Auntie Wahm

Photos

Lucky me! I happened to be married to a photographer. Jealous? You should be! It's nice to have him available for photo shoots for our pre-wrap site, for eBay listings, and for all of my websites. Downside - he rarely carries a camera to family functions.

Pricing – Are my prices too low?

Tempted To Compete On Price? Resist it, if this is your main strategy! It's true that prices may come down as competition grows fiercer for the consumers that still have money during this tough recession. However, if your only reason to reduce prices is to gain more customers, this strategy is doomed to fail. It's not just a matter of people having less money to spend, it's also a question of getting the best value for their money. If you don't take the time to create a product strategy that embraces a holistic approach to marketing in bad times, you'll end ...

Hire Your Kids

Hiring your children in your business can be a great tax savings strategy, as well as a way to teach your children about business and money. Wages paid to your children (between the ages 7 and 17) are a valid business deduction, as long as they do bona fide work, and they are compensated fairly. Your children can earn up to the standard deduction amount before they will owe any income tax. Because you are getting a business deduction for the wages paid to your child, this is income that you also will not pay taxes on. [caption id="attachment_128" align="alignleft" width="201" caption="You can ...