Starting My Business

consultant

11 Financial Management Terms Small Business Owners Need to Know

By MBO Partners

Managing the financial side of your business can be intimidating at first, but understanding the basics of what’s going on when it comes to your income, profit, and expenses—even if you enlist outside help—is an important part of your job. Many independents feel that they can earn more money working on their own, but in…

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Independent business owner planning for growth

Starting a Consulting Business: 5 Common Mistakes

By MBO Partners

Starting a consulting business and going independent is an exciting transition. It’s a chance to be your own boss, pursue projects you’re passionate about, and control when and where you work. At the same time, there’s bound to be mistakes involved when you begin a new business venture. By proactively learning about common mistakes and…

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consultant

Tips for Becoming an Independent Consultant as a Gen X Worker

By MBO Partners

If you’re considering making the transition from traditional employment to independent work as the next step in your career, you’re not alone. Many Gen X professionals have made the leap to solo work—representing 28% of the total independent workforce. Often characterized as the self-reliant generation, it is no surprise that so many choose to pursue independent…

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consultant

What to Know Before Starting a Freelance Career

By MBO Partners

If you’re considering going independent and starting your own business, you’re not alone. More than 64.6 million Americans currently work as freelancers, consultants, temporary or on-call workers and the trend towards self-employment isn’t going away any time soon. While going independent has many benefits including better work-life flexibility, increased job satisfaction and the opportunity to…

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consultant

Consulting Terms Glossary: Definitions You Need to Know

By MBO Partners

As the independent workforce continues to grow and evolve, so does the vocabulary of terminology that surrounds it. Here are a few of the most commonly used and confused terms you’ll come across in the industry. 1. W-2 vs. 1099 Worker classification is a complicated issue that has a big impact on contractor engagement. W-2s…

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consultant

Top 5 In Demand Consulting Jobs for Entrepreneurs

By MBO Partners

The decision to pursue independent work as a consultant, freelancer, contractor, temporary, or on-call worker is no longer a novel concept. Today, 64.6 million Americans pursue this type of work, adding to the growing independent workforce. For many, working independently is an opportunity to find better work-life flexibility, build valuable skills, and be your own…

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consultant

Start a Consulting Business in 7 Steps

By MBO Partners

Before starting a consulting business, there are several preparation steps that need to be taken to make ensure your success. While you may be confident in your ability to deliver great services and results to clients, it’s important to take a step back and first work through some strategic planning to make sure you start…

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Types of Entrepreneurs and Independent Workers

By MBO Partners

Thinking about adding independent workers into your workforce planning strategy this year? Smart thinking! Right now, there are 64.6 million people who do independent work either full time or part time. And, they’re happier, healthier and wealthier than their peers working full time. Expect to see the shift to independent work continue. But, as a…

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consultant

5 Things to Consider Before Starting a Small Business

By MBO Partners

The decision to pursue an independent career can be both exciting and scary. The rewards of being your own boss, working flexible hours, and the ability to pursue what you’re passionate about are great, but as an independent, you also assume the challenges, risks, and infrastructure of running a business. In his webinar, Going Independent: Are You…

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Women in Career Transitions

Top 10 Tips for Career Transition in The Time of Covid-19

By MBO Partners

In these challenging times executives are suddenly being forced to prepare for an unwanted career transition. Others have been planning a departure to retirement, or second career self-employment, for years. The recent DC/Baltimore Chapter of Women in Cable Telecommunications Zoom webinar, an online webinar for women in career transitions, showcased some of the best practices,…

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