Start a Small Business

transition to self employed

6 Advantages of C Corporation for Small Business

By MBO Partners

When choosing a business structure for a small business, an increasingly popular option is C corporation status, which makes owners shareholders. What is a C Corporation? A C corporation is the same status that Fortune 500 businesses hold—they are corporate entities separate from their owners. In the case of an individually owned C corp, you…

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How to Become an Independent Contractor: 6 Tips to Plan for Success

By Krista Everson

Learn the 7 tools That’ll Help You Work Independently

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Starting a Consulting Business: 5 Common Mistakes

By MBO Partners

Starting a consulting business and going independent is an exciting transition. It’s a chance to be your own boss, pursue projects you’re passionate about, and control when and where you work. At the same time, there’s bound to be mistakes involved when you begin a new business venture. By proactively learning about common mistakes and…

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Tips for Becoming an Independent Consultant as a Gen X Worker

By MBO Partners

If you’re considering making the transition from traditional employment to independent work as the next step in your career, you’re not alone. Many Gen X professionals have made the leap to solo work—representing 28% of the total independent workforce. Often characterized as the self-reliant generation, it is no surprise that so many choose to pursue independent…

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Types of Entrepreneurs and Independent Workers

By MBO Partners

Thinking about adding independent workers into your workforce planning strategy this year? Smart thinking! Right now, there are 64.6 million people who do independent work either full time or part time. And, they’re happier, healthier and wealthier than their peers working full time. Expect to see the shift to independent work continue. But, as a…

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How Much Does it Cost to Start a Consulting Business

5 Basic Startup Costs for Indpendent Consultants

By MBO Partners

If you want to start your own business and already know the skills and services you want to offer to clients, congratulations—a big part of your upfront work is already done! One of the most important hurdles you will cross when going independent is truly making sure you are ready for self-employment. If you are…

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10 Self Employment Myths

By MBO Partners

Why is self-employment appealing? Being your own boss, working when and where you like, and turning your passion into a career are just a few of the perks. But people are often hesitant to make the leap due to concerns about job security, experience level needed, or income potential. However, many of these fears lack…

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How to Start a Small Business: Checklist

By MBO Partners

If you’re curious about starting your own business, there’s a lot to consider. When first starting out, it is important to take time and fully think thorough what running your own company actually entails. Testing out your idea while keeping your existing job is an ideal trial run, because it will give you time to…

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8 Business Startup Costs for Independent Professionals

By MBO Partners

Starting your own business is both exciting and scary. But the more you prepare, the higher your likelihood of success will be. There’s a lot to consider when you go out on your own, from determining the services you’ll offer to how you’ll incorporate your business, where you’ll work, and how you’ll find clients. Below,…

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Starting a Consulting Business After Retirement: 4 Tips

By MBO Partners

A big career change like retirement can unsettle even the most accomplished professionals. But if you’re like many people who still feel like they have great work to do, you can use your transition to retirement as an opportunity to launch a profitable and fulfilling career as an independent professional, joining a 38 million-strong workforce of talented workers….

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