Every so often I sit back and think about how far I’ve come as a freelance writer and online business owner. Recently, one of my very first ever clients increased my rate again. Now I’m making way more per assignment than I did when I first started a few years ago. I’m not saying this […]
Every small business owner wants repeat business. Even if you’re all about the hustle, it requires a ton of active work to constantly pitch your products and services to others. Having some repeat business can provide you with a sense of security and stability while you dedicate some time and effort to grow your business […]
More and more I’m hearing from friends and other acquaintances on social media that they regret having invested in coaching, books, courses, and other programs. They don’t believe the investment ended up being worth the money. This saddens me as a personal finance writer and money coach because consumer dissatisfaction with coaching and online products […]
Recently, I’ve been stuck in a negativity spiral. Unfortunately, this type of negativity can impact your life and your business. If you want to succeed, developing a positive business mindset is important. But how do you do that when you start to feel things slipping outside your control? How do you develop positivity when you […]
Obviously when you own and run a business you want to make the most money possible. To do that you must diligently strive to keep costs down and revenues up. Streamlining your business to increase efficiency can help keep those costs down. But there are lots of ways to increase productivity. Some commonly utilized options […]
The idea of freelancing is sexy, but there are many non-sexy things you need to cross off of your to-do list to run a legitimate freelance business. All too often aspiring freelancers forget to do some of these tasks. Neglecting the business element of the process and going right into onboarding clients can get you […]
Are you considering running a business with your partner? You will not be the first couple to attempt to run a successful business together. One one end, running a business with your partner could work well and on the other, it could be a bad idea. Here are a few things you might want to […]
Working as a virtual assistant or freelancer entails more than simply doing a job and getting paid for it. If you work consistently for some clients you may develop long term relationships with them. But sometimes they may ask you to do things that aren’t in their best interests or could be done better. Even […]
HSA accounts, short for health savings accounts, are a type of tax-advantaged savings account used to save money on medical costs. If you have a qualifying high-deductible health plan (HDHP), you can sign up for an HSA account and contribute to save big on your taxes. If you don’t know what HSA accounts are or how […]
I recently announced to my email list that I’m quitting my podcast for now. Actually, I turned it into a teachable lesson where I explained how it’s okay to quit a project. I even encouraged my list to share some of the things they were quitting with me. To my surprise, many of them responded […]
Starting your own business has never been easier given the availability of investors and the interest of so many in the startup space to help create the next "big thing" or to be behind a disruptive product or service that really shakes up the marketplace. However, when it comes to the actual work involved in tackling all aspects of a business, including its functions like sales and marketing, accounting and finance, human resources, information technology and more, it becomes considerably more challenging for a small business owner or founder.
With statistics that show up to 90% of new businesses failing soon after launch, it's critical to know how each of the functions pertaining to running a business, can work the most efficiently, including how to budget appropriately to sustain your business through all types of economic cycles. However, so many business owners admit that they do not have much knowledge and very little experience about most aspects of running a business and they tend to "wing it" and figure it out as they go. The problem is that this approach to running a business is the very reason why so many fail.
A better strategy is to invest time, energy and effort in a continual learning process that helps build knowledge and skills across all aspects of your business. Even if you do not handle all these functions yourself but have team members or outsourced talent for some of the more technical roles, it is still good to familiarize yourself with the issues. Knowing and understanding trends, technology and opportunities that impact all functions of your business will help you to better shape your business decisions. Additionally, this strategy of ongoing learning can help you identify those areas in your business that could benefit from additional technology or tools that add efficiency and help you maximize the time spent on many non-revenue tasks.
We have dedicated a category of our Due.com blog posts to providing business tips to help you enhance your working knowledge and skills across all aspects of your business and help you make more informed decisions that will speed growth, revenues, brand reputation and profitability. These business tips include such topics as:
- Marketing strategies, including social media platforms, creativity and messaging, content marketing strategies, branding and how to promote your company online.
- Financial planning, such as emergency funds, retirement accounts, budgets, invoicing, how to handle clients that haven't paid, why you should accept credit cards and how to finance business expansion.
- HR issues like whether to hire employees or freelancers, training, motivation to retain talent, how to find a business partner, where to find outsource talent and tax issues related to employees and freelancers.
- Productivity tips like how to manage your time, tools that maximize what you can get done, and how to effectively manage a project.
- Mindset strategies, including whether you are a freelancer or an entrepreneur, how quickly to expand your business, and how to build a business around your lifestyle.
These are just some of the dozens of articles now available in this subject category that are designed to help you get the most out of your business for the investment of time and money that you have put into it. Not only will you learn more about how an efficient, successful business works, but you will also be able to create a more effective strategy to ensure your business doesn't become just another unwanted statistic. We want to help you succeed.