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Business Management
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Writing contracts is an important part of your business as an independent professional. A contract defines the work you agree to do for a client, and it also provides you with legal protection. Contract negotiation can be an intimidating part of starting a new project but setting up this legal framework will help protect you…
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There is a lot of planning and preparation required to start your own business. One of the most important steps of this process is creating a business plan. Below, we review eight steps to help you create a simple business plan as you begin your small business. 1. Outline Your Offerings Focus your initial business…
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Contracts are an important part of starting a new project. They provide legal protection, discuss services to be performed, and include payment terms and conditions. If you’re new to the process, you may find that drafting a contract is a complicated task, requiring specific key terms, provisions, legal obligations, and ultimately, client agreement. As a…
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Going out on your own and starting a solo business can be both intimidating and daunting. When transitioning to self-employment, you’re leaving behind the safety net you had as an employee—healthcare and retirement benefits, a boss who directs your work, and an employer who pays half of your Social Security and Medicare taxes. But as…
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Managing your time while maintaining the freedom of setting your own schedule is a goal for anyone who is self-employed. After all, one of the biggest perks of independent work is the freedom from corporate nine-to-five days and the ability to create your own schedule. Without a set routine, however, time management can be challenging…
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Apply the four key components of learning agility to continually grow and improve your business.
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Back-office management consists of all of the administrative and support tasks that need to be done to run your business. This includes filing paperwork, tracking expenses, filing taxes, and billing clients. In addition to your daily project work, business management tasks can take up a lot of your time. Luckily, there are many options available…
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Clients are a crucial part of your business success as an independent professional. Without clients, you would have no work, and therefore no income. Sounds like you should work with as many people as possible, right? Not so fast. There are two reasons why having too many clients can be a problem. 1. Taking on…
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One of the most challenging parts of running your own business is landing new opportunities. Referrals can be a great way to gain new work, but it’s up to you to find the right people in your network, create strong relationships, and connect with them to find out what’s happening and how you can get involved….
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More than ever before, the ability to be self-employed is on a lot of people’s minds there were 64.6 million independent workers in 2022. Independence offers the opportunity for greater flexibility, increased career satisfaction, and even the chance to earn more money—so, there’s a lot to be excited about. However, making the leap to self-employment…
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