When most businesses are downsizing, restructuring, and closing; Market America is writing the biggest checks they have ever written. Why? The plan is perfect, the products are amazing, people desperately need a different way and we are embracing the biggest business evolution we have ever seen. This is the time to kick your business in high gear.
As brokers, we partner with two types of company’s…manufacturers and retailers. I specialize in selling the Isotonix Vitamins and expanding distribution by mentoring other people to sell products in whatever area of the brokerage that they want to specialize ie Motives Cosmetics, Website design, Nutrametrix for Health Professionals etc. With our business model we get paid in all of the industries that that we broker. For example: I have people selling make-up and websites and I get paid on their sales without ever doing someone’s make-up or selling a website. In turn, they can get paid on the sales of my Isotonix Vitamins to my customers. It truly is a cohesive team of professionals building their internet franchise and everyone works together synergistically.
Time is of the essence…A new year is right around the corner. Tax advantages are available to small business owners. Check out this two short articles that will speak to why now is the time to start your own business.
Paul Carlotta
Executive Director
Advisory Council
Million Dollar Earner
Market America
Top Businesses to Start in a Sluggish Economy
It may seem counterintuitive, but starting a business during a recession can reap some big rewards. In fact, studies indicate that more people are taking the entrepreneurial plunge despite the economic slowdown. Less competition for customers and lower marketing costs can make a sluggish economy one of the best times to start your business. Here are a few businesses that even thrive in tough times.
1. Debt Collection
2. Healthcare Products
3. Job Search Agency
4. Mediator
5. Security Firm
6. Computer Repair
7. Internet Marketer
8. Web Entrepreneur
9. Pawn Broker
10. Cosmetics Sales
Are you ready to supplement your income?
Tax Breaks and Incentives for Small Business Set to Expire
C. YODER - DEC 2010
Small businesses will benefit from the Small Business Jobs Act of 2010, which was signed into law on September 27, 2010 after months of wrangling among lawmakers. The law includes tax cuts, financing incentives, retirement options and loan programs.
“This bill is the just the first step in putting small businesses at the forefront of our economic recovery,” said U.S. Senator Mary L. Landrieu, D-La., who heads the committee on small business and entrepreneurship, which assembled the package of assistance.
However, some of the tax cuts and incentives are set to expire by year’s end, so be sure to take advantage of them while you still can.
Why Small Business?
Policymakers, economists and politicians agree that small business is the engine of the American economy, and its health is essential to a robust recovery.
According to government studies, small business is at the heart of the nation’s employment; 27 million small businesses pay 44% of the total American payroll and generated 65% of the new jobs created over the last 17 months. The package addresses several issues as outlined below:
1. Tax breaks for small businesses – deductibles, expenses and depreciation
2. Incentives for small business – employee health care benefits and retirement savings
3. Access to financing
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4. Incentives to invest in small business
A Global Perspective
Assistance from the Small Business Jobs Act can’t come soon enough. Recent studies have pointed to an erosion of the United States’ status as the global leader in entrepreneurship. A recent SBA study noted a slowdown in entrepreneurial activities in the U.S., but indicated that it may be due to progress from the rest of the world, who has looked to the U.S. model as an example and begun to catch up. “The United States has long been an example for the rest of the world in terms of its capacity for innovation, creation of knowledge, and growth,” and those traits keep American at the very top of global entrepreneurship. The Small Business Jobs Act of 2010 aims to secure the United States' position as a global leader.
