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Informative Articles

LLC vs S Corporation: Which is Better?
"S Corporation or LLC?" is a common question for new business owners. I have several people call me each week asking this. I always tell them the question is impossible to answer. And here's why. An LLC is chameleon for income tax...

Profits with rental properties
So you are interesting in becoming a landlord? Investing in rental properties can be an exciting and very profitable business. Not only can real estate provide current income through rental property but it also can increase your personal wealth or...

Sole Proprietorship
There are several forms of organization for a business; the most common for small business is the sole proprietorship. In this article we're going to define the sole proprietorship, and look at the advantages of operating a business in this...

US Bank Account For Non Resident Aliens
NRA or Non Residents Alien is a widely used term, which refers to the non-US citizens, having no residential base in the country. It is generally put in to the use by the country's banking sector. Why does a NRA require a US account? Let's...

VAs - Your Secret Weapon
Probably the biggest problem with being a small business owner is right there in that phrase. Small. Small means few or no employees. Small means you end up doing most, if not all, business tasks yourself. Whether or not you're any good...

 
Let Someone Else Do It!

When you decide to become self-employed, you automatically become the “Chief, Cook, and Bottle Washer.”

In other words, you do it all.

You do the bookkeeping, buy the paper clips, market your business, and you even provide your business's product or service.

But you are better at some tasks than others and there are some tasks that you just hate to do.

Fortunately, there is someone out there who likes doing what you hate-or what you do poorly. And, for a fee, they'll be happy to do it for you.

The payoff? Your productivity increases and you have more time to do the things you enjoy.

Most people will quickly hire an accountant or tax preparer to prepare their taxes if that is an area in which they have little expertise.

That payoff is obvious. The work is time consuming and tedious for most non-tax people. A competent tax pro will get the job done quickly and efficiently. Best of all, in an area where the consequences for getting it wrong can be huge, his expertise will ensure that the job gets done right.

Then there are additional benefits. If there is a problem, many will represent you before the tax authorities. And your tax pro can advise you on tax questions and strategies.

So the money spent is a bargain and the decision to hire his services is easy.

The same logic applies to other areas. If you find it difficult to write good copy for the postcards and letters you use for your direct mail campaigns, consider hiring a copywriter.

If you hate keeping your books, hire a bookkeeper. Or at least buy decent accounting software and hire someone to help you set it up properly.

These days, virtual assistants can work on specific projects or handle everyday mundane tasks. And you won't even have to carve out a place in your bedroom home office for them.

And if there is too little money available, a business consultant can help you grow your business.

The money spent will more than repay itself in greater time for you-and a better bottom-line.

About the Author
Ellen Zucker has been self-employed for over 10 years and owns the web site http://www.selfemployment101.com .

Self-Employment 101: It's about making a living and creating a life! ... Observations, information and resources for those of us who are self employed or just thinking about it.

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