2007-01-20 17:18:51 · 8 answers · asked by kittu 1 in Business & Finance ➔ Small Business
If you want to PROVIDE self-employment and become wealthy, open an business incubator. There are many kinds of incubators and the funding or grants that are available for the company that opens an incubator are numerous.
A Business Incubator is a facility designed to assist businesses to become established and sustainable during their start up phase.
Typically, they do this by providing:
shared premises
business advice
business services
access to investor, market and international networks
mentoring
a full-time, hands-on management team.
The incubation period for an individual business is normally two to three years.
US statistics show that business incubators increase the survival rate of start-ups from 35 percent to 87 percent.
Some of the incubators are technology, research, restaurant, etc. Some of the grants are state, federal, economic development, community development as well as some foundational grants depending on the mission of the incubator and the target entrepreneurs. Incubators offer office equipment for a fee, business support, technical support, office and or warehouse space, investment monies for a percentage of the businesses housed in the incubators. The businesses housed can vary from 10+ Start your research with the websites I listed below and email me if you have more questions or need more resources. Please if emailing let me know what the question was that you asked. Good Luck!
2007-01-20 17:48:02 · answer #1 · answered by BellaDonnaRev 3 · 0⤊ 0⤋
In fact,self employmenmt is the key of self management.The govt. should encourage the fresh or experience people to go for self employment in various sector and set their earning according to their working capicity.Banks and other govt.departt. should come forward to help these people and its going to sort out burden of unemployment and the country will get new enterprenure.Self employment not only provide self earning but also give boost to their level of comfidance and understanding level.And its a need of time at least for our country.Let's hope the govt. will listen this song at the earliest.
2007-01-20 17:33:08 · answer #2 · answered by ratan d 1 · 0⤊ 0⤋
communicate with a tax professional. in many situations you could have a state and native revenues tax license in the previous accumulating revenues taxes. maximum states provides you with a discount e book once you get your license which could have submitting training and cut-off dates. commonly you record month-to-month, yet there are some circumstances the place you record quarterly. As to federal taxes, you will could record as self employed. meaning you will pay a form of sixteen% federal self employment tax as nicely to any state or federal earnings tax you could owe. once you're making over a definite quantity you could could record quarterly estimates that are such as w-2 withholding. Your taxes (as a sole proprietor) are based on your internet income so which you would be able to shop song of all of you employer earnings and expenditures. definite, your tax professional can shelter all of it for you, yet they'll charge lots in case you pay them each and each month just to record your revenues tax. you're greater advantageous off hiring them that may be useful you placed up your e book conserving utility like Quickbooks so which you would be able to cope with you daily stuff on your individual.
2016-10-31 21:33:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes. Keep every receipt spent for the business. Keep track of all your milage doing any business related activities. Get a good tax person. And work like crazy to keep yourself working. Promote. Promote. Pormote. Get a good business card. Very rewarding! Good luck!
2007-01-20 17:29:51 · answer #4 · answered by appalachian_panther 4 · 0⤊ 0⤋
it is in the USA. There are thousands of self employed people there. They are known as "independent contractors". They provide all sorts of services for regular companies.
2007-01-21 19:02:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes. Anyboday can start small business by taking loan from financial institutions like banks etc. Now interest rates have also reduced.
2007-01-20 17:32:05 · answer #6 · answered by Sunita B 1 · 0⤊ 0⤋
yes, yes it is. the possibility of being wealthy is much higher than that of a regular corporation job.
2007-01-20 17:24:38 · answer #7 · answered by fisticuffs 4 · 0⤊ 0⤋
Two of my brother's are self-employed. They each own their own business.
2007-01-20 17:22:25 · answer #8 · answered by Mickey Mouse Spears 7 · 0⤊ 0⤋