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Dani, you have to get these jobs out, we need this money. I know! I know!! But how do we do it and still remain on green light profits?. Why not TRY an early strategy?
Some call it MMM (Money Making Monday), well, if you are to ask me, I would personally have loved it to be a day I take that needed rest. You may be imagining if actually I am lazy, just give me some time to chop into this article and maybe, just maybe you will side with me. And talking of taking that needed rest, it can be dicey. There is a pending debt to clear and new bills are coming in. This can be the fate I have to patiently endure until ALL gets erased.
I won't be going back to where the bad debt actually started, it better we heard forward so we can meet up this article. A little take home here; ‘monitor bad debts, they can in turn hunt you down’. Of course you know, this ‘bad debt' can also be an uncalculated investment.
From quitting my job to turning into a full time entrepreneurial career, this is a story of a young man who dares the normal patterns of getting paid. That paycheck after 30 days isn't my thing so why not opt into entrepreneurship and get your income daily. Not bad right? But it comes at a cost. First, you will have to solve the problem of what type of entrepreneur do you want to be?
Oh! You never saw that coming. Maybe the idea was just about cash flow until you realize that entrepreneurship can be about standard and expansion. From just trying to solve problems locally, you may have to turn attention to international markets. Let me halt there; it seems my fingers are typing away from the point of conversation.
I started calculating how to run this week since last Saturday; bills to clear, expenses to make and well, we will have to work and the earlier we deliver the better. There are a lot of jobs on the table currently in the office and well, this can end up not translating to profit if the right tactics are not deployed.
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Expenses are on the high side especially in the area of energy. gas prices have gone to the roof affecting daily living and daily businessing. Think of the cost of running a generator in an office of limited machines and limited hands and it can be a deficit unless you get that assistance from general electricity; something that has been very poor for the past weeks.
The fact is, the higher the profit we keep from these workloads, the higher the chances of clearing the entire pending debts and focusing on where to channel our resources in the Next half of this year. This has been my strategy since January but one way or the other, I keep seeing red lights. The market crumbled at first; something I was also planning to take advantage of in the long run to mitigate every debt pressure.
The war that took place in the middle east escalated down here in terms of energy and logistics and you may consider how much extra to spend in a day and what that can convert in a month. It is more like losing 20 to 30% of expected profit courtesy of high gas prices plus poor general electricity circulation.
To conclude, let me add, business goes beyond how much workload is coming in and even how much it translates in incoming transactions. This is my workload experience; getting work out on time is good but it can also end up not being profitable when high expenses are the bench mark.
This is where there is a need for an expansion because in a broader lens, fast and efficient delivery is key to gain customer trust and more impact and adding to that, better profit. Business can be very tactical and this is where staying in the SME section is not that much advisable.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart
