Oct 18, 2022 | Business Model |
In a national survey of self-employed professionals, almost 50% of the consultants, coaches, and other professionals declared that they were currently not earning enough to meet their expenses. This result isn’t too surprising, since according to the U.S. Small...
Dec 15, 2021 | Business Model |
Over the 30-plus years I’ve been self-employed, I’ve teamed up with other professionals many times. We’ve collaborated on creating new programs and products, or worked as partners to serve clients as a team. A key piece of my experience has been that...
Oct 19, 2021 | Business Model |
I’m often asked by self-employed professionals how to go about setting an appropriate hourly rate. Professionals and freelancers are often advised to set their rates by comparing them to the competition, but this isn’t the whole answer. As one professional told...
Feb 24, 2021 | Business Model |
You’ll often hear or see the advice that you should create a profit and loss forecast for your business. In fact, you may have heard it from me. Forecasting how much you will earn and what expenses will be necessary is an essential step to set appropriate prices...
May 19, 2020 | Business Model |
If you’ve been operating a successful professional services business as a solopreneur, it can be a smart move to leverage your experience, contacts, and track record in the industry by adding other professionals to your team. Managing a multi-person firm will...
Jan 9, 2020 | Business Model |
In any professional services business, you typically begin by serving clients one-to-one. As you improve your skills at marketing yourself and begin filling your practice, eventually you discover there are only so many hours in the day. You want to keep growing your...
