What is the Maverick Business Adventures and What Do They Do
About 8 months ago I became a member of Yanik Silver and his Maverick Business Adventures program not quite sure what to expect – but man – what a ride it has been.
This group of Business Experts, from all types of industries, are brought together several times a year and partake on Extreme Adventures and yet they still carve out a lot of time to Network and hold business strategy sessions that you cannot find anywhere else in the world. People like Michael Filsame, Vic Johnson, Gerald Romine, Carrie Wilkerson and too many others to mention all come together in a very informal "Business Mastermind" setting – but the "Brotherhood" that is created is unparalleled…
Yanik Silver is introducing the Maverick Business Insiders Newsletter Yanik Silver – a Founder of Maverick Business Adventures is announcing the Maverick Business Insiders News Letter on Nov. 6 2008. Yanik says, "It’s for high achievers & business owners who want unique, one-of-a-kind experiences with exclusive business building, high-level networking & powerful connections that occur outside ‘normal’ business settings…while having tons of fun.
Here is what the Maverick Business Adventure site says:
“Here is a chance for you to combine a truly unique, one-of-a-kind experience with exclusive business building, high level networking, deal making & powerful connections that only occur outside the ‘normal’ business settings. Plus incredible fun (that’s even legitimately tax deductible)! Maverick Business Adventures is an “invitation-only” membership exclusively for successful entrepreneurs, CEOs and business owners who want to live life to the fullest, create business breakthroughs and give back through charity and education to empower future entrepreneurs“.
I am a Member of the Maverick Business Adventures and also a part of Yanik’s Exclusive Mastermind Inner Circle and I have to tell you that in just one meeting with the Maverick’s I was able to take some of the private business building strategies that were discussed on our Aspen Business Adventure and parlay those topics into Multiple Thousands of Dollars. Being a member of Yanik Silver and his Maverick Business Adventure as well as the Maverick Business Insider Newsletter opens a huge window of opportunity Until now these business training sessions were private and extremely exclusive.
This is the first and only membership of successful, like-minded entrepreneurs and top achievers to come together to land really live life to the fullest. With the creation of the Maverick Business Insiders Newsletter, Yanik has pulled back the curtain and is allowing everyone the opportunity to receive extreme business building secrets that, until now, were considered off limits to outsiders.
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you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket.
Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area.
Look around. Ask people around you.
How to start will depend on the idea – some businesses start part time until they get enough customers to move on – some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do a business plan before you start – work out the details on profitability, time needed to make it work etc before you commit any money to the idea.
Need a great business plan format try. http://www.australiansmallbusiness.com.au/Easy-Business-Plan-Pack-p-16143.html
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You need to keep accurate records when running a business. This will be your best defense if you ever get audited.
For IRS purposes, you need to make a profit every 3 out of 5 years to have the IRS prove that you are not running a business. Otherwise, it is up to you to prove that you are running a business and not doing a hobby. You can prove that you are running a business by keeping your business accounts and personal accounts separate.
You can write off any legitimate business expense including dinners with clients, car expenses, equipment, etc.
Having a separate checking account and credit card is a good idea. However, it isn't necessary. You can comingle your business and personal expenses using your personal accounts. But, if you do this, then it will be harder for you to prove that you are running a business.
For your revenues, you don't need a corporate account to make you deposits. You just need to make the deposits in your separate account that you use for business.
You can read Publication 334 for more information.