4 Financial Reasons to be a Notary Entrepreneur

by Daniel C. Lewis

Notary Entrepreneur?  What is that?

A notary entrepreneur is a business owner that has developed a successful business plan around helping his community as a notary public.  Notary entrepreneurs are the drivers of innovation in their field.  They organize, manage and assumes all the risk of their notary business enterprise.  If you have considered becoming a notary entrepreneur here are 4 financial reasons that might just sway your thinking.

Tax Advantages

Without a doubt there are several tax advantages to being a notary entrepreneur.  Being notary entrepreneur means keeping track of these different types of  expenditures.  Even through you don't have an employer matching your savings you are able to put aside a lot of money in tax deferred accounts and can choose a retirement plan that works best for you.  Some of the most common tax deductions for business owners are meals, entertainment, travel, transportation, home office, internet & phone, health and business insurance.  To gain a better understanding of each deduction see a tax professional.

Opportunity for Increased Retirement Savings

Being a notary entrepreneur allows you many options and incentives as far as financial planning.  Since self-employed individuals must fund their retirement completely on your own, the contribution limits are far more generous than the limits placed if your were working as an employee. 

CHECK THIS OUT:  401k and IRA Contribution and Deduction Limits for 2018

I recommend you seek out a financial professional and receive as much advice about securing your financial future.  There are many tax deferred programs as well as other programs that will help you grow your investment in your future rapidly.  As a self employed person you can prioritize your retirement planning and create a nice healthy nest egg.  Programs like a SIMPLE IRA, a Simplified Employee Pension (SEP) IRA and a Solo 401(k) can really help you to hit your financial goals.  To setup a retirement saving program for yourself contact a financial professional by clicking here 

 Unlimited Income Potential

One of the greatest rewards of being a notary entrepreneur, as with any business ownership, is that it gives you the opportunity to make an unlimited amount of income.  Your income grows as your ability to be creative as a business owner grows.  You have direct and complete control of how much income you ultimately make. Remember the greatest asset your business has is you.

It is definitely possible to earn millions of dollars from a typical 9 to 5 job.  Operating at this level means you are competing against a number of people that want this same level of income.  As a result in today's job market the employer company will either get brought out, go out of business or downsize the business before you get an opportunity to hit your financial goals.

When you are a business owner and/or notary entrepreneur you can earn as much money as your talents, ambition and energy levels will allow.  Your income depends on your growth as a business professional. 

Better Career Security than a Job

In the early 1990's I began working for AT&T in middle management.  I remember the first day after being hired the training manager came into the room and said this will be the last job you will ever have.  Two years later that same training manager was laid off in a company wide management layoff.  Needless to say job security is a thing of the past.

When you run your own business, no matter what it is, you may never face unemployment again.  There will be times when your revenue may come in a bit slow, however, you will control who you do business with and for how long. 

Are you ready to become a notary entrepreneur?

Other articles by this Author:

Notary Bonds and Insurance

How the massive Equifax Data Breach affects Notary Signing Agents

How to find a Notary Public in Indiana

Daniel C. Lewis resides in Carmel, IN.  He was named in 2010 Notary of the Year by the National Notary Association.  He was also named in the same year an Honorary Secretary of State by the Indiana Secretary of State.  Daniel is currently serving as President of the Indiana Notary Association.  Daniel is an entrepreneur, writer, video editor and Managing Partner of Lewis Notary Services Inc.  Daniel is also a licensed Financial Advisor and specializes in helping notary entrepreneur with retirement planning.  If you wish to receive assistance with your business plan and receive a FREE financial review click here  Daniel is the co-author of the book MAKE YOUR BUSINESS OUR BUSINESS sold on Amazon now.