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Investing In Your Own Business

by Syahriansyah -- at 8/26/2005 9:56 pm

I believe I can show most of you why you should choose to invest in your own business; but if you decide that you were not meant to be an entrepreneur, you should invest something every month and leave it alone. Adjust your lifestyle if you have to, but remember, SAVE NOW.

OK, now we are ready to talk about what I believe can be the most exciting investment you will ever make.

When I talk about investing in your own business, I am also referring to investing your time, your money, your talent and also your skill. I am also assuming that you will do your best to make an intelligent decision about the business you choose.

As you invest back into your own company, though you are keeping enough of your earnings to maintain the standard of living you desire, you are also creating tax deductible business expenses that in effect cancel out a significant amount of what would be taxable income.

In other words, by putting part of your profits back into your business you are investing in the future earning power of your company. When you spend money on business expenses, you are allowed to take a tax deduction for doing so.

This powerful principle that is available to business owners is very much like a tax shelter. This is only just one more source of strong leverage that can be used to your advantage and thereā€™s much more.

In the final analysis, my advice is you should find an investment that is within your risk tolerance zone and that has a much better potential rate of return for that amount of risk. I know this is easier to said than to be done, but I also know that it is achievable.

Starting your own business is NOT an investment in a legal sense. The term "Investment" has a very specific meaning under the law.

However, in a very practical sense, as far as you are concerned, it is an alternative to purchasing an "Investment" and that alternative could provide a much higher return.

WARNING!!! I am NOT making a recommendation for you to stop investing and then just put your money into whatever income opportunity that you found along the way.

I am trying to say that if you have a very solid business then there are some real special benefits compared to the traditional investments.

There has been, and continues to be, a lot of talk about folks who have made fortunes in real estate. Though it is true that some have done exceptionally well in real estate, the hard truth is that the single largest group of self-made millionaires is made up of entrepreneurs who have owned their own businesses.

The reasons for this are numerous, but it ultimately boils down to leverage. When you own a business you tap into some exceptionally powerful forces, if you know how to harness them.

"The American Dream", as we call it here in the USA, becomes a possibility when you make the decision to invest in YOURSELF and your own business, instead of investing in other people's businesses like you do when buying stock in a company such as IBM.

"The Entrepreneural Dream" becomes a reality when you wisely respect the full spectrum of business laws and principles, and that includes being wise and disciplined with your personal finances.

Investing In Your Own Business

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