Comments on: Crucial Tax Tips for Starting Your Own Business

By: Bonefish Grill recipe: Salmon topped with Spinach, Bacon & Gorgonzola Bleu Cheese

Tue, 01 Dec 2009 04:49:24 +0000

[...] Crucial Tax Tips for Starting Your Own Business. [...]

By: Neal

Neal — Sat, 14 Nov 2009 17:46:37 +0000

FS.

Yes. If you want to make money, self publishing is the way to go. Traditional publishers are great for the props…maybe….but that’s about it.

Having said that, I am in fact shopping a book I wrote recently but it’s a strategic rather than a business decision.

By: Mike Piper

Mike Piper — Fri, 13 Nov 2009 01:56:00 +0000

Yep. The books and my sites are my only sources of income.

Self-published from the get-go. Never even pondered the possibility of finding a traditional publisher.

Really, the first book was written simply so that I could hand it out to my self-employed friends who had tax questions. I had no idea that people would end up buying it on Amazon. After it became apparent that there was a demand for easy-to-understand, concise explanations of tax topics, I decided to write more books.

It wasn’t so much a story of triumph as an accidental business. Granted, it still took–and takes–a lot of work…

By: Financial Samurai

Financial Samurai — Fri, 13 Nov 2009 00:54:09 +0000

Mike – Nice, so just to clarify, your books and your site is your primary source of income? If so, very cool! How was the process like before you found someone to publish your book? Did you face a lot of rejections at first?

I’m always interested in hearing stories of triumph.

By: Mike Piper

Mike Piper — Thu, 12 Nov 2009 21:12:14 +0000

Financial Samurai: Yep. It’s my primary business actually.

My own business is an LLC, taxed as a sole proprietorship.

By: Financial Samurai

Financial Samurai — Thu, 12 Nov 2009 21:10:33 +0000

Very cool, and good resources. I didn’t realize Mike did all this stuff.

Neal, remind us again what type of business you chose to incorporate yourself as again?

What about you Mike?

By: Jeff @ Sustainablelife blog

Jeff @ Sustainablelife blog — Thu, 12 Nov 2009 18:11:05 +0000

Thanks for posting this, I’ve been looking into starting my own business for a while now, and it’s great to hear of some more resources I can check out. I know nothing about accounting.

By: Neal

Neal — Thu, 12 Nov 2009 15:35:04 +0000

Daniel,

So true. I’ve noticed I’m being a ton more productive now that we got rid of the TV.

By: Neal

Neal — Thu, 12 Nov 2009 15:34:33 +0000

Mike,

Right…my dad could really pick ‘em.

Anyway, thanks for coming on the show. Can’t wait for our next interview!

By: Daniel

Daniel — Wed, 11 Nov 2009 20:25:20 +0000

I’ll definitely check out Mike’s books. Some people are in situations where they can start their own businesses, but for the rest of us, getting educated with our spare time can have big benefits. Instead of wasting hours in front of the tv, why not read some books? The more we learn, the more valuable we are, to ourselves and to the people around us.