What It's About
Let's check out the Profit First approach to freelance!
Notes from Chris
Episode 2618
In today’s episode of Side Hustle School, we're joined by Theo from Corpus Christi, Texas. He’s been navigating the world of freelance graphic design with great passion, but like many creatives, finds the financial management aspect challenging. Theo is considering the Profit First model, a unique approach to business finance that's piqued his interest. He’s curious about its applicability to his small, service-based business, particularly given the often unpredictable nature of freelance income. Let’s explore if this financial model is a fit for Theo’s business and discuss the potential challenges and downsides he might face."My name is Theo from Corpus Christi, Texas. I've been running a freelance graphic design business for a couple of years. While I'm passionate about my work, managing finances isn't my strong suit. I recently came across the Profit First model and am intrigued by its approach to business finance management. Considering the size of my business and the irregular nature of freelance income, is this a practical model for me? What are the potential challenges or downsides to implementing Profit First in a small, service-based business?"Listen to today's episode to learn more...
SEE ALSO:
- Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
- Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
- Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.
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