Why share this? Because 4 of the 5 tips shared have to do with money. And rightfully so. Your business goals for the year should have a huge focus on cashflow.
As a freelancer, you’ve got to have a handle on your money. No excuses.
Here are the 4 money issues they talk about:
“1. Take inventory of current cash flow.
2. Simplify your accounting details.
3. Create and enforce a payment process.
4. Go on a cash spending challenge.”
I think the challenge he outlines in #4 is an especially interesting idea. Think “the envelope method” or “cash only method” you’ve used in your personal budgeting.
Give it a shot with your business budgeting and see if it makes any difference.
Read the whole article over at Bidsketch.