I know everyone is saying the same thing, but “I can’t believe the end of the year is upon us!” I definitely recall when 2015 started and what I outlined for my business for the year. If you can also recall January 2015 like it was yesterday, ask yourself if you’ve accomplished your goals. If not, here are a few tips you can implement now to prepare for 2016:
- Get your tax information in order.
A freelancer should always stay on top of how much they owe in taxes. This can vary by location, but typically you do not keep every penny of every dollar you make. For those in the U.S. the 40% rule can be useful. Set aside 40% of what you make for taxes and yes, that’s a lot. However, it’s always best to be well prepared in this area.
- Streamline your processes.
Try to work as lean as possible. Freelancers that you partner with and clients alike really appreciate this. The day to day of owning your own business can be taxing enough; if you add to that a million software programs that must be used just to keep your business running, you’re adding fuel to the fire. Some of the largest businesses in this country, are very lean when it comes to the software programs, apps and devices required to run their businesses.
- Set goals.
Take a moment to recall what you planned to accomplish in January of this year. Did you prepare the year before to ensure those goals were met? While it’s good to set goals, you must ensure you have a plan to implement them. Consulting with a business professional can help you map out a plan and this should be done now to prepare for 2016. We’re always happy to help you create a plan of action to ensure that 2016 is your best year in ever! You can schedule your “Business Consultation” here.
What do you plan to do now to prepare for 2016? Please share with us in the comments.
This is Shilonda Downing, signing out for Virtual Work Team!