Direct Sellers Guide to Financial Prosperity (Perfect Bound Book)
This easy-to-read book is written by a Chartered Accountant (CA) with a sense of humour and a wealth of experience in dealing with business owners and managers. It is designed to assist a direct seller in achieving financial prosperity.
What is a direct seller? Simply put, it refers to anyone who sells an exclusive product to purchasers without the use of a retail establishment. Avon or Mary Kay cosmetics, Usana vitamins, or Amway all fit into this category.
All direct sellers are interested in financial prosperity. In order to stay afloat, there are two challenges that direct sellers--like any small business--must contend with: making money and staying out of trouble. This book on financial prosperity is intended to give you, the direct seller, the tools you need to meet these challenges head on. While you will still require the services of an accountant, this book will help you learn the basics and ultimately save you money. You'll be better informed when you first meet with your accountant and know which questions to ask.
As a self employed person it is up to you to learn what you need to know to run your business. Whether you're just starting out or you've been at it for awhile, this book will give you a leg up, informing you of the tasks you need to perform as required by government and also the perks of being a self employed person when it comes to your taxes. You'll never have to say: "Gee, I wish someone had told me that sooner," again.
Staying Out of Trouble with the Government Saves You Money
Financial prosperity depends on staying out of trouble with the government. Being aware of your filing requirements for income tax returns, tax instalments, and employee related forms should enable you to pay the least amount of penalties and interest. Every business wants to pay the minimum amount of income tax. Learn how to deduct all of your eligible expenses and you will have improved your chances of financial prosperity.
Find Out If Your Direct Seller Business Should Be Incorporated
The decision about whether it is time for your direct seller business to incorporate is only made once. The information in this chapter helps you to be sure that incorporation is appropriate for your personal situation.
Don't Get Ripped Off
Be aware of the risks in managing your business and put the controls in place, as your business grows, to reduce the risk to a level you find acceptable. Don't wait until you discover a theft to decide it is time to have some controls!
Financing
It takes money to run a business. This book will tell you where you can obtain the financing you need. Find out if you should be looking for investors or lenders.
Financial Management
Learn why good bookkeeping will help save you money and time. An added bonus is that at tax time, your books will already be in shape and ready to take to your accountant.
Have Enough Cash Flow
The recommendations from this chapter will improve the actual cash flow for your business. Learn how to speed up the money coming into your business and slow down the money going out. |