If you’re a Filipino freelancer, you’ve likely experienced the ups and downs of an unpredictable income. This feast-or-famine cycle can make managing your finances a daunting task. However, one of the most crucial steps is to create a budget process that works for you. In this article, we’ll explore the significance of setting a healthy…
As a freelancer, it’s crucial to understand the liquidity ratio and how it can impact your financial health. The liquidity ratio measures your ability to repay short-term debts using your current assets. It helps determine whether you have enough cash flow to cover your expenses and maintain a healthy financial position. You should know that…
Managing costs is essential to running a successful business as a freelancer. Strategic cost management can help you optimize resources, reduce unnecessary expenses, and improve profitability. However, cost management can be a complex process that requires careful planning and execution. This blog will provide you with a comprehensive guide to strategic cost management for your…
As a freelancer in the Philippines, you may wonder if you must file an income tax return (ITR). The short answer is yes, you do. Filing your ITR is not only mandated by law; it is also essential for managing the finances of your legal freelance business and ensuring that you do not face penalties…
Are you tired of the traditional 9-to-5 work schedule? Do you want to take control over your career and achieve work-life balance? If yes, then freelancing may be the perfect career option for you. With technological advancements, more and more Filipinos are turning to freelance as a way to pursue their passions while maintaining a…
Traditional employees are privileged to have physical and online spaces to interact with their peers and collaborate on projects. But while these platforms exist to build healthy relationships and boost productivity, could freelancers benefit from them too? The freedom you get from working at your own pace and running your own legitimate business is a…
Freelancing is no longer considered a hobby or a passion project. For 1.57 billion freelancers globally, having a freelance career has become their primary source of income–a ticket to earning more money and better quality of life. However, it takes a special person to pursue freelancing as their full-time career, let alone succeed. According to…
As a freelancer, your resume is your primary marketing tool. It highlights your skills, experiences, and accomplishments to potential clients and helps you stand out from other freelancers in the industry. A professional resume is a document that summarizes your educational background, work experience, soft skills, and achievements. You can use a resume when applying…
Many Filipinos start working as a freelancer on top of their full-time careers. But if you think you’re ready to begin your journey towards running your own legal freelance business, this guide is for you. Registering yourself as a sole proprietor legitimizes you as a full-fledged business that abides by government regulations and compliance requirements.…
