I know it can be a boring topic but the basics of profitability really do require you have good business cards and email – and so damn many consultants screw the pooch here. Here’s some basic tips that many miss, which can really hurt profits in the … [Read more...]
Don’t Plan to Fail
Too many new consultants fail to establish a sound business plan right up front. They know it’s not smart but they do it anyway. My gut is that it’s because it’s just too damn annoying and time-consuming to work out such minute details and track … [Read more...]
I don’t need no stinking insurance!
The topic of business insurance is an important one, and something I recommend you consider carefully. I also strongly recommend you speak with an insurance broker who can give you much better advice. Many new consultants mistakenly skip what they … [Read more...]
What business structure should you choose?
There are really only four types of business structure most consultants choose from. Each has its own unique set of strengths and weaknesses: • Sole Proprietor (taxed as 1040, Schedule C): are unincorporated businesses. They are also called … [Read more...]
If Your Name Sucks, So Will Your Profits
What you name your business is very important. Not to argue with Shakespeare, but the name you choose, unlike that of a rose, will indeed determine if it smells sweet or not. Naming any business can be a difficult task, but it doesn’t have to be … [Read more...]