Home Business Goldmine

Name: Home Business Goldmine
Rating: 4.5 (15 reviews)

How to successfully start a Part-Time Home Business

Created byPaul Mladjenovic

Last updated 3/2024

English

What you'll learn

Start a business from home the right way and what to achieve to build wealth with it.
How to avoid the common pitfalls of deducting a home office
Learn exactly from the IRS the steps to safely deduct a home office
Find out step-by-step how to deduct with easy-to-follow screencasts

Course content

6 sections • 30 lectures • 4h 15m total length

Why should you have a Home Business?4:15
Most people think that a part-time home business is about generating income...but there's more to it than that. Find out other compelling reasons to have a part-time business in your overall wealth-building plans.
It starts with Your Idea and the Marketplace2:42
Every great business started as an idea...find out more with this lesson.
How to choose the right business for you with the 10-10 approach4:02
I think there is a great business inside everyone...but not everyone knows how to choose or start a great business. This lesson is about an approach that I have taught for decades that can help you to decide on a business that is right for you personally.
Getting some start-up guidance at the SBA & SCORE4:34
Your tax dollars pay for resources that you should take advantage of in your business aspirations...the Small Business Administration (www.sba.gov). Additionally, they offer business counselling through the Service Corps of Retired Business Executives (www.score.org). This lesson helps you maximize their guidance.
Increasing your chance of success: 2 categories of Successful Home Businesses4:39
Over the years, whenever I have seen a successful home-based business, usually it falls into 1 of 2 categories that can help you "get a leg up" to increase your chances of success. I discuss those categories in this lesson.
Associations 1 of 24:03
I think that associations are one of the best (and most powerful) resources that a start-up entrepreneur can access. They offer much in the way of resources and guidance. I cover them in 2 video lessons.
Associations 2 of 24:33
More on how associations are powerful sources of business guidance for the home-based entrepreneur.
Linked In5:30
In a world where social media choices and venues seems to be everywhere, some social media sites are better than others for you. Consider the site Linked In (www.linkedon.com) to be a necessity for your business success!
The Business Plan...Should you have one?4:13
Do you need a business plan? Is it really a necessity? This lesson will help you figure it out.

Register Business Locally3:52
When you launch a home business, make sure that you are doing it the right way. Find out if you need any permits, licenses, etc. with the state & local authorities. The local branch office of the SBA (www.sba.gov) and your state's economic development agency can guide you (the SBA can refer you).
Getting a Tax ID# for your Business3:05
You may or may not need to get a Tax ID# for your business. This lesson will help guide you on this issue.
Sole Proprietorship3:29
For those interested in starting a business, it can be a real issue on deciding the business legal structure. Should you incorporate, do an LLC or some other legal structure? This lesson will help you decide.
Be aware of Tax Obligations4:40
What potential taxes should you be aware of in the early months and years of your home business venture? if you are not careful, you can get blind-sided by taxes you didn't see coming (not to mention any penalties and interest. This lesson will help you see potential taxes before they hit you.
Tax Advantages of a Home Business4:54
Keep in mind that one of the greatest features of a home business is the extensive tax advantages that help you not only decrease taxes but also build wealth. Find out more in this lesson.
Home Office Expense5:20
When you legitimately operate a business from home, please be aware of the powerful tax benefits of the home office expense. it could be worth thousands to you! With this lesson, I also include IRS Pub. 587 which details the right way to utilize the tax benefits (and reporting obligations) of the home office expense.
Business Funding5:16
Need funds to start or expand your business? this lesson covers the issues with business funding.

Doing Your website or blog3:44
Having a website or blog (or both) is an important consideration and critical in the internet age. Find out more with this lesson.
Selling Services2:29
If your home business is about selling services then this lesson is for you.
Sell products from home... Do Drop-shipping8:15
Doing mail order from home is a great way to earn money by selling physical products. Given that, learn more about drop-shipping (Amazon does!).
Write an Article4:29
There are thousands of publications and sites that pay for articles. There is probably a good article inside you right now! Check out this lesson about making money with articles.
Writing & Publishing2:55
Once you mastered writing articles...take the next step up by being a self-publisher.
Affiliate Marketing3:33
You don't need to make money by selling or producing your own offerings...you can make money as an affiliate with other people's products and services.

Doing a Marketing Plan6:38
The first phase of your business activity (setting up, finding stuff to sell, etc.) is not that difficult to do. But the 2nd phase (marketing) is where most start-up home businesses have difficulties. Overcome them with your marketing plan.
Salesmanship7:54
When you own and run a business (home-based or otherwise), you are the #1 salesperson for your business and what you offer. You can't avoid that so you maximize it. Learn more about effective salesmanship in this lesson.

Pension Plan3:05
Did you know that if you have a business (even a one-person enterprise from home), you can qualify to have your own 401K plan (and other great plans too). Learn more in this lesson.
Selling Your Business3:46
Most people think that the bulk of money made in a business is with regular income (net profit) but don't forget that a business can become a valuable asset that you can sell later on. Why not have a six-figure boost to your nest egg? This lesson covers this critical point...
Conclusion2:32
Thanks for being in the Home Business Goldmine course! Hopefully you can see the compelling reasons that I think everyone (especially you!) should have a home business...make it a part of your long-term prosperity today.

Requirements

All students will need is a desire to earn extra income...part-time or full-time.

Description

Want more prosperity in your life...or at least some extra financial security for you and your loved ones?

Why not start a home-based business in your spare time? Turn your hobby, dream or other enjoyable activity into a profitable home business which adds many powerful financial advantages to your current situation.

In these uncertain economic times, a part-time home business is a great way to not only increase your financial security, it can also give you some great tax benefits too. A home office, for example, can save you thousands in taxes and your home business can qualify you to have a lucrative tax-advantaged pension plan so you can build long-term wealth.

Home Business Goldmine helps you uncover financial success right from the comfort of home. Learn strategies for making extra income and resources that can help convert your time, experience and talent into extra income.

Find out about selling products and/or services from home and about resources to help you do everything from starting a business to helping you with internet marketing, salesmanship, doing a business plan and much more.

FREE BONUS: This course even comes with a 2 1/2 downloadable MP3 audio version of Home Business Goldmine so you can keep learning in your car or other audio venue.

Paul Mladjenovic, CFP (the author of Micro-Entrepreneurship For Dummies) has been teaching students about how to start a successful part-time home-based business since 1987.

Get his 30+ years of knowledge and research conveniently in this extensive, nuts-n-bolts, information-packed course that you can profit from starting today!

Who this course is for:

Any person with entrepreneurial or business aspirations

Home Business Goldmine

What you'll learn

Explore related topics

Course content

Considerations when you begin your home business9 lectures • 39min

Home businesses Legal & Tax start-up issues7 lectures • 31min

The landscape of business ideas6 lectures • 25min

Sales & Marketing2 lectures • 15min

End Game- Using the Home Business to Build Wealth3 lectures • 9min