For Independent Professionals

Ideas for Special End-of-Year Thank-Yous

By MBO Partners

It’s the time of year when we express appreciation in a big way—to family members, coworkers, clients, and the service providers who make our lives easier. Even though you might mass mail (or email) thank-yous in your business, you may have some contacts or associates who deserve a more custom message. They could be fellow…

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How to Do a Year End Business Review: 5 Steps

By MBO Partners

Conducting an end-of-year review isn’t a practice that just applies to bigger businesses—it’s a process that is valuable to freelancers and independent professionals as well. A business review gives you a chance to look back at what you have achieved, revisit your goals, and consider how to best move forward for the coming year. To…

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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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Help Solve the Challenges of Independence through Talent Marketplaces

By MBO Partners

Our State of Independence research defines independent workers as full and part-time workers of all ages, skills, and income levels. This includes consultants, freelancers, contractors, temporary or on-call workers, solopreneurs, gig workers, and others who work independently to build businesses, develop their careers, pursue passions, and/or supplement their incomes. According to independent workers who participated…

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Seasoned Workers and the Encore Career

By MBO Partners

Forty-eight percent of U.S. independent professionals are either Baby Boomers (19%) or Gen X (29%). It is likely that many of these, especially in the Boomer cohort, are pursuing encore careers as independent professionals. These workers can make valuable contributions to the companies they work with. What Is an Encore Career? An encore career is…

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Setting SMART Business Goals for the Upcoming Year

By MBO Partners

Conducting a year-end business review is a valuable practice as an independent contractor. Taking stock of your accomplishments over the past months, reviewing your network contacts, and setting goals for the upcoming year can help you identify gaps in your business offerings, keep your back office organized, and uncover new ways to grow and evolve….

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Mastering the Art of The Side Hustle: Thriving in Full-Time Employment and Entrepreneurship Simultaneously

By Zanaba Hudson

In today’s fast-paced world, many ambitious individuals, myself included, are continuously seeking innovative ways to pursue our passions and financial goals. For those of us who are inherently creative, the idea of balancing a full-time job while simultaneously running a successful business is an enticing challenge. While it might initially appear as a daunting endeavor,…

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The Support Team Every Independent Professional Needs

By MBO Partners

As an independent professional, you will spend part (or, in some cases, all) of your career as a solopreneur. With a high degree of flexibility, autonomy, and control, being your own boss has a lot of advantages. The choice to go solo does have challenges. Respondents to our 2023 State of Independence survey cited unpredictable…

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Year-End Tax Planning Strategies for Independent Contractors

By MBO Partners

As the year draws to a close, it’s common to take some time to look back on the performance of your business. Reviewing your back office—records, taxes, expense tracking, billing, etc.—is another helpful practice to prepare for the new year. Organizing paperwork and making sure records are accessible will help ease the burden of searching…

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Downsides of Using AI in Your Open Innovation Solutions

By Keaton Swett

Last month I talked about how AI can help you solve open innovation challenges as a research assistant and brainstorming partner. But there’s a dark side to AI in open innovation. While using AI more extensively in your solving activities might be tempting, this can be a big risk.   3 Risks of Using AI in…

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