Smooth an irregular income: pay yourself a salary from a buffer
This lesson is part of the course
In this lesson
You set a fixed monthly salary from Nora's lumpy revenue forecast, track the business-account buffer month by month, find its low point and chart it.
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Lessons in this course
- Your minimum hourly rate: target income, billable hours & utilisation Locked
- Hourly vs day rate vs project & value pricing Locked
- Platform fees, payment fees & your real net income Locked
- Proposal pricing: scope buffer, rush fee & deposit Locked
- Invoice tracker: payment terms, days overdue, late fees & cash by month Locked
- Smooth an irregular income: pay yourself a salary from a buffer Locked
- Tax & retirement set-aside: percentages and quarterly estimates Locked
- Client concentration & the expected value of your pipeline Locked