Beginning and running a work from home business is thrilling, but there’s a lot of challenges you must overcome first.
If you need to “wine and dine” your clients, remember that you can deduct expenses like these from your taxable income. These meetings will always count as business expenses. Just be careful to limit these deductions to expenses incurred while entertaining clients or prospects, or you may not be able to get these deductions.
You should set up a backup plan just in case your work from home business is not successful. You need contingency plans set in place for any type of web hosting issue or a product isn’t received. Planning for bumps in the road will help you will be able to handle it smoothly if it occurs.