Income is what you make from the activities you do within your business. As you can probably tell, the definition of income can vary greatly depending on the industry you are in.
One of the most common income types in business is commissions. So a good place to start would be to ask yourself, “How much money does my business make from the activities I do in my business?” If you’re trying to figure it out, you’ll probably get a pretty good idea of how much you earn from your activities because you’ll be able to plug the numbers into the commission percentage calculator.
So I might be able to make 10 or 20 percent of my revenue from operations in 2012. But I’d be better off getting an app to give you some insight into my current activity. If you’re only making $10, you might be better off making $20.
When I was younger, I would find myself in the same situation and be able to make a little bit of money from my activities. But I’ve been running things that I’m not trying to make money from and that I’ve been trying to make money from, so I’m not sure what the future holds for me.
I think the best thing to do is to look at your current income statement and see where that is, and then make a conscious decision whether you want to be giving it away or trying to grow it up. For example, if youre in the process of building a web site and youre making 10,000 a month, you might be better off hiring someone to help you grow it to 20,000 a month than trying to grow it to 100,000 a month.
Well, that could be because youre making money and youre not paying your bills. You might be making money and youve got to pay taxes. You might be making money and youve got to pay your mortgage. You might be making money and youve got to pay your student loan. In all these situations, you might want to work on a different income.
The problem with making money and not paying your bills is that you can’t really claim it as income from operations. I’m not saying that you shouldn’t pay your bills, but you can’t claim it as income. If you run a hotel or a restaurant, you can’t claim it as income from operations. If you own a business, you can’t claim it as income from operations because you owe money to the IRS.
One of the things I love about the game is that it makes it more believable. To me, it’s a good game, and it’s also a good game because it makes it entertaining. It can really scare you into thinking this is going to happen.
I can’t see myself using that line in my business. It’s just not true. My income is from the sales of my books and CDs, and I don’t “owe” anyone money. In fact, I owe money to the IRS for my book royalties! I’ve been in business for 16 years, I’ve been in business for six years. I’ve never claimed to be in business for income, I’ve always said everything I do is for pleasure.
It’s not hard to make money from your own website. You can do the same thing with a blog, or a podcast or even a Youtube video. You need to make a lot of content to be taken seriously, and a lot of money too, if you want to be taken seriously.