Manage a Small Business

digital nomad

6 Alternatives to Working From Home for Independent Contractors

By MBO Partners

While working from home may be convenient for some, it can be isolating and distracting for others. Here are 6 alternatives to a home office, along with benefits and drawbacks so you can make an informed decision. 1. Coworking Space Pros: While most coworking spaces do charge membership fees, they are relatively inexpensive and generally…

Read More...
consultant working

11 Tech Tools You Need as a Digital Nomad

By MBO Partners

Spring is here, and the urge to travel is upon many independent professionals. Joining the digital nomad population, even temporarily, can be exciting and adventurous. It can also be a challenge to make sure that you effectively deliver results to clients as you go. In addition to the tools and gadgets that help tourists travel…

Read More...
consultant

Pricing Your Consulting Services: Hourly, Fixed Price, or Hybrid Billing?

By MBO Partners

Figuring out your billing rate can greatly impact the ability to build your business. Ideally, you will arrive at an amount at the intersection of the income you need, the market value of your services, and the value you provide a client. Once you calculate your billing rate, you need to decide how to bill—that…

Read More...
retired consultant

How to Make Risky Business Decisions as a Small Business Owner

By MBO Partners

In the majority of traditional jobs, managers have the final word when it comes to making important business decisions and there are always coworkers to bounce ideas off of or ask for opinions. Independent professionals, on the other hand, are relatively on their own when it comes to making choices that will affect their business….

Read More...
Independent professional with long-term client

5 Best Practices for Developing Long Term Client Relationships

By MBO Partners

For many independent professionals, work can be tinged with uncertainty. The top two challenges reported by respondents to our 2022 State of Independence survey were not enough predictable income and concerns about the sales pipeline, and a big part of operating an independent services business is addressing them. In addition to these challenges, many independents…

Read More...
gifts

10 Home Office Gifts for the Independent Professional

By MBO Partners

Many freelancers, entrepreneurs, and small business owners call their home office—or wherever their workplace may be—their sanctuary. An office is a place that should generate creativity, promote health and well-being, and offer both a comfortable and efficient environment. We’ve compiled a list of our top home office gifts that are perfect for your wish list…

Read More...
consultant

4 Ways a Consultant Can Become an Industry Thought Leader

By MBO Partners

Owning your own business means taking responsibility for every aspect of running your company. That burden will likely include tasks that are not directly related to your actual expertise but are necessary for continued growth, such as personal branding and marketing. An effective way to market yourself online is to establish yourself as an industry…

Read More...
consultant

Identifying and Avoiding Work From Home Scams

By MBO Partners

Working from home seems like an ideal setup for many employees, including new moms and retirees. However, there are often “work from home” opportunities floating around that end up being fraudulent. You may ultimately waste your time or, worse, your money. We’ve compiled a list of ways to identify work from home scams so you can…

Read More...
consultant

How to Create a Contingency Plan for Small Business: 4 Steps

By MBO Partners

For many in the business world, a common saying is: “If you fail to plan, then you plan to fail.” This saying rings particularly true for small business owners who often have to carefully balance each aspect of their business—especially in unforeseen situations. Whether you’re sidelined by a family emergency, unavailability of resources, or other…

Read More...
consultant

Year End Small Business Review Checklist

By MBO Partners

If you are an independent contractor, consultant, or solopreneur, the end of the year is a great opportunity to review results, evaluate business assets and expenses, assess relationships, and create a plan to excel in the new year. Use this handy checklist to keep yourself on track. 1. Wrap Up Financial To-Dos If you operate…

Read More...