by Blogger Dy Wakefield
Please check out my website wealthywomandy.weebly.com
Expanding your business
Adding a new product!
Psalm 115:14 KJV the Lord shall increase you more and more, you and your children.
Listen Queen you have been born with a purpose God created you as Queen and Priestess and you are to take dominion. You are to create and have Business Queendoms. Do you know through your Business Queendom you can be blessed? Girl I am talking about the best of everything. God wants you to reflect him on earth. So if He is king you are his child. You are a child of the King. You are no longer a princess you are a Queen. Stop listening to all those haters. Pick up your crown, put on robe and sit on your throne and decree.
God is not just going to bless you so you can hog all the wealth he wants you to help others and impact your community. Yes girl get your debts paid off, get your house or houses, get your car or cars, save back for raining days, save back for fun time and leave an inheritance for future generations. Now with that extra money you need to ask God how can you impact this world?
Let me tell you queen, giving comes easy to you. Your compassion is like a GPS and it shows you where thing are not right so you will go and help. Yes you could see in your area domestic violence is high and you want to put a stop to it by having a shelter. Maybe you want to start a school.
You may have products or services and you have been doing well so far now it’s time expand your business and add another product. You have to stay current with change. God is the creator and we are made in his image you have that ability too.
What are customers looking for?
What need is out there?
What wants is out there?
What frustrates you?
What frustrates consumers?
What opportunities are in front of your face?
You need to ask yourself that.
You need to look at your business as a whole look at that product and/or service you have.
Where do you need to expand?
What needs to be tweaked?
How are sales going?
Do you need to stop production of a product?
Are your current products or services outdated?
You have to think of expanding:
What demographic are you supplying to?
Think about expanding to others, Generation Z, Generation Y (Millennials), Generation X, Baby Boomers, Traditionalist.
Think about expanding by sex male, female
Think about expanding to teens, babies etc.
Think about expanding by race
What are they looking for?
Ask God to give you a product or service ideas? Jesus said ask according to john 14:13 NIV and I will do whatever you ask in my name, so that the father may be glorified in the son. According to James 1:5 NIV if any of you lacks wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.
I am trying to empower you by asking questions to stir up that creativity in you.
This is your time to do research and development this is a category you write off on your taxes
According to the IRS qualified research is where the research credit is generally allowed for expenses paid or incurred for qualified research. Qualified research means research for which expenses may be treated as section 174 expenses. This research must be undertaken for discovering information that is technological in nature, and its application must be intended for use in developing a new or improved business component of the taxpayer. The research credit generally isn’t allowed for the following types of activities:
• Research adapting an existing product or process to a particular customer’s need.
• Duplication of an existing product or process.
• And etc.
You can receive this Credit Research & Development i.e. R&D credit if it is a new product.
Let me prayer for you: Abba father I command your hand according to acts 4:30 to stretch forth upon this queen and stir up creativity in her. Give her the power of thought taking time out just to think. Give her wisdom and give her witty invention ideas. Give her ideas, concept and solution. Show her a product or products and a new service. Do something extraordinary uncommon for her that signs and wonders maybe done by the name of the holy child Jesus in Jesus name.
Please listen to the radio show (podcast) Due to technical difficulty the show was cut at 14 minute not the full 30 minute show. http://tobtr.com/11271343
Dy Wakefield, The Queen of Wealth Advice ™ is a Multi Genre Author, Radio Host, Tax Strategist, Social Entrepreneur, Speaker, and Network Marketing Expert. I have dedicated my life to Empower Women by Awakening the Queen inside into Leaders to own Businesses and to be World Changers. To help them Achieve their Destiny through a Balanced Life and Excellence.