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As a small business owner, creating and implementing successful business management strategies are key to sustainable growth. There are many aspects to managing your own business, from back-office tasks like handling finances, paying the right taxes, and writing contracts, to staying organized and delivering quality work. If there’s a particular aspect of management that you…
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If the words “performance review” spark dread or anxiety, you’re not alone. In the traditional world of work, performance reviews are often time-consuming sessions where employees feel scrutinized or criticized. So, why should you put yourself through this process as an independent professional? The answer is simple: when done correctly, performance reviews can be a…
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Writing contracts is an important part of your business as an independent professional. A contract defines the work you agree to do for a client, and it also provides you with legal protection. Contract negotiation can be an intimidating part of starting a new project but setting up this legal framework will help protect you…
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Contracts are an important part of starting a new project. They provide legal protection, discuss services to be performed, and include payment terms and conditions. If you’re new to the process, you may find that drafting a contract is a complicated task, requiring specific key terms, provisions, legal obligations, and ultimately, client agreement. As a…
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Starting your project with a project kickoff meeting is a great way to lay the foundation for success and reinforce your client’s decision to engage your services. Once the contracts are signed and the budget is approved, it is time to get to work! A project kickoff meeting is a chance for everyone who will…
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Managing your time while maintaining the freedom of setting your own schedule is a goal for anyone who is self-employed. After all, one of the biggest perks of independent work is the freedom from corporate nine-to-five days and the ability to create your own schedule. Without a set routine, however, time management can be challenging…
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Back-office management consists of all of the administrative and support tasks that need to be done to run your business. This includes filing paperwork, tracking expenses, filing taxes, and billing clients. In addition to your daily project work, business management tasks can take up a lot of your time. Luckily, there are many options available…
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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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As an independent, you are out there on the front lines—especially when it comes to dealing with a client. Often there is no buffer between you and the person offering you the opportunity for a project. No manager, no HR, no accounting department—just two parties hashing out the details. Such close quarters can present many…
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Finding a way to grow as a small business owner can be a challenge. Teaming up with another independent professional is a great solution—a partnership can bring new skills to the table, help you manage your workload, or even land that big project you’ve had your eye on. Once you’ve decided to partner with another…
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