Starting my business, I was completely lost when it came to pricing my services. I was terrified that I’d price my work too high, a mistake that could cost many tons of customers, or price way too low, a mistake that could cost me tons of money. Either way, pricing my offerings was (initially) a huge headache, surrounded by weeks of agonizing anxiety over whether or not my rates were “too high” or “too low”.
Truth it, selecting the right price tag can mean the difference between losing money or making money – in more ways than one. The wrong price can leave the entrepreneur missing would-be revenue, losing money on each sale, not selling anything, or unable to fulfill orders cost effectively. Any way you approach the pricing dilemma, research your competitor’s prices and undercutting them isn’t exactly a dream-formula for perfect price selection.
Sometimes you just hit the jackpot – a dream client that is a pleasure to work with sends you fabulous referrals, and always pays on time.
Other times, you find yourself tethered to a client from hell – a psychopathic cheapskate that’s a grab bag of ageism, sexism, and racism, threatens to slander your business name and is always late on their bill.
Mean clients have a way of taking something you love – your work, your company, and your entrepreneurial lifestyle – and turning it into a complete nightmare. The dark clouds of doom these bad clients bring along with them leave you second guessing your skills, your career, and even yourself.
Don’t let mean clients ruin your business.
Follows these three tips for dealing with mean clients successfully and enjoy the benefits of business again:
The gig economy and its “freeing” freelancing gets a lot of headlines these days.
Promotional campaigns spotlighting the ultimate career woman raking in thousands of dollars from the comfort of her chic designed home office have many young professionals wondering, “Is the commute worth it?” or “Could freelancing be my escape from Cubicleville”?
With my hard-earned MBA in hand, I hit the freelancing market with gusto, eager to get a jump on all my graduating peers (and my always-accruing-interest student loans).
For months, I’d read everything I could find on this wondrous world of freelancing, been mesmerized by hours of inspiring ad campaigns, and spent many a late night perfecting my freelancer profile. I was certain that I’d done everything “right” to pull an MBA hourly with just my laptop and make-shift office; but things didn’t go as planned.
Guest Contributor: Jamie Roberts
One-third of the workforce is classed as a millennial and they are bringing a whole new mentality with them. Money is no longer the main motivator in a job search. Flexibility has quickly become the front-runner with seven in 10 agreeing that it plays a major part in their job search thanks to an increased desire for a better work-life balance.
Currently one third of the US workforce (55 million) are freelancing, with the number expected to continue its increase, rising to one in two by 2020. It’s clear that the role provides a host of benefits, none more so than flexibility. The once popular 9-to-5 is quickly falling by the wayside, with a flexible rota allowing workers to fit their roles around their personal commitments.
When I started my business, I knew I was gonna make millions.
Yeah, it didn’t quite work out that way…
Chances are, when you started your company, you were planning on cashing in as well.
But what happens when hitting the motherlode Month 2 doesn’t?
What can you do when your business isn’t making money?
Does a zero profit margin mean you have to say “goodbye” and “no more” to your business brain child, or is there a few Hail Mary’s you can claim to give your entity a fighting chance?
All my besties were made at work or school.
Maybe it’s because that’s where I spent all my time; maybe it’s because I’m just lazy on the friend-making arena and never wanted to venture out.
Or maybe I’m one of those people – the kind that prefers all socialization to be task oriented. I seem to recall a name for that from my undergrad psychology classes…
Anyway, I’m quite limited on the friend making means, something that forced an abrupt realization when I left my job and grad school to work for myself – alone, as a “solopreneur”.
While not having to deal with annoying coworkers, overbearing bosses, and other workplace antics beautifully illustrated on almost any episode of The Office, was nice, I did miss my work friends. While these friendships were rarely close, they were convenient and predictable. Continue Reading…
Starting a business for the first time can be scary, stressful, and all other terrifying adjectives.
Even with all the right “things” in place – supportive team, business education, adequate financing, etc. – first time entrepreneurs can be swept away with the hundreds and hundreds of critical decisions that rewired within those first few months.
As with any new venture, entrepreneurship is trial and error – sometimes you make good decisions, other times, those decisions prove to not be so good.
Reflecting over my years of serial entrepreneurship – some which were profitable, others not so much – I’m reminded of some major mistakes I made my first year in business. It’s my hope that by sharing these new entrepreneur “oops!” you can be saved some unnecessary headache as you chart your own entrepreneurial journey. Continue Reading…
Like many aspiring entrepreneurs, one of the self-employment benefits I dreamed about day in and day out was not having a boss.
Not just not having a boss, but not having that boss – you know, the kind that slams you with a weekend’s worth of work Friday at 5:30 PM, the kind that belittles your every comment or suggestion in the board meeting, or the kind that micromanages everything from what you eat for lunch to when you use the facilities.
Maybe you’ve had a boss like that – one that inadvertently inspires you to take the entrepreneurial leap just so you don’t have to work for a total a**hole like them ever again.
But what happens when you sprout your self-employment wings?
You become your very own boss, and you – and you alone – are tasked with managing yourself. Continue Reading…
Freelancing – known by some as the “future of employment”– is quickly making waves as a viable career option for many talented professionals. According a 2014 survey conducted by Freelancers Union and Elance-oDesk, 34 percent of the U.S. workforce – 53 million Americans – currently worked as “freelancers”.
Exchanging long commutes and rigid office hours for the freedom of freelancers, many members of the gig economy report improved work life balance and overall quality of life vs. that experienced in traditional work settings.
Thanks to technology’s implementation within the modern workplace, we can expect continued wide spread adaptation of the freelancer arrangement, turning the home-based contractor into the professional of the future.
If you’re dabbling in the world of freelancing, chances are you’ve encountered a need for some time-saving and productivity-making tools to assist with your work goals. Continue Reading…
Guest Contributor: Philip Piletic
Freelancers have become the fastest-growing segment of the working population. In fact, it’s estimated that by the year 2020, they could represent up to 40% of the workforce.
Currently, over 53 million Americans, or 34% of the U.S. workforce, engages in some kind of freelance work. In Australia, according to a 2015 survey, an estimated 4.1 million workers were freelancing, and that number has continued to increase.
A recent article in The Guardian reported that a full third of all millennials are choosing to participate in some type of freelance work.
While millennials aren’t the only group embracing the newest form of entrepreneurialism, there are a number of reasons millennials are embracing it so enthusiastically. Continue Reading…