Money and Finance

#017 Jason Blumer on When to Hire an Accountant — and How to Pick the Right One for You

September 18, 2014 by

There comes a point when most freelancers wonder if (and when) they should find a good accountant.

It's an important decision. And there's much more to it than finding someone to do your taxes.

But when is the right time to look? Where do you start your search? What should ...

Continue reading...

Why You Need Your Own Advisory Board and How to Create One

May 24, 2013 by

Big companies have a board of directors. So do many small and midsize businesses.

But as solopreneurs and freelancers, we typically make our own strategic decisions.

That may be OK for small, daily tasks and project-related activities. But what about the big stuff?

Things like mid- and long-range business planning. ...

Continue reading...

5 Ways to Boost Your Freelance Income Without Working More Hours

December 14, 2012 by

You’re sunning yourself on some exotic beach, sipping a cold, refreshing drink.

Life is good.

And then ... a sudden jolt of reality: You’re a solopreneur. Which means that you’re not earning an income as you enjoy the sound of crashing waves. It’s an “unpaid vacation,” if you will.

Ouch!

...

Continue reading...

Why Low Self-Worth Drives Lower Wages for Women Freelancers — and What You Can Do About It

October 19, 2012 by

Ed Gandia’s 2012 Freelance Industry Report has some interesting data pertaining to women and money.

For instance, female freelancers earn more per hour than do their male counterparts at almost every rate level from $20 to $59. And, at $60 to $99 per hour, men and women are just about ...

Continue reading...

Freelancers Are a Force to Be Reckoned With!

August 29, 2012 by

According to a May 2012 Aberdeen Group report, in the U.S. alone nearly 26% of the average organization's total workforce is considered contingent or contract based — and their numbers continue to grow rapidly.

In fact, labor law firm Littler Midelson predicts that contingent labor (i.e., freelancers, consultants and independent ...

Continue reading...

A Counter-Intuitive Reason Why You Should Invoice Quickly

August 12, 2011 by

It's obvious that one of the reasons you should invoice quickly is because you're more likely to get paid faster. Getting paid faster is always a good thing.

However, what many freelancers don't understand is that that first invoice lets new clients determine whether they want to continue to work ...

Continue reading...

Incentive-Based Compensation: How to Open the Conversation with Your Clients

July 1, 2011 by

It's time to break free from the "time for money" trap! In this video Tina talks about how to start talking to your clients about incentive, including specific examples of verbiage you can use to open up the conversation ...

Continue reading...

Incentive-Based Compensation: How to Make it Work

June 17, 2011 by

In this video training episode, Tina Forsyth explains several proven models of incentive-based compensation for self-employed service providers. You'll learn what these models look like, how to structure them and if (and how) they could work for your specific business. ...

Continue reading...

How to Create Incentive Based Compensation

May 27, 2011 by

It's time to break free from the "time for money" trap of getting paid hourly for the work that you do - there are only so many hours in a day right?. This video is Part 1 of a series on How to Create Incentive Based Compensation so that you ...

Continue reading...

The Magic of ATM Receipts

April 15, 2011 by

Journalist and author of The Money Book for Freelancers, Part-Timers and the Self-Employed (Random House), Joseph D'Agnese (@The_Money_Book) talks about why freelancers especially want to hang on to these little snapshots of their financial lives.

Continue reading...