Usually The IRS Gives Small Business Startups Three Years To Become Profitable

Life is not a beach for an entrepreneurial small business startup, especially in these times.

Typically, any entreprenuerial small business startup has three years to invest money (time, energy, etc) into creating a profitable business plan. And in this usual and customary time frame, startup expenses are tax deductable. After that, the IRS will ask a simple, and appropriate question: Is this a hobby or a business?

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Questions Are The Answer

Do you love the way you think? The quality of your thoughts? Their depth and breadth?Their frequency?

Not everyone can juggle. Or speed read. Or type 100 words per minute. Some can’t stand the site of blood while others thrive on being an EMT (emergency medical technician).

Still others hate to think too deep or for too long. Too painful. Too revealing.

Nevertheless, questions are the answer.

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Ready to Retire in Mid Life?

Not quite yet.  But, I’ve been thinking about it for a couple years.

What is retirement anyway?

What do people do for income?

What do they do for self-esteem?

Are we resigned to slowly decay?

Will we finally be able to do all the things we always wanted to do?

Will we be bored stiff or amazingly active?

Will we be an example or a warning, on how to live life?

The good news?  I have formulated answers to these and, more importantly, have taken action.  Have you?

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