As a solo-preneur, consultant or other professional, you depend on your clients to pay you on time. A late-paying client may mean that you don’t have the money to pay your contractors and vendors or make the mortgage payment. Here are some tips to make sure you get paid on time. [Read more…]
Knowing When to Outsource
As a solo-preneur or small business owner it’s easy to get into the habit of doing everything yourself. You may believe that you can not afford help or that you are the only one who can do what needs to be done. Wrong on both counts!
The truth is that you can’t afford not to get help, and there are lots of people who can do some things better than you. It can be hard to let go and turn some tasks over to others, but it is necessary for your business to thrive. Here are some signs that there are things you should be outsourcing now.
Profit by Diversifying
Often, people who want to start a business will ask my advice. For instance, if they are thinking about starting an online business, they will ask if they should have a blog. Sell advertising on their site? Create an ebook? Sell physical products? Offer services? Promote affiliate programs? My answer: Yes. Do all of those things, or as many as you can manage.
While they are often looking for one thing they should do, I believe that you should have many ways of generating income. The same is true for offline business. If all of your revenues come from one source, what happens if that revenue stream dries up? That can happen if you do not diversify your business.
Diversification can come in many forms. For example, you might do business both online and offline. Many small retailers have found that having an online business allowed them to keep their businesses afloat, and even expand, when their brick and mortar stores went through tough times. And for some, having the online business meant they still had income, even if the store did not survive.
Some online businesses have gone the opposite direction, from being Internet-only to opening physical locations to serve customers locally.
Some other ways of diversifying include: [Read more…]
Use Your IPhone in Your Business
The iPhone has a lot of uses beyond texting and playing Words with Friends. I think you can even make phone calls with it. ;o) Beyond that, though, the iPhone can be very useful in your business. If you have an iPhone, the ideas and apps described in this article may help you to use it to work more effectively, make better use of down time (such as waiting time) and make your business more successful.
And if you don’t have an iPhone yet, maybe this article will give you the
rationalization excuses solid reasons you need to buy one! [Read more…]
Finding Your Motivation in the Summer
In summer our thoughts turn to fun in the sun, afternoons by the pool and vacation. Unfortunately, most of us can’t take the entire summer off. That means we have to work while the kids are home on summer vacation, and while beautiful sunny weather is beckoning us outdoors, and it is not easy.
Here are some tips to get your work done so you will be able to take a break and enjoy some summertime fun. [Read more…]
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