If you’re self-employed with fluctuating income, you aren’t alone. One 2022 survey conducted by the talent platform Wripple found that 73% of freelancers identified inconsistent income as one of their primary challenges. Many independent workers assume that having up-and-down earnings automatically hurts their credit, or that improving their credit requires stable W-2 paychecks. The truth … Continue reading “How to Improve Your Credit When Business Income Fluctuates”
Written by Joseph Muscente
If you’re a freelancer, entrepreneur or small business owner, you may already have a business bank account. It’s often the first step in separating business transactions from your personal finances. But you could go a step further, creating multiple accounts that are dedicated to different aspects of your business, such as taxes, expenses and savings. … Continue reading “One Account or Many? The Best Way to Manage Your Business Finances”
Written by Joseph Muscente
Being self-employed has many perks, from being able to control the work you take on to setting your own hours. In fact, 65% of self-employed Americans find their work enjoyable and fulfilling, per recent data from the Pew Research Center. But when it comes to managing freelance finances, things can get complicated, fast. Not only … Continue reading “Mastering Cash Flow: How to Build a Calendar That Keeps Your Freelance Finances on Track”
Written by Joseph Muscente
When you work for yourself, it’s easy for work to feel like, well, your whole self. Or at least your whole financial life. Chances are you took big risks to make your business happen, so it makes sense that you want to focus on growing your brainchild (and, yes, increasing your income). But when it … Continue reading “Building Wealth as a Self-Employed Individual: Strategies Beyond Your Business”
Written by Joseph Muscente
When you’re an entrepreneur, your business is more than just how you make a living. It’s an extension of your humanity: an idea unique to you and a way of expressing yourself to the world. So when it starts to succeed enough to warrant expansion, it’s natural to feel some excitement. Your vision is becoming … Continue reading “Top Mistakes to Avoid When Growing Your Small Business”
Written by Joseph Muscente
If self-employment promises one thing above all, it’s freedom: freedom to decide what your work is, who you work with and when and where that work takes place. While it’s true that working for yourself offers the kind of flexibility and agency that can be hard to find in a salaried position, it does have … Continue reading “Navigating Health Insurance and Benefits for the Self-Employed”
Written by Joseph Muscente
Taking the leap into self-employment can be scary, but it can also change lives for the better. Many self-employed people talk about how their job offers them a sense of purpose and fulfillment that evaded them when they worked for someone else, not to mention the more logistical benefits of being your own boss and … Continue reading “Setting Financial Goals and Milestones for Self-Employment Success”
Written by Joseph Muscente
Autonomy, flexible hours and the ability to earn more without jumping through hoops: Given these perks, it’s no surprise that over 9 million Americans have chosen to start their own businesses, according to the latest data available from the Bureau of Labor Statistics. Of course, this is much harder to accomplish than simply deciding to … Continue reading “Transitioning from Employment to Self-Employment: Financial Tips and Considerations”
Written by Joseph Muscente
The first order of business — for most businesses, anyway — is making money. That’s not news. But these days, with a plethora of options on the market, many customers vote with their wallets. That means choosing to support businesses that align with their values, sometimes even at greater financial expense. A 2024 customer survey … Continue reading “4 Ethical Practices to Help Build Your Small Business”
Written by Joseph Muscente
The holiday season can be a critical time for small businesses. In fact, small business owners recently surveyed by QuickBooks said they expect to bring in 33% of their yearly revenue from holiday sales. Taking a strategic approach could help you meet — or surpass — your target. This time of year offers a golden … Continue reading “Maximizing Holiday Cheer: Effective Holiday Marketing Strategies for Small Businesses on a Budget”