It's really easy as a business owner to get so wrapped up with your clients work that you actually forget about your own business. Starting up on your own is really exciting and full of promise but if you're not careful the business can soon take over your life, exhaust you and worse still, if you take your eye off the ball, financially ruin you. Poor cash flow is a renowned small business killer.
Here are 5 tips to keep you on track
1. Work out your Figures
You need to be clear exactly how much your overheads are and ensure the prices your are charging to your clients are inline to make you a profit. Produce a spreadsheet, write down all your overheads and look at your prices. Have you included ALL your overheads? Here's a biggy - REVIEW. Review your prices and overheads at least quarterly.
2. Check Your Bank Statement
Are you paying out for something you don't use anymore. Check your bank statements for regular outgoings and cancel...