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On this blog, we’ve often stressed how important budgeting is for small businesses, and a simple business budget is probably the best because it will be used. This seemingly obvious statement is true of other many tools, whether in your garden shed or computer. If you are a small business owner or freelancer, you probably […]
Budgeting and survival tips for freelancers abound on the web. We’ve trolled freelance budgeting articles and distilled this wisdom down to 9 nuggets compiled here for your convenience. The best advice is often gained from those who have walked in your shoes. If you are a freelancer, and you are currently operating without a budget…you […]
Freelancers, like all other businesses, benefit from having a budget, but many freelancers don’t take the time or understand the importance. Self-employed people are notoriously busy and frequently don’t spend time planning. Why? They see planning as an “administrative” duty – one that gets in the way of real work. “I’ll get to it when […]
The budgeting and business planning process is your opportunity to think strategically and evaluate external forces which could negatively or positively impact the profitability of your business. Most successful businesses create and maintain a rolling three-year strategic business plan and one-year operating plans designed to help realize planned growth while ensuring the business remains financially […]
A budget is a living, breathing predictor of your business’s financial position and goals. It works as a roadmap for increased profits. At its simplest, a budget projects future sales, costs, profits and cash flow. Budgets can drive company growth; help you analyze performance and make necessary changes based on a comparison of budget vs […]
If you plan on running a business out of your home, you need to acquire some home business management skills that are easy to learn and easy to implement. While there isn’t a blueprint for success, there is a rough outline. It’s not enough to want to run a home-based business – you have to […]
If you are a freelancer or run a home-based business there are compelling reasons to do your own bookkeeping. Many small business owners would rather outsource to an accountant. Often, they believe bookkeeping/accounting is too complex and time-consuming. Beyond having up-to-date, organized and compliant records of business finances, bookkeeping can give you insight you need […]
Micro-business owners and freelancers often do their own bookkeeping, but knowing when to hire an accountant can prevent financial problems and heartache in the future. From managing their business finances to marketing, freelancers and small business owners like to roll up their sleeves and pitch in. Usually, they do so out of necessity, particularly when […]
One personal trait that successful freelancers have in common is attention to detail. They pay attention to all aspects of their business, including finances. While it may seem obvious, ignoring finances or having only cursory knowledge can mean the difference between success and failure. You don’t need a degree in finance to understand some very […]