If you are freelancer, consultant, or run a home-based business, the art of managing self-employment stress is a skill that you must learn to maintain your health…and your business! Stress is a killer. A killer of health, relationships, and business. A multitude of physical and emotional health problems including heart disease, chronic headaches, depression, anxiety, sleep disturbances, high blood pressure and others are linked to stress. Read more
In Flare, expense management for small business is easy and doesn’t require financial management knowledge. Flare Cloud Accounting has several features that allow you to record and track expenses. You can record expenses by vendor one by one, or record expenses in bulk by vendor with Flare’s convenient expense input form. Once recorded, you can view overviews of expenses in the Profit & Loss Statement, or, view expenses by chart of accounts category in the Transaction Details report (general ledger). For small businesses, two of Flare’s most powerful expense recording and tracking features are the expense form and the vendor module. Read more
If you run a small retail operation, you are all too familiar with the amount of work involved in balancing a cash register. For many retailers, this process is largely manual and sometimes full of duplicated effort. You must count cash sales, sales on credit, cash expenses and other cash outflows and manually balance each register at the end of a shift. Once that’s done, the information must be entered into a daily cash register summary and provided to an accountant or bookkeeper who then has to enter this information into your business’s accounting system. Phew! If you have several cash registers, the amount of time and effort performing daily cash register balancing can be significant. There is an easier way…Flare’s cash register report feature! Read more
As a freelancer, you may think that the shoe box method of accounting works well for you, but if you consider all that could be hidden in the shoebox, or worse…missing from the shoebox, you’d agree that using a system to efficiently and easily organize financial transactions is the better way to go.
Having accurate financial records, including income, expenses, asset purchases, taxes charged, income owed by customers and bills you owe to vendors, is vital all year round, but especially at tax time. Read more
In part 1 of this article, we shared skills 1-5 of the top 10 skills that home-based business owners need to succeed. Now, we’ll complete the list.
6) Work-Life Balance
Balancing your personal life with your home-based business working life is vital to your mental and physical health. When you are starting out, you may find yourself working long hours (or odd hours) and not giving enough attention to friends, family, your mental state and physical well being. You may eat poorly, sleep poorly, and thus, think poorly. Read more
You’ve probably read the statistics on home-based business growth in the U.S.A. According to the U.S. Census Bureau 2012 data, about 50% of all small businesses in the U.S. are home-based businesses. Of those, 60.1% of firms without paid employees are home based, and, 23.3% of small employer firms are home based. According to the SBA, “The industries in which businesses are most likely to be home-based are information (70.0%), construction (68.2%), and professional, scientific, and technical services (65.3%).” Read more
If you freelance (or run a micro or small business) you may find that you can’t fulfill all requests for work because you are either 1) short on time, or 2) don’t have the inclination to do some of the work. If this sounds like you, consider some of the outsourcing sites for freelancers listed in this article.
Flareapps.com small business tip #103 Use Outsourcing Websites. Get Workers! Get Work!
There are two sides to the outsourcing website coin: you can hire someone to perform work as a sub-contractor and you may find some work for yourself. Read more
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 are not alone, but, there are many reasons to budget. Read more
In some accounting programs, year-end accounting procedures are complicated and time-consuming. Flare has simplified the year-end process by eliminating the need to close the current fiscal year and carrying forward balances into the following fiscal year.
The following year-end checklist will demonstrate how easy the year-end process is in Flare. Read more
It used to be that small businesses, solopreneurs, freelancers and alike were at a distinct disadvantage in terms of finding effective and affordable tools and technology. Now, thanks to the one-two punch of cloud computing and mobile devices, the playing field has been leveled.
What is Cloud Computing?
In the Flare blog post, What Is This “Cloud Computing” of Which You Speak?, that unravels this mystery provides the following definition from Eric Griffith, Feature Editor at PC Magazine:
Cloud computing means storing and accessing data and programs over the internet instead of your computer’s hard drive. The cloud is just a metaphor for the internet.
Penning an article on the same topic, The New Jersey Institute of Technology chimes in with:
Cloud computing is a process that allows users access to a certain set of shared resources. Data stored in the cloud, specifically on servers, is accessible from almost anywhere and can be used on demand.
for Micro-Businesses and Freelancers
- Managing Self-Employment Stress. Help Yourself and Your Business with These Tips July 19, 2017
- Smart Expense Management for Small Business June 28, 2017
- Balancing a Cash Register the Easy Way! June 20, 2017
- Documents for Tax Time for Freelancers & Home-Based Business Owners January 5, 2017
- Top 10 Skills Every Home-Based Business Owner Needs to Succeed: Part 1, Success Skills 6-10 December 23, 2016