Starting your business

Everyone seems to be somewhat aware of the numerous deductions they can make for having a home-based business. But, how many people are aware these deductions can be applied to their employment income? And even if they are aware, how many people realize they can start their business for as little as $500? It’s true! Canadians pay among the highest personal tax rates in the G8, and the highest in North America. Little wonder that so many Canadians should feel they are paying too much, and wonder what they can do to legitimately reduce their tax bill.

When you have a small business, it isn’t easy to decide how to price your products and services. There will always be other businesses that are at both ends (high and low) of the pricing spectrum, and sometimes their prices will be same as yours. Small business owners often fall into the pricing trap, and commit some serious mistakes in pricing their products or services.

The first time I left my job to begin an entrepreneurial venture, I was ready. I had money and a business plan. What else did I need, I thought? I gave notice to my employer and to my surprise, fear set in immediately. I didn't leave my job…that time. I realized that while I prepared externally, I didn't prepare internally – emotionally, mentally, physically and spiritually – for this life transition.

Have you noticed that some people are impossible to talk to? They even seem to stop listening even before you start talking? Do you dread approaching them to give or share information? Have your efforts to initiate friendly dialog fallen on deaf ears and stony faces? Improve your chance for conversational success by considering the followinten factors before starting your next conversation.

No one likes rejection, but at some point in your business, it is bound to occur – you didn't land the contract, the person didn't call you back or you didn't make the sale. While it is hard not to take it personally, one option is to take it creatively. When you step back and review the situation, there may be some important lessons to be learned on how best to promote yourself and your services next time.