That is really useful advice, Ron and I had to laugh when I read the first tip on cash flow, so true, I almost choked when my tax guru told me I would have to up for pension fund, social insurance, accident insurance, etc for the first year of business once it had finished and I knew what the (higher than expected) revenue was and at the same time i had to pay ahead of time for all of this for year 2 based on the the higher expected revenue i got in year 1 (which is far from guaranteed in year 2) 🤩🤦🏽♀️ I managed but…
That's great! I'm glad it helped! There are a lot of landmines on the path to self-employment, and we don't know them until we run over them sometimes. Many surprises in store, so following behind someone who's gone down that road before is helpful.
I will try to work on the passive and recurring revenue streams but finding it difficult to think of that in my industry
That is really useful advice, Ron and I had to laugh when I read the first tip on cash flow, so true, I almost choked when my tax guru told me I would have to up for pension fund, social insurance, accident insurance, etc for the first year of business once it had finished and I knew what the (higher than expected) revenue was and at the same time i had to pay ahead of time for all of this for year 2 based on the the higher expected revenue i got in year 1 (which is far from guaranteed in year 2) 🤩🤦🏽♀️ I managed but…
That's great! I'm glad it helped! There are a lot of landmines on the path to self-employment, and we don't know them until we run over them sometimes. Many surprises in store, so following behind someone who's gone down that road before is helpful.