Monday, 10 February 2014

Business Tip of The Week No. 4

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 start

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
Come back to The MYOB Show blog next Monday at 12:00 GMT for more business advice.

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I hope this info helps.

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Take care,

Dom O'Neill

What is The MYOB Show?

The Mind Your Own Business Show (MYOB Show) is a British talk radio programme. We help you succeed in business and live the dream as your own boss! We are the most honest and realistic show dedicated to giving you all the info you need to succeed in your career. MYOB Show is on the AM dial of your radio & online as an on-demand talk radio programme. The show is full of useful tips, discussions and information to help folk like yourself adjust to life after the 9-5.

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