4 Challenges Freelancers & Entrepreneurs Face Today

Posted in Blog, Business, Entrepreneurs, Freelancers | Comments Closed

With the growth of self-employment continuing to arise, over seven out of ten business owners are looking to grow their business instead of the traditional employment. While this has been shown to provide great success, these individuals don’t always have it easy. In fact, 85% of freelancers and entrepreneurs are reported to face challenges in their business.

Here are 4 challenges freelancers & entrepreneurs face today.

Selling Their Business Short

Most independent businesses often have the mentality of working hard today and sell big tomorrow. However, over 50% of business owners say that they are too busy to sell and would focus on other tasks within your business. It is important for business owners to spend at least one day out of the week to prepare new activities like attending industry events, soliciting referrals and even a new email newsletter.

Taking the DIY Approach

While doing it yourself can be inspirational, it is not always a suitable action for your business. Most professionals often find themselves entering new phrases with little experience and an attempt to learn as they go. On the other hand, such approach may lead to a mid-satisfaction without the potential of great. With the low quality of efficiency and expertise, this can ruin your business. Instead, opt to hire an expert for areas you need vital help with.

Being Self-Taught in Management

As a freelancer or business owner, you are not expected to know every single detail and aspect when it comes to a business. However, many owners tend to follow their own method of financial management. It is important to adapt to special habits such as budget maintenance, tax savings, finance reviews, debt reduction, salary, write-offs, and more.

No Means of Security

Small businesses are often less prepared for any sudden financial crises that may arise. With over 48% of owners claiming to be unprepared, almost 40% will suffer and not be able to continue their business. Without a safety net, businesses will limit your potential for growth and forego any opportunities that will require a long-term commitment and investment.

What are your thoughts on these common challenges? Do you find yourself in the same position? Comment below and tell us what you think!

4 Things Leaders Must Give Their Employees (But Rarely Do)

Posted in Blog, Business, Employees, Leadership | Comments Closed

With the impact of work culture, more business leaders are looking for ways to connect with their company’s values, beliefs, and work behavior within their environment. However, this isn’t true for all companies.

Learning how to understand your employees will create more long-term benefits as well as build motivation for success within the workplace. In this guide, you will learn 4 things leaders must give their employees but rarely do.

Leaders Give Their Employees Time to Speak


While leaders are often the ones to talk the most, employees must also gain respect and let their thoughts be heard. The concept of listening to employee feedback will help improve the environment in the workplace and retain valued employees in the long run.

Leaders Give Their Employees Empathy


Employees are human beings and human beings are drawn to empathy. This quality in the workplace will help encourage successful connections and improve the overall performance of the business. When a leader displays empathy, they will also foster strong relationships and promote productivity. When the company considers their employee’s circumstances and understands their frustrations, the company will benefit in the long run.

Leaders Give Their Employees Praise and Recognition


As a weekly or even daily ritual, why not carry out acknowledgments of achievements to let your team know you appreciate them. This requires the development of personal connections with your employees as you will need to discover who they are outside the workplace.

Leaders Give Their Employees Balance Work and Life


Leaders who care about their employees will allow them to balance their life and work priorities. This means allowing them to take a ten-minute break to calm down and recharge. Allowing meditative activities will better improve the workplace.

As a leader, do you follow these important things in the workplace? What other things do you think leaders should do? Comment below and share your thoughts with us!…

4 Things Businesses Can Learn From Startup Companies

Posted in Blog, Business, Startup | Comments Closed

When it comes to achieving a success business, it is the large companies that are the experts in the industry. With a variety of resources and a large network, businesses have the ability to protect their brand from possible failures. However, there is a lot to learn from their smaller startup brands.

Here are 4 things businesses can learn from startup companies.

Speed Things Up

One important feature that most startups have is their speed. They have a faster timeless, recruiting process, and can collect feedback much faster than a large company. When you compare startups to major corporations, you will notice a strong structure for decisions in how they manage their business.

If big businesses want to run at a startup pace, they can create smaller teams to handle certain issues and speed up their queries.

Let Your Employees Give Feedback

Another part of startup success is their work culture. This allows them to open up and discuss communication. Since they aren’t too big, they have the ability to discuss and share their strengths and weaknesses. Give your team a fertile environment where they can share ideas and thrive.

Don’t Get Too Comfortable

Most big companies tend to get comfortable in their standings and open lose their creativity in what made them successful, to begin with. Allow your brand to take calculated risks and resist complacency. When you compare startup brands to corporations, large businesses are more able to pay the price for a misstep. While it is healthy to have certain restrictions, make sure to keep your company ahead of your competitors.

Stick With Your Foundation

Stories with s strong foundation will tell the audience about the vital aspects of the business. This includes the inner story of who the founder is, why they started, and their mission of their business. Not only will this allow you to connect with your audience, but also your employees, investors, and potential consumers.

Conclusion

Even businesses that have already grown into established brands will need to continue improving their company and its values. Keep true to the morals of your brand and make it relevant to your consumers.

Infographic by: fundersandfounders.com

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