10 Money Saving Tips for Freelancers and Small Businesses

10 tips to save freelancers money
Whether you are just starting out as a freelancer, home-based business owner or micro-business, you will benefit from tips that save you money and time. A freelancing career is rewarding and has its freedoms, although it can be a little scary, too. Your income may fluctuate from month to month depending on how much work you can bring in. Knowing this about your life, you can plan for lean months by learning to be frugal.

All successful small business owners understand that by operating lean and reducing expenses, there is more left in the bank to pay yourself or reinvest into your business. Once you begin finding ways to save money, operating your business frugally becomes a fun and rewarding challenge.

Here are ten money saving tips that can help you cut costs and keep more of your money. Read more

What to Consider Before Hiring an Accountant
or Bookkeeper for Your Small Business

Hiring an accountant or bookkeeper
Before hiring an accountant or bookkeeper, there are several things you should consider, including the services you require, benefits or result you seek, and experience of the person or firm providing the services. Follow this guide and, with a little luck, you’ll find the right accountant for your small business. Read more

How to Create an Accurate Estimate.
Tips to Make Job Quotes Less Scary

Create an accurate estimate
If you are a small business owner or freelancer, there may be no other task as anxiety provoking as creating an accurate estimate for a client. If your quote is too low, you are paying for the work, but if your quote is too high, the client may look elsewhere. How do you find the sweet spot: an estimate that protects you while ensuring the client doesn’t run away screaming? Read more

Why Use an All-In-One Bookkeeping System?

Bookkeeping system's chart of accounts

Bookkeeping is often thought of as a chore and many freelancers and small business owners avoid the chore, or perhaps wince at the thought of doing it themselves. The problem with this is that without some kind of consistent financial record keeping method in place, you are missing the benefit of efficiency and visibility into business finances. Read on and find out why you should ditch inefficient or haphazard financial record keeping and adopt an all-in-one bookkeeping system. Read more

How to Secure a Small Business Loan.
A Little Knowledge and Flare Can Help

How to secure a small business loan
Understanding why lenders make it so difficult for small businesses to get financing can help business owners better prepare to navigate through the borrowing process and improve their chances of success. From a borrower’s perspective, lenders require too much information, which takes a lot of time and money to gather. The lenders, on the other hand, perceive lending to small businesses as a high risk, so they need to mitigate those risks by performing extensive due diligence and attaching performance conditions to approved loans. Read more to learn how to secure a small business loan. Read more

Your Freelance Competition May Be Your Best Friends

Freelance competition

When you are starting out as a freelancer or a home-based business owner, it’s natural to take a peek at the competition and maybe even adopt a negative view of their product and service offerings – perhaps even regarding them as a threat to the very existence of your business. As the saying goes “Keep your friends close and your enemies closer”. Competitors are not the “enemy” though. They can be, for freelancers in particular, your best friend. Okay, maybe “best friend” is an overstatement, but you can certainly benefit by adopting a different attitude toward those you compete with. Read more

Budgeting and Business Planning for Growth

Creating a business budget

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 viable and competitive in an ever-changing business environment. Read more

Shouldn’t You Be Disco Dancin’?

Disco animated gif

When you are freelancing or running a small business, sometimes time isn’t on your side. Day-to-day tasks consume your time and energy. Read more

How to Price Freelance Services

If you are new to freelancing, one of the most important questions you’ll have to answer is how much to pay yourself. There are no rules, but some common sense and a few resources will help you price freelance services.

Flareapps.com small business tip #026Know What You Want to Be Paid as a Freelancer

Knowing what you want to paid as a freelancer is a good place to start. Before doing any research or looking at competitor pricing, consider how much you want to be paid and as importantly, how much it will cost you to be a freelancer. Although you may be charging by the job, those estimates have to come from your bottom line – what you want to earn per hour, and what it costs you to earn that money (your expenses including operating expenses, taxes and healthcare). Read more

How to Make a Business Budget

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 actual; and, help your team understand the financial outcomes of their work and plan for improvements. Read more