This is the 4th blog in the series of 10 excellent guest blogs every Monday (12:00 GMT) here on The MYOB Show blog. The series of blogs are written by Ed O'Neill - a successful business man and MD of NE Language Project.
Tip No. 4: Plan, plan, plan
Go with the flow
Especially important if you are freelance/self-employed. Think about your industry, is there a seasonal flow of work? Do you need to prepare for times when there may not be so much work?
Look and book ahead
I suggest buying a year planner and taking each month and planning what work will be available. After that, plan for holidays or personal/professional development/learning in the lean times to recharge and be ready and prepared for the good times.
If you fail to plan you plan to fail.
Plan your finances, I cannot stress this enough. If you are familiar and comfortable with numbers this will give you such a head start. The numbers can literally predict the future. Predict what money you think you can make each month for the next year, and also predict your expenses.
The first year will probably just be guesswork but after you have some ‘real figures’ from your first year the fun begins. If you can accurately predict these you are truly able to predict the future. If you are not comfortable with this I suggest either getting comfortable and learning or taking on help, accountants will usually save you their fee and more.
|Guest blogger Ed O'Neill|
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