Thinking of Starting a Business?

It’s no secret that the most common way to amass wealth is through entrepreneurship. Owning your own business allows you to earn according to the amount of effort you want to put in. Working for someone else just doesn’t compare and you will always be dependent, regardless of how high your salary is.

Unfortunately our economy is in the worst shape it’s been for a long, long time. How does one achieve business success in such a dismal economy? Is it still possible to achieve the dream of financial independence?

Fortunately the answer to those questions is yes. The bad economy may actually make it easier to start a new business. If you have some capital that you can use to get started, you may already be ahead of your competitors. The bad economy has left many people in bad shape and they are having to ride out the storm. For those ready to make the leap, this gives you an opportunity. Many people are also hesitant. Let them wallow in fear while you take the first step and gain an advantage.

Though you might hear the so called experts saying that it is a dangerous time for business start ups, do you really think they know best? The truth is that only you know what you and your business will be capable of achieving. Experts in the media love bad news and make their living off fear. They are in fact one of the problems in the economy. Because of morbid media reports, Americans are scared to spend and invest in any thing. Even cd rates are bogus right now! This maintains the stagnation of the economy. What we need are entrepreneurs that can see the forest and who aren’t worried about the trees. These will be the people who lead us out of the depression.

What is needed is real business education. Listening to the talking heads and so-called experts is not education. If you are thinking of starting a business, get out on the streets and see for yourself what is going on. Make your own decisions about success and failure.

The truth is that new businesses are starting up every day. Each delay you make because of some unfounded fear is a day that your competitor’s will have in their favor. Times are hard; there’s no argument there. But the economy will recover and you want to be ready. Take advantage of bargains offered in a weak economy and leverage yourself for great profits when the money starts flowing again.

PCB, Baby!!!

My family and l love a great vacation. Many people here in the South love Panama City Beach. Did a little research for you guys to find out tax information, home insurance rates, cost of living and other miscellaneous things for those looking for a vacation or summer hope.

I do not have any advice on how to keep your teenage children in line down there ;)



____

Panama City Beach is a magnificent all year long family vacation destination, and is a foremost spring break locale for college young people. The following are a number of significant tax strategies for those transferring to this area.

There is no state income tax in Florida, and the sales tax is 6%. Gasoline tax is $0.126 per gallon.
One dollar per thousand dollars of value is the rate at which taxable assets are assessed.
The Florida estate tax is the state death tax credit allowable on the Federal income tax return.

The property tax is assessed at $10.06 per thousand dollars of worth in Panama City Beach
Median house prices have dropped in value more than thirteen percent. Seventeen years is the medium house age. The 1980's saw an expansion of house development that makes up close to forty percent of the existing residences. The house vacancy rate is around sixty percent, whereas residences that are owned represent twenty-nine percent.

You can find lots of high rise condo dwellings the length of Front Beach Road. Some with beach access, some face the boulevard.

Because most real estate is near water, flood insurance is requisite.

The following property tax exemptions are permitted under Florida law:

$50,000 homestead exemption.
$50,000 additional homestead exclusion if older than 65 and meet eligibility parameters.
$500 for widow or widower, disabled, or blind.
$5,000 disabled veterans.

Total permanent disability is exempt from property tax.

Home owners may transfer their save our homes benefit to a new homestead within 2 years of sale, either if upsizing or downsizing.

There will be a new substantial property tax exception of $25,000.

The principal employer in nearby Panama City is the public school system, followed by health care, with two sizeable hospitals.

In May of 2010, the newly built Northwest Florida Beaches International Airport is slated to commence operation. This is America's first new airport since 9/11. It will take the place of the existing airport close to downtown Panama City, which was constructed in 1934. In the beginning, Southwest Airlines will offer service to four cities.