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MLM Business Opportunities

MLM business opportunities seem to abound these days on the internet. However, how do you know which of these MLM business opportunities is right for you? What makes one better than another? Understanding the subtle differences in MLM business opportunities will help you make the most money with the least effort.

First, you need to understand what MLM is, if you already do not. MLM is short for multi-level marketing. MLM business opportunities allow you to sell a company’s products, most likely as an independent contractor. Your money earned is based upon your sales along with your recruitment. One of the biggest MLM companies of all time is Mary Kay cosmetics. The more the consultants sell and the more they recruit, the more money they make. Today, though, many MLM business opportunities exist for internet sales making it much easier for sellers to earn money.

Once you have a grasp on understanding the structure of MLM business opportunities, it is important to find legitimate businesses. You need to know how to spot the difference between an MLM business opportunity and a scam. Scam artists today are rather savvy, and so it is important to look at the details when seeking out legitimate MLM business opportunities. If the business has a major focus on recruitment rather than selling, then there may be a pyramid scheme going on and you should be wary.

Still, even as you find legitimate MLM business opportunities, you should realize that you have to find the right one for you. You will want to find a company and a product that you can stand behind. It is easier to develop a sales pitch if you actually believe in what you are selling. Talk to some of the top MLM salespeople. Most of them are rather enthusiastic about the products they sell, and it shows. That enthusiasm turns into a good profit.

As you narrow down your search, you should also be assessing your skill levels. Some MLM business opportunities are better for people with certain skills or you may need to develop certain skills. For instance, if you are not all that good at marketing, then you may want to take a class or find MLM business opportunities that offer a lot of pre-made marketing materials. Find MLM business opportunities that offer a lot of training and marketing materials, because even if you are a pro, it does not hurt to go with a company that invests in its consultants or sellers.

Also, take a close look at the payment structure. While advertisements abound for quick money with MLM business opportunities, some of the most successful MLM business people were patient and built their business over time. Remember, you buying a product wholesale and selling it retail. You want to be competitively priced but still make a profit. How much of a profit is up to you. You also want to build a reliable customer base and recruit. So it is important to not only focus on your profit level, but also building a good foundation with customer service and commitment.

Finally, keep things realistic. MLM business opportunities still take work. While they may be easier work with the internet making MLM simpler, it is still work. You will still need to find space in your home for your work. You will still need to work with your family and set priorities. You are running a business, and you need to act like a businessperson. You need to set down a marketing plan and have goals for yourself, yet make those goals realistic.

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Business Tax Lawyers

Business tax is paid by large organizations and individuals running small businesses. The process of tax planning and submission is a very tedious one and requires meticulous planning from the taxpayers. Tax laws are very difficult for many people to understand and require a detailed study of all the intricacies contained therein.

Business tax lawyers are legal professionals with expertise in specifically dealing with issues related to business tax law. They guide individuals and organizations through the intricacies of meticulous tax planning, provide advice on leveraging tax benefits legally and negotiate issues concerning taxation claims by government agencies. The services of business tax lawyers help clients minimize tax liabilities thereby increasing their profits and maximizing the growth of their business. Tax lawyers also safeguard their clients from tax avoidance investigation by government agencies. In case of tax related litigation, they make expert counsel available to their clients and represent them in courts, if necessary.

The tax system in the United States is extremely complicated with various kinds of tax laws applicable to people such as sales tax, employment tax, property tax and many other local and federal tax laws. It’s advisable for new business organizations and individual entrepreneurs to appoint full time tax attorneys who can guide them through the various methods of structuring their businesses for tax exemption. This allows them to benefit from different kinds of rebates under various tax laws, without getting into legal hassles with tax departments.

Besides this, business tax lawyers also help and advice businessmen and organizations on specific tax planning for business contracts, acquisitions, mergers, divestiture, joint ventures, lease agreements, ownership and issues regarding overseas investment. They also play an important role in settling court cases with auditing authorities on behalf of their clients. If negotiation strategies don’t work, they represent their clients in court cases in an effort to secure their interests. Thus, business tax lawyers serve as helpful guides for businesses and individuals by planning various methods of tax exemption.

Treat Your Trading Like a Business

Have you ever wondered how in the world large businesses or corporations such as GM or IBM just manage the small day to day tasks of operating and managing such huge concerns? It is just mind boggling to think about the millions of little details which have to be handled just to keep the doors of such complex corporations open! I’m not a CEO or CFO type and I certainly have no training or expertise in those areas, but I have spent a lot of time talking to folks whose job it is to run large and medium sized companies in an effort to understand how to better run my own, comparatively tiny business. What I found was truly amazing, if not totally refreshing!

What my searching uncovered was really encouraging in that it showed me that their businesses, no matter how large or complex, all have basically the SAME three requirements. The details are a bit different to be sure, but they all depend primarily on effective management and sound decisions in three areas; cash flow (or income), a source for stabilization of that income, and long term growth. I describe this a ‘encouraging’ in that my small business … in fact ALL businesses … have the same needs in the same areas, no matter the size of the concern. Let’s take a quick look at all three of these areas.

The first and most important of the three is the need for consistent, sometimes daily CASH FLOW. This area is prioritized above the others because it is here where the money is made to meet expenses of continuing in business. Face it .. business have bills to pay. General Electric must meet it’s obligations just as surely as we must in our family’s daily existence. AT&T has daily obligations … IBM and Microsoft face an overwhelming amount of daily expenses … YOU and I are no different! We just operate on a different scale … thankfully! To the extent that a business is able to meet it’s expenses – pay it’s bills, if you will, it should, all things being equal, remain a viable business concern. The instant a business fails to generate these very short term funds is the instant it begins to go out of existence!

STABILITY in cash flow generation is almost as important but is prioritized down a notch. The main reason for the ‘downgrade’ if you will is the nature of the need for cash flow. The expenses must be met, even if on a ‘hit or miss’ basis. Consistently generating that money is ‘stability’, crucial in need but behind the actual ‘generation’ in position. It is important to be sure as stabilizing at a level LOWER than necessary to meet expenses is unacceptable, for obvious reasons!

This stability is achieved in most business by keeping a ‘pipeline’ full of forthcoming business, designed to provide regular cash infusions periodically. In other companies, stability can be achieved by … well, just having a ton of cash on hand! Perhaps one of the best examples of this is Microsoft. During the recent onslaught of government or regulatory attacks accusing the software giant of monopolistic practices, fines in the millions of dollars were tossed about as potential ‘punishment’ for these alleged violations. Can you imagine how LITTLE would be the impact of a $10 million “fine” on a company that has $50 BILLION ‘unattached’ in the bank??!

The final area of consideration is long term GROWTH. Once a company has developed it’s business plan to the point that it can remain a financially viable entity, it must then concern itself with the concept of getting bigger. While specific growth is different for everyone the fact remains that you can’t just ‘stand still’ in business. You’re either growing or dying! The easiest way to grasp this QUICKLY is to think back to the first job you had. Focus on the INCOME that job provided and now try to imagine existing today on that income. The same principles exist for businesses as well. You can’t stand still there either! They must meet (and beat) the competition, so research and development are necessary. Technological advances come along and the number of employees must be increased to handle the new jobs these advances create. We could spend volumes on this aspect, but I think you probably get the picture!

So, all businesses, large or small have these same three areas of concern; cash flow generation, stability and growth. Now, let’s try to pull these concepts down to a level where we might be able to see a direct connection to our trading businesses.

We are traders. Trading is our business. Let’s agree that we have needs for cash flow, stability and growth in order to manage our trading business more effectively. Trading is not just throwing money at the stock market in some ‘willy-nilly’ fashion. We have to define our trading business in such a way that we can apply sound business principles to insure that we truly have a ‘going concern’. Here’s how I do that in my business and how I teach others in the trading labs to do the same thing. Lacking both the time and room for a detailed description let me summarize what we do…

First, my cash flow is a function of my daily, short term trading. This is not day trading by design. Rather, I use one of several strategies designed to get into a trade and then back to cash in a 1-5 day period. Trade only the journey the stock normally takes each day, being content with SMALL (daily) profits. Here are some givens:

  1. You will NOT be profitable on every trade.
  2. Your business does NOT depend on the success of your next (or your last) trade, so EMOTION has no place on the trading floor!

Stability in trading comes from the same place for us as for any other business; either a full pipeline of pending business or CASH in the bank. We can overcome a shortfall in COH (cash on hand) with successful medium term trades (30-90 days in length). I like to use covered calls and/or spreads to provide that regular cash infusion providing a leveling effect in the short term account.

Growth comes from successful long term (greater than 90 days) trading. For this, my favorite strategy is selling naked puts on high quality Blue Chip stock (however you define ‘blue chip’). A quick trip down this lane shows us picking out ‘chippers’ on weakness, selling puts having strike prices just below earlier PEAK values. The operative here is that we don’t really care if the stock regain these earlier values … just moving toward them will give us most of the profit we seek!

So there we have all three management aspects of any successful business; cash flow, stability and growth. Treat your trading like a business and it will treat you like royalty! Make it a great day!

Bob