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...
Nov 15, 2019 | Business Model |
If you’re a typical entrepreneur, you’re a creative person, and you frequently come up with new ideas for how to do business. So often, in fact, that you need to learn how to choose wisely about which ideas are worth your while to pursue. Making the right...
May 8, 2019 | Business Model |
If you spend any amount of time hanging around with entrepreneurial innovators, visionaries, and reformers, you’ll hear this question frequently. Entrepreneur #1 sketches out his or her brave new idea for making a living while changing the world, and...
Mar 8, 2019 | Business Model |
One of the biggest challenges in selling professional services is that what you are offering is intangible. Your product can’t be seen, touched, or tasted. Until your prospective clients experience what you do, they have no way of knowing if it will turn out,...
