Tag: common questions

There are 9 posts tagged as common questions.

What’s The Difference Between an Accountability Partner and a Coach?

Accountability partners can be absolutely powerful! And coaches can help you shift to a whole new level! But what’s the difference between an accountability partner and a coach? And how do you know when it’s time to use one or the other?

Sara Carter is a certified coach who helps people get out of debt and grow financially. Yet she helped me get down from a size 16 to a size 10 in less then a year’s time. She’s not a weigh loss guru or a personal trainer. Far from it! She needed to lose weight herself!

Here she and I talk about the difference between an accountability partner and a coach and how to choose one at the right time in your life when you need to move forward.

The Source of Wealth Radio

Here is an interview that I did on how to turn your idea into a business with Gwendolyn Green of Source of Wealth Club. She teaches people how to build wealth blogtalk radiothrough real estate. However on her Blogtalk Show she talks to people who offer powerful information on how to build wealth in different ways.

I, of course, talked about building a legacy by staying home with your children and turning your idea into a business; a business that is centered around your purpose and passion.

It was a fun interview with Gwen “dropping a beat” every time she thought I said something profound, LOL!  I discussed in particular:

 

  • How to set realistic goals as a mother
  • What steps you need to take when you have a business idea
  • Why, as a mother, you need to be awake, alive and alert in the raising of your children
  • How to take responsibility for the direction of your life

It’s a long interview and she doesn’t introduce me until 8min into the broadcast but it is INSPIRING and INFORMATIVE! And if you want to learn how to turn your idea into a business it’s worth listening to. Copy and paste this link:

http://www.blogtalkradio.com/greenmoney62/2011/07/29/the-source-of-wealth–from-rags-to-riches

or click the link

Listen to internet radio with greenmoney62 on Blog Talk Radio

 

 

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How to Spot Work-at-Home Job Scams

This article is  By John Rossheim, Monster Senior Contributing Writer

Who wouldn’t want to work from home on a part-time basis and earn thousands of dollars a month? It’s an offer millions of people can’t or don’t refuse. Unfortunately, some of these folks eventually regret having done business with a so-called work-at-home employer.

“It’s hard to distinguish legitimate work-at-home programs from people who are just out to get your money,” says Sheila Atkins, associate director of public affairs for the Council of Better Business Bureaus in Arlington, Virginia.

With that caveat in mind, use the following tips to steer around the hazards of finding work-at-home employment.

Likely to Be Legit

Some occupations and industries are much more likely than others to offer real opportunities for at-home work.

“A lot of legitimate companies are using home workers to take orders over the phone,” says Cheryl Demas, author of It’s a Jungle Out There and a Zoo in Here: Run Your Home Business Without Letting It Overrun You. “Some employers also employ customer service reps who work at home.”

Scam-Ridden Occupations

Other lines of at-home employment deserve a higher level of skepticism. It pays to examine the economics of the work you’re being asked to do.

Envelope stuffing is a classic example of a business that may not be for real. If you were the employer, why would you pay someone $1 or more to stuff an envelope when you could job out the task to a mailing house for pennies apiece?

At-home assembly work is also highly suspicious. If these companies were legit, why wouldn’t they be using offshore labor at a fraction of the cost?

And then there’s medical billing or claims processing. “Very few medical professionals will let just anyone handle private medical info,” says Atkins, especially with new healthcare privacy rules in effect. “Most doctors will not outsource billing services to individuals,” but rather to large, established companies whose workers are trained and employed on site.

The so-called refund recovery business was big in 2003, says Atkins. The scammers offer to sell you software to track late and lost UPS and FedEx packages and assist the shippers’ customers in obtaining refunds. The shippers say these refund recovery schemes are bogus.

In general, beware of work-at-home employers who ask for your money up front. “Legitimate employers pay you, not the other way around,” says Demas.

Time to Sleuth

If you think you might have identified a legitimate work-at-home job, it’s time to do some detective work. Here are three trusted stops for your gumshoe route:

  • The Better Business Bureau (BBB) maintains a national database of companies and complaints received about them. If BBB rates your prospective employer “unsatisfactory” or says the company has declined to answer requests for information, find another opportunity.
  • The Federal Trade Commission (FTC) goes after individual work-at-home scammers. Search the site for press releases or other information on any employer you’re considering.
  • Fraud.org should be able to inform you of civil and criminal complaints with respect to your prospective employer.

Questions to Ask

Legitimate work-at-home employers should be willing and able to answer a variety of questions about their programs. Here are some questions the FTC suggests you ask:

  • What tasks will I have to perform? (Ask the program sponsor to list every step of the job.)
  • Will I be paid a salary, or will my pay be based on commission?
  • Who will pay me?
  • When will I get my first paycheck?

Finally, if the work-at-home employer passes all these tests but you still feel a bit queasy about the offer, trust your gut and run the other way.

For more information on how to stay safe in your job search, visit Monster’s Security Center. You can also check out LooksTooGoodToBeTrue.com.

Incorporating-Making Your Home Business Legal

Here in part 3 of Making Your Home Business Legal I’ll explain the differences between a “S corporation” and a “C Corporation”. Make sure you check out  Part 1 to understand the many state & federal regulations for legalizing your business and Part 2 for the pros and cons of the different types of ownership.

If you decide to classify your home business as a corporation you can go the traditional route of a C corporation; or you can classify your home business as a S corporation. Small businesses usually chose the S corp.

Whats the difference between a S corporation and a C corp?

They are very similar except in the way of taxation. With the S corp the profits and losses are passed through the corporation onto you, the owner.   You in turn report the profits or losses on your income tax returns.

With the C corp the Corporation will pay taxes on its profits and then the owners or shareholders (you) will report money received from the corporation (in the form of salary or dividends) on your income tax returns.

So which is better for your home business, an S corp or a C corp?

That depends. Some states don’t recognize S corps and some states will tax an S corp just like a C corp. So you must do your homework.

And get advice from a business law attorney. And preferably one who has experience dealing with small businesses. (I always tell my clients to niche themselves and here is a perfect example beneficial that could be for you. People with a small niche seem to know more about their clients needs.)

In what state should you incorporate?

Since the 1920’s Delaware has been a popular state to incorporate.  I remember with my first incorporated business I choose Delaware.  I didn’t know why or how it benefited me. Duh! It didn’t. It’s best to incorporate your business in your home state.  The reason that Delaware has been so popular as an incorporating state is:

  • It often revises it’s corporate laws.
  • The legal system is very attentive to corporations. Delaware has a special court, called the Court of Chancery. On the benches sit judges who were former corporate lawyers. Their expertise tends to be beneficial for the corporations that find themselves in a lawsuit.
  • There is no income tax on corporations that are organized in Delaware but do business in another state.

All 3 of these points are advantageous for large corporations, not home business. Incorporate in your own state.

(Now Nevada and Wyoming are becoming popular places to incorporate because they have no corporate or personal income tax and they don’t share information with the IRS.)