Finance

consultant

Consulting Rates: How to Determine My Bill Rate

By MBO Partners

How do you calculate your consulting rate?  It’s a question most W2 employees ask themselves when they want to become a consultant. How can you maximize today and prepare for a profitable consulting business? 1. Evaluate Your Bill Rate When’s the last time you evaluated your pricing strategy? Have your bill rates remained steady for…

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Independent pro

6 Things to Start NOW to Increase Your 2023 Billing Rate and Revenue

By MBO Partners

It’s the last quarter of the calendar year and time for 2023 planning.  As you work through your business goals and growth strategies for the coming year, consider your current rate schedule along with new ways to increase revenue. Refer to benchmark services that cover your market and skill set to compare the rates they…

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invoicing

How to Bill and Invoice Clients: 10 Steps to Get Paid on Time

By MBO Partners

10 simple steps to billing a client to ensure you get paid on time.

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How Much Does it Cost to Start a Consulting Business?

By MBO Partners

Launching a successful consulting business requires both financial preparation as well as a solid business plan. We’ve compiled four tips to help you figure out how much money you need to start your own business. 1. Start Up Capital Don’t be surprised if your first few months of financial reports show far more output than…

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consultant

Overcoming Top Consulting Challenges

By MBO Partners

Working as an independent consultant and being your own boss offer a number of benefits including setting your own hours, determining your specialties, and choosing your clients. However, independent consulting is not without its challenges. In MBO’s State of Independence report, we surveyed independent consultants to learn about their experiences, goals, and difficulties. Here, we…

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How to Build Business Credit: Tips for Small Businesses

By MBO Partners

Business credit can provide protection, value, and financial security for your company. Here’s what you need to know.

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Gross vs Net Income: Key Differences and How to Calculate

By MBO Partners

Gross income is the total amount you earn and net income is your actual business profit after expenses and allowable deductions are taken out. However, because gross income is used to calculate net income, these terms are easy to confuse. When you run your own business, understanding the difference between gross income and net income…

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consultant

5 Ways a Small Business Go Green and Save Money

By MBO Partners

It’s an unfortunate truth that many environmentally friendly products and services cost more than their less-green counterparts. But going green doesn’t always mean you have to spend more. In fact, independent contractors can actually save a surprising amount of money by adopting a green attitude towards daily business tasks. We’ve compiled a list of five quick…

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consultant

3 Ways to Build Small Business Credit

By MBO Partners

Build business credit for your small business by following these three essential steps.

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time-tracking-and-billing-for-independent-contractor

3 Ways Self Employed Track Time and Billable Hours

By MBO Partners

When you run your own business, time tracking and billing are essential parts of your job. Whether you charge clients by the hour or by the project, knowing how and where you spend your time will keep your business both productive and profitable. How you manage your billable and non-billable hours as an independent determines…

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