Why You Should Incorporate "YOU"
We all know we can't incorporate our life, however, lets pretend for a second that we can.
Well maybe a bit longer then a second, because I would like you to get through this post.
What if you could incorporate your life into a business? Minus all the legal fees. Sorry to all my lawyer friends out there. :-)
What are you talking about Chris? I am talking about turning your life into a business and you are the lone shareholder in that business and you call your own shots.
Every day!!!
Here's 4 reasons why I think it makes sense to incorporate YOU...especially now:
1. Protect Assets
They say if you incorporate your business, you protect your assets. Ya, we have investments, we have our homes, but as a YOU business your goal is to create something of value. When you create this asset, you potentially gain long-term security. You cannot gain this type of security in someone else's asset.
We should all be creating something that's worth protecting.
2. Control YOU's Vision
The vision of YOU Inc. might be different today, then what it was a year ago, or it might be different today then what it will be in 5 years.
But guess what??? YOU Inc. has the flexibility to change the vision at any time.
Why? Because you are the master of your fate and the captain of your soul.
This is your company and you make the decisions.
3. Cutbacks
As a business, sometimes you have to make tough decisions and "cut the fat". Well it's the same thing with YOU Inc. With the recent recession, one main benefit from this is it has made us all more productive and thriftier then ever.
For YOU Inc. to be successful, what meaningless spending can you cut to stay profitable???
Do you really need two cars??? What about that gym membership you use once a week?
4. The Perks
As important as money is to all companies, others are willing to take a financial hit in exchange for other perks. YOU Inc. can have many perks that create more value to you then cash.
What perks have more value to you then cold, hard cash? Maybe family, health, well being, travel, daily satisfaction....
Are you ready to incorporate YOU?
