1) As a new family child care provider you must open up a separate checkbook account for your business.
2) Borrowing on your credit card is a good way to finance your start-up expenses.
3) You cannot deduct an item as a business expense if you purchased it before you business begins.
The answer to all three questions is "false."
Join me at my upcoming webinar, "Starting Out and Getting Organized" to learn how to start your business off on the right foot by developing a start-up plan and business plan. If you have been in business for awhile this webinar can help you re-evaluate and improve your business plan. If you've never done a business plan, it's never to late. A business plan will help you focus on meeting various business goals (financial, insurance, marketing, professional development, etc.) throughout the year.
The webinar is sponsored by the National Association for Family Child Care. Click on September 18th for more details about the webinar.
These monthly webinars are an opportunity to watch a power point presentation on your home computer and listen to me cover these important issues. You'll have the opportunity to ask me questions live and you will receive a copy of the power point, plus handouts. You will also receiving a training certificate of attendance.
Don't miss this fun opportunity!
The cost is $25 (100% tax deductible!). To register, contact Mandi Hardy at 800-359-3817 (ext 225); email@example.com.
To see my upcoming webinar schedule.
Image credit: ccseo.com
For more information on how to create a start-up plan and business plan, see my book Family Child Care Business Planning Guide.