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9 Tough (and Necessary) Lessons Entrepreneurs Must Learn

Success

I learned that you have to trust yourself , rely on your instincts, and believe in yourself, regardless of others’ resistance, doubts or negativity. The toughest lesson I’ve learned has been to handle this constant rejection and continue to have conviction in the things I believe in. Learn true communication. Be patient.

Learning 299
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Face the Spreadsheets: Lisa Gilmore on Learning to Love the Financial Side of Her Creative Business

Success

Every Friday, Lisa’s Director of Procurement compiles a report that details all of the income received Monday through Thursday and how the money is being divided between different bank accounts within the business. For example, there are separate accounts for taxes, operating expenses and cost of goods.

Learning 279
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10 Best Financial Management Tools for Personal and Professional Use

Success

So, if you are keeping up with income and expenses, you can quickly pull the data without much thought. The formulas are very similar to those in Excel, so you don’t have to learn anything new if you’re accustomed to using Microsoft. This can help you figure out how much to allocate to this expense each month. No problem.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

Firstly, it is the simplest and least expensive form of business to set up and maintain. Sole proprietors report their business income and expenses on their personal tax returns, simplifying the tax filing process, and there are fewer ongoing compliance obligations compared to other business structures.

Legal 264
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This Digital Nomad Couple Sold Everything to Travel the World in a Sailboat—Here’s What They’ve Learned About Life, Goal Setting and Relationships

Success

Ellison and Darsy learned that the most challenging (and rewarding) parts of being liveaboards in a relationship had little to do with the logistics of sailing and a lot more to do with life, interpersonal dynamics and developing self-awareness in roughly 350 square feet of space. Community remains crucial.

Goals 306
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8 Crucial Tax Filing Tips For Freelancers

Allwork

When you’re self-employed as a freelancer or contractor, you are in charge of reporting your earnings to the IRS, as well as getting your taxes accurately filed and paid. . Track your expenses and earnings during the year. Learn about quarterly payments. Lastly, avoid getting audited by ensuring that you report all income.

Filing 328
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Welcome To The Age Of Polyworking: The Multi-Job Revolution Led By Gen Z

Allwork

According to Owl Labs’ latest State of Hybrid Work report, an impressive 46% of employees are engaged in at least one side hustle. In order to keep up with everyday expenses, workers are having to find quick solutions, and having multiple jobs and side hustles seems to be one of the most popular options.

2021 275