Start a Small Business

business

8 Business Startup Costs for Independent Professionals

By MBO Partners

Starting your own business is challenging, 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, we outline eight…

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consultants working at desk

4 Tips for Starting a Consulting Business After Retirement

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 64.6 million-strong workforce of…

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Independent business owner planning for growth

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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consultant

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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consultant

What to Know Before Starting a Freelance Career

By MBO Partners

If you’re considering going independent and starting your own business, you’re not alone. More than 64.6 million Americans currently work as freelancers, consultants, temporary or on-call workers and the trend towards self-employment isn’t going away any time soon. While going independent has many benefits including better work-life flexibility, increased job satisfaction and the opportunity to…

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women entrepreneurs

6 Pros and Cons of Being a Female Entrepreneur

By MBO Partners

If you’re considering pursuing a career as an independent professional, you’re probably already aware of the many benefits: the flexibility to work your own hours, the ability to pursue projects you’re passionate about, and the freedom to learn new skills, just to name a few. It’s therefore no surprise that there are more than 64.6…

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consultant

Consulting Terms Glossary: Definitions You Need to Know

By MBO Partners

As the independent workforce continues to grow and evolve, so does the vocabulary of terminology that surrounds it. Here are a few of the most commonly used and confused terms you’ll come across in the industry. 1. W-2 vs. 1099 Worker classification is a complicated issue that has a big impact on contractor engagement. W-2s…

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consultant

Top 5 In Demand Consulting Jobs for Entrepreneurs

By MBO Partners

The decision to pursue independent work as a consultant, freelancer, contractor, temporary, or on-call worker is no longer a novel concept. Today, 64.6 million Americans pursue this type of work, adding to the growing independent workforce. For many, working independently is an opportunity to find better work-life flexibility, build valuable skills, and be your own…

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consultant

Start a Consulting Business in 7 Steps

By MBO Partners

Before starting a consulting business, there are several preparation steps that need to be taken to make ensure your success. While you may be confident in your ability to deliver great services and results to clients, it’s important to take a step back and first work through some strategic planning to make sure you start…

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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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