Are You Making Any Money?

We talk about just nearly every aspect of organizing and running a small home business here in the Home Business blog; we talk about budgets and clients and customer service. I thought that we should probably talk about the bottom line here today—let’s talk about that question we may either want to ask or ourselves or are avoiding facing the truth: Are we actually making any money? I know that money is not the only indicator of success and many of us evaluate our home businesses with other criteria in addition to revenue. We may not be looking to make … Continue reading

What Else Has Value in Your Business (Besides Money)?

We know that keeping track of our bottom line means paying attention to revenue and expenses—but in addition to money, there are things that have value in our businesses that we can consider as part of the “perks” or part of the overall value of our business operations. When I think of other things besides money, I am thinking of things like frequent flyer miles, flexible time, and other perks that are specific to the type of work you do. If you receive samples from vendors or are able to attend conferences and events as part of your job, or … Continue reading

Charting and Mapping Income

I have made no secret about the fact that I am a big fan of the spreadsheet. While I am not someone who knows how to do really complicated things with my spreadsheet software programs, I can do some basic accounting and organize different things quite nicely in them. One of the tasks that I do about once a month that I find very valuable for my home business (and personal finance) is to chart and track my monthly income. I choose to track my income in a couple different ways; I track it by source (client) and then I … Continue reading

Talking About How Much You Make

Perhaps I am a little unusual, but I LOVE getting together with other freelancers and home business owners and talking about income. I think it is because I can get pretty isolated in my little world over here and am apt to beat myself up thinking that I am not doing a good enough job or generating enough income. It is good to get with other folks in similar circumstance and compare notes on the revenue side of our businesses. Of course, this demands that we be able to comfortably talk about money and income. It took me a few … Continue reading

You Are the Money–Taking Charge of Your Business Income

Many of us are drawn to entrepreneurialism and running our own home businesses because we want autonomy; we want to be in charge of our own destiny and our own income. After a while, the reality of all the things we cannot control may get to us and we may forget that we really are in charge of our own business revenue… In a traditional job, we go to work for someone else and we agree to do x, y, and z tasks in return for a certain amount of money. But, I am of the opinion that even in … Continue reading

Coping With a Loss or Drop in Business Income

It would be lovely if we were in a constant upward trajectory in our home businesses and each month, quarter, or year our income just went up and up and up. But, unfortunately, the world of business just doesn’t work that way. For a person who is used to getting a steady paycheck or salary that is regularly adjusted for cost-of-living increases, the fluctuation of cash flow in a home business can be a tough pill to swallow. It can take some adjustment to regroup when there is a loss or dip in income. Planning can help, and preparing for … Continue reading