A great way for freelancers to create a recurring income stream is through the use of a retainer contract, especially a high-value one. A retainer is an agreement with a client whereby they pay the freelancer a set fee each month for ongoing work. The primary benefit for you, the freelancer, is a sense of […]
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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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One of the most difficult things you can do in life is to build a new business from scratch. As any startup founder will know, creating a new company from the ground up is a Herculean task. It requires long hours, huge amounts of energy, intense focus, and the ability to frequently step far outside […]
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Being an entrepreneur is all about making big decisions. Your success depends on making the right choices, at the right times. One of the most important decisions you’ll make when forming a startup is who your co-founder (or co-founders) will be. In many ways, choosing your startup co-founder is on a par with choosing your […]
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“Where are they?” This is a common question for freelancers and solopreneurs when working with clients. It’s not uncommon for even the best client to go missing in action occasionally. You’re left wondering what to do next. Do you call? Do you email? When a client ignores you, it’s difficult to maintain a smooth workflow. […]
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To be a successful freelancer, you also need to be a strong marketer. Like it or not, marketing and selling are essential components of building a thriving freelancing business. You can hire people to create content and carry out marketing strategies, or, you can do it yourself. If you go the DIY route, then it’s […]
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Starting up a freelancing business when fresh out of college is an exciting adventure. You’re freed from the long hours and intense focus of studies and exams. Now it’s time to shine, to earn a lot of money, to shape your destiny, and to create a thriving freelance business. Except, there’s a problem. Without a […]
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When it comes to building a thriving freelancing career, your health and happiness are perhaps the most important factors determining long-term success. You can have all the best marketing strategies and sales tactics at your disposal but if you fail to maintain good health and mental wellbeing, your work will suffer. As a freelancer, you […]
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Why work local if you can work worldwide? If you’re a freelancer who works predominantly online, it’s tempting to think the world is your oyster. And you’d be right, it is. As a web designer, or content writer, or consultant of some kind, you have the tools and accessibility to work with exciting clients on […]
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Many freelancers fail within their first year of business. In most cases, this is because they haven’t developed a freelance business strategy. Without a coherent plan of action, it’s all too easy to be distracted by shiny objects or to fall into a rut. Freelancing is such an attractive proposition. You work for yourself and […]
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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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The biggest mistake a new freelancer can make is assuming they are subservient to their client. This is not the nature of a healthy freelancer-client relationship. The best clients treat freelance professionals as respected equals and this makes working together productive, enjoyable, and successful. Unfortunately, too many freelancers accept poor treatment, low pay, and a […]
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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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A dream many people have is to develop and maintain a successful self-run business. Freelancing is a popular way to do this and it’s very easy to quickly set up a business presence online. If you have the right experience and skillset, you can make a very good living working from your home office or […]
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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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“You have to spend money to make money” is a well-known idiom. Yet is it necessarily true? As a young newbie freelancer, perhaps fresh out of college, you might not have a lot of spare money to spend setting up your freelancing business. You might even be in the red. When every dollar counts, the […]
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The label of ‘entrepreneur’ can be alluring for many young people, especially those just graduating from college. Entrepreneurship is seen as an exciting career path to take as well as one that can be extremely lucrative. There are many well-known names on television and in the media who show what a wildly successful entrepreneurial life […]
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You’re fresh out of college – or a soon-to-be graduate – and you’re wondering what to do next. You may feel pressured to get a ‘normal’ job and settle into a career other people demand of you. Except, you’re young, ambitious, desperate to travel, and even more enthusiastic to forge a career path that suits […]
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