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> The ideal business is one where you take in money and have no expenditures. This isn't a business. And if you found a way to do this, you'd be subject to end
by marcus_holmes 1y ago
> The ideal business is one where you take in money and have no expenditures.
This isn't a business. And if you found a way to do this, you'd be subject to endless audits and AML/CTF suspicions because actual businesses don't look like this.
Business owners come in a range of personalities, just like everyone else. Some are selfish and unreasonable. Some are altruistic and generous. Some are purely in it for the money, others really love building teams and working in a friendly environment. Some have global ambitions, others just want to get by with as little effort as possible.
- em-bee 1y agoas a freelance software developer working from home my expenses are practically zero.
- marcus_holmes 1y agoThen you're not doing your tax returns properly. You can claim depreciation on all your hardware (including your desk and chair). You should be claiming some of your rent/mortgage as office expenses. And, obviously, your broadband cost, your electricity bill, your heating bill (if different), etc. You can claim all the coffees you buy potential clients. Having zero expenses is absolutely not what you want to efficiently run your business.
- em-bee 1y agodepends on the country. the value of doing all that work is simply not worth the money i would get back. so why bother?