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Money management · Cashflow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies. This means that if you work 100 hours in January and bill for it on January 31st, you probably won’t see any cash until the middle of March. Do you have the cash to make ends meet?
It’s important to remember that, all else (risk, cashflow, community relations, ethical or legal constraints) being equal, NO project sponsor has ever said they want LESS value from a project for their investment! Is the cashflow available to increase expenditures in such a way? million in additional profits.
Don’t be afraid to look at the “business” or “hard” data, at least to understand the cash situation of the organization. Get help to do that if you aren’t comfortable with cashflows. Business Ethics, Culture and Performance. Librarys Blogs. Boards of Directors. Building a Business.
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