End of Year Reminders

Just a reminder for those who have been around awhile & some good info for those who are finishing their first year with their direct sales business. Here are some important things to do at the end of the year:

1. For tax purposes*, write down the ending mileage for your vehicle & add up the total numbers driven for business this year.
2. For tax purposes*, add up the total cost (what it cost you to buy it) of any items left in your "inventory".
3. For tax purposes*, gather together all your receipts from items you sold & items you purchased for your business this year.
4. If you have money left in your business account, this is a good time to give yourself a Christmas bonus or purchase items that you've been saving up for. I always start the new year with an account balance of $0 (or close to it) so that I get to start the new year fresh!*
5. Book your January parties . . . take advantage of the great deal of free shipping for parties held in the first 2 weeks of January! Customers & hosts are sure to LOVE it!
6. Look at your 2008 goals & determine where you fell short & what you accomplished. Celebrate your successes & come up with new strategies to help you achieve what you weren't able to.
7. Set new goals for 2009!

*Note: I am not an accountant & am not offering tax advice, just offering advice on things I do with my business. Contact a tax professional for advice on what you need to do for your specific business.