Remember in the old days how you had to report to a boss every day? You had to show up at certain time, punch a clock when you entered your work place, when you ate, and when you left for home.
You had to dress a certain way determined by a dress code. You often did extra work that you were never paid for and never received credit for doing. When you wanted a raise you felt like you were begging.
Those days are all gone now and you run your own home business. However, one other thing is gone – a steady paycheck. Whether it was a huge paycheck or a paltry amount, it was always consistent.
Now that you’re on your own, how do you deal with a fluctuating income?
Save receipts for all your expenses so you won’t be paying extra income tax.
Dealing with the ups and downs of your own business can be tricky. But with some advance planning, you can survive the bad times and eventually thrive during both the ups and downs.