Business Management

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Scope Creep: Definition, Causes and How to Prevent It

By MBO Partners

It is important to understand how scope creep occurs and how to avoid it to make sure that both parties agree which tasks are expected to be completed and which are considered outside of scope. What is scope creep? Scope creep occurs when a client adds new provisions, tasks, or deliverables to a project that…

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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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Artificial Intelligence: MBO Senior Leadership Perspectives  

By MBO Partners

As part of our continued focus on how enterprises and independents interact with AI, members of our senior leadership recently offered their thoughts on several key topics, challenges, and strategies. We will delve deeper into some of these in future articles. Welcome to the Wild West We’ve seen it time and again. When any new…

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4 Ways AI Can Make Your Life Easier an Independent Professional

By MBO Partners

Artificial intelligence, or AI, has been growing buzzword over the past few years. Most recently, AI is being talked about with Chat GPT—a natural language processing chatbot that uses generative AI technology. AI promises a more innovative and growth-spurred future, so it’s no wonder that so many people believe AI will revolutionize the way we…

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Client Relationships Guide: 13 Ways to Build Strong Relationships with Clients

By MBO Partners

Effective client management is important when running a small business, and building and maintaining strong relationships with clients play a key role.  If you have built a strong relationship with your client, they are more likely to engage with you on future projects and refer you to others. Once onboarded, it’s easier for companies to…

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Project Management Tips for Independent Contractors

By MBO Partners

Project management is an important part of every independent contractor’s business. How you handle a project from start to finish will have an impact on your reputation, and influence whether or not your client will want to work with you again. Project management can be tricky—even if you’re organized and it comes somewhat easily to…

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How to Find the Right Consulting Project

By MBO Partners

Finding work as an independent professional might seem daunting at first, but there are an increasing number of resources available to help independents find projects and clients. As more people turn to independent work, technology as evolved in tandem to help match your experience and resume with the best project and client for your skillset….

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Gross vs Net Income: Differences and How to Calculate

By MBO Partners

The terms gross income and net income can be easily confused. Per definition, gross income is the total amount you earn, and net income is actual business profit after expenses and allowable deductions are taken out. However, because gross income is used to calculate net income, it’s important to understand how each is calculated. When…

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6 Ways Outsourcing to Independent Contractors Can Help Your Business Succeed This Year

By MBO Partners

Outsourcing projects to independent contractors can be a great way to achieve goals. Today’s work environment is in flux. It can be hard to meet business expectations with a workforce of full-time employees alone. Independent contractors are skilled experts in many different fields. This group of workers can help provide the workforce flexibility and project-based…

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Preparing for the Holidays as an Independent Professional

By MBO Partners

The year-end holiday season is upon us! From now through New Year’s Day, many of us will juggle additional activities. School events, family visits, and social commitments get added to our usual workload and home responsibilities. For some, stress levels increase as to-do lists get longer and time gets shorter. An added stressor for independent…

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