• New Business Startup Checklist Steps 4 & 5 of 10

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    A signal convincing to come into the retirement business plan were open

    STEP 4

    Planning For Retirement Prepare A  Schedule Of Monthly Business Expenses.

    Going back to fundamentals, you need to generate positive cash flow, which is not the same as generating revenue. Positive cash flow occurs when your revenue exceeds your expenses. Your net cash flow must cover your personal expenses. If these numbers don’t work, you’re going to put stress on yourself and nothing positive comes from stress. That’s why I strongly suggest having the 1-year expense cushion.

    These numbers are only estimates, your actual expenses will be different. I highly recommend overestimating these. Inevitably you will get hit with unexpected expenses, both business and personal.




    So, you crunched the numbers and are determined to move forward. Many times, I have found that entrepreneurs move forward despite what the numbers look like. I’ve done it and learned very expensive lessons. Some of those lessons turned out to be invaluable lessons, on what not to do, while some worked out proving my intuition was right all along. If you are one of those that choose to move forward, despite what the numbers look like, I highly suggest you read my book “From Myths To Money” available on Amazon. Have faith and tenacity, you’re going to need it!

    STEP 5

    Legal Structure

    These are your options when it comes to your legal structure as a business. If you don’t formally choose one of these, you are a Sole Proprietor by default. If you create a Not-For-Profit and don’t set it correctly, you can face some serious legal repercussions. Before you do anything, seek the advice of a good accountant and/or tax attorney. I say accountant and/or tax attorney. Because most attorneys are not versed in tax strategies. Choosing the wrong structure can cost you a significant amount of money.

    • Sole Proprietor
    • Partnership
    • Corporation
    • “S” Corp
    • LLC
    • Not for Profit

    Most starting business checklist and small businesses should be structured as an “S Corp” for legal and tax planning purposes. I’ve seen many new business owners and business ideas, choose to be structured as an LLC without knowing the tax implications. I have included an article on being taxes as an LLC and self employed vs being taxed as an “S Corp”. For more information download my FREE copy of Business Structures


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    A businessman hold the newspaper about the New Business Checklist


    Failure is not an option, starting out on the right path is. A vast majority of business failures are the result of simply not knowing what you don’t know, what you need to know.. Most entrepreneurs face a rapid succession of crucial business decisions on subjects they never encountered before. Many don’t know a good professional, and/or can’t afford one, so they do what any good entrepreneur does, they wing it. “Winging it”, when it comes to starting a business is not the best option, using this article is. That doesn’t mean you should use this as a replacement for a professional, just as a guide that will inform, educate and empower you.

    Don’t waste your money! Before any business starts, and needlessly spend money they skip over the 1st fundamental step of every business, which is the viability of the business. There are some simple steps to take before formally launching. I cover that in following blog posts.

    Having money to spend on your business can actually be a detriment. Many enthusiastic entrepreneurs tend to overspend on things that won’t necessarily increase their odds of success, myself included! Laying out a few simple budgeting items can make or break you, especially if you have limited funds. I cover this in steps 2 – 4.

    Legal, tax and insurance compliance, and administrative issues, if not correctly implemented from the start can cost plenty, in both time and money. I cover these in step 5 and Other Relevant Issues.

    So, before quitting your day job to open your small business ideas list I strongly suggest reading the entire series. Good luck with your venture!

    Step 2

    Prepare A Monthly Personal Expense Budget.

    You need to determine how much you need to generate in distributions from your business to at least meet your monthly outlay. Unless you are already out of work with no other income options, you need to keep paying your bills. Don’t just quit your job unless you have at least a year’s worth of savings to carry you through.

    The reason for this is that without a cushion you will feel the stress of having to make money. Stress clouds our judgment and drains our energy. You always need to be in tip-top shape mentally and physically. You’re going to have enough distractions and obstacles, to begin with, and don’t need to add any self-imposed burdens on yourself. Additionally, knowing what you need is 1,000 times better than operating in the dark. Knowing your numbers is essential if you want to run a successful enterprise.

    On the next page, there is a simple worksheet to help you to determine your monthly nut. Don’t make the mistake of omitting things like meals and entertainment, vacations, holidays, birthdays and the all-important surprises that are sure to occur like the car and home repairs. If you have children leave a nice big fudge factor. This is just your expenses, not revenue and not even broken out on a monthly basis. It’s just an estimate. So, don’t go into needless details. Keep it simple!



















    After checking off the personal expense budget, one of two things will happen.

    Reality will set in and you will realize that starting a business checklist is a big risk, not worth taking or to proceed with caution.

    You want to go on to the second item on the list.
    Step 3

    Prepare A Schedule Of Startup Cost.

    These are the expenses and capital investments associated with getting the business off the ground before you start generating revenue. This is another potential blow to your plans on starting a business. Reason being is that entrepreneurs are full of enthusiasm and optimism, which is needed, but also one of the characteristics that get us into trouble. Getting the numbers down on paper brings us down to earth revealing exactly what’s at stake financially. It’s also the first step in learning how to know your numbers. Part of running a small business ideas list and successful business is knowing your numbers.















    If the information here resonates with you, and you have questions, comments and or suggestions let’s talk! Click Here.

    Thanks! Joe

  • What is Affiliate Marketing Business?

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    Do you ever order from Amazon?

    Smiling Buddha metalThe Affiliate Marketing business and learn affiliate marketing is an industry, period! Is it really? No, I think it’s a business model. Wait! No, it’s a referral business. Not really. What is it then? What’s the difference? Really? Why put a label on it when you can be in your own business less than 10 minutes!

    It’s as simple as creating a link from Amazon for something you really like and just bought. You can actually be in business in less than 10 minutes!

    Learn about Affiliate Marketing Here

    What if?

    The word inside the blue rectangle explaining what's your's storyWhat if I look at it as a profession? Why not learn how people are making money with affiliate marketing? And if I can learn how they do it maybe I could apply it to my existing business and who knows……


    What if? Click Here

    I need to focus!

    The quotes defines about My Definite Chief AimAnd that’s a fact. Bruce Lee, the famous oriental actor and revolutionary/visionary individual adopted “A Definite Chief Aim” as was suggested by Napoleon Hill in “Think and Grow Rich” as well as “Law of Success”. Bruce Lee has an unbelievable story of Tenacity and can show you exactly what it takes to succeed.





    A puzzle and two hand trying to combine and make unityThe fact is that no matter what kind of business you’re in you can do a lot better when you’re on the web. The Wealthy Affiliate platform provides all the tools, affiliate marketing training support and community anyone could need to be on the web, in a BIG way!



    You don’t have to take my word for it, check it out for free yourself here . I A business man thumbs up about the retirement solution successthink that if you are really serious about being Successful then you NEED to check out affiliate marketing programs and support available. As always I welcome all comments and suggestions as well as an open invite to visit me at and request a free chat.

    Time With Joe

  • Reliable Wealthy Affiliate

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    A Platform Designed For Affiliate Marketers of All Levels

    I have never done a product review but part of the training I've gotten from Wealthy Affiliate has shown me that they can be powerful and I can understand why. After buying a few items from Amazon it occurred to me that I don't buy ANYTHING without checking out the reviews. The more reviews the better. I believe that it's one of those things the internet has done to help level the playing field, all to the consumer's benefit. Who wudda thought that when TBL (Tim Berners-Lee) created the World Wide Web this would result. It's not like he woke up one day and said: "I think this platform would be great for product reviews that will keep everyone a little more transparent"... Technology, innovation, breakthroughs...often lead to unexpected positive results, not always what was intended. I believe that it's usually the result of hard work, tenacity, and teamwork that lead to "other benefits". "Tang" was the result of the space program creating a way for astronauts to eat in space. It's hard to keep OJ fresh so they came up with this powdered drink. It's not around anymore but it was big at the time.  That's why the effort is so important and let me tell you, Kyle and Carson, the guys that started Wealthy Affiliate probably had no idea what good they were creating. Or did they? That's an interview I will have to do when I meet them in Las Vegas.


    That's a great question! That's how I found Wealthy Affiliate. I was interested in the affiliate marketing business because a friend of mine planted a seed a long time ago. He was making, at the time over $6,000 a month from affiliate sales. That's from people going to his website and ordering domains from Godaddy,, and a bunch of others including people he has close personal relationships with. The thing is that affiliate marketing is not his business. He simply has a resources page on his website. He makes money writing, speaking, doing events...The affiliate thing is just gravy for him. A no-brainer. Why? He only sends people to places he uses. If someone called him and said "hey, where should I buy a domain?? he would send them to Godaddy. Other than the setup there's no work involved. He just drives people to his website. That's the key! Driving people to your website. They click, buy and you earn a small "finders fee". You can sell other peoples products or have other people sell your products. That's it! But how do you do it and do it well? That's how I wound up at Wealthy Affiliate. I was doing research and they had a FREE and SIMPLE plan which also said "No Credit Card Required"


    There is so much free information out there why would I sign up for a paid service? I also hate giving my credit card for a "Free Trial" for the simple reason that I will forget about it and get charged. Ever happen to you? So all I was really interested in was learning about doing affiliate marketing intelligently, possibly making it my retirement vehicle. Retirement is another story but if you're reading this you probably already know what I'm saying.

    "If I had 8 hours to chop down a tree I would spend 6 hours sharpening the blade" Abraham Lincoln

    Training was of utmost importance to me so just look at this:

    The Education and Wealthy Affiliate teaching how to create successful long-term business

    And the training was excellent. Videos, articles and best of all a community! One of my principles of success is the Mastermind concept and there are literally hundreds of thousands of like-minded people all interested in 1 thing, helping each other succeed in affiliate marketing.

    The most helpful community in the world period is to build a business online

    And the community is awesome but I still wasn't shelling out $$$$ no matter how inexpensive. I was getting all of this for free. Literally, live access via a live feed. I asked questions and usually got a response in a few minutes, no matter what time it was. Then I came across some of the premium features that were included. I skipped over them originally because I'm not interested. Hosting was included. Up to 25 sites and it included stuff like instant website support, secure server status.... a lot more stuff then I was getting from Godaddy and I was paying them $40 a month. I'm a CPA so I can do some calculates in my head and it dawned on me that if I went premium and paid on the annual plan I would save $120 a year in hosting. Another no-brainer.


    A man plus Premium explaining The Amazing you're Premium

    I'm not done yet! Premium unlock a whole new world of business opportunities for me. Wealthy Affiliate is a real as they come. Kyle, Carson and the other hundreds of thousands of members have truly created something special.


    True Story

    I strongly believe in mentorship so I reached out to Kyle and a few of the top people to see if I could hire someone from their crew. The pat answer was, the community will help you. I have Kyle, the #1 guy giving me advice directly. He has hundreds of thousands of members and he said he would help me anytime I have a question. How awesome is that? I can't even find someone to pay to help me, it's all included!


    Bottom line is that if you have a website, blog, Facebook page, twitter... If you're on the internet or just actually talk to people you should be doing affiliate marketing or affiliate marketing programs and if you're doing affiliate marketing you should join Wealthy Affiliate. It's Free and there is no credit card required.



  • Wealthy Affiliate Success

    twelve hand that shows unity and explaining collaboration is everything

    Twelve hand that shows Wealthy Affiliate Success Unity Collaboration

    I’ve wasted far too much money signing up for “Stuff” and never really following through. I think every entrepreneur/opportunity seeker experiences this. That’s why I know that by following my own 13 Success Principles getting Rich is inevitable. How and why is that? Because Success and Getting Rich is a Science. It’s not luck.

    “God does not play dice” Albert Einstein

    Here are 3 of the Principles I am applying to my Wealthy Affiliate Success:

    1: DESIRE – find out what is driving you and make that your primary obsession. I do mean OBSESSION. Why? Because when something gets so ingrained in your mind that it’s what you think about when you wake up in the morning and are making plans for its acquisition before you go to sleep at night you won’t stop until you get it.

    2: FOCUS – unfocused desire is what leads to wasting money on “Stuff” you think will get you there. What I’ve learned in my brief time with Wealthy Affiliate is that highly focused keyword niche marketing is what brings in leads. I’ve decided to focus on a very motivated segment that has the money to spend and looking for opportunities. Retiring baby boomers in a specific field, specific age, specific geography… The more specific the better. Then all of my posts will be speaking directly to them, which actually turns out to be me! LOL as it turns out, I’m marketing to myself!

    3: MASTERMIND – nobody ever achieved any level of real success entirely on their own. Surrounding yourself with like-minded people and being open to suggestions is key. Andrew Carnegie attributed all of his wealth to his Mastermind. The Wealthy Affiliate Community is one of the largest Mastermind groups I have ever come across. It was the deciding factor in me participating. I would have gone premium just for the training, web hosting… But to commit to this community on this level says something. I am Proud to be an Affiliate Success!


  • Free Affiliate Marketing Really??

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    A symbol of It it Marketing to a free affiliate marketing

    I became interested in free affiliate marketing when a friend of mine said he nets over $6,000 a month in affiliate sales. The thing is that he’s not really an affiliate marketer. Not a professional anyway. He simply has a “Resources” page on his website with links to other peoples stuff. He also sells his stuff through other affiliate marketers. I have no idea how much he brings in from that exposure but…



    Alone animal monkey

    What if I approached the affiliate marketing business as a profession? I mean instead of just adding a “Resources” page to my website why not learn how people are making money with affiliate marketing? And if I can learn how they do it maybe I could apply it to my existing business and who knows……





    A girl brainstorm to build a Free Affiliate MarketingAnd that’s a fact. I teach this stuff! If you follow a few Universal Principles like Focus, Desire, Faith and Discipline just about anyone can get Rich. You have to put in the footwork. It doesn’t just happen. It could take years but those Tenacious enough to see it through Succeed and get Rich. Why not me?




    The principles have been working for me! I was just to close to the situation to see it. Wealthy Affiliate is a platform that I came A man thinking for free affiliate marketing tipsacross during my own process. I put myself on this path by following the Principles laid out by Napoleon Hill, the creator of the entire Success industry as far as I’m concerned. Hill himself went through many of his own trials and tribulations. Why would he be exempt from the same pain and suffering we all experience. If you read about him you will see that he was so busy studying and writing about the success that he sort of forgot to apply the principles to his own situations. Principles that would help hundreds of millions, perhaps billions of people find their own version of success.



    A two hand and build a puzzle to make unite and do affiliate marketing tipsThe fact is that no matter what kind of business you’re in you can do a lot better when you’re on the web. The Wealthy Affiliate platform provides all the tools, support and community anyone could need to be on the web, in a BIG way!





    You don’t have to take my word for it, check it out for free yourself here Wealthy Affiliate . I A business man thumbs up about the retirement solution successthink that if you are really serious about being Successful free affiliate marketing websites then you NEED to check out the tools and support available. As always I welcome all comments and suggestions as well as an open invite to visit me at and request a free chat.







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