Ten Business Strategies That Would Change Your Financial Life Forever

There are special rules for business owners and entrepreneurs. It is advisable to join the ranks of entrepreneur  and business owners and change your lifestyle forever. Here are the ten strategies. Think about them. Put them into practice immediately. As you can tell, I am a strong advocate for setting up a business and there are ample compelling reasons for that.

1. Start A Small Business: It is very easy to start a business for less than $100. You can incorporate the business later and enjoy a lot of benefits that include tax advantages, asset protection, profit, etc.,

2. You can grow you asset column by generating enough income and acquiring more assets. As somebody said "The asset column has no glass ceiling".

3. Deduct your vehicle expenses for business purposes. You are already driving your car aren't you. Make it tax deductible.

4. Deduct your communication gadgets - your telephone, iphone, ipad, website etc, all are deductible if you use them for your business.

5. As a business owner you can deduct the cost of your books, periodicals that you subscribe, because all these things are necessary for the small business entrepreneur.

6. How about business training? There are a lot of fine business seminars and trainings available. Take advantage of them because they are all  tax deductible!!

7. List all your assets and skills - be clear on what you have to work with- cash, stocks, bonds, life insurance etc, - writing abilities, communications skills etc., strategic thinker etc.,

8. Know your Net worth - the difference between your assets and your liability

9. Set an income goal so that you will know when you have arrived. "All the wealthy people I know only started making money after they set themselves a financial objective and a time period in which to achieve it".

10. Take Action. Entrepreneurs take action without having all the answers. "Winners make decisions quickly and change those decision very slowly if at all".