Facing Fears as an Entrepreneur

One of my closest friends is "hanging out her shingle" as an independent after spending her entire career working for large corporations. We've always texted fairly regularly but our conversations lately are less about our kids and more about self-employment taxes and setting up accounting software. To leave the relative comfort and paycheck predictability of the employee life is no joke and has me revisiting my own brave step into the world of entrepreneurship. 

Becoming an entrepreneur means facing real fears. Here are some ways to push past the fear and do it anyway.

How to Stay Calm During a Business Crisis

In order to achieve any measure of success, one must be able to survive failure. This adage applies to inventors, scientists, athletes, entrepreneurs and anyone who chooses to venture outside of their comfort zone. Failure is simply a sign that you have tried to better yourself or to create something that hasn't been done before. To survive failure or the chance of failure, it must be put in perspective.

For anyone in business, it's important to learn to stay calm during a crisis. Here's how.

Tips for Negotiating Money with Clients

In business relationships, money is part of the equation. The thing to remember is that both parties are looking for value and trust. Your client may ask for discounts. You may want to be paid up front. Your client may need to settle old debts with you. These conversations don't have to be uncomfortable if you know where to start. 

Here some tips for negotiating money with your clients.

Should My Agency Ask for Payments Upfront?

Reader asks:

"I started my business as a freelancer and have now grown into a full creative agency. My largest clients frequently pay their bills at Net 90 days, even though I ask for Net 30 or 45. Should my agency ask for payments upfront?"

Our answer: It depends. 

Read more to learn why.

Five Signs to Tell If Your Business is Headed for Financial Straits

As a business leader, it can be challenging to keep up with everything that's going on. Your focus may be sales or attracting venture capitalists. You may be the creator of your product or service and spend more of your time manufacturing what you're selling. Whether it's an upcoming recession or lax accounts receivable management, you'll want to know if your business is in trouble.

Here are 5 signs to tell if your business is headed for financial straits.

Is Your Business Recession Ready?

Is the United States headed for a 2019 recession? According to economists, the risk is high though there was strong financial growth in the first half of the year. Even the whisper of a recession can trigger business owners with even the strongest constitution. 

Do you know if your business is recession-proofed or prepared? Do you feel secure that you can continue operating in an economic downturn? Here are some steps you can take now to feel better about the future of your business.

Is your business recession ready?

5 Steps to Have a Successful First Year in Business

So you've decided to take the plunge into entrepreneurship - đŸ™ŒCongratulationsđŸ“£! Perhaps you're breaking away from an established business with a new idea or you're trying the freelance life. If you're feeling a bit unsteady, it's perfectly normal. Now's the time of frenzied activity and some of that involves rearranging your life.  The good news is that you can build a solid foundation right now so that you're off to a great start.

Here are 5 best practices to have a successful first year in business.

B2B Subscription Based Billing: How to Boost Cash Collections

Subscription based billing is when services are billed on a recurrent basis. Examples of subscription services include website hosting, software, consistent access to published content, apps, music or other digital information.  From a B2B standpoint, your business likely sells a service or software to another business and bills them monthly for access. This billing model brings in recurring revenue that your business can depend on. 

Here's how to ensure that your subscribers keep paying their monthly bills.

How to Stay Positive in a Negative Situation

In every business and at every job level, there are negative situations. You may be faced with challenging colleagues or a client who's not holding up their end of a deal. It could be easy to loathe your job or let it get to you. You may then experience mental health challenges or problems with your home life. Or you could empower yourself and learn to face things with a different attitude. Your choice could change the outcome or launch you into something better. 

Here are 4 best practices to stay positive in negative situations.

Spring Cleaning for your Business Finances

As winter melts away, many of us feel inspired to refresh our homes and offices. Spring cleaning doesn't have to stop with the garage. Growing businesses also need to take this time to look at business finances.

Here are tips to cleaning up your business finances.