Many self-employed people find out the hard way that they need to upgrade their financial management skills. It’s actually quite common for inexperienced freelancers to make critical mistakes that greatly diminish their profitability. While a few slips are fine, repeating such mistakes too often can render a freelancer’s business untenable. Eventually, the most successful independent contractors learn how to control their finances, but this process can be long and arduous, with a number of setbacks. A good way to accelerate this process is to avoid some of the most common unforced errors, including the following: [Read more…]