Many people are happy to keep things small and treat their side hustle as a profitable passion project – but what happens if you feel ready to take it to the next level?
As your side hustle grows, understanding your finances becomes more important. You’ll need to know how to forecast the money coming in and out, and ensure you have enough to cover you during the leaner months. If you want to scale up your operations, it will help to be clear about where to save and where to invest.
This guide walks you through the steps to take to keep your finances in top shape, including:
- How to assess your personal baseline expenses
- Why you need a cash flow forecast
- Where to start with scaling up a side hustle
- How to create a profitable pricing strategy
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