Ink Toner Inkjet Toner Cartridge Home Based Business Inkjet Toner Refill Cartridges: February 2012

NDITC Start Your Own Inkjet Toner Printer Cartridge Business SBA AAA Rated Home Based Inkjet Toner Printer Cartridge Business Making Money Become A Millionaire Refill Recycle Reclaim Remanufacturing Factory Direct Dealers Wanted

Wanting to start your own inkjet and laser toner business? Wouldn't it be great to be able to quit your job, be your own boss and earn a paycheck from the comfort of your own home while earning a great deal of money selling ink and laser toner printer cartridges? It’s called the New Deal Ink and Toner Company (NDITC), sweeping up profits all across the nation. If you’re looking for a new job, maybe a new career or wanting to start your own business, NDITC is your absolute solution to making money, without an inkjet toner refill machine, no franchise, no royalty fees, no management fees or complicated contracts. It’s a New Deal Ink and Toner Company.

We have the Only Complete Systems within The Ink Toner Market Today.

New Deal Ink and Toner Company

Email NewDealInk@Live.Com

Web http://www.NewDealInk.Com

Copyrighted 2010 All Materials Programs Facts Notes Data Ideas are Private Intellectual Academic Protected Property of NDITC Gregory Bodenhamer 2010 Mechanicsburg Pa NDITC Copyrighted 2010 All Rights Reserved and Protected, $100,000 penalty consequence fine as this text and the systems, programs, offers cannot be copied or saved or otherwise stored and distributed for profit or pleasure All NDITC New Deal Ink Toner Company inscribes are protected intellectual property and has been created for the sole benefit of NDITC and their clients, customers, shoppers and consumers.

New Deal Ink and Toner Company, Mechanicsburg Pa, will receive questions from all across the United States of America;

Where do all those internet companies selling inkjet and laser toner printer cartridges buy their inventory? How can they sell inkjet cartridges lower than the big retail stores? How can I start my own low cost, high profit ink and toner printer cartridge business? NDITC has four different plans, which one should I choose? My Google search shows hundreds of ink toner wholesalers, which one is the real deal? Can I start my business without buying some expensive inkjet refilling machine? I understand that many cartridges on the internet may be stolen? I don’t want to buy any inkjet laser toner franchise because they cost too much, who do I trust? We don’t know how to start, what do we do? We cannot afford some ink toner cartridge franchise, what’s the alternative to high priced franchise deals? How much does a regular inkjet refill machine cost? Where is the market moving? How can I compete with Staples? What’s all the talk about inkjet and toner printer cartridge recycling? Why are so many local refilling companies failing? Will my company be able to compete with Staples Wal-Mart Office Max Office Depot Best Buy K-Mart Radio Shack? I want to start a small ink and toner cartridge business, what do I do? I see inkjet cartridges for a couple of dollars on EBay, how do they do that? I’ve got to earn at least $500 a week, will this work? Do I need a business loan to start my ink toner business?

Some of the questions may sound very familiar? NDITC helps people start their own inkjet and laser toner printer cartridge business, all over America. Over the years, our founder and owner, Gregory Bodenhamer, previously a specialist with Fortune 100 Multi-Billion Dollar Staples Inc formulated and devised what he thought was the perfect ink and toner cartridge business.

NDITC invented and put together easy to understand ink and toner business plans. He originated a business idea or business model that allows regular people, people just like you, to create their very own ink and toner printer cartridge business, with a little bit of money, with very little risk. Over the many years our founder traveled the country teaching other people how to buy, sell and profit within their business, including the giant Staples Inc.

He knew the insider secrets. He understood the fantastic earning potential of some product lines. He understood that the major profit streams of major retailers and inkjet or laser toner printers manufacturing companies were found within the consumables of inkjet and laser toner printer cartridges.

You can now own one of these NDITC business plans that puts into words everything you need to start your inkjet and laser toner business, big or small and start making money almost from day one.

EARNING A PAYCHECK

www.NewDealInk.Com

It’s part of that American Dream, in these tough economic times they are few guarantees, but the opportunities surround us if you know where to look.

NDITC founder is a fortune 100 manager that has extended his ink and toner business model plans all across America. You know the names of Hewlett Packard Canon Epson Lexmark Dell Brother Sharp Panasonic and all the others.

Millions and millions of people are looking to earn more money and save money at the same time. People are starting their own inkjet and laser toner printer cartridge business with the help of New Deal Ink and Toner Company. NDITC helps you buy and sell and make money.

Many people, most people, do not realize the internal workings of ink and toner printer cartridge factories. NDITC receive real information and timely information that turns into cash.

Most small business owners never get the truth about importing and exporting ink and toner printer cartridges, until we started the New Deal Ink and Toner Company. Little companies and consumers in general terms are on the outside of the market, the very edge and pay for everything.

People that want to start their own inkjet and laser toner printer cartridge business go to Google or Bing and type in wholesale inkjet cartridges.

No human being can research the 24,300,000 responses you receive from Google for an example.

What’s very interesting to note when you know the real wholesale suppliers and factories you can quickly see where the top twenty listings buy their ink and toner printer cartridges.

How many factories do think really exist and survive in the United States? How many ink and toner printer cartridge factories are really in China? How many inkjet laser toner printer cartridge factories are operating in Ireland today?

When you know the truth, everything looks different.

These so called wholesale inkjet and laser toner printer cartridge companies are making a fortune and piles of cash.

The big retailers are racking in money by the truckloads.

The Original Equipment Manufacturing companies (O.E.M.) like Hewlett Packard Canon Epson Lexmark Dell and Brother are staying alive by selling their fifty cent cartridges for fifty dollars.

These so-called or phony wholesale companies on the internet are playing on the replica model. They set up many mock web sites, under different names but they are all operated by one company. Warning; they are simulated wholesale direct companies. Their imitation is making them rich and the consumer and people wanting to start their own business very poor. They pretend to be wholesale and people think they are saving money.

Not so fast.

They also sell complete systems to people wanting their own ink and toner printer cartridge business. You give them a few thousand dollars and they allow you to use their own replica or mock web site design, their inventory secrets and suppliers under your name. On average you would pay about $2,000 to pretend to be another ink and laser toner seller, under your name and they drop ship the order for you, to the ultimate consumer.

You never know the suppliers. I think most people realize the market-place does not have twenty four million wholesale ink and toner suppliers.

The market also holds a lot of counterfeit ink and laser toner printer cartridges. They set up false companies and start selling counterfeit or bogus cartridges to you and then close their mock business in a few months.

You can quickly see that thousands of people would want to buy a laser toner printer cartridge for $50 rather than $200.

They sell them to thousands and then close the doors. The consuming customer gets an empty box or an empty laser toner printer cartridge.

The customer sends email, phone calls and complaints.

They just close the doors with hundreds or thousands of dollars and start all over in the next state, under a different name. Fraud and deception or business scams and swindles are all over the internet, the ink and toner cartridge business might just lead the pack on deceit and counterfeit products.

The market has mock machine makers that get you to sign a contract for five thousand to fifty thousand dollars and you send them a check for complete payment. You never get the machine. They’re gone.

Inkjet and Laser Toner Printer Cartridges wholesalers and suppliers you find on the internet are like snake oil sales. They send you bad cartridges and will never refund your money because they say it’s your printer that’s defective. The swindle is that you won’t do anything buy yell when you get cheating out of less than fifty dollars.

We cannot name the names in public. We see one so-called wholesale inkjet and laser toner printer cartridge company selling pretend wholesale prices for let’s say $60.00 and the real wholesale price is $14.00.

Searching, just today, HP Q2612A laser toner printer cartridge, a very popular one, is selling so-called wholesale for $42.00 right now. A NDITC client will pay $14.00, the real wholesale price.

Maybe you should get to know Gregory Bodenhamer, the founder of a great company that’s spreading right to your front door. It’s a New Deal.

New Deal Ink and Toner Company

Email NewDealInk@Live.Com

Web http://www.NewDealInk.Com

http://www.newdealink.com/Program_1_Ink_Business.html Learn about Program One Start Your Own Business.

http://www.newdealink.com/Buy_Program_1__39.html TOTAL CHARGE $39.95 Just getting started and want to start small and learn the business by selling to friends, neighbors and other small business owners.

http://www.newdealink.com/Program_2_Ink_Business.html Learn about Program Two Start Your Own Business.

http://www.newdealink.com/Buy_Program_2__279.html TOTAL CHARGE $279.95 Expand your present day business by including ink and toner cartridges to your present day inventory mix.

http://www.newdealink.com/Program_3_Ink_Business.html Learn about Program Three Start Your Own Business

http://www.newdealink.com/Buy_Program_3__479.html TOTAL CHARGE $1,439.95 Start your very own, full service, ink and laser toner cartridge store. Main Street to on-line stores, across the street or across the nation.

http://www.newdealink.com/Program_8_Ink_Business.html Learn about Program Eight Start Your Own Business

http://www.newdealink.com/Buy_Program_8__979.html TOTAL CHARGE $2,939.85 Build and sustain your very own chain store operations, operate up to eight (8) ink and toner cartridge stores in up to eight zip code areas.

Get your part of the technology money making business. Sell inkjet and toner printer cartridges. NDITC gets you started and shows you how to profit. This could be the day you decide to start your own business with New Deal Ink and Toner Company. You won’t be alone; we’re nationwide and expanding into every neighborhood in America. Starting your own inkjet and laser toner business made easy and affordable.

How about starting your own Ink & Toner Printer Cartridge business for as little as $39.95 and we’ll give you everything you need to buy at the real wholesale price and show you how to sell at profits.

Economic Impact of Local Businesses vs. Chains

Studies have found that locally owned stores generate much greater benefits for the local economy than national chains.

Retail Employment

These studies examine whether the arrival of a superstore increases or decreases the number of retail jobs in the region.

Wages & Benefits

Studies have found that big-box retailers, particularly Wal-Mart, are depressing wages and benefits for retail employees.

Existing Businesses

These studies look at how the arrival of a big-box retailer displaces sales at existing businesses, which must then downsize or close. This results in job losses and declining tax revenue, which some of these studies quantify.

Poverty Rates

Counties that have gained Wal-Mart stores have fared worse in terms of family poverty rates, according to this study.

Social and Civic Well-Being

This study found that Wal-Mart reduces a community's level of social capital, as measured by voter turnout and the number of active community organizations.

City Costs

These studies compare the municipal tax benefits of big-box development with the cost of providing these stores with city services, such as road maintenance, police and fire—finding that cities do not always come out ahead.

State Costs

Because many of their employees do not earn enough to make ends meet, states are reporting high costs associated with providing healthcare (Medicaid) and other public assistance to big-box employees.

Subsidies

The expansion of big-box retailers has been financed in part by massive development subsidies and tax advantages provided by local and state governments. These studies document those subsidies and their failure to produce real economic benefits for communities.

Consumers & Prices

Are chains better for consumers?

Traffic

How do vehicle miles traveled and trips increase as a result of big box developments?

Charitable Contributions

Small businesses donate about twice as much per employee to charitable organizations as large businesses, according to this study

If you can learn these few things, really learn them, study and apply what Gregory Bodenhamer teaches, you’re going to change your success rate, inspire other people, forget about the price of gasoline and start helping other people. New Deal Ink and Toner Company is about people first, they just happen to sell more inkjet and laser toner cartridges than you can imagine. The principles of Gregory Bodenhamer are being taught around the world, one human being at a time. The State College Nollijy University Research Institute sponsors the white paper concerning research and people. New Deal Ink and Toner Company Mechanicsburg Pa is stretching around the world are the fortune 500 group is taking notice.

Hello my name is Dorothy Parker Ph.D. and my know-how and proficiency remains helping other people start and most importantly continue to operate a profitable business ink and toner printer cartridge business. I found Gregory working at a Fortune 100 company as one of a hand full of specialists, helping them grow and profit and the rest is history or should I say history in the making.

Gregory has started and sustained something. It’s called the New Deal Ink and Toner Company for a great reason, it’s never been done before, and it’s truly a New Deal Ink and Toner Company. It’s the very first public company that created and established an entire company based on the people first. Gregory Bodenhamer is the pioneer of people (PeopleNology) companies that just happen to sell products and services. His foundation work is found within fortune 500 companies, initial public offerings, small chapter S corporations and maybe even your local lemonade stand. Many people have never heard of PeopleNology because it’s right under the surface of many companies, making them profitable, making them happy, helping them grow and prosper into the future.

The good news is that with a little planning and some inventory help and advertising help from the New Deal Ink and Toner Company, it is possible to start your very own home based, cash making company. All you have to do is Google the name New Deal Ink and Toner Company Mechanicsburg Pa and get started.

Let's delve a little deeper into how to start a small inkjet, laser toner business from your own home or for that matter from your backyard garage, and help you decide how much planning and money you'll need to be your own boss.

Gregory Bodenhamer giving away the New Deal Ink and Toner Company Concept is your first big step to a new career.

Business is all about people first and products and services second. This is the new way to make money, people first.

Before you quit your job or before you go into business, the potential entrepreneur (you) must always first think of a concept, product or service to generate a steady income.

What do people want?

What do people buy?

Why do they buy those things?

Who do they buy them from?

How much do they pay?

Where do they buy from?

Are they happy?

Are they sad?

Answer these simple questions.

Do you have a computer?

Do you have a computer printer?

Does your printer take inkjet cartridges?

Does your printer take laser toner cartridges?

These are simple questions and your answers bring about a whole new business called the New Deal Ink and Toner Company.

Try not to become a man of success but rather try to become a man of value.

Some more questions?

Where do you buy your inkjet cartridges?

Where do you buy your laser toner cartridges?

Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.

Some more questions?

Do you know people that own computers?

Do you know people that buy printer ink?

Do you know people that buy laser toner cartridges?

And while that may sound easy, it's not. We have just asked some very simple questions that have arranged a multi-billion dollar industry for the most part that’s growing year after year.

If I have been of service, if I have glimpsed more of the nature and essence of ultimate good, if I am inspired to reach wider horizons of thought and action, if I am at peace with myself, it has been a successful day.

More questions?

Have you ever bought inkjet cartridges?

Were you happy with the price?

Have you ever been inside a Wal-Mart, Staples, Office Max, Bj’s Wholesale, Office Depot, Best Buy Store, Cartridge World or any other place that sells inkjet and laser toner cartridges?

Have you ever bought laser toner cartridges?

Do you know a business that has a printer?

Does your school have a printer?

Does your church have a printer?

Do your friends have a computer printer?

Your ability to learn faster than your competition is your only sustainable competitive advantage. Learn more about the New Deal Ink and Toner Company and start your business, start making more money and friends. NDITC 2010

You should conceive a plan that puts your knowledge, experience and expertise to use but in a way that allows you to make the most amount of money. It’s only common sense to plan a business that will make money, with easy to find customers. It’s also very important today to realize that every human being on earth needs something. The good food, water and clothing are always required. But modern neighborhoods are full of modern technology and this technology has needs just like a human being. Realize that technology, specialized equipment like laser toner printers and inkjet computer printers are machinery and tools that require very little skill but does consume things like electricity, inkjet printer cartridges, laser toner cartridges and other consumables.

All my growth and development led me to believe that if you really do the right thing, and if you play by the rules, and if you've got good enough, solid judgment and common sense, that you're going to be able to do whatever you want to do with your life.

In all reality most people now have a computer and just about all computers come with a brand new printer that uses inkjet or laser toner printer cartridges, and they cost a lot of real money.

When first thinking of some business ideas, start with areas you already have a great deal of interest, equipment and materials for or can get quickly at some affordable price.

If your area of experience is not the place for you maybe it’s time that you strike out for something new and exciting and most importantly profitable.

The ink business is kind of like the barber shop haircut business.

The distance between insanity and genius is measured only by success.

You get a haircut often because in just a matter of weeks you need another one. An inkjet cartridge is about the same thing. Your printer requires ink and if you use it, you’ll need another inkjet cartridge in just a few weeks. To eat something is to consume something. To print something on your computer printer eats up ink inside your inkjet printer cartridges. Your printer guzzles ink and burns up a lot of your money.

Inkjet and Laser Toner Cartridges are described as consumables that illustrate that you use them and go buy another one. Your razor blades are the same way. You wear one out and run to the store and buy another. You drive your automobile by using gasoline, when you run out, you stop. When you run out of ink inside your inkjet or toner inside your laser toner cartridges you stop and discontinue printing, the process of printing ends and you must go buy more ink or toner. Sounds simple enough and you can turn out to be the richest man or women on the block if you may sell ink.

Small opportunities are often the beginning of great enterprises.

You can instantly buy a franchise and start your own ink business, but they are very expensive. The ink business does not have to be high-priced but most people just don’t know any better. People, just like you, have been taught through marketing and sales that ink is high priced, exclusive in nature and the brand names like Hewlett Packard, Epson, Brother, Canon and Lexmark is some kind of classy posh ink that you must have.

This is the business that you can start without any of the financial or economic fear that surrounds most business start ups. With very little hard cash you can start selling inside the multi-billion dollar ink business.

The fresh and contemporary author Dorothy Parker Ph.D. allows you the up-to-the-minute information you need to create your own business and launch your own great success. With this fortune 100 pioneer Gregory Bodenhamer Mechanicsburg Pa and the father of his own business you can have a new beginning. The foundation information that you must have is given to you freely and without all the counterfeit advice found inside so many business books. This is a genuine and real life guide book that allows you to start, survive, create success and become a noteworthy seller of inkjet, laser toner cartridges.

You and a bunch of friends can get together and toss your money in the hat and start anything you want. You should know that most business adventures fail. You’ll be glad to know that we know why most small businesses fail. We’ve solved all those problems.

1. You need a customer.

2. You need to know what they need and buy.

3. You need a supplier or factory or make what they buy.

4. You need to make profit on each transaction.

5. You need hundreds or thousands of transaction.

6. You need to understand that business is risk.

7. Customers don’t trust, they try first and then they trust.

8. You need a supply chain, factory, warehouse, store, customers. How do you get it to the customer.

9. You need help and advice from experienced people.

10. You need to sleep at night.

We all know the major brand names within this multi-billion dollar marketplace. The Fortune Companies like Hewlett Packard, Brother, Epson, Canon and Lexmark, just to mention a few, have become too important within the market and have made billions, yes billions of dollars in profit, they have forgotten the customers.

At times, in certain situations,their substantial size and production capacities, their world-class marketing and supply chain capabilities gives them the market capacity to charge too much and too often and trick customers, fund and support deceptive marketing and sales, trap and scam customers by the millions.

Their resources and wherewithal has created and sustained a global market within their product lines. They also have many inabilities, which we will review and talk about for your benefit. Hello, my name is Gregory Bodenhamer and I remain a Fortune 100 specialist and authority within the supply chain, wholesale and retail operations of very big companies.

Getting expert help is the key to success. This will help cut down on the startup costs as you won’t be making the mistakes like the guys down the street. Experience is knowledge and know-how and any company must have growing pains and suffer through start ups, inventory shortages, labor disputes and market changes but expert experience keeps everything in perspective so you can succeed.

For your company to hit the ground running when you do hang out your sign you’re going to need help, maybe a rich uncle etc but one thing for sure you’re going to need customers and products.

As an expert within my specialized field you will find my thoughts and action steps qualified and proficient. The inkjet, laser toner cartridge business is worth tens of billions of dollars. My own career allows me to guide you, show you the way to the direct path to profits, revenue growth and all the good things you can gain by starting your own business. Let me give you a suggestion into the great allusion that has been created by The Fortune Companies like Hewlett Packard, Brother, Epson, Canon and Lexmark, just to mention a few. This suggestion also comes with a warning. The very mention of these facts to your friends and family will create some bitterness and anger so you should keep them hush-hush.

The great illusion or if you prefer the great fantasy is that inkjet and laser toner cartridge components are expensive. These giant global companies have created their own daydream and also the consumer nightmare. Quality ink for your inkjet printer cartridges wholesales within the printing industry for about $60.00 to $75.00 a gallon. If you use a inkjet cartridge refiller service like a Cartridge World, Office Max or even Walgreen’s you’re getting about $0.75 cents worth of black ink for $10.00 to $15.00 dollars. The marketplace has created the false impression that ink is very expensive and very exclusive and very special to your specific printer.

The complete story tells the whole truth.

You need to do some homework. Where can you purchase inkjet and laser toner cartridges?

This great illusion,

the brand name inkjet laser toner cartridge business, like most magic tricks have some reality facts mixed inside all the false impressions.

Did these giant companies, the Fortune Companies like Hewlett Packard, Brother, Epson, Canon and Lexmark, just to mention a few spend millions of dollars on research, chemistry, production discipline, knowledge based research and development? Yes.

These companies and their retail partners followed the American Dream right into your purse or wallet. These companies have done great things with machines, engineers, chemistry, process controls, management, and designs, marketing and just plain old selling their dream to you.

You can print anything you want at home.

This printing technology allows you to enter the art of printing without any special skills.

All you need is their printer and their expensive ink

Doing something you like isn't the only consideration. You need to get an idea of the prospects for the potential business. Is it a business with a market? Can you make money at it? This will require some research into the marketplace as well as how other similar businesses have fared.

Developing a Work Space

Your home is where you live. This means that its primary function is to serve as a dwelling for you and your family - not as a warehouse or meeting place for your business and its clients. Make certain that if you are considering entering the manufacturing business (for example) that your garage or shed is large enough to handle your work - without forcing your family and your vehicles into stormy weather.

Similarly, if your work will be computer-based, make sure that you have the technology necessary to give your idea a fighting chance. In addition, make sure that you have a dedicated area that's cut off from the rest of the house and that can afford you some privacy. Remember, hearing a barking dog or a crying baby in the background when you are trying to work or meet with a client may not be ideal for you or your family.

Outsourcing Partners/Employees

while it would be great to be the sole owner of your company and have complete control of every aspect, sometimes a lack of funds or experience make it necessary to have a partner. In this case, consider someone that is bright, will represent the company well, and has some sort of expertise in the business you are developing, be it sales, marketing, book-keeping, or other financial matters.

Also, try to define the tasks that you and your partner(s) will be responsible for before opening up shop. That way, there will be fewer disagreements and the business will operate more smoothly. Also, make sure that all partners are legally cared for by the company, and that the proper forms are filed with the regulatory authorities - this may mean filing twice and paying for title changes if you need to find a new partner, but it will protect both of you in the long run.

Next, decide if you'll need employees - whether now or in the future. If so, put some thought into how you will get them and what you will pay them for their work. Also, think about how you'll do payroll and whether people will want to work from your home, from their own homes or if you'll need to find another facility to house them.

Doing Your Research

some books on forming a small business suggest that after hatching an idea, an entrepreneur should just "go for it." However, this bold approach could land you in some shaky territory.

Instead, a good first move is to start asking family and friends what they think about your small business idea. Consider asking them specific questions such as:

• Would you purchase this particular product and/or service?

• What do you think its worth?

• What is the best way to market the idea?

• Is this something that you think is a fad, or do you feel it could be a viable business for the long term?

• Is there anything you can think of to improve this idea?

• What other businesses in this field have you heard of or do you currently use for this product/service?

If you're married and/or have kids, you should also be asking your family how they feel about you quitting your job and working from home. This will affect them on a psychological and financial level. If any of their answers are negative, you should spend some time discussing their concerns and decide whether your goal is worth continuing against their wishes.

After obtaining all of this feedback, go back to the drawing board and see if the idea can be improved upon so that your product or service can be differentiated from the competition. Remember, you want to hit the ground running and turn as many heads as possible when first starting off!

Finding Funding

Once you have an idea and the approval of your family, you need to decide how you are going to finance it. Most businesses will need at least a little startup income. This investment will hopefully help you break even after a year, but keep in mind that even successful businesses can remain in deficit for the first few years. Because of this, you will want to tap into a few different sources of funding. Some of these include:

• A small-business loan

• Savings

• Money generated from other investments

• Family/friends who will act as investors

• Personal loan from the bank

• Home equity loan

• Credit cards (as a last resort)

Source capital that won't hamper your longer-term security. In other words, try to avoid racking up costly credit card debt that could cost 20% or more in yearly interest fees. Also, try to avoid borrowing against your 401(k) or other similar plans as this may adversely affect your retirement.

Finally, one of the best things you can do before you take the entrepreneurial leap is to build up an emergency fund to fall back on if your company doesn't break even for a few months. Three months of living expenses is a minimum goal for a new business owner, but even more will help take the stress off of you and let you spend your energy on your company. (To learn more, see Build Yourself An Emergency Fund.)

Covering Your Bases

All business owners should think about what would happen to the enterprise and the revenue streams being generated if health or other issues were to prevent them from being involved in the business. In other words, if the entrepreneur were to become disabled, who would takeover? Could the business survive?

Consider these issues beforehand and determine whether disability income insurance makes sense, or if a partner could fill the void caused by your absence. (To find out more about protecting your company, see The Disability Insurance Policy: Now In English, Protecting Your Income Source and Protect Your Company From Lawsuits.)

Foreseeing the Future

It's great to own a business, but ultimately the entrepreneur will probably want to retire or move on to other challenges. With that in mind, you should create a business plan that discusses how you will transfer, sell or close your company. If your business depends on your unique knowledge and contacts, it may not be able to be assumed by another party.

Conclusion

There are few things more satisfying and rewarding than launching and owning your own home-based business, but before diving in, be sure to do your homework. Making a business work is not an easy task, but proper planning will help to increase its chances of success.

Traditionally, most people took a job with a single company at age 20, worked there their entire lives and eventually retired from that same company 40 years later, often with a nice gold watch. Now, the gold watches are gone and multiple career changes are almost expected over a working lifetime. This has given rise to the professional freelancer, someone who works without long-term commitments to a single employer. They hop from job to job, selling their swords to the highest bidder.

While the idea of being your own boss and enjoying the variety and freedom of the freelancer's life sounds great, these perks come at a cost. In this article, we'll help you decide if freelancing is for you.

To Be Bossed?

First, let's delve into why you might want to keep your nine-to-five job versus taking the free road to working in your PJs sitting on your living room couch.

1. It's Easier Come Tax Time

Employees have the advantage of knowing that their employer is responsible for the mailing of W-2 forms at the end of each calendar year with all of their tax information on it. The employees then will take the information on that form and enter into the appropriate box/line on their tax return (1040), which again is easily laid out.

Freelancers don't get off that easy. In fact, they are required to compile all 1099 forms from domestic employment, document the raw checks they receive from international employers, as well as keep accurate track of the many deductions and expenses they would have incurred throughout the tax year. This can be very difficult and time consuming. It also requires that the freelancer be extremely well organized, and either understand the basics of what is deductible or be able to afford an accountant who does. (To find out how to deduct your home-based business items, check out Don't Overlook These Broker Deductions.)

2. Retirement Accounts/Matching

While not every employer offers employees 401Ks and/or other retirement plans, it has been estimated that some 440,000 companies do, based on research by the Profit Sharing/401(k) Council of America. A good number of these employers also provide employees with some sort of matching contribution that usually vests over time. Freelancers typically do not get to enjoy this benefit seeing as they are not officially an employee of the company. (To learn more about matching contributions, see Introductory Tour through Retirement Plans, Making Salary Deferral Contributions - Part 1 and Part 2.)

Those who work for themselves may be permitted to set up Keogh Plans or Simplified Employee Plans to help fund their retirement, however they can be costly and time consuming to administer. Plus the contributions come from the employee's pocket. In other words, there is no "free money" to be had or matching programs available. (To find out how to establish your own plans, check out 401(k) Plans For The Small-Business Owner, Plans The Small-Business Owner Can Establish and Tax Credit For Plan Expenses Incurred By Small Businesses.)

3. Health Insurance

Based on a 2006 study by the Kaiser Family Foundation, roughly 60% of businesses in the United States offer their employee's health coverage. And while not every company absorbs the full cost of that insurance (some require employee contributions), the majority of the burden does traditionally fall upon the employer. This is a huge benefit for the average employee, given the rising cost of health care. (To read more on this subject, see Fighting The High Costs Of Healthcare and Five Insurance Policies Everyone Should Have.)

Freelancers typically must go into the open market and purchase their own insurance for both themselves and their families. Unfortunately, this can cost the freelancer thousands of dollars in after-tax money each year. The bright side is that the cost of insurance (co-pays and the like) may be deductible.

4. Set Hours and Stability

Full-time employees generally have set hours, which is great for guaranteed income and job stability. From a future employer's perspective, it also looks better if you have worked consistently at one company for a period of time, hopefully advancing in the position. There is very little room for a freelancer to edge out employees in this aspect, so if you aren't sure you could pull off freelancing, it may hurt more than your current bank balance.

Freelancers, though able to work whenever and wherever they are, generally end up doing just that - working more hours than intended on weekends, evenings and holidays. These non-traditional work hours can wreak havoc on family or personal time. In addition freelancers often have peaks and valleys in terms of work flow. They will either be incredibly busy for a time or be incredibly slow for a period of time. It takes a long time to find a common ground with a workload that will pay bills and increase a portfolio.

Or, Not to Be Bossed?

Now, let's take a look at what benefits there are to be found in branching out on your own.

1. Numerous Deductions

Freelancers who work from home are permitted to deduct expenses that they incur while performing their duties. This means that they may deduct the cost of computer paper, a computer, laptop, BlackBerry, cell phone, travel, and a myriad of other expenses that employees would not typically be permitted to deduct. If the items are used for personal and professional duties, then only a portion of the items will be deductible.

This benefit can run into the many thousands of dollars and can help to offset some of the federal and state income taxes that would otherwise be owed by the freelancer. (To get started, see How To Qualify For The Home-Office Tax Deduction.)

2. Variety and Flexibility

Employees are usually given a task or duty and then asked to repeat again and again, often for what can seem like eons. There is very little flexibility. Plus, these people rarely have the ability to branch out and learn new things.

Freelancers don't have such restraints. While they may work in a particular field such as finance, they usually have varying duties and deadlines and interact with a number of different people. As a result, they are much less likely to be pigeon-holed in a particular position.

3. Compensation

While it is not true in every case, the majority of freelancers (especially in the financial world) tend to be paid more per hour than their full-time counterparts. A major reason a company will pay a contractor a higher rate is that it doesn't have to provide health insurance coverage to its freelancers or generally pay their taxes for them. Freelancers must learn to budget in their income taxes into their requested rates so that come tax time they aren't paying out of pocket for work already completed and paid for.

Companies also offer higher hourly rates to get freelancers interested in their projects. Competent individuals don't come cheap, especially for short-term projects (three to six months) .

4. The Commute - or Lack Thereof

Many freelancers these days telecommute. All they have to do is flick on their computers from the comfort of home, and technically, they are at work. When it comes to the commute, freelancers usually have the advantage over employees who must hit the road during crush hours and spend valuable time, money and energy combating this nasty traffic. (Keep reading on this subject in, Extreme Commuting: Is It For You?)

Bottom Line

There are many advantages and disadvantages to being a freelancer. Being your own boss is great, and working from home is a big bonus, but before you take the plunge its imperative to carefully weigh the downside. Varying workloads and a lack of employer-funded healthcare, insurance and retirement planning can quickly destroy the benefits of "pajamas 'til noon".