4 Ways to Better Manage Irregular Income

I recently read an article about “4 Ways to Better Manage Irregular Income,” Caron Beesley (Beesley, 2009). Many people these days want to own their own business one day such as myself, but one thing that can damper that dream from becoming reality is not learning how to manage your money flow. With already being an independent hair stylist I learned how to manage money quick, but I still find myself feeling like that I am living pay check to pay check. Between buying hair products, appliances, supplies and of course food, you can spend though money quickly without realizing it. Running your own business seems like you would run in to a few issues with money. Separating your money from business money is key; business finances are very essential. Not only that, but it makes it that much easier, but it helps when organizes yourself to prep for taxes. What is entrepreneurship or should I ask an entrepreneur?. Entrepreneur/entrepreneurship is commonly defined as the capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit. (businessdictionary.com) so basically stating that owning your own business would be for driven people who want to be successful and want their business to thrive grow no matter the risk.

The first step to managing irregular income and successfully owning your business, is for you as a business owner to make the habit of drawing a salary every month or every two weeks from your business accounts to pay your personal bills. Even though there may be times that you may need to draw more out of your business bank account to pay for vacations and other expenditures, try to maintain a set schedule and salary amount. This will help avoid the temptation to be carless when you start to make more money. The seconded step to managing