Your Questions About Best Home Based Businesses

Mary asks…

Indian desperate house wife….did you really have some business plan?

than just depends upon your husband to throw a few notes at you ? Does your in-laws allow you to work? or do you think home based business is the best solution for you?

Nagesh answers:

I think tats changed now look around it might help to change ur mind set

Ken asks…

Best way to manage my ebay sales for tax purposes? (bookkeeping / accounting)?

I am going to be staring my ebay business back up selling used motorcycle parts, but I need a better method of recording sales, expenses, etc. Before I was using some simple excel forms I had made but it was too unorganized… What is the best way to keep track of all my numbers so that when it comes time to pay taxes I won’t be screwed? This is a small home based business but I want it to be considered a legitimate source of income that can be used when trying to buy a new car or get a new apartment. I eventually want to take an accounting class but is there some simple and obvious way of doing this? Thanks!

Nagesh answers:

I have been selling on eBay for 9 years. I have found the best software to use is Quickbooks. The newest version is quite expensive, but you don’t have to get the newest version. I have been using the same Quickbooks version for the past 7 years. Look on eBay for older versions and you should be able to find some for a reasonable price.

Joseph asks…

What Part of Austin Texas is the Best as far as business as well as Residential.?

I am looking to rent Possibly to owna Residential/Office for a Home based Massage Therapy Business.
The Name of my Massage Clinic is

Zen Garden
“Mind, Body, And Spirit Essential Bodywork and Massage”
Austin Texas is going to be the Home of This business if I can find a Suitable Property, in a Great area of Austin Texas.

I am Looking for a Three Bedroom, with a Garage,Separate Office space, Or Den that can be converted into a Office, two Bathrooms, With some Utilities included, as I only have a Budget of $700 Per Month, Including the Initial First months and Deposits, which I hope is no more than $700(Including Pet deposits and cleaning),

Nagesh answers:

3 bedrooms? $700? In Austin? No way.

Charles asks…

What kind of investment company is right for me?

I’m doing well in stock market, I would like to open an investment company (home base business). There are many options, but I don’t know which one is the best for me.
I live in Pennsylvania; I also look for something that allows me to deduct the most from tax.

Nagesh answers:

Well Ameriprise and LPL are good options, however you can’t just open a investment company with out having the appropriate certification and licenses. Depending on what types of services you will be offering at minimum you will need to because a registered investment advisor to charge a fee for service. If you tend to sell advice you will need to get NASD licenses either 6 or 7 as well as a 65.

It would be helpful if you provided some more information on what exactly you are planning on doing though.

Ruth asks…

I’m putting a booklet together but need some advice.?

I;m planning on putting a booklet together for Home based businesses in this area. Is it best to charge the advertisers or to sell the booklets to people interested in having one. I was planning having them made and putting them out for free and using the money from the advertising costs to help pay for the copies, but I cannot make a profit like this, I do not think. The cost for printing booklets is so high.I thought about not charging the advertisers and selling the book for about $5. That way, I would have fewer copies to make and it would be ongoing. What do you think.

Nagesh answers:

I would sell the advertisement spaces to the business that needs then make them all different sizes so they will have different prices which can suit the business budget find out how much it will cost you to have it ready for delivery , Divide the prices up to get your price for the spaces you sell ,to cover all costs.workout your sales pitch start small then as you make money put that back into your business to get bigger and better with each edition good luck.don’t over capitalize yourself.

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