Smooth sales numbers can make any owner feel safe, yet many companies fail not because they stop selling but because they run out of ready cash. A simple calendar of expected money in and money out—known as a cash flow forecast—keeps that nightmare at bay. By looking a few weeks or months ahead, leaders spot…
Tag: Finance
How to Work Less Hours and Make More Money
If you’ve been freelancing for a while, you might be wondering if there’s a way to reduce your workload while increasing your income. The good news is, it’s not just a dream-it’s a realistic goal that can bring you a sense of relief and freedom. While freelancers have the power to control how much work…
Does a Full-time Job or Freelancing Offer More Security
In recent years, the debate regarding the stability of freelancing has grown compared to that of a full-time job. Some argue that freelancing offers more job opportunities and, therefore, is better than a full-time job. Others say it is not true because freelancing contracts are not permanent, unlike a full-time those in a full-time job,…
How to Budget Successfully
Budgeting can often be challenging for individuals, even when a simple budget plan is in place. Various factors contribute to this difficulty, including a lack of familiarity with money management and the changing financial circumstances that individuals may encounter on a daily basis. Consequently, many individuals identify money as a significant source of stress, frequently…
Categorising and Tracking Small Business Expenses for Freelancers like Me
If you are a small business owner or an active freelancer like myself, you need to be careful about the various types of expenses your business may incur every day. These expenses can spread your business thin and affect your operations. One way to manage these expenses is by learning to categorize them and picking…
What is a Lifestyle Entrepreneur?
Are you someone who craves the freedom to live life on your terms while still earning a living? Do you long for the autonomy to design your work and personal schedule? If so, the path of a lifestyle entrepreneur might be the perfect fit for you. But what is a lifestyle entrepreneur? Is it hard…
16 Passive Income Ideas for Young Adults
Are you in your late teens or early 20s looking for a way to earn income? If the answer is yes, there are many benefits to having multiple income streams, which means earning money from more than one source. This is especially beneficial now that the prices of almost all goods and services have increased,…
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