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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Successful investors say “no” to the vast majority of startups who approach their offices. It’s inevitable. A venture capitalist (VC) can only work with so many companies at any one time. With potentially hundreds of pitches being received every year, it takes something truly special to catch their eye. The dream of any investor is […]
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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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There’s nothing like a bad client to put a black cloud over your freelancing business. Bad clients suck the energy out of your work and leave you feeling deflated and shortchanged. Yet it can be difficult upon first contact to decide whether a potential new client is suitable or a whole heap of trouble just […]
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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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Short & Sweet reviews of our favorite books for entrepreneurs. This weeks review: NINJA BOOK REVIEW: FANATICAL PROSPECTING – The Ultimate Guide To Opening Sales Conversations & Filling The Pipeline By Leveraging Social Selling, Telephone, E-Mail, Text, and Cold Calling. by Jeb Blount 5 out of 5 NINJA STARS All B2B sales start with prospecting: […]
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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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“The thing always happens that you really believe in; and the belief in a thing makes it happen.” – Frank Lloyd Wright Belief, when it comes to work, is everything. Whatever you believe to be true, will influence and dictate whether you meet with success or failure. All successful solopreneurs have realized this and it’s […]
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Freedom! That’s the word many people associate with the freelance lifestyle. After all, working for yourself means you can set your own hours and take a vacation anytime you please. Right? Yes and no. The answer lies somewhere in the middle. As a new freelancer you’ll soon come to realize that freelancing requires a lot […]
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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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