The Hidden Costs of Running a Home-Based Business

home business costs
By Kevin Conner

Starting a home-based business can be a great endeavor that changes your life for the better, but setup can be a massive effort that will require proper planning, some investment, and a lot of your time.

Part of that is budgeting and determining your costs, and we know you’re doing your research. That being said, there are some hidden costs that you might not immediately consider. In this article, we want to point out some of the most common hidden costs you should be planning for sooner or later, so a minor issue doesn’t become a business-breaking dilemma.

Home Office Space

You’ve probably already factored this cost in, but what level of dedication have you already put into it? Do you have a clean, clear and well-lit room to work in, or a corner of a living room where you are prone to distractions? We promise that you won’t be able to easily bear with the latter for too long, at least not in a way that allows you to live up to your potential.

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Getting Your Start in the Gig Economy with 7 Simple Tips

Gig Economy

By Lucy Reed

As the cost of living keeps rising, more and more people are turning to gig jobs to generate income. A gig can be temporary, short-term work or a long-term financial solution. Whether you want to earn a little extra money on the side or find more permanent freelance work, there are a few pieces of advice you’ll want to keep in mind to get started and be successful in setting up your own gig-based business venture. 

Build a Budget You Can Live With

If you’re working a gig simply to earn some extra cash, you may not need to worry about a budget. But if freelancing is your sole source of income or you need to pay off bills, you’ll want to set some pretty strict budget rules. Unlike those weekly paychecks, gig income can be inconsistent, and clients may not always pay on time. Exercise caution when spending and be sure to tuck some funds away for slow periods.

To stay within your means, take advantage of the many free online business tools that will help you launch and promote your business. For example, Oberlo offers a business name and slogan generator, logo maker website calculator that can help give your new company a professional look and show you how many people are visiting your website. You can also create a free website via services like Wix and Weebly, or simply create a Facebook business page to get your name out to your social circles and beyond.

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The “Silent” Partner in Your Business Success

partner business success

If you’re a solopreneur like I am, you may long for a partner to help you achieve business success faster. Creating a business partnership has advantages. It can help you bridge the gap in expertise and knowledge that you may be lacking. A partner might provide a cash infusion that the business needs. And a partner can bring new opportunities to the business that you wouldn’t necessarily find on your own.

There are risks to having a partnership. Now you’ve got someone else invested in the business who may not always see things your way. There’s a greater chance of conflict and instability in a partnership. That’s why many solopreneurs opt to build a team of people instead.

You can hire virtual assistants to manage things like social media, copywriting, accounting, etc. It’s easier to grow when you have people doing the things you don’t like to do, or the things that are too time-consuming when you should be engaging in revenue generating activities.

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Follow Your Passion and Trust the Outcome

follow your passion

I’ve frequently heard coaches and other experts say, “Follow your passion and the money will come.”

It seems too good to be true, doesn’t it?

I know many small business owners who have a passion for what they do, but they’re still struggling when it comes to money.

I think the disconnect comes about because even though we may be following our passion, there are frequently limiting beliefs that get in the way, and hold us back from the prosperity and abundance we desire.

I’m going through this process right now.

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Why it’s Good to Step Out of Your Comfort Zone

your comfort zone

When is the last time you stepped out of your comfort zone?

It’s good to stretch yourself from time to time. That’s how you grow.

It’s how I’m growing.

I started this blog in 2009, the year I launched my SEO copywriting business. I’m proud to say that until December 2016, I posted some type of content related to online marketing at least once a month. Sometimes it was an original article, sometimes it was a video or an infographic.

What happened in December?

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What’s Love Got to Do with… My Business?

I’ve been in business for nearly 10 years, working primarily with small business owners, helping them create website content that gets found on Google, and motivates their visitors to take action.

love and business

Nothing has pleased me more over the years than to hear from one of my clients that their phone is ringing because of the changes I made to their website copy.

But over the past few months, something has been tugging at my heart. It’s leading me to shift my focus to something more spiritual in nature. I’ve been wrestling with how to reconcile the two sides – spirituality and business.

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Boosting Ecommerce with Social Commerce

ecommerce social commerceBy Karthik Reddy

Have you ever heard about Fcommerce? You probably have: Facebook Commerce was supposed to be the future of ecommerce. It was supposed to be that way, but now we know that things are not that simple. One cannot multiply own revenue simply by adding a ‘Shop’ tab on its Facebook Page; that is, it is not possible to rely only on Facebook for this matter. This is one of the reasons why Fcommerce is just a tiny part of what social media can bring to emerchants.

First things first, let me remind you of the definition of social commerce. Wikipedia states: ‘Social commerce is a subset of electronic commerce that involves using social media and online media to support social interaction and user contributions, to assist in the online buying and selling of products and services.’

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Why Attend the International Women’s Business Systems Virtual Summit

Printer International Women's Business Systems Virtual Summit

As a business owner, you need systems in place that work as hard as you do. Systems are the key ingredient that allow you to scale your business and achieve new levels of growth.

If you’re ready to systematize & scale your business, you need to attend the 2018 Premier International Women’s Business Systems Virtual Summit taking place April 16-20, 2018.

This online event features over 40 speakers (including yours truly!) offering strategies in 5 different areas to help you save time and increase revenue.

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