A Brief Guide to Managing Expenditure For the Small Business Owner

Whether you are just starting out or are a seasoned business owner ‘small business’ by its very nature means that everything is reduced in size; this usually includes the budget. Having less money to play with does not mean skimping on necessary expenses, but it does mean a lot of very carefully considered cost control. It is important to remember to be realistic, running a business costs money, there will be overheads, but with a sensible budget you can keep the largest numbers in the profit column where they belong. There are some inevitable costs of course that can’t be avoided, but there are ways to reduce them.Electronic CommunicationIn this day and age no one can run a business without at the very least a telephone, although let’s face it most business also have to run computer systems and pay for mobiles as well; yes the planet has shrunk and we are all very grateful for the ease that all of this communication technology brings to the business world, but it does cost. Knowing that these costs are unavoidable is actually an advantage, if you accept that you’ll need, phone lines, internet and mobiles for instance, research the various package offers that communication companies offer to business customers, getting everything in one place could save a hefty sum. Don’t be afraid to haggle either, many companies are prepared to work for your business and do have savings that they can break out if you are prepared to commit to them for a period of time.Business Premises Of course you will always need somewhere to operate from and rent can be one of the largest bills any small business will have to pay. This is another time when you will need to be brave enough to haggle a little; remember that there are fewer businesses around these days and therefore premises owners are keen to have committed tenants in their buildings, you may just find that they may want your customer enough to re-negotiate your rent. Of course if your operation is small enough it may be an option for you to either work from home or a converted domestic building like a garage or garden shed.MarketingCutting costs here is more often than not something of a false economy; it is essential to market your business in order to keep moving forward. Advertising budgets are vital, but there is absolutely no reason to be careless with them. Constantly review where your customers are coming from, if certain advertising is not working as well as other types, make changes, increase what works and drop what does not.. By always knowing how your marketing is working for you, you are unlikely to have much wastage in this area.UtilitiesNow that the various companies out there can offer more than one type of utility it is possible to get package deals from some suppliers who can offer all of your power needs under one roof. Also look to bargain with each company for the best price, in such a competitive market they may be prepared to under cut their competitors in order to win your business.So although one cannot ever hope to run a business for free, there are plenty of ways in which the creative business owner can run a successful budget that allows profit to continue to increase, while keeping everyday costs as low as humanly possible.

Easy Fitness – Running

Many people have tried running, and many people have hated it. The roots of this displeasure can be traced to the running boom of the 1970’s, when running proponents, caught up in a near orgiastic buzz, loudly pronounced that the best approach to running was longer, faster, and harder, and they did exactly that – until succumbed to debilitating injuries.But if you do it correctly – meaning, with moderation – running doesn’t have to mean pain and discomfort. More important, its potential for weight loss and fitness gains is impressive. For example, running at a sedate 12-minute-mile pace burns roughly 10 calories a minute. Kick that up to an 8-minute-mile, and you’ll burn 15 calories a minute. That’s 600 calories burned in a 40-minute run.The most important concept is to stay below the threshold of fatigue and soreness. Running is great exercise, it’s a great fat burner, and it’s convenient . But you have to be smart about it.Running in ModerationSmart running means ignoring people who say that you won’t get any benefits unless you’re spitting your lungs up. Even the best runners intersperse hard training with plenty of slow running and outright time off to allow for recovery.Running puts a lot of stress on your body. Each time your foot strikes the ground, it hits with a force equal to three to four times your body weight. Runners who ignore this fact and consistently push themselves to fatigue do so at their own peril.Begin With Caution – If you’re out of shape, you’ll need to start slower than if you’re already active but not running. The really important thing is to monitor your soreness.If you’re sore, you’re doing too much, and you need to back off.Out of shape runners start with 30 minutes of walking, three times a week. When this starts feeling comfortable, kick up the pace, but still limit the walk to 30 minutes. Then add some jogs to that 30 minutes.Add Time To Your Routine – A lot of people are already running, though not much. Typical is the runner who notches 2 to 3 miles in 15 to 30 minutes. That’s not a bad workout, but if you want to really burn some fat, you need to increase the time to a minimum of 45 minutes.Follow The 10 Percent Rule – If your normal run is 20 minutes and one day you decide to go for 40, you’re going to get hurt, not fit. Stick to a more measured approach. Each week, boost your running time by 10 percent. By giving your legs (and lungs) time to adapt, you’ll find that you’re no more tired after a 45-minute run than when you were doing one half as long.Break It Up With Walking – There isn’t a running cop out there who will bust you for changing pace when you start getting tired. A lot of runners, experienced and beginners alike, will alternate 5 minutes of running, with 5 minutes of walking. By allowing time to recover, you’ll find it’s easy to stay on the move for 45 minutes or more, and the run will be more comfortable.Interspersing a run with walking may sound tame, but you lose little and gain much. For example, when you jog for 5 to 8 minutes, then walk a minute, you’ll burn 95 calories a mile. Jogging continuously will burn only an extra 5 calories. It might sound sedate, but a combination of walking and running will turn you into a fitness animal, and it’ll keep you at it.Change Your Running Pace – Even if you’re beyond walking/running stage, it’s still smart to incorporate easy jogging into your hard runs. Advanced runners often take a slow jogging break every 10 minutes.Don’t Skip The Preliminaries – In a perfect world every run would begin with 10 minutes of light jogging to warm up the muscles, followed by 10 minutes of stretching. But the real world is not that generous with time, and trying to cram a run plus stretching into a lunch break is impractical. A quick way to prepare your muscles for the run ahead is to jog very slowly for 10 minutes before running. If it is cold out or you’re unusually stiff, walk for 5 to 10 minutes before taking that easy jog.Don’t forget to cool down when you’re done. Ending a run with a punishing sprint and a screeching halt will leave your muscles wallowing in lactic acid (a by-product of hard exertion), making you sore and stiffer. Ending your run with a 10-minute jog allows blood to flush lactic acid from the muscles.Staying ComfortableRunning is a hard sport (if it weren’t, it wouldn’t burn many calories), and it’s crazy not to try to make it easier. Before setting out, here are a few things that you should keep in mind.Think Soft Surfaces – As mentioned earlier, every time your feet hit the ground, they’re generating a tremendous amount of force. To reduce shock to your joints, seek out soft surfaces on which to run.Cement and concrete are the worst. A better surface would be dirt or grass, or, if there’s one nearby, a running track. These are often made from spongy rubber surfaces such as Tartan, which are very forgiving on the feet.Drink Often – This is obvious advise that runners all too often ignore. In fact, runners typically replace only 50 percent of the fluids lost during exercise. That’s why they’re continually confronting thirst, headaches, dizziness, and even vomiting, the various stages of dehydration.It is possible to lose tremendous amounts of fluids when you run – up to 6 pints an hour during vigorous exercise in the heat. Neglect to replace those fluids, and you might find yourself bent double examining your shoes.Drink 16 ounces of fluid 2 hours before a run. While you’re on the road, drink 5 to 10 ounces of fluid every 15 to 20 minutes.Many runners swear by sports drinks. While these drinks do replenish carbohydrates and electrolytes, their most important ingredient is water. Water is the most commonly overlooked athletic aid.Save Your Lungs – The key benefit of running is that it gets you breathing hard, but when you’re an urban dweller in a sea of bus exhaust, the equation seems a bit less straightforward.You can’t avoid pollution entirely, but you can time your runs so that it’s a little less noxious. On sunny days – when car exhaust and sunlight combine to form ozone – it’s smart to run later in the day after the ozone has been depleted or early in the morning before it has a chance to form. Running on cloudy days is good. So is running after a thunder storm because rain flushes ozone from the air.Having FunRunning doesn’t have to be drudgery, though every day thousands of runners do their best to make it so. If you’re going to stick with running (or, for that matter, any exercise program), you have to shake things up now and then. Often we develop a sort of teeth-clenching, rigid approach to our exercise. We need to open our eyes, look around, and remember that we’re supposed to be enjoying this.Change Course – Many of us run the same trail in the same direction and at the same time of day – day after day. Why not do things differently?For example:
If you run the same loop every day, try running that loop in the opposite direction.
Rather than religiously keeping the same pace and distance, play with the numbers. Instead of running 5 miles, for example, make it 3 – but run a little faster. If you usually run 3 miles, make it 5 – but slow your pace to accommodate the extra effort.
Running in a new place is a great way to get your mind and body charged.
Run With Friends – It’s fun to have someone to run with. Plus, having a regular running companion means that there’s someone who will boost you out of bed on days when you would just as soon blow it off. They can give you a swift kick in the rear if you’re thinking about not getting out there.Go Wild – Running off-road has lots of advantages. There’s no traffic, no yammering toy poodles, and few, if any, people. Plus, dirt and grass trails are more forgiving on your joints, and the terrain’s ups and downs offer a challenging workout.

Your Online Business and Taxes

A popular delusion concerning online businesses and taxes is that there is no connection between them. It is a general belief that online businesses are not taxed, and this is a major reason for their increasing popularity.If you have an online business or are thinking of starting one, you are most certainly aware of the ongoing controversy concerning these businesses and taxes.Someone who is not knowledgeable about online businesses and their tax status might assume that online business owners are exempt from having to pay taxes.The reality, however, is that online business are taxed.Quite commonly, online businessmen use, “But I’m working at home,” or another sorry excuse to avoid paying taxes.Their most common excuse for not paying taxes is the “working at home” one. The fact, however, is that taxes are based on the amount of income, its source, and the products and services sold, not on the site of the enterprise.This being the case, you must pay taxes whether you work from home, in a store, or anywhere else.An online business is taxed just like other businesses, and Internet taxes are due just like all business taxes. The method of operation or the location of a business do not determine income taxes, but they are based rather on the type of business.Like all businesses, an Internet-based business must register for GST and PST, if applicable. It does not matter if your online business is incorporated or a sole proprietorship, you still must complete the proper forms so it is legal and you must pay the taxes due.The responsibility for paying taxes is basically the same whether the business is online or has a physical location.What about federal taxes and your online business?You still must pay federal taxes for an online business. It’s only fair that you pay your share of taxes, so, instead of complaining, you need to learn about the federal taxes that are due.If your business is a sole proprietorship, the income earned online will be taxed as income on your personal tax return (PTR).Additionally, you must pay Social Security and Medicare taxes using Schedule SE.But if your business is incorporated, the method of paying taxes is somewhat different than for a sole proprietorship.It is possible that the incorporated business tax will depend on the type of organization. You will pay tax either at a corporate level or as income.Figuring the taxes due for an online business can be quite complicated, so if you are not a tax expert, you might want to have a lawyer or certified public accountant do the work.