Why you need a home-based business and how to start?
Oh, yeah. You heard that right. I'm literally inside a home and I have a home-based business
and I have businesses based in offices. But there are so many benefits to a home-based business.
I'm going to tell you what they are and how to start. Let's go.
I'm going to share with you my straightforward no-fluff ways to start launch and grow a
home-based business. I'm going to share with you 5 hidden ways to make and keep more of the money
that you have from your home-based business. And last but not least, I'm going to share with you
my dirty little secret on how to make double what most people make with their home-based business.
So, like I said, there are just so many benefits to a home-based business and I have afforded all
of them and I've learned even more. One of the major things that you get with a home-based
business is you have a business that you can work at from home. Meaning, you don't have to drive to
an office, you don't have to commute anywhere. Additionally, you have lower overhead costs.
Obviously, you already live in your home or in your apartment or wherever it is that you live
and now you can turn that place that you live into a place of business and start making money there
without ever going outside of your home. This will give you additional tax write-offs that you could
never even imagine. Home-based businesses are mentioned so many times in the tax code. and there
are so many write-offs that I don't even know all of it. My accountant tells me about different
write-offs every single year and I start making and keeping more of the money because we learn all
of these tax write-offs and all of the expenses that can be written off because of the business.
So, let me give you just a few, because again, the benefits are so many. When you have a home-based
business, you now can write off pretty much everything in your life that you already do and
need. For example, most of us have a cell phone, right? Well, now, your cell phone is a business
write-off. And in fact, you can even put your cell phone in your business's name. And that way, it's
an account for your business and even a tradeline helping your business credit. Additionally, you
can write off a portion of your home. If you have a home that you own and you have a mortgage on it,
literally you can write off a portion of where you work as an expense. You get to write off
your meals, your travel, your car, depreciation, advertising. There's so many different write-offs
from a home-based business that are going to allow you to keep so much more of the money
than you ever thought possible. I used to work a job. Many of you guys know I worked in corporate
America for nearly 20 years in mortgage banking. I worked at Bank of America, Wells Fargo, Chase.
All these different banks. And I always had a home-based business on the side.
Now, not to the level that I have now because I've taken my home-based business and taken it to the
next level. But one of the reasons why I was able to transition out of working for someone else into
my own business was because I had a home-based business. So, let's keep going because I want to
tell you how to do this. It's mind-blowing. So, it's really easy to start a business,
a home-based business. You're going to need a few simple things. I have made an entire
video that teaches you how to start a business from scratch. I will make sure to put a link
here and in the description box so that you can watch that entire video and that entire playlist.
But I'll give you a quick summary. You're going to need a business license of some sort if you really
want to do this and get all of the write-offs that Noelle is talking about. Now of course,
you do not have to do these things. In fact, if you have a business and you're truly running it,
the tax code does not require you to do all of this. But I am not a tax advisor,
I'm not an attorney, I'm just telling you what I did and how I've been advised. And what I do. So,
I got me an LLC. Now again, you can get an LLC, limited liability company registration. You can
get an S Corp, you can get a C Corp but you want to get your business registered with the state,
okay? The secretary of state. You also want to get an EIN number. Again, absolutely free from
irs.gov. Then you want to get a professional email, a professional phone number and a
professional website. Super easy to get those 5 things. And the reason why I'm telling you to
get those 5 things is because I'm gonna teach you how to unlock business credit. And business credit
is what will take your business to the next level. Just imagine if someone gave you right now in your
business's name $100,000 and it's not reporting on your personal credit, what could you do in your
business? Could you buy more inventory? Could you send more ads? Could you actually have a business?
Alright. So, this is why you want to do these things. If you get those five things you can start
unlocking business credit before you ever actually have a physical location for your business. You
can even get what I call a virtual address so that you have a real business address that is not your
home address. I stress I had a home-based business but I did not use my home address, okay? I did
not use my home address. I do not want people to know where I live and come knocking on my door.
Again, a home-based business can have a virtual address. I'll also put a description... A link
in the description box to some virtual addresses. But again, simple stuff. And again, this is how
I unlocked hundreds of thousands of dollars in business credit and how I keep most of the money
that I make because I'm able to write off all of my expenses and I have a great accountant that
helps me write off certain things and still make a great amount of money in the process.
Another awesome thing as a bonus that you will need to unlock a ton of business credit in
hundreds of thousands. Again, you can easily get $100,000 between your business credit cards and
a couple of loans. But I have millions of dollars in business credit and the way that I did that is
making sure that I also have a business checking account. I'm going to give you a link to NorthOne
bank. They are a virtual bank that you can go to and open up your business checking account
in less than 3 minutes. Once you have 3 months worth of business bank statements, I have lenders
that will lend 10-20 thousand dollars to your business with no personal guarantee
and with bad credit. Again, having a business and being a business is absolutely amazing. I
wanna make sure that you know all of this because this is truly how you'll change your financial
situation. It's definitely how I changed mine. So, there you have it. Now, you know exactly why you
need a home-based business. But make sure you go to north one bank and get your business checking
account. Again, super important and so easy to start getting funding in your business's name
once you have three months worth of business checking account statements. Make sure you
check out NorthOne. I wanna make sure that you have all of the resources, all of the tools,
and all of the knowledge that you need to be successful. This is Noelle. To your success.