I am full time employed, and I have a sideline (one-man) business in providing small businesses with training and coaching on how to use IT technology to streamline their business. Originally targeted at businesses with few employees, with owners often still working themselves, and very little IT knowledge beyond standard PC use. Now I have also taken on coaching bigger groups as word of mouth started to spread.
What I have done in the past, and want to continue doing over here is to use bitcoin loans to maintain positive cash flow/levels between the time I do the job, and the time I get paid.
As I am working for other companies, there is at least 30 days between invoicing the customer, and receiving the funds.
Obviously I also have my salary as a back up.
So basically this is a business loan, much like an overdraft facility you'd get at the bank. Backed by the invoiced amounts to my customers.
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