Starting a Purse Party Business
The first step to starting any successful business is to have goals, self confidence, and motivation well in hand. If you are already motivated you’re probably wondering where to go from here and “how do I start my own purse party business?”
Although it may seem difficult to do, since the purse party model is similar in many ways to Magic Pantry, Epicure or Tupperware, it can be very enjoyable to create your own purse party business. And by using the techniques spelled out in the Purse Party Profits eBook you’ll find it fun and easy.
Basically, it all comes down to creating a business that’s not only unique for you but also for your clients. Unlike many of the other home party models, with a purse party business you’re the one who decides on the merchandise that you offer to your clients. This means that you can wade into a world of just purses or you can expand to wallets, jewelry, sunglasses and other fashion accessories. You decide on how big or small your new home based business is and you can pick one that fits your lifestyle.
But starting a purse party business just isn’t about shopping, there are other steps involved and planning is a critical step in successfully starting and building a business.
Registering Your Business and Taxation
Right now you’re probably wondering if you really need to register your purse party business with the government and you may not be wrong in asking that question. Many businesses operate without being properly registered with the government or taxation department but I strongly recommend that you’re not one of them.
It’s important to register your business since this keeps you from having any legal issues in the long run and it also offers you some tax advantages of having a home based business. For that reason, I strongly recommend that you go to your local small business office and register your business. While you’re there you’ll be able to ask questions and pick up any literature that applies to your business.
Make sure that you find out what the tax advantages are when you do register your home based business. You may find that as a re-seller you’ll not have to pay sales tax on merchandise if you provide the required identification. You may also find out that having an office at home can allow for mortgage and interest payments to be claimed as an expense. In addition, your mileage to and from parties, deliveries and meetings if documented can be claimed along with cell phones, office supplies, advertising, and even your car payments. Your accountant can advise you on all deductions your business qualifies for.
I also recommend that you see a lawyer and accountant for professional advice before you start your home based business so you can get started on the right foot. Remember, if you get caught operating your business without the proper documentation, the penalties can be quite stiff.
Operate your purse party business above board and you won’t have anything to worry about other than promoting your business, generating sales and spending all of the money you’re making.