Every month we run through a series of questions to help you run your freelance business like a bigger business — “self-coaching” your way to better results and a better life.

 

It’s Reflection & Assessment month!!

 

I’m going to remind you to fill yours out but we’re also going over 5 secrets your money is whispering to you…and what they mean for your freelance business. This week we’re covering…

 

Quarterly/Yearly income and business health

 

Tracking yearly income is about more than how much you pay yourself. It’s also an indicator of business health.

 

In businesses big and small, income fluctuates from year to year. One year of negative trends might not be a problem—things happen and sometimes business stalls or even falls. But two or three might be a sign that there might be some market shifts affecting you. This means you likely need to make some changes to your strategy or practices…like refining your niche or raising your rates.

 

So make sure you’re tracking income quarterly and yearly in your Reflection & Assessment spreadsheet. And don’t forget to go back and review. You’ll either get a nice confidence boost seeing how well you’ve done…or learn a lesson. Either way, you’re in a better position than you were before.

 

 

If you aren’t sure about some trends you’re seeing, come by the Academy boards and let’s talk it out!

 

 

 

 

Megan