Business Plans | Marketing | Raising Capital | Management
BARON Wealth Coach Discusses
Building Wealth Through Entrepreneurship
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Wealth coach William R. Patterson explains
why everyone should own a business.
|Have you ever wondered why some people are able to become millionaires in less than five years, while others struggle their whole lives to achieve financial independence?|
Discover the answer with BARON Wealth Coaching.
|"With William as my wealth coach, in less than 16 months, I have generated more than $70,000 and developed the skills and confidence to realize greatness."|
— N. Kali Mincy|
|"In our first 90-minute wealth coaching session, William helped me identify ten new streams of income that could triple my revenue in less than a year."|
— Merletta J. Martin|
Merletta J. Martin Gallery
Immediately Increase Your Cash Flow with a
Small or Home-Based Business
By William R. Patterson
"One of the statements I most often hear from people
is 'I can't get ahead because I'm living paycheck-to-
paycheck.' Well starting a small or home-based business
is a great way to immediately increase your cash flow and
begin building wealth."
By starting a small or home-based business, you are likely to increase your tax deductions, so you can work with your accountant and adjust your withholdings to free up more cash flow throughout the year to invest or operate your business. This is preferable to letting the government hold your money all year without paying you a dime in interest.
The government encourages business ownership and rewards entrepreneurs with increased tax credits, deductions, and shelters. And not only do you have these lucrative tax benefits through your business, you also have the opportunity to stash away more money for retirement by setting up a SEP IRA, Keogh plan, or 401(k) for your company.
When it comes to financing your business, there are quite a few options available. For smaller companies, you can partner with others, pull in sponsors, and develop trade lines of credit, which are surprisingly easy to get for those with the right knowledge and properly structured businesses.
If you need to travel, purchase office supplies, computer equipment and other necessities for your business, this can all be done through your company using business credit that does not require a personal guarantee and you can receive major tax deductions for doing it.
On BaronSeries.com, you will find links to the top 20 part-time and home-based businesses that you can start with little money as well as supporting software, business planning resources, and startup guides.
Remember, in order to build significant wealth, it is important to move away from a one-to-one relationship with money, where you trade an hour of your time for a specific dollar amount. Instead, dramatically increase your leverage by mastering the ability to create a product or service once, that you can sell infinitely.
Learn today how you can build wealth with your own small or home-based business. Through the BARON Business Coaching Program you will have access to one-on-one guidance from an expert business coach who can help you rapidly achieve success by leveraging over 200 BARON business and financial accelerators.
Next: Finding the Right Business Partners
Related Services: BARON Business Plan and Offering Memorandum Preparation
Training: THE BARON SOLUTION 5-Week Entrepreneurship Training