The question of when a business is big enough for a separate business checking account is kind of a trick question. Although there are differing opinions on the subject, it’s always best to have a business bank account, regardless of the size of your business. In fact, small business owners are wise to open a […]
Having choices in life is always great. What about too many choices? That’s what comes with self employment. The freedom to choose is both the best and worst thing about being self employed. While it’s great not to report to anyone, it’s also a lot of responsibility to take on. That said, here are four things […]
If you’ve ever wanted to start a business, you’re certainly not alone. Whether you think of the next best thing in tech or an easier way to deliver pizzas, the opportunities are truly endless. What separates the “wantrepreneurs” from the entrepreneurs is action. A great idea is worthless without execution. So when’s the best time to […]
The very first step to getting paid is sending out your invoice. That’s obvious right. Now for the hard part – getting it paid. In a perfect world, your client will pay the invoice on time and you’re off to your next job. However, it’s never that straightforward. While you can’t control your clients, you […]
Starting a business with family or friends can be tough. It’s tough because it’s hard to remove emotions from regular business dealings. And we all know mixing emotions and business can lead to some bad decisions. Anger is one of the most powerful human emotions. For some, it can completely inhibit their ability to make rational […]
Invoicing clients has many steps. If you want to invoice correctly, it’s more steps than you’re probably thinking of. One step that many freelancers and small businesses forget about is putting together project estimates. Typically we like to get things done as quickly as possible. Most of the time that means eliminating extra work. Creating […]
Regardless how mentally strong you are, you can still get into a mental slump. Whether it’s writers block or you’ve been stuck debugging your code, these mental blocks can drive us crazy. More often than not, the problem gets worse the more we try and solve it in the moment. While I can’t tell you […]
If you’re like most business professionals, the majority of your day is spent in meetings. Sometimes you can get a lot accomplished during this time. However, they are often ineffective. If you want to get more accomplished in your business meetings you need to communicate effectively. You need to communicate the purpose of the meeting and […]
Regardless the size of your business, marketing mistakes are inevitable. If you’re a Fortune 500 company with a hefty marketing budget, you can afford to make some mistakes here and there. However if you’re a startup, it’s quite different. Startups have it tough. Marketing, along with all your other challenges, will be expensive. That said, […]
At some point in your great entrepreneurial journey, you’re going to have to hire new employees. Hiring employees is great. You get to see your team grow, and finally take some of the workload off yourself. The problem is many founders or managers aren’t thorough enough in their hiring process. They end up with employees […]