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Operating Your Own Business

Operating Your Own Business

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Many military spouses have found self-employment in a home-based business to be a good solution to the challenge of frequent moves. In the past, military spouses living in private housing could operate a home-based business, but if they lived in military housing, they were specifically prohibited from conducting any commercial activates by some of the Services. New DoD guidance has changed this situation and commands have been directed to foster and encourage private commercial activities in military housing.

There are many legitimate home-based jobs posted on the Internet every day, but there are far more (our research indicates that the "scam ratio" is about 42-to-1) seeking to take advantage of unwary jobseekers -- and some can even land you in jail.

You've just received your next PCS orders to another station and you know that you'll have to quit your job, once again, which will put your career on hold. Like most military spouses, you've had issues finding stable employment because of frequent relocations. But, there's a way for you to find gainful employment that is portable — home-based business.
Working From Home: 7 Tips on the Money

A home business requires financial planning. Concepts such as cash flow, working capital, and the steps for financial planning are discussed. Article discusses self-employment tax. Interviews with Nancy Harrell, CPA, and Danita Jones, Mary Kay beauty consultant. Includes links to the IRS, Small Business Administration, Motley Fool and LIFELines article.

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