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Self-employment income fluctuations

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3 replies [Last post]
19 April 2011 - 3:04pm
Bizbuzz Team
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A real issue for self-employed people can be how much personal income fluctuates from month to month. This can make family budgeting hard, and can create difficulties in things like applying for income protection insurance or working out eligibility for loans or benefits.

The solution is two-fold: creating a “slush fund” from additional income in good months to fall back on in quiet times; and working to even out the peaks and dips in income by ensuring your marketing is consistent and regular, building several income streams in your business, encouraging customers to make repeat and/or regular purchases and keeping a close eye on cashflow.

Please share your experiences or suggestions here.

Helping you make running your business easy, fun and successful.

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20 April 2011 - 8:17am
#1
Newbee
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One of the best pieces of advice I received was to build up and keep 3 months cashflow in my business account, and use that to even out the dips. It has worked out quite well for me so far

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6 May 2011 - 11:26pm
#2
Newbee
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Hi,

Can you please tell me how to change password ?

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9 May 2011 - 10:44am
#3
Bizbuzz Team
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Hi Newbee, when you log in, just click "My Details" and then "Edit". There you will be able to enter a new password. If you can't remember your password to login, click the "Request new password" under the login block and we'll send you a link.

Helping you make running your business easy, fun and successful.

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