Home Based Business and Accounting

Well it would appear that there is always more work than expected getting a home based business off the ground.  Lately a good portion of my free time has been consumed getting the permitting, insurance, taxation and assets in order for the home office.

I set a good number of goals to be achieved in the last month.  Many of which I hit with no issues, but many others present some small problems along the way.  It seems as though many goals hinge upon completion of other items first.  Without following the chronological order of business, nothing gets done.

I have had a home business established for some time, but it was not run efficiently and operated with less than optimal productive income.  Going forward my goals and targets should bring a larger income to my personal accounts.

I have enlisted the service of Quickbooks Pro 2010 to move my business forward in a more productive fashion.  This software is very user friendly in many aspects.  As I move forward through the use I will post update articles outlining my success.

Overall, I wish I had gone through the process of setiing up the larger scale home business sooner, but better late than never.  I look forward to reaping the rewards.



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Til Debt Do Us Part

For anyone who hasn't seen this show, it airs daily on Slice and various other networks. The show presents a uniquely Canadian view on debt in general. The vast majority of the situations focus on the most common form of personal debt- consumer debt.

Basically a new Canadian Couple are the stars of each episode.  Generally they carry between 40 and 100 Thousand dollars of consumer debt (usually on high interest credit cards).  Gail Vaz-Oxlade shows them different methods for paying down their debt and gaining financial freedom using budgets, cash only, repayment schedules etc.

For anyone interested in Personal Finances, check out Til Debt Do Us Part. There are many interesting techniques and errors shown in each eposide, keeping the viewer interested and coming back for a new episode.



Heres a link to the
Gail Vaz-Oxlade
website for further information.

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Personal Finances

One line will sum this up... Treat your Personal Finances as a business.

Too many people have this laid back view of Personal Finances, Budgets etc. Quite simply, they do not take them seriously. Unfortunately I see this time and time again. Even people who operate a successful business will have Personal Finances that are simply headed, or already in, the red.

Take your Personal Budget seriously. Stick to it, and your financial goals. In many cases people have no idea what they spent their money on. If you treat things more like a business by keeping receipts, tracking money, and reviewing Personal Goals you will achieve success where many have failed.

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