Sunday, February 1, 2009

It takes a village to raise a child & a support system to make a business successful





In going about the yearly, dreaded task of filing taxes, my husband was doing some research on how we would claim our meager Etsy earnings. Come to find out, the investments we had made in our little online businesses couldn't be claimed until they amounted to 2% of our gross income. We looked at each other and had to laugh at the thought of our profits sustaining us. Not only was this morsel of knowledge discovered, but also that the IRS differentiates between a business and a hobby by the entity being "profitable" three out of five years. Again, another strike against us. So, why bother was the conclusion that faced our weary, tax filing selves as we reflected on the year past of financial decisions. Good question. Is it worth even trying to be entrepreneurial when all the odds seem to be against you? 
Facing this truth that our success wasn't to be measured by dollars and IRS guidelines, but rather by an effort to rise above the reality of circumstance. So many people start little business ventures in an effort to make a dream come true...no matter how buried and impractical it may be. It is a realisation of the impossible by taking a leap of faith to at least try to not settle for a life destined to be contained in a cubicle by carrying out someone else's wants and dreams and ignoring your own.
Okay, so as the saying goes, "it takes a village to raise a child" (i may be ad-libbing a bit here), so it also takes a support system of others who have those same values to make you a success. You can't go out and make it without having others recognize that what you have has some value. With that said, below I have made my own little treasury of those I recognize have value and this is only the tip of the iceberg.  

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