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Archive for June 2022
Independent Contractor Misclassification and Compliance News June 2022
As the independent workforce continues to grow, so do the issues of worker compliance and misclassification. It is important for enterprises to remain informed about the latest laws, regulations, and developments surrounding these topics. Each month, we’ll bring you the latest news stories from around the web. 1. United States Supreme Court says Arbitration Agreements…
Read More4 Reasons to Turn Down a Consulting Project
Turning down a project may not be your first inclination, but it is sometimes the best choice. If you’re new to self-employment, it can be tempting to accept every potential project that comes your way. After all, clients and the projects they provide are your sources of income. But just because an opportunity is presented…
Read More5 Spending Habits to Make Business Owners More Successful
Thinking back to my early corporate days at Accenture, I recall a time when a colleague and I wrote a business case asking the company to sponsor us to attend a Women’s Leadership Conference. The cost of the conference was $275. Accenture approved it. Looking back, I laugh at myself. I probably invested $1000+ in…
Read More4 Learning Agility Skills that Will Help You Succeed
Apply the four key components of learning agility to continually grow and improve your business.
Read MoreHow to Stay Motivated When You Work from Home
Staying motivated can be hard if you work from home. Self-employment is many people’s dream come true. You get to set your own hours, work where you like, and be your own boss. But all that time spent alone can quickly take an emotional toll and it’s easy to lose motivation and energy when you…
Read MoreSetting a Budget for Small Busines: Saving vs Spending
As you pursue your career as an independent professional, you’ll quickly discover that your success is tied to the business decisions you make. What you choose to do with your money is an important part of that challenge. Which purchases are smart investments? Which are simply a waste of money? Here are three areas where…
Read MoreTime Management: Business Owners vs Employers
“What got you here won’t get you there.” I see it play out almost every day for myself, and the independent consultants I coach. When you think like an employee, your business stagnates and stalls. Shifting your thinking into that of a business owner a critical prerequisite to your success. Specifically, a key to success…
Read MoreHow to Eliminate Your Back-Office Burden as a Self-Employed Professional
Back-office management consists of all of the administrative and support tasks that need to be done to run your business. This includes filing paperwork, tracking expenses, filing taxes, and billing clients. In addition to your daily project work, business management tasks can take up a lot of your time. Luckily, there are many options available…
Read MoreWhat is Net Income?
What Is Net income? Net income is the profit your business earns after expenses and allowable deductions. Why Is Net Income Important? As an independent professional, it is important to have a good handle on your finances. Knowing where your business stands financially can help you make important decisions such as setting bill rate, determining…
Read MoreHow to Manage Work Overload as an Independent Contractor
Clients are a crucial part of your business success as an independent professional. Without clients, you would have no work, and therefore no income. Sounds like you should work with as many people as possible, right? Not so fast. There are two reasons why having too many clients can be a problem. 1. Taking on…
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