By James Stephenson
The New Encyclopedias for Supplemental source of revenue
Filled with 202 confirmed money-making possibilities, each one ebook during this renowned sequence outlines a mess of the way you could complement your income.
The present development of lively retirement is turning out to be. This booklet exhibits you what you are able to do in retirement to make additional cash. Plus, it comprises the necessities on getting began, with worthwhile assistance in all parts of industrial and an intensive source list.
Read or Download 202 Ways to Supplement Your Retirement Income PDF
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Additional info for 202 Ways to Supplement Your Retirement Income
Because you can literally have a business start-up idea today and be open for business tomorrow, which leaves little, if any, time for two business essentials—research and planning. And unlike an operating business, start-ups have no existing revenues to help pay for or offset fixed operating costs. You have to build the business to profitability from scratch. Finally, unlike purchasing a franchise or existing business, there is also no road map that clearly identifies the steps needed to get the business started, operational, manageable, and profitable.
Do you have the financial resources needed to start or purchase the business and enough money to pay the day-to-day operating bills until the business is profitable? If not, it is probably not a good match and you should consider alternatives. Investment capital must be broken into two categories: start-up capital and working capital. Start-up capital is needed to purchase equipment, rent a business premise, buy office furniture, meet legal requirements, and pay for training or purchase a business.
Keep in mind, though, that in some instances money you remove from fixed certificates or retirement investments may be subject to additional personal income tax or penalties for early withdrawal or cancellation. It is always wise to consult with an accountant prior to cashing, selling, or redeeming any personal investment. You can also sell or borrow against other personal assets such as real estate, antiques, or boats to fund your new business. At the end of the day, you will have to decide to what lengths you are prepared to go in personally financing your business ambitions.