What is a solopreneur, and what kind of business can a solopreneur form or develop? The term “solopreneur” is often used interchangeably with "entrepreneur," "freelancer," "self-employed" or "small business owner,” perhaps since all of them will likely have to pay self-employment taxes and file 1099 forms. While any of these terms may be simultaneously valid for your business, there are distinctions between them.

Do you know the cash break-even point of your business?  My experience with small businesses is that It can take time for them to become profitable. Working with a cash flow projection for your business can help you figure out when you can expect to financially turn the tides. Here's everything you need to know about determining your company's cash break-even point.

Are you able to measure the effect on your cash flow if revenue decreases 10%-30% or more? Managing cash flow can be a challenge for many small businesses. In a cash flow statement, revenue is counted right away, even when it's not yet received from the customer. If your income decreases, there could be a delay in how it may affect your cash flow.