Business black holes, the cycles between them and how to jump your business into greater growth. The predictable problem of business black holes Some 20 years ago I interviewed around 700 small businesses to discover whether the growth and stall trends I’d previously been analysing in big business still occurred in the small business market. They certainly … Read more
By moving the ownership of the business into an Employee Ownership Trust (EOT), founders can realise financial value over time but preserve the company’s culture, values, and independence for the long run. What are Employee Ownership Trusts? The EOT is a mechanism for transferring the majority of the equity from the owners of the business … Read more
Leading a team comes with a unique set of challenges. Managing people comes with a lot of responsibilities too. You need to develop yourself as well as your team. If you want to be a more effective manager, here are three core leadership skills you should use that can help you. Accountability is leadership Holding … Read more
Once upon a time, marketing agencies were profitable businesses. They were tough to get into and get the first few accounts, but competition was reasonable and the business model provided sufficient profit margins. Today, that is no longer the case. It is very easy to get into the business, but it’s very hard to grow … Read more
Wouldn’t it be great if every client paid exactly what your time was worth? That’d be ideal, but in reality, most clients will arbitrarily ask for a lower freelance rate for the sake of getting a discount. If you asked me last year, “What would you do if a client’s ideal budget was 25% or even … Read more
Do you want to have a better work/life balance? If yes, it’s time to leave your office job and start a freelance translator business. Today, you don’t need to work for a traditional employer to build a successful career. If you have the necessary skills and motivation, you can achieve everything you want in your … Read more
The life of a freelancer can be an exciting one. You are able to choose your own hours, work from anywhere and your earnings aren’t capped. However, the downside is that unlike a 9-to-5 job, you need to constantly promote yourself. You need a system for finding new clients and convincing them to work with … Read more
Freelance rates can be hard to figure out and one of the main things people ask before they go freelance is how to work out their freelance consultant rate. Setting your freelance rates is difficult. Set your day rate too low and you have to work longer and harder to make a decent income. Set your … Read more
Running a business is no walk in the park, as it involves the management of the various aspects of a business in a perfect balance. These aspects include human resources, investment, promotion, time, finance, ideas, and much more. To efficiently run a business, there must be a synergy of business management and customers. As customers … Read more
Small businesses don’t have a big marketing budget, but they have to compete against giants to keep operating. This is only possible if they work smart with their little budget. Digital marketing has, without a doubt, given them a chance, but even that can be difficult when your competitors have a bigger marketing budget than … Read more