We all know that the freelancing world is thrilling, fulfilling, and at times, let's be real, a bit terrifying. One of the most daunting parts of freelancing (and one that I've grappled with myself) is cash flow management.
In today's episode, we're diving deep into this crucial topic. The one thing I want you to take away from this episode is how to skillfully manage your cash flow so you never have to see your bank balance hit zero.
I'm sure you've heard this saying before: "Businesses don't fail, they simply run out of money".
This isn't just some platitude, it's backed up by data.
A study cited by Business Insider tells us that 82% of small businesses (freelancers included) fail because of cash flow issues. That's right - they ran out of money. That's why today's episode is so crucial.
As someone who's seen my income swing wildly from one month to the next (like when I made $20,000 in January 2015, then just $1,200 in February 2015), I've learned first-hand the stress of getting this wrong.
You might be thinking, "But Brian, I'm just a freelancer. I don't have a big business with tons of employees and overheads. Do I really need to worry about cash flow?"
The answer is a resounding YES.
It doesn't matter if you're a solo freelancer or a big business, managing your cash flow is vital to keeping your business afloat and making sure you're not living paycheck to paycheck.
In this episode you’ll discover:
For full show notes, visit https://6figurecreative.com/254
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#220: The Busy Freelancer's Guide To Getting Your Time Back (By Building Systems That Scale) | With Rachael Mueller
#219: How To Land High-caliber Clients By Emailing Strangers | The Cold Outreach Masterclass With Colleen Welsch
#218: How To Use Social Media To Start ATTRACTING Clients (Instead Of Chasing Them) | With Chris Smith
#217: Case Study: The Solo Freelancer Earning $1 Million Per Year (It's Not What You Think)
#216: How To Spend Less Time Doing The Stuff You Hate | The Easy Ates Framework
#215: How To Earn Up To $500,000 Per HOUR As A Designer | With Cat Coquillette
#214: How To Stop Trading Hours For Dollars By Creating An Ascension Ladder | With Rachel Brenke
#213: The 4 BEST Ways To Become More Valuable To Your Clients (So You Can Charge More) | Takeaways From $100 Million Offers
#212: How "Growth Hacking" Can Kickstart Your Freelance Business | With Ian Paget
#211: The Missing Skills You Need For Surviving (And Thriving) As A Freelancer | With Sarah Townsend
#210: Annihilating Fear So You Can Step Into Your True Power As A Creative | With James Victore
#209: Choosing A Niche That Attracts Your Best Clients (And Repels The Worst) | With Micah Woods
#208: Building A Flawless Experience For Your Clients | With Nicholas Di Lorenzo
#207: How Freelancers Can Use "The Rule Of 7" To Ethically Get More Clients | With Mike Janda
#206: Stuck With Low $$$ Projects? Here's How To Level Up To $50,000 Projects | With Ryan Koral
#205: How To Be "The Full Package" 6 Figure Creative | With Toby Lloyd
#204: How To Generate 1000 Inquiries Per Year As A Logo Designer | With James Martin
#203: Our Favorite 3 Methods For Creating Awareness | The Client Acquisition Series
#202: How To Attract Your Dream Clients | The Client Acquisition Series
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