Contracts and Finance

consultants working in office looking in flipchart

Bill Rate vs Pay Rate: What’s the Difference?

January 10, 2018

Bill rate and pay rate are easy terms to confuse—they both factor into the decision of how much you should charge for your services as an independent contractor. When negotiating with a client at the start of a project, make sure you are clear on your rates, and if you are discussing dollars in terms of…

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How to Bid on Projects for Consulting and Win

October 17, 2017

Writing proposals to bid on projects is an integral part of running your independent business. However, the formal Request for Proposal (RFP) process can be filled with tedious details that can feel overwhelming. Due to the complexity of this process, it’s important to understand how to best assess and bid on project opportunities. Follow these four steps…

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Top 5 Contract Mistakes to Avoid

June 6, 2017

Contracts are an important part of starting a new project. They provide legal protection, detail services to be performed, and include payment terms and conditions. If you’re new to the process, you may find that drafting a contract is a fairly complicated task, requiring specific key terms, provisions, legal obligations, and ultimately, client agreement. As a…

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Do I Need an Independent Contractor Agreement for Consulting?

May 3, 2017

In reality, however, independent contractor agreements are simply a written record of the agreement between consultant and client. Not only do they provide legal protection, but they also create a sense of professionalism, encourage communication, and ensure an efficient and streamlined process to complete the project. Here are four reasons to use a contract for…

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3 Ways to Build Small Business Credit

March 1, 2017

Build business credit for your small business by following these three essential steps.

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Consulting Fees: How Much Should I Charge?

February 24, 2017

Deciding what you should charge for your consulting services is an important step for all independent professionals. Learn how to calculate a cost-based bill rate with this video tutorial.

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Financial Advisors Independent Contractors Need

December 10, 2015

Being self-employed means you need to be a lot of things: CEO, new business developer, project manager, collection agent, and more. When independents can balance it all, they can have it all: good clients, a solid rate, a strong and steady pipeline of projects. This is what makes these independents rock stars. However, due to lack…

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