Archive for November 2010
Why the GWT opportunity is your best home business solution today!
Business and Product Advantages:
- High profit designer product lines
In direct sales today, most companies market low profit health & wellness, household or tele-communication products. Low profitability means that everyone needs to move more volume and sign up more distributors to build a lucrative business.GWT designer products have some of the highest profit margins in the world. By having high margins, a business can meet its profit targets with fewer sales and fewer customers. This is one of the main reasons GWT members reach their financial goals in a fraction of the time it would normally take with other companies: you no longer need to build a team of thousands of distributors and customers to operate a profitable and lucrative business.
Let’s take a look at the numbers and compare GWT earnings to the direct sales industry average “earnings per distributor” in residual income:
- Telecommunication companies: up to $0 .35 per distributor
- Health & wellness companies: up to $ 1.00 per distributor
- GWT Corp: up to $10.00 per member
- Highly Emotional Products
Looking back in history, no other commodity has captured more attention than fine jewelry, precious metals and precious stones. They are symbols of wealth, love and passion, and they have helped us express those feelings and qualities for over 5000 years. No other commodity has increased more in value than gold, silver, diamonds and other precious metals and stones. Without debate it is the safest investment available today, which is why every financial expert recommends that 15 to 30 percent of all investments should be in precious commodities.GWT Corp is the only direct sales company to offer these commodities in a form of designer fine jewellery and goods.
- Visual Appeal
GWT products are self-promoting because of their visual appeal and the instant gratification they provide at the point of sale. Most companies market products that require trial periods of 90 days or longer to deliver results, which makes the buying decision for clients much more tedious. - Uniqueness
According to statistics, over 96 percent of all direct selling companies market nutrition, household and telecommunication products. In fact, in 2007 a distributor in a wellness company is forced to compete with over 30 million other network marketers in the wellness industry in America alone. GWT is truly unique in that it is the only direct selling company that offers designer fine goods. Therefore, GWT members do not have to engage in comparisons with the other 1700 direct sales companies that market the latest and greatest health product or long distance gadget. - Want vs. Need
Other companies are constantly trying to establish a need for their product line by making unrealistic – and sometimes illegal – product claims. According to statistics, jewelry is the only product line that is used by over 85 percent of the population every single day. GWT customers purchase our designer products because they want it and not because they were convinced of its need with overstated promises. - A safe business
GWT products are the safest products to promote and market in the direct selling industry. They do not get consumed or expire, and they continue to gain value from the time they are purchased. The GWT business is recession-proof and gains even more momentum in the case of an economic slowdown, which makes the GWT business the safest and most rewarding business you can start. - Reliability
Jewelry has been the most precious commodity known to man for the past 5000 years, still is today and will be 5000 years from now. There will never be a replacement for precious stones or precious metals, hence the universal tradition of passing family jewelry down from generation to generation.Companies that offer the latest and greatest health or telecommunication products are constantly being replaced as science and technology progress almost on monthly bases. This constant turnover makes wellness and telecommunication companies very trendy, volatile and unreliable to a serious entrepreneur who seeks to build a long-term business.
All the above advantages provide GWT representatives with the peace of mind of not having to constantly protect their team from upcoming companies and new products. GWT members do not have to endure the same challenges other network marketing distributors go through year after year.
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Commerce, SBA Launch New Online Tool To Help Small Businesses Begin Exporting
Posted on: November 30, 2010
- In: Economy | SBA | Small Business | Tips
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WASHINGTON – Small businesses interested in exporting now have a new online tool to help them tap into the global marketplace to grow their business. Developed by the U.S. Department of Commerce and the U.S. Small Business Administration, Six Steps to Begin Exporting, www.export.gov/begin, is the latest tool in the National Export Initiative toolbox to help entrepreneurs begin exporting.
The six-step process begins with a self-assessment to help potential exporters gauge their readiness to successfully engage in international trade. The self-assessment is followed by sections on training and counseling programs; resources to create an export business plan; information on conducting market research; assistance for finding foreign buyers; and investigating financing for your small business exports, foreign investments or projects.
Upon completing the self-assessment, businesses receive a score indicating their level of readiness. Based on the score, additional resources are identified fitting their specific needs, including SBA and its nationwide resource partners SCORE and Small Business Development Centers, as well as Commerce’s U.S. Export Assistance Centers, which provide individualized support.
“This practical, interactive website is just the latest example of the commitment the Obama administration has made to helping American businesses – especially small businesses – sell more of what they make around the world,” U.S. Commerce Secretary Gary Locke said. “Connecting America’s entrepreneurs and small businesses with new buyers and new markets abroad will help create jobs and spur sustainable economic growth.”
“With nearly 96 percent of the world’s customers living outside the United States and two-thirds of the world’s purchasing power in foreign countries, tapping into opportunities in the global market makes perfect sense and is more attainable than ever for small business owners,” SBA Administrator Karen Mills said. “One of the main hurdles potential exporters face is their fear that exporting is too complicated. This six-step process addresses and dispels that concern. Across the administration, we continue to strengthen the tools and resources so we can be the best possible partner in helping small business owners grow their customer base beyond our borders and, in doing so, create new jobs here at home.”
This joint Commerce-SBA effort is part of an array of activities by federal agencies to support President Obama’s National Export Initiative, which calls for doubling U.S. exports and supporting 2 million jobs over the next five years. So far this year, U.S. exports have increased nearly 18 percent compared to the same period in 2009.
President Obama has outlined five steps the Administration is taking to help U.S. firms expand sales of their goods and services abroad: creating a new Cabinet-level focus on U.S. exports, expanding export financing, prioritizing government advocacy on behalf of U.S. exporters, providing new resources to U.S. businesses seeking to export, and ensuring a level playing field for U.S. exporters in global markets.
For more information on export services for small businesses or to find local counseling and technical assistance resources, please visit www.export.gov.
Read more Small Business news at http://www.homebusinessbug.com/small-business-news/
SBA Backs Repeal of 1099 Reporting Requirements on Small Business Transactions
Posted on: November 27, 2010
- In: SBA | Small Business
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WASHINGTON – In an open letter to small business owners, SBA Administrator Karen Mills described requirements that small businesses report all transactions greater than $600 as “burdensome,” and called for their repeal. Mills said the reporting requirements in the Affordable Care Act, which were to have begun in 2012, add up to “too much paperwork, too much filing.”
The text of the letter, which is posted on the SBA Website at http://www.sba.gov/1099letter/, follows:
Dear Small Business Owner,
I’m writing to update you on the progress that we have made regarding concerns stemming from the expanded 1099 reporting requirement in the Affordable Care Act, which could affect small businesses starting with 2012 purchases and 2013 filings.
The SBA and the Administration support the Small Business Paperwork Relief Act (introduced by Senator Baucus) which would repeal this provision.
As President Obama said on Nov. 3: “… the 1099 provision in the health care bill appears to be too burdensome for small businesses. It just involves too much paperwork, too much filing. It’s probably counterproductive.”1 Our support for the Small Business Paperwork Relief Act also follows the Administration’s support in September for Senate Amendment 45952 (offered by Senator Bill Nelson), which would have relaxed the reporting requirement.
All businesses that pay another individual or business $600 or more for goods or services starting in 2012 will be required to issue 1099s. The unintended consequence of a potential paperwork burden resulting from this provision quickly came to light, and we immediately began working across the Administration to reduce the burden of these potential future reporting requirements, as I noted in a letter to small businesses in May.3 We gathered feedback and comments from the small business community through roundtables, forums, and other feedback mechanisms involving outreach from the SBA, the Treasury Department, the I.R.S. and others.
Importantly, the repeal of this provision through the Small Business Paperwork Relief Act will not adversely affect the Affordable Care Act, which provides important health care benefits to millions of Americans. Small businesses are already taking advantage of the new tax credits4 for providing health insurance to employees this year, and future benefits such as the insurance exchanges in 2013 will provide small businesses with more negotiating power and reduced administrative costs.
Thank you for the input and feedback that many of you have provided on the impact that the expanded 1099 reporting requirement could have on your business. Overall, with your help, we will continue to ensure that America’s entrepreneurs and small business owners operate in an environment not burdened by excessive regulation, allowing you to continue doing what you do best: grow businesses, create jobs and lead America’s economic recovery.
Sincerely,
Karen Mills
SBA Administrator
Read more Small Business News at http://www.homebusinessbug.com/sba-backs-repeal-of-1099-reporting-requirements-small-biz-transactions-10166/
Starting a small business is becoming more of a necessity these days than a luxury; with the amount of jobs in decline and the ability to easily start your own business online, more and more people are flocking to entrepreneurship. Here’s a few pitfalls that you need to avoid, especially if it’s your first time starting a small business.
- Use a Unique Business Name
There are plenty of reasons to use a new and creative name for your business (brand awareness & loyalty, differentiating yourself in the market, etc.) but even if none of those appeal to you, there is an important legal component. Using a name that another business has, or even using something similar that could cause confusion (like starting a hamburger stand called MacDonalds and using lets say a light green M as your logo) can land you in court and potentially cost you your business. - Carry The Proper Insurance
Insurance needs vary greatly depending on the business you start, but it’s one of the most important bills you’ll pay each month, because it protects you from potentially bankrupting liability. If you’re unsure of what insurance you should carry, you can talk with an insurance salesman, but a better idea is to find someone in the same business with some experience and see what they purchased. Find the proper balance between leaving yourself vulnerable and carrying too much, thus hurting your bottom line.
Read the full article at http://www.homebusinessbug.com/5-small-business-mistakes-that-could-cost-you-a-lot-of-money-10165/
- In: Economy | Small Business | Taxes
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It makes good business sense to let temporary tax rates for the highest income brackets expire and revert to 1990s levels on January 1, 2011 as scheduled. Families should keep tax cuts on their income below $250,000, but well-off families should not get extra tax cuts on their income above $250,000.
Congress should not let Wall Street and big business CEOs hide behind small business to justify a budget-busting $700 billion tax giveaway over the next decade that would be even more harmful for Main Street than it was the last decade. Instead, Congress should build on constructive action like the Small Business Jobs Act and the overdue infrastructure investment we need to create jobs and stay competitive in the global economy.
Small business hiring is driven by customer demand, not tax rates
“Expecting high-end tax cuts to trickle down as job creation is about as reasonable as pouring gasoline on your hood and expecting it to fuel your engine. I’ve run a small business for more than 30 years. When people tell you that small business owners will use the money they save from lower tax rates to hire someone, they’ve got it backwards. Either they’ve never run a small business or they’re trying to mislead you. My tax rate doesn’t effect hiring. If I think I can do more business, my company will hire more workers. The costs of finding, hiring and paying new employees are business expenses. They’re deducted up front from our taxable income.”
—Lew Prince, Managing Partner, Vintage Vinyl, St. Louis, MO.
“The idea that ending the Bush cuts for the top brackets will hamper small businesses’ ability to reinvest is a red herring. I’m an average small business owner in Nebraska. I have 30 employees. My business does $2 million plus in annual sales. My personal income as the owner is less than $85,000 a year. The sales dollars I reinvest by hiring more employees or buying equipment don’t pass through onto my tax return. As a fellow businessman once told me, ‘Give me more customers and I’ll be forced to buy equipment and hire people to meet demand. Give me a tax break without more customers and I’ll just go to Aruba.’”
— Rick Poore, Owner, Design Wear Inc., Lincoln, NE.
“All across our country, families are fighting for their jobs, their businesses, their homes, their children’s education and their retirements. Congress and President Obama should be focusing like a laser on energizing Main Street business and job creation – not repeating policies that led to the greatest economic crisis since the Great Depression. No amount of smoke and mirrors can change the clear truth of history: the American economy created just 1.1 million jobs net under the policies of the Bush Administration, while creating 22.7 million jobs under the Clinton Administration. The Bush administration inherited a large budget surplus and left behind a giant budget deficit, economic meltdown and crumbling infrastructure. The high-end Bush-era tax cuts are contributing to our financial ruin rather than our economic success. They should expire as scheduled on December 31.”
—Margot Dorfman, CEO, U.S. Women’s Chamber of Commerce.
“The subjects of the state ought to contribute toward the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”
—Adam Smith, The Wealth of Nations.
Read full News Article at http://www.homebusinessbug.com/business-case-for-letting-high-end-tax-cuts-expire-10164/
What is Small Business Saturday?
More than a dozen advocacy, public, and private organizations are joining American Express OPEN, the company’s small business unit, in declaring the Saturday after Thanksgiving as Small Business Saturday. This year, Small Business Saturday is November 27, 2010.
Is Small Business Saturday designed to get people to stop shopping at larger businesses or online?
Absolutely not. Small Business Saturday recognizes the importance of small businesses to the overall economy and local communities. It’s a day to support the small, independently owned businesses we can’t live without.
Who can get involved in Small Business Saturday?
Anybody. Anywhere. Now through Small Business Saturday, November 27.
How can I get involved in Small Business Saturday?
There are a number of ways for you to get involved. First and foremost, it’s about helping raise awareness about the importance of small business to our communities. For example, you can visit www.facebook.com/smallbusinesssaturday where you can “like” Small Business Saturday and syndicate news feeds about the day to your personal, virtual networks. There, you can also spread the word about the day and your favorite businesses by giving a shout-out to your favorite local shops and restaurants via Facebook and Twitter.
You can also support Small Business Saturday by patronizing the local, independently owned small businesses in your neighborhood. That could mean anything from having dinner on your way home from the mall during the holiday shopping season or reserving a part of your holiday gift budget to spend at a local small business.
And if you’re an American Express® Cardmember, you’re eligible to earn a $25 statement credit on any purchase of at least $25 on Small Business Saturday at any locally owned independent small businesses that accept American Express. You can redeem this offer by registering your American Express Cards at https://enroll.amexnetwork.com/US/sbs. Terms apply, available here www.facebook.com/SmallBusinessSaturday.
I’m a small business owner. How can I get involved in Small Business Saturday?
Small Business Saturday can provide business owners with marketing opportunities that can help increase demand for your products and services.
For example, business owners who sign up at www.facebook.com/SmallBusinessSaturday will receive a $100 Facebook advertising credit to help build online buzz and drive customers to spend at their businesses on Small Business Saturday. Supplies of advertising inventory for this offer are limited so sign up now. See complete details here www.facebook.com/SmallBusinessSaturday. You can also download promotional materials and a number of social media tools to promote your business on the inaugural Small Business Saturday this November 27th.
Why should I get involved in Small Business Saturday?
The goal of Small Business Saturday is to inspire you to support the local small businesses that mean the most to you. Supporting small business is all about supporting our communities.
Small business is the heartbeat of local communities and the engine of the US economy. Over the past two decades, small businesses created 65 percent of net new jobs. In addition, for every $100 spent in locally owned independent stores, $68 returns to the community through taxes, payroll, and other expenditures.
What featured events are happening during Small Business Saturday?
In support of this day, American Express OPEN is partnering with nearly 20 advocacy, public, and private organizations, including the National Trust for Historic Preservation, which is supporting Small Business Saturday events in Boston, Massachusetts; Cedar Falls, Iowa; Port Townsend, Washington; as well as the Convention and Visitor’s Bureaus in San Francisco, Greater Boston, Chicago, LA, and NYC.
Over time, our hope is that many more communities across the country recognize Small Business Saturday in a meaningful way that helps drive more business to small businesses.
Is Small Business Saturday something only for American Express Cardmembers or merchants?
No. Small Business Saturday is a national movement to inspire all consumers and communities across the country to support their local small businesses. American Express and more than a dozen organizations are coming together to support the day in different ways. Over time, we hope that more organizations join us in the movement to raise awareness about the importance of supporting small businesses.
How can I learn more about Small Business Saturday?
In addition to this website (www.SmallBusinessSaturday.com), you can find more information and connect with others involved via any of our social media channels, including @AmericanExpress on Twitter and www.facebook.com/smallbusinesssaturday.
Read more Small Business News at http://www.homebusinessbug.com/small-business-news/
- In: Economy | Small Business | Taxes | Tips
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Starting a small business can be hard enough, but getting hit with a hefty bill from the IRS at the end of the year can make a difficult situation nearly impossible. There are plenty of different strategies for minimizing your tax liability, but the most effective one is itemized deductions, and know what you can deduct is the first step to getting prepared for tax season. Here’s a list of just a handful of the eligible deductions for your small business, so be sure to investigate and leave no stone unturned before you submit your tax documents at year’s end.
Bad Debt
If your company sells goods, you can deduct the cost of any goods that were not payed for by a client. This doesn’t make up for losing the product, but it can soften the blow
Auto Expenses
Company cars are deductible, but you can also deduct mileage, service, fuel and nearly any expense related to purchasing and operating the vehicle.
Incorporating
When you first start your business, you’ll face plenty of fees along the path to incorporation; good news is these are all deductible.
Legal and Professional Fees
Whether it’s a lawyer, tax professional, or the janitorial service for your offices, nearly all professional fees your business pays will be deductible.
Read this full article at http://www.homebusinessbug.com/tax-breaks-when-starting-a-work-at-home-business-10161/
As a single mom, or a stay at home mom, starting a home business can be a scary thing. Whether you’re going to be relying on your home business to pay the bills, or even just as a source of some additional income, the fact is that for most moms, failure really is not an option. So, what do you do to insulate yourself from failure? Here are a few ideas to get you started.
Be Diligent
As a mom, this should be a skill that you’ve perfected by now, and following up over an over again with your clients and leads should be easier than potty training or teaching your child to enjoy broccoli. In all seriousness, being a mom really does prepare you for a lot of the situations you’ll encounter in business, but it can be a lot harder to want to stick it out and put in the long hours with a client that you barely know than spending time working on something with your own child. The key is to know that hard work in the same direction always pays off, so don’t become discouraged when it seems like you’re spinning your tires.
Read full article at http://www.homebusinessbug.com/work-at-home-mom-failure-is-not-an-option-survival-tips-10160/
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