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Business Opportunities Versus Employment: Which Is Right for You?

When it comes to making a living, there are two options: being in business for yourself or being employed by a company or an individual. Of these two options, there is considerable latitude in what is considered being in business for yourself, especially if you take advantage of business opportunities. Some business opportunities so closely mirror employment, that many people mistakenly believe them ‘jobs.’ But business opportunities are not in this category. To understand the difference, read on as this article will explain in detail how things work with business opportunities versus regular employment.

Firstly, most business opportunities will require a person to fill out 1099 versus a W-2, which is the tax form used for regular employment by companies. Both types will alert the IRS that you need to pay your taxes, but 1099 does not allow for deductions as a W-2 does. When you use 1099, you must pay for your taxes on your own. It is one of the significant disadvantages of working with business opportunities, especially if you make a lot of money. To try to avoid problems, make sure you keep a close record of all your business transactions. Also set aside 35 percent of your salary for taxes. You can put this in a savings account so you can accumulate interest. Hopefully, you will have enough write-offs that you’ll be able to pocket your savings once tax time comes.

Secondly, most business opportunities do not offer ‘guaranteed’ 9-to-5 employment, as most hire you as an independent contractor. It is the case whether you are working business opportunities at home or in an office. If you must fill out 1099, you are in business for yourself. Anyway, some business opportunities offer such a steady stream of work that you not being hired as an hourly employee is not a problem. However, many others have jobs now and then. In these cases, you will want to try several sets of business opportunities, so you can always have a steady stream of work to support yourself.

Lastly, business opportunities tend not to offer health insurance. Granted, nowadays many ‘regular’ employers also won’t offer health insurance but being able to get some form of health insurance seems to be more typical with full-time jobs. With most business opportunities, you will not get health insurance no matter how many hours you work. However, there are exceptions, but they are quite expensive exceptions. In these situations, all that has happened is that the company offering the business opportunity has struck up a ‘deal’ with an insurance company. You are still paying as if you had signed up for the insurance yourself without the aid of a company.

In conclusion, the main differences between business opportunities and regular employment are found in the areas of taxes, work structure, and health insurance. Indeed, these differences may make some conclude business opportunities are not for them. For others, it may not matter as much because the freedom offered through business opportunities outweigh the disadvantages.

We hope this information was beneficial. You can have anything you want if you are enthusiastic about putting in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips!

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Work at Home Employment

Work at home employment is like a diet plan. And a plan is only as good as the one who made it, right? It’s true that work at home employment can earn you lots of money and offer you more benefits than you can think of – but only, if you follow the plan exactly as it was meant to be followed.

Take diets, for example. Diets only work if you adhere strictly to the portions and exercise regularly. If you do this, you can lose weight in no time at all. However, most people only use a diet program to reach a weight goal and then afterward, quickly go back to their unhealthy eating habits and stop exercising. The result is that they’re fatter than ever.

The same thing happens with work at home employment plans. If you’re considering finding work at home employment by engaging in a small business, find out how to run it first and do something. If you do all this, you will eventually succeed. Sure, your first try may fail. That happens a lot, but persistence is the key. Nobody can do things automatically (unless you’re a robot) and nobody can be successful overnight. Like diets, work at home employment plans needs effort on your part for them to work.

For work at home employment plan to work, you must have the right attitude, the right outlook, and the right state of mind. Avoid negatives. Avoid BUTs. Here are some BUTs that you might find yourself facing when considering a work at home employment:

* I don’t think I can succeed. Success takes time and effort for it to manifest itself. A good way to find out how to succeed in work at home employment is to observe what successful people are doing and copy what they do.

* I’m not disciplined enough. For you to succeed in work at home employment, you need some semblance of discipline. Think of it this way: If you are disciplined enough to go to work every day five days a week, then you ought to be disciplined enough to start your own business.

* I don’t want all that responsibility. You are responsible for running your household, aren’t you? Plus, you assume many responsibilities for your boss. You’ll be surprised at how responsible you really are.

* It’s not a real job, and I need a real job to fulfill my needs. It’s true that you might feel like this at first. But after a while, that feeling disappears. There’s nothing more real than a work at home employment position at your own business.

You can have anything you want if you are willing to put in the time, effort and plans to get to your goals. Discover the secrets why the rich stay rich and the poor stay poor. Click Here to view a video with more life tips! In closing, We invite you to share your comments on this subject and the other posts. If you find the information useful, Like & Share us on Facebook, Google Plus and other social media platforms. Remember to keep an open mind and Shift 4 Freedom.