open yourself to the possibility of big paydays. You can have the company run with almost no input from yourself and still benefit from the big paydays. Some might think the risk isn't worth that. But consider the best case scenario vs the worst case scenario. Your worst case: You lose your investment and your LLC files bankruptcy. Best Case: $$$$$.
Safety
If you think that you have job security then I'm sorry to inform you that the world has changed. Your job is just about as secure as the amount your boss likes you. Then you have to consider how secure is your boss's job. Relying on a company is least effective way to gain security. Relying on yourself is the more effective. When you own a business, you have many bosses, and many sources of income. If one source of income dries up for any reason then you can always live off of the others until you find a new customer. That is true security.
Love Life
I could have made that one line this whole article. You only have so long to live. Never forget that everyday you waste doing what others want you to do you can't find what really makes you giddy to wake up in the morning. Jumping out of the bed every morning to do something you love is a privilege. Employment is, unfortunately, often a chore. Quit your job and start a business you love.
It's certainly not easy to start a business. Being an employee is even worse. To start a business or to work for someone else comes with risks but it should be an obvious decision. When you start your own business, you open doors to opportunities an employee couldn't even imagine. Make yourself happy; Get safety; and take some chances.
Tax Advantages
The tax advantages while owning your own business come from tax deductible purchases for your business. A good example would be the business vehicle. Your new car will cost thousands of dollars less if you use it right. Regular employees don't have that privilege. As you learn more and more about the system you can almost completely eliminate your personal expenses. Even if you buy yourself a brand new home you can deduct a portion of it for your office. The furniture for that business will then become tax deductible. The tax advantage means that all you need for your business costs a large percent(10%-25%) Less. Why would anyone pick employment.
Big Payoff Is Possible
When the company you work for gets a big payday, do you get part of it? Maybe a small bonus or raise. That's chump change compared to what they're getting. Those are the days business owners wait for. When you own your own business, you open yourself to the possibility of big paydays. You can have the company run with almost no input from yourself and still benefit from the big paydays. Some might think the risk isn't worth that. But consider the best case scenario vs the worst case scenario. Your worst case: You lose your investment and your LLC files bankruptcy. Best Case: $$$$$.
Safety
If you think that you have job security then I'm sorry to inform you that the world has changed. Your job is just about as secure as the amount your boss likes you. Then you have to consider how secure is your boss's job. Relying on a company is least effective way to gain security. Relying on yourself is the more effective. When you own a business, you have many bosses, and many sources of income. If one source of income dries up for any reason then you can always live off of the others until you find a new customer. That is true security.
Love Life
I could have made that one line this whole article. You only have so long to live. Never forget that everyday you waste doing what others want you to do you can't find what really makes you giddy to wake up in the morning. Jumping out of the bed every morning to do something you love is a privilege. Employment is, unfortunately, often a chore. Quit your job and start a business you love.
It's certainly not easy to start a business. Being an employee is even worse. To start a business or to work for someone else comes with risks but it should be an obvious decision. When you start your own business, you open doors to opportunities an employee couldn't even imagine. Make yourself happy; Get safety; and take some chances.
