A common dilemma faced by freelancers in every industry is whether to charge by the hour or by the project. Both strategies have their benefits and drawbacks depending on your freelancing services, ability, and audience. In this article, we’ll have a look more closely into the pros and cons of hourly and per-project pricing to […]
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Project delays are a problem all freelancers face. Regardless of your industry or experience level, there will be times when even the best project plans, schedules, and intentions go awry. Usually, these occasional delays cause minor inconvenience, but they can have dangerously negative implications for both your workflow and cash flow if they happen […]
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How do you go about finding a good accountant? This question is on the lips of many small business owners and freelancers when they decide to hire outside assistance for their business finances. Working with a professional can ease your money worries, reduce research and analysis time, and ensure you’re on secure financial ground going […]
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When you run a small business, it’s tempting to do most things yourself. You feel you know your business better than anyone, and that includes its finances. Yet for many small business owners, including solopreneurs, hiring a professional accountant saves a lot of hassle and financial stress later down the line. Building a new […]
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An entrepreneur’s way of life is difficult at the best of times. When unforeseen circumstances occur, it can suddenly become impossible. Unless that is, you have carefully built entrepreneurial resilience, allowing you to face difficult times with fortitude. The importance of cultivating resilience as a business owner became all too clear during the COVID-19 pandemic. […]
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You need the best talent for your startup, and it might just come in the form of a freelancer. Investing in human capital can enable a new business to scale quickly and meet the demands of both customers and investors. However, hiring employees is expensive and can involve a steep learning curve. This is especially […]
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Building a startup business is a risky business. Statistics on startup success make pretty dire reading, right across the board. According to one study of over 1,100 tech companies, only 15% managed to raise a fourth round of funding (Series C). Approximately 67% of companies either died or had to rely on self-sustaining solutions. Reasons […]
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Cash flow can be a major issue for entrepreneurs. Not all startup founders really understand finance and this can prove problematic. Without proper planning, a new company can find its financial resources depleted leaving it high and dry during downtimes. As an entrepreneur, you soon realize that you don’t only have a responsibility to yourself […]
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It’s becoming ever more important for freelancers to embrace innovation. There are no two ways about it. With so many freelance professionals, competition is fierce and the need to stand out is increasingly imperative. This is the same regardless of which freelancing sector you’re in. According to employment statistics, there are over 62 million freelancers […]
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As a new freelancer, you could be forgiven for thinking most big business management strategies don’t apply to your line of work. After all, you work solo and usually from home, and you certainly don’t have a big organization to lead. So how on earth can the management strategies employed by big companies benefit your […]
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One of the most exciting decisions you’ll ever make as a freelance professional is one you’ve already made – the decision to start a freelance business. Freelancing is an exciting career path. As you quickly research how to set up a new freelance business, your skin will be tingling as you imagine the liberating lifestyle […]
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Just like with anything worthwhile in life, there are certain rules or standards to adhere to. Whether dining in a fancy restaurant or simply walking down the street, there are things we can do and things we really shouldn’t do. The same applies to invoicing. There’s an invoicing etiquette to learn. Good invoicing procedures not […]
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Starting a new freelancing business is hard work. For many it can also be a worrying time financially. Whether you’re a fresh graduate or you’re leaving a disliked salaried job, it’s a bit of a jump into the unknown. However, compared to setting up other types of businesses, forging a freelancing career is relatively inexpensive. […]
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Starting a freelancing business is an excellent way to avoid a traditional 9-to-5 office job. No more commutes, no more rigid schedules, and no more annoying colleagues – no wonder a freelance lifestyle is so desired! Yet for a complete beginner, freelancing success can quickly begin to feel elusive. After the initial excitement of deciding […]
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For freelancers, bad financial habits can be the difference between success and failure. From client invoicing procedures and bookkeeping to savings, long-term planning, and overspending, a freelancer’s financial habits heavily influence the course of a self-employed career. Repeating the same mistakes hampers growth while learning and adapting can result in quick improvements in both income […]
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Being an entrepreneur is difficult. In fact, it’s one of the toughest career paths you can take. Setting up a completely new business and growing it successfully takes a huge amount of time, efforts, and guts. There are also a lot of financial risks. You therefore need all the help you can get and this […]
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The beginning of a new year brings renowned hope and optimism for many freelancers and small business owners. There’s something about a fresh year that is invigorating. It’s the time when many people make New Year’s resolutions, filled with good intentions, and genuinely try to stick to them. Unfortunately, some studies suggest up to 80 […]
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Client confidence is everything when providing services to clients. From the billed work itself to your communication processes and invoicing procedures, every touchpoint needs to work seamlessly towards creating a favorable impression. You can be excellent in whatever it is you do but failure to maintain strong client relations can create fractious feelings and break […]
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Motherhood and stress go hand in hand. While being a mom is hugely rewarding, it’s also very stressful. For freelancing moms trying to earn a good living, balancing parental pressures with client demands can often feel overwhelming. Being a mom is joyful and full of love but it’s very hard, especially when you’re developing a […]
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Freelancing gives many people the wonderful opportunity to work while traveling. You may need to meet with clients in a particular location from time to time but for the rest of the week or the month, you can be anywhere. This affords you the ability to explore new places, far and wide, especially if most […]
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