Manage a Small Business

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How to Communicate Effectively with Clients

By MBO Partners

Communication is one of the most important factors in developing and maintaining client relationships. Clients are the glue that hold small businesses together. Your success and growth as an independent professional is only as strong as the relationships you build with your clients. Good communication can help keep a project moving along smoothly, resolve pain…

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6 Actionable Ways to Stay Motivated When You’re Self Employed

By MBO Partners

When you are self-employed, you’ll quickly learn that putting in long hours without seeing immediate payoff is normal. But the pressure of doing it all yourself can be a lot, and it can be easy to lose steam. Find inspiration, keep on task throughout the day, and maintain focus on your goals by following these…

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11 Financial Management Terms Small Business Owners Need to Know

By MBO Partners

Managing finances for your business can be intimidating at first, but understanding the basics of what’s going on when it comes to your income, profit, and expenses—even if you enlist outside help—is an important part of your job. Many independents feel that they can earn more money working on their own, but in order to…

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6 Personality Traits of Successful Consultants

By MBO Partners

When pursuing a career as a consultant, it can be helpful to understand which personality traits are shared by the most successful consultants and if you need to work on developing them. Networking, running a business, and managing projects are all important aspects of an independent professional’s daily life, and there are personality traits that…

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4 Ways to Handle Common Client Challenges

By MBO Partners

Challenges can arise as you work with clients, and it is important to be prepared to handle them.  You may encounter a roadblock, situation, or circumstance that makes it difficult to successfully perform your work. It’s not uncommon to struggle with knowing when to make your client aware of issues or limitations. When it comes…

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5 Big Benefits to Developing Partnerships with Other Consultants

By MBO Partners

Although viewing other independent professionals in your market space as competition is natural, there are business benefits in developing relationships with your peers. Networking with other independents can lead to shared learning, collaboration, and referrals. While differentiating your business is an important way to stand out from the crowd, establishing strong relationships with those in…

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Useful AI Tools for the Independent Professional and How to Make a Selection

By MBO Partners

It may seem like the AI tool floodgates have opened. And it’s just the beginning of what promises to be a fast evolution to increasingly sophisticated offerings. While it may be tempting to wait until that evolution is further along, independent professionals need to dive in now. There is a learning curve, not just for…

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AI

4 Must-Have AI Skill Areas for Any Independent Professional

By MBO Partners

To a greater or lesser extent, AI permeates every function in an enterprise. As an independent professional, even if your services are not specific to AI you must master relevant tools and stay current as they evolve. This can allow you to achieve and retain a favorable competitive position and expand your offerings to clients…

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6 Steps to Incorporate Gen AI into Your Independent Business  

By MBO Partners

Embracing AI is a business imperative for independent professionals, and many have moved to incorporate it into their businesses. Nearly three-quarters of the respondents for our report on Gen AI and its impacts on the independent workforce reported familiarity with the technology. Nearly 60% of that group reported using Gen AI in multiple workflows. Independent…

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12 Must Have Productivity Apps for Self Employed

By MBO Partners

While your favorite apps might involve watching viral videos, scrolling through beautiful pictures, or zoning out while playing a game, you don’t always have the luxury of getting sucked into the vortex of your phone when you run your own business. Luckily, there’s another category of apps that are equally engaging—and can help you maximize…

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