I recently did an interview with Harlow about the basics of freelance finances.
While tailored to freelancers, most of the answers could apply to anyone with a solo business.
Some of the questions I answered:
• How do you recommend freelancers structure their business?
• Why is it important to have a separate business bank account?
• At what point in the freelance journey do you recommend bringing on a bookkeeper/accountant?
• What money management advice would you give to year one freelancers who want to plan for things like taxes & retirement?
• What expenses should small business owners be keeping track of?
If you want to read the full interview, click here:
Read 'Freelance Finances 101'
Friendly money & business reminders for self-employed creatives
✅ Life is simple
Keep your overhead low - When I started, my total monthly expenses were $1,700 (including rent). With low expenses, I could survive without needing much income - which is a situation most creatives find themselves in.
Focus on hard skills - I spent several months learning web design in 2021 and it's now my primary income source.
Make what you're passionate about - I spent years doing things that I wasn't passionate about, and recently found contentment when I doubled down on the things I loved doing.
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Thanks for reading 🖤