For Decision Case 2-3 I’ve applied many analytical methods, common practices, and personal theories while reviewing the case of Charles, whom is a self-employed financial consultant looking to increase his net income. Charles is in a very unique, but re-occurring situation in today’s economic climate. Many small businesses owners find themselves in the same predicament with start-up endeavors, regardless of their product. More often than not, it is the individuals who are able to be pro-active in their thinking that are able to emerge through the first several years of their start-up, without folding their company or joining a larger firm, Personally, if I were in Charles position I would accept the risk of continuing his self-employment, in order to garner a higher potential of net income. In Charles first two years of business he has earned a net income of $11,500. On the surface this number seems bleak however; it is very possible to see this number increase exponentially in the years to come by taking several initiatives. One possibility for Charles to increase his annual net income is to terminate his leasing agreement at the earliest possible date. Although this will require Charles to allocate office-space into his personal space, it will allow him to annually save upwards of $12,000 dollars. At this point I would suggest dividing the amount saved between his net income, and add an additional $6,000 to his car expenses and gas. It will also allow Charles to use the expenses on his personal car as a tax deduction (10 Tax benefits of being self-employed, 2011). In doing this, Charles can now hold any official business at an off-site location, or suggest to his growing list that they meet at their preferred location. Ultimately, this will depreciate the value of his vehicle and add additional cost to his operating budget, but these costs will be off-set to by the money that is currently allocated to rent. Additionally, Charles would be in a better position if he were able to restore his secretarial services to year-one levels. He has seen an increase of well over 100% from year one to year two. Although his cliental is growing, it is in his best