1. The power of profit
In a traditional work setting you are generally paid a fixed amount that doesn’t vary on profit or loss. However, when you become your own boss your salary and profits become a blur. Meaning your pay may go up and down on a monthly basis.
2. Budgeting is the key
Knowing how to form a budge and being able to stick to it will be at a all time high in importance. The difference between knowing how to budget and not know can often be the difference between profits and losses.
3. Keep track of your tax
Freelance comes with several tax obligations. It is essential to have a trusted tax adviser and accountant to guide you through.
4. Negotiating skills will tide you through
In both buying and selling negotiation will help you maximise on money saving and moneymaking.