It is undeniable, financial conditions are one of the most influential things in our daily lives. Good financial condition will help us to realize the plans that we have prepared. Therefore, the ability to manage finances is one of the priorities that we must do, both as business owners and personally. So, so that we can minimize and avoid financial problems, we need to fight for financial independence. So, what is financial independence and is it possible for business owners to make it happen?


Definition of Financial Independence


In general, financial independence is a situation when you have sufficient savings, both in the form of investments and cash funds so that you can carry out your daily life without any hindrance. Hence, people who are financially independent can retire early or pursue a career that interests them. They no longer need to think about certain income targets that they must get.

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How to become financially independent for business owners?


So, can everyone, including business owners, be able to achieve financial freedom? Of course, the answer is yes. For more details, let’s learn tips so that business owners can become financially independent!


1. Rent first, buy later


Most business owners will need a special place outside their home to do business. You see, a business that is run from home is only intended for certain types of businesses, for example, such as resellers who sell online or catering businesses. Well, if you want to find a place of business, it’s better not to buy the place right away, but just rent it first. This strategy helps you to reduce costs, but still make your customers feel comfortable while visiting. Later, you can buy the place if your financial condition has improved.

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2. Use the system to manage the business


In the midst of rapid technological developments, business owners can choose various systems that help them manage their business. These systems not only save you time, but also costs you have to spend. For example, a business management system that you can use can be in the form of cashless transaction services, automatic sales reports, and digital receipts.


3. Find your purpose in life


When you want to get financial freedom, then you must first determine the criteria. In your opinion, what kind of financial freedom do you want to achieve? You see, everyone’s criteria will certainly be different so you can’t pursue financial freedom based on what other people do. First identify the goals you want to achieve in more detail so that you can reach them more easily.


4. Create a monthly budget


A person who wants to be financially independent must first cultivate good habits. One of the things you can do as a business owner is create a monthly budget that is your reference when making payments. This monthly budget helps you to pay off your bills and use your money wisely. Of course, this monthly budget will also prevent you from overspending.


5. Deepen financial literacy


Without having good knowledge about finances, then you will find it difficult to manage the income you have. Therefore, make sure to always be open and learn how to manage finances. Meanwhile, for business financial management purposes, you can also learn to make financial books through the “Learn Financial Bookkeeping for Financial Administration” class at, a platform to learn vocational skills.


6. Take care of assets and property


Take care of the assets and properties that you rent and own so that you can use them for a long time. You see, compared to buying a new property or asset, of course the cost to maintain it is much less. So, the funds you have can be used for other purposes.


Financial independence can be owned by anyone, including you as a business owner. Let’s get used to being consistent and brave to face the challenges! Expand your knowledge and skills through various non-formal classes at Get a bonus of 50,000 e-Wallet coins for pre-employment card participants who purchase the Learn to Become a Clothing Industry Entrepreneur and Learn Photography Techniques to Become a Photographer.


This article is a collaboration between Cashlez and  Luarsekolah.

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