www.ebizyourhome.com http://www.ebizyourhome.com Thu, 21 Jul 2011 00:00:00 +0000 en hourly 1 How To Become A Legal Sole Trader http://www.ebizyourhome.com/2011/07/21/how-to-become-a-legal-sole-trader/ http://www.ebizyourhome.com/2011/07/21/how-to-become-a-legal-sole-trader/#comments Thu, 21 Jul 2011 00:00:00 +0000 admin http://www.ebizyourhome.com/?p=9 In order to become a legal sole trader, simply use the sole trader’s name or create a business name. After establishing a name to operate under, secure permits or business license. In addition, acquire the appropriate insurance policy to cover all associated risks. In most cases, sole traders are mostly held responsible for any damages that may occur during the operation.

Set up a commercial office space or home office space. As a sole trader, hiring employees can be done the same way a business hire employees. To run a sole trader operation, purchase an inventory or core equipment. Although an inventory may not be needed by a service-based sole trader, several operational tools may come in handy. For example, a sole trader for a laundry delivery service will require a van that is capable of convenient transport, and comes with custom laundry bags for pick-ups.

To get the word out about the sole trader business, market it to potential clients with newspapers, radio, promotional business cards, magazines, fliers and television. Another great way to get the attention of potential clients is to create a promotional website. This will allow the sole trader business to be marketed on well-known sites like Craigslist.

]]> http://www.ebizyourhome.com/2011/07/21/how-to-become-a-legal-sole-trader/feed/ 0 How Much Import Tax Is Payable On Certain Products? http://www.ebizyourhome.com/2011/07/19/how-much-import-tax-is-payable-on-certain-products/ http://www.ebizyourhome.com/2011/07/19/how-much-import-tax-is-payable-on-certain-products/#comments Tue, 19 Jul 2011 00:00:00 +0000 admin http://www.ebizyourhome.com/?p=8 There is no set flat import tax which is placed on all imports and exports into the country. The only way to truly figure out the import rate is to know what the “certain” product is. When a person travels to another country and brings back certain items, such as: food, alcohol, consumer goods, and other products which are not sold in their home country, they are required to pay an import tax in order to have that product shipped back into their home country.Never heard of this before? Get up to speed here. The import tax is determined on the type of product being brought back, the weight, the shipping details, and other factors which are taken into consideration by the travel industry.

All products which are imported from an outside company will carry an import tax. The amount which the officials of the two countries, and that the airline officials are required to charge the traveller, is dependant upon the product type, and the cost it actually took the airlines to ship it back over. Most airlines will also charge a fee for their services of shipping the products for travellers. Whatever the base import tax on products are, is only determinable once it is shipped back to the consumer, there are no base rates.

]]> http://www.ebizyourhome.com/2011/07/19/how-much-import-tax-is-payable-on-certain-products/feed/ 0 Top Ten Rags To Riches Stories http://www.ebizyourhome.com/2011/07/16/top-ten-rags-to-riches-stories/ http://www.ebizyourhome.com/2011/07/16/top-ten-rags-to-riches-stories/#comments Sat, 16 Jul 2011 00:00:00 +0000 admin http://www.ebizyourhome.com/?p=7 There is always something new that needs to be created and there is always room for a new business to be started. Here is our list of the top 10 rags to riches stories.

1. John D. Rockefeller grew up poor, but he still managed to start an oil company that made him a billionaire.

2. JK Rolling went from living on welfare to being a self-made millionaire. She followed her passion and become a bestselling author.

3. Chris Gardner went from sleeping in subway station bathrooms to be being the owner a brokerage firm.

4. Andrew Carnegie grew up poor, but he managed to start a steel company worth 120 billion dollars.Want more? Click here/tag

5. Oprah Winfrey was born to single teenage parents. She grew up poor, but she did great in school. She now owns her own magazine and TV network.

6. Steve Jobs is a college drop-out and the founder of one of the world’s most famous face high- tech brands. He is worth billions of dollars.

7. Walt Disney was fired from his job for not being creative enough. He is now the founder of the most creative place in the world.

8. Akio Morita grew up poor but also founded a large entertainment company.

9. Richard Desmond lived in a garage apartment and is now a billionaire who owns several magazines.

10.Ingvar Kamprad went from selling matches to being the founder of a well-known furniture company.

]]> http://www.ebizyourhome.com/2011/07/16/top-ten-rags-to-riches-stories/feed/ 0 How To Open A Business Bank Account http://www.ebizyourhome.com/2011/07/14/how-to-open-a-business-bank-account/ http://www.ebizyourhome.com/2011/07/14/how-to-open-a-business-bank-account/#comments Thu, 14 Jul 2011 00:00:00 +0000 admin http://www.ebizyourhome.com/?p=6 To do business in a way that shows professionalism and consistency, anyone making transactions that involve the exchange of financial instruments should always open a business bank account. The account should be separate from personal funds and must be maintained with accurate record keeping.

The first step to opening a business banking account is to shop the area to find out which banks have the best options, features, and perks for doing business with them. Try to make sure that the things they offer are valid and will not be temporary.

After finding the bank to which the account will be held, the next step is to find out what their criteria is for maintaining a business account with them. Different banks at various locations may have different criteria even though they are owned by one bank. Some of the criteria may include, but is not limited to, will be having up a tax payer identification number, having an incorporation seal and package, having a physical address, having a good personal credit history, depositing a certain amount, or other requirements.

Once all of the items that are needed are gathered, it is a good idea to call the bank ahead of time, make sure that there are no items missing, and then go to the bank and speak with their business accounts specialist.

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