WHEN CAN YOU START A BUSINESS?   

  Right now!
   If you wait for the present employer to down size you it would be too late to use your Income Tax with the ATO's s221D PAYG Variation to finance your new Small Family Business.

   Waiting for Retirement:
   Waiting for retirement might make taking up a new unfamiliar business direction a big problem.

   Minimising Capital Gains Tax
   If you are on a Pension and you inherit a large Net Capital Gain you're in business tomorrow or loose a lot of the Gain if you don't TaxPlan.

   Gee! If you have a problem with a large Net Capital Gain on $50,000 a year you better TaxPlan.

   Starting with Nothing:
   Starting with nothing (on the dole) is all very glamorous - but it is much harder work.

   Start when You're Young - at Heart:
   Starting now allows you to have a day job (if you are employed) where vehicle travel expenses going to and from your normal work can be tax deductible.

   Juggling a day job is not hard if the family lends a hand.

  The longer you put it off the harder it becomes - you might get into a rut and can't get out.

         

     Being Your own Boss:
   Don't think about what you might do. It's too early, yet. Instead, think about being your own boss.

   Could you handle that? Many can't.

   Could the family handle owning a business? Many families can't.

    It's not that being in business is harder. It's just different.

    Prefer to be Servants?
    If you or the family prefer to be servants rather than having the responsibility of a Master, forget it. Unless being on welfare for ever is not a very attractive proposition.

   Over 40 is over the Fence - You're Out:
   If you are over 40 now's the time. If you are down loaded, down sized, sacked, suffer from an ailment or have a case in the Compensation Court (which may not succeed, or worse - in the Family Law Court) - times will get harder/est.
 
     Read about the Patron Saint of Entrepreneurs:

        

 

  

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