Enlightened Wealth Insitute taught me 3 Things about Setting up Your Business

One of my first mentors at the enlightened wealth institute helped me save a lot of time and money when I started up my first real estate and internet marketing businesses. One of the enlightened wealth institute instructors, JJ Childers, taught me about the savings of taxes by incorporating.

The three things to know about incorporating your own business:

You save a lot of money because you get to expense a lot of your business activities, such as marketing, advertising, travelling (yes - woohoo…even that real estate cruise to Mexico you can write off if there was business conducted! how about having your next annual corporate meeting in sunny San Diego?)
You should really use a separate address other than your home address. You want to do this for privacy and professional purposes. In addition, this will help you in the future in building corporate credit. If you aren’t ready to rent office space yet, don’t freak out…you can simply get a ‘virtual office’ that has a legitimate business address to use for your business.
Get a live person to answer your phone! Did you know that your internet online sales will increase over 30% by offering up a phone number to call? Some people feel more comfortable giving their credit card info over the phone…so now you are wondering, what about ‘automating your business’? Well - gotcha covered there too as you can use many great answering services such as PatLive (that is the one I started with and use for both real estate and internet marketing income streams) who can take orders for you over the phone, have a script you want them to use and you get emails from Pat Live detailing each call!

Hope that helped you alot and many thanks to the enlightened wealth institute instructors for guiding me to where I am today!