For Independent Professionals

consultant managing expenses

Top 6 Tax Write Offs for Self Employed Professionals

By MBO Partners

The ability to manage your business expenses is a good income strategy. As a company of one, you will incur fixed costs that cannot be billed back to clients. You’ll also need to handle expenses such as health care, retirement funds, and other benefits typically provided by an employer. Each of these fixed or variable…

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consultant-accountant

8 Ways To Cut Expenses When You’re Self Employed

By MBO Partners

Checking your spending and reassessing your expenses should be a regular activity in your business.  Dealing with smaller profit margins than large companies makes minimizing expenses a critical success factor for you. Here are eight practices to incorporate into your business that can help keep your costs down. 1. Pay Invoices Early Many suppliers offer…

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invoice

5 Ways to Be Compliant when Filing Self Employed Taxes

By MBO Partners

Doing business as an independent professional requires a different approach from working as a full-time employee, and the same is true when it comes to taxes. Since many independents receive 1099 forms from clients at the end of the year, tax time isn’t as straightforward as simply plugging a few numbers into an online tax…

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consultants

Top 5 Common Contract Mistakes to Avoid

By MBO Partners

Contracts are an important part of an independent consulting business. They define services to be performed, state payment terms and conditions, and provide legal protection. As a solo business owner, a simple contract mistake can end up costing you valuable time and money. With your business and reputation on the line, it’s important to carefully…

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Consultant

How Introverts Can Succeed in Consulting

By MBO Partners

What personality traits come to mind when you think of a successful independent consultant? Outgoing? Social? Extroverted? While those who are naturally inclined to networking and interacting with others may be at an advantage when it comes to self-promotion or meeting new people, it doesn’t mean that an introvert—or a shy extrovert—won’t be successful in building…

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consultant

5 Lead Generation Tips for Independent Contractors

By MBO Partners

Leads are an essential component to every independent professional’s business. Whether you find leads through referrals, online marketing, or even cold calling, they are necessary to keep your business healthy and growing. That said, not all leads are equal. If you’re able to find a wealth of potential clients but none of them end up being qualified,…

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5 Ways to Stay Agile and Embrace Change as a Small Business Owner

By MBO Partners

Staying agile is key to survival as an independent contractor in today’s rapidly evolving business landscape. Embracing change can help you build a successful business when everything around you—client needs, trends, market demands, etc.—is changing. Here are five ways you can keep your business agile in the face of uncertainty. 1. Continuously Develop Skills Professional…

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Successful freelancer

9 Growth Strategies for Your Small Business

By MBO Partners

Owning a small business means a seemingly endless number of tasks. From maintaining a pipeline of projects, running your back office, and drafting proposals, to holding client meetings and managing finances, the life of an independent professional is both busy and exciting. The continued growth and development of your business is an important goal to…

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blog writer

5 Key Tips for Business Blog Writing

By MBO Partners

Creating your own blog is a great way to interact with potential clients and draw in leads. As you build trust with your audience, a blog can help to position you as an expert within your field. Building awareness, providing education, and showcasing your knowledge can all be great assets for your business. As you…

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consultant working with others

4 Ways to Find Independent Consulting Jobs

By MBO Partners

There are many ways to find consulting jobs—the secret is just knowing where and how to look for them. When you work as an independent professional, one of the biggest benefits is having the flexibility to follow your passion and choose the type of work you do. However, being smart and efficient in the way…

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