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Starting My Business
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If you are not ready to make the transition to full time self-employment, a good way to get started and test the waters is to start a consulting business on the side. This will give you an opportunity to not only see if working for yourself is something you enjoy but where gaps in skills…
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An invoice may be the last thing that comes to mind when you think of powerful communication tools for your small business, but an invoice that is put together well can enhance your professionalism, make a good impression, and lay the groundwork for a continuing business relationship. An invoice is a permanent record of the…
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The many administrative and support tasks that must be done to effectively run a business is a big part of every small business owner’s job. Without an organized and well-managed back office, your business can suffer. While larger companies have teams of employees and individual departments to handle these types of tasks, when you run your…
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There are 64.6 million independent workers in 2022 self-employed Americans today working as consultants, freelancers, contractors and more. This independent workforce touches all segments of the economy—from on-demand drivers and freelance writers to marketing professionals and website designers serving major companies. With so many types of independent workers, what do the terms independent consultant and…
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When you run your own business, it is important to present yourself in a professional way in order to attract the clients and projects you want. Much of this comes down to how you market and brand your services. While self-promotion may not come naturally to all independent professionals, it is a key part of…
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Whether your goals for pursuing self-employment are financial, lifestyle, or interest based, choosing to go independent means just that—you have the choice to build a business that allows you to live your life the way you want to live it. Today, more people than ever are pursuing an independent career and year after year, more…
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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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While becoming an independent contractor may sound great, you might not feel 100% ready. Being confident in your decision is important, and luckily there’s a lot you can do to prepare for self-employment so you feel completely informed in your choice. Building a strong networking base, preparing financially, and establishing the unique services you bring…
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Understanding your legal rights as an independent contractor or 1099 employee is important. This information can help you build a positive—and legally compliant—relationship with your clients. How are independent contractor rights determined? When a company engages someone as an independent contractor, they are responsible for ensuring that person is properly classified. The Internal Revenue…
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If you are considering quitting full-time employment for a career as an independent consultant, here are several key factors that can help you determine if (and when) this transition is right for you. 1. You are financially ready There’s no magic number needed to quit one’s job and make the leap to self-employment, but typically…
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