Monthly Archives: July 2024

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Freelancers and the Vacation Dilemma

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HoneyBook, an online business and financial management platform that serves entrepreneurs and Freelancers, conducted a survey of self-employed Americans and the results were depressing, yet not entirely surprising. The survey polled 800 + independent U.S. workers in May and June 2019 and found that while the Freelance economy provides flexibility, a factor routinely prized by the self-employed, 92% of Freelancers work on vacation and 60% of that cohort do so because they feel they must.

According to Freelance Forward 2023, an annual survey of Freelancers and other independent workers conducted since 2013 by Upwork, the online talent marketplace that connects Freelance talent with companies in need of their expertise, there are now approximately 64 million U.S. workers participating in the Freelance economy and they’re well aware that taking time off results in lost income, as reported in the five-year-old Honeybook survey. 1099NEC workers do not qualify for paid time off, whether for illness, holidays, inclement weather, or vacations. The 92% who feel compelled to work while officially off- line stand as irrefutable evidence that either fear of disappointing clients or fear of economic difficulty caused by lost revenue drives the practice of working during vacation. While 85% of Freelance Forward 2023 participants reported that the future of Freelancing is bright, caution reigns.

Furthermore, the Honeybook survey also found that 43% of Freelancers who vacation do not divulge their plans with clients; moreover, 41% of Freelancers hide from their intimate partner or vacation companions the client work they feel obligated to do while vacationing. Also, the data revealed a gender gap: 65% of female Freelance consultants reported they have felt the need to hide work they do while vacationing from their significant other and/or family, compared to only 41% of men — highlighting the fact that women feel more pressure than men to deprioritize their careers so that they can be fully available for their families.

Former Upwork CEO Stephane Kasriel, who is now head of Commerce and Financial Technologies at Meta, recognized that hesitancy to take time off for vacations is widespread and not limited to Freelance consultants and other independent workers. He pointed out that many American workers, whether full-time W2 employees or full-time or part-time Freelancers, often do not take the vacation time that they deserve (and W2 employees will be paid to take). Mental health professionals and leadership development coaches have long publicized the need for workers to physically and psychologically refresh themselves by stepping away from work to relax and/or take part in enjoyable activities with family or friends.

“Truly logging off is a common challenge for most professionals today, ” Kasriel said. “The Honeybook study surveyed self-employed respondents; other research, including data produced by Glassdoor, shows that the average employee who receives paid time off will have only used about 54% of available PTO in the past 12 months and of those who do take PTO, the majority don’t log off completely,” he went on to say. To remedy the dilemma, Kasriel suggested a few easy to implement vacation planning strategies that Freelance professionals can adopt to help themselves occasionally step away from work to relax and enjoy themselves for a few days.

7 steps to enjoying a relaxing and stress-free vacation

1. Know that it’s good to take vacations. Time off provides many health and productivity benefits, including improved energy, creativity, focus and decision-making ability, along with limiting the possibility of burnout. Putting aside work responsibilities every so often helps you become a more effective worker.

2. Create a vacation fund. Treat vacation time as an investment in you and plan for it in your business budget by earmarking what you consider a manageable amount to set aside each month to fund your annual vacation. Consider saving $100 a month for 12 months to finance a modest one week vacation. Do that and when the time comes to put down client work for a week, you’ll enjoy your vacation without worrying about taking on debt to pay for it.

3. Schedule vacations strategically. If there is a seasonal rhythm that influences your business cycle, or if you know of an important project that’s on the horizon, schedule your vacation in a way that enhances your ability to meet all milestones and the target completion date and enable yourself to completely avoid work responsibilities while you are officially out-of-office. Remember also that your vacation does not have to happen in July or August—every season has a unique appeal!

4. Roll in anticipated time off when calculating your project rate. Since Freelancers have no paid time off, consider this strategy—throughout the year, discreetly insert into project proposals additional hours that gradually allow you to accrue paid time off, via your project fees. An annual total of two to three weeks (10 – 15 business days per year) can function as your paid time off, buried in billable hours.

5. Give clients an early heads-up and firmly set expectations and boundaries. If it makes sense to let clients know that you’ll be off-line for a week or two, communicate that info immediately after confirming your vacation dates. In all communications — phone, email, text, in-person or video meetings — share upfront that you won’t be available or checking email while vacationing and remind clients again one week before your departure. Schedule meeting time to discuss the status of your projects so that everyone is on the same page and you won’t need to discuss work while vacationing.

6. Create an out-of-office auto-reply and turn off alerts. While you’re away, use technology to confirm that you are unavailable during specified dates. Remember also to turn off message notifications so that you can enjoy your vacation without constant interruptions.

7. Hire a virtual assistant. Virtual assistants aren’t as costly as you think. The going rate is about $8 an hour and many services do not entail lengthy contracts, hourly minimum amounts, or set-up fees. Delegating administrative tasks to someone else will allow you to focus instead on having a good time with your friends or family.

Thanks for reading,

Kim

Image: Dreamstime

Marketing , , , , , Leave a comment

Thoughts on B2B Pricing

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The prices assigned to a company’s products and services are an important element of the company’s marketing strategy. Pricing strategy plays a key role in determining a company’s revenue and overall financial picture and cannot be treated as an afterthought. Those of you operating in the B2B sector especially will note the codependent relationship between product and service pricing and the ability to attract and retain customers. B2B purchases are complex, involving multiple stakeholders, an extended sales cycle and high-value contracts. According to Marketing Chart, 63% of B2B buying committees consist of at least three decision-makers.

Identifying the optimal price range is critical business intel. If prices are too low, it becomes difficult to attain the sales revenue goal; there will be extra work and worry caused by the need to fill the sales pipeline with evermore prospects and hope to convert enough of them into paying customers. Price at a level that prospects find excessive may alienate them and possibly drive them instead to do business with a lower priced competitor. So your mission here is to find a sweet spot price range that prospects will tolerate and become your loyal paying customers.

Evaluate your industry and competition

As you contemplate pricing you will benefit by first identifying benchmarks by investigating pricing norms, in particular, standard mark-ups and the typical profit margin range in your industry. Next, check out the prices of a few competitors. Evaluating these numbers will also reveal whether or not your product and/or service production or acquisition costs are reasonable relative to the typical selling price range found in your industry and used by competitors.

Be advised that while knowledge of competitive pricing will help you determine an acceptable price range for your products and services, it would be ill-advised to merely apply a competitors’ prices for similar items to your line. Let factors that are unique to your situation guide your finalized pricing strategy.

Determine your pricing potential

It’s critical to identify a price range for your products and/or services that aligns with your brand and market position and is also accepted by your target customers. Knowing where on the value spectrum customers classify your products and services is essential information for every business and that knowledge is particularly important for pricing. You’ll confirm pricing potential when you understand customer perceptions of your company value and brand position. You may decide against pricing at either the upper or lower extremes of customer price tolerance but by considering key factors, including acquisition or production costs, competitive pricing intel and knowing the price tolerance of target customers, you can determine which end of the pricing spectrum will be most advantageous for your line.

Remember also that Freelancers and business owners in nearly every industry continue to grapple with the unfortunate effects of depressed wages, which for many have not kept pace with inflated prices that were declared “over” in 2022 but that we can’t seem to outrun. Customers remain cautious with their spending and most companies realize that pricing competitively to attract and retain customers is a must. Here are some common B2B pricing strategies that may help you find your sweet spot.

Cost-plus pricing

This strategy employs an uncomplicated mark-up formula. The business owner calculates the acquisition or production costs of the product or service, adds a certain sum for overhead expenses such as rent, payroll and utilities and arrives, tacks on the desired profit margin and arrives at a price that will cover all costs and deliver the margin. Also called mark-up pricing, this strategy focuses on internal factors like production or acquisition costs rather than external factors like brand reputation and competitive prices. 

Premium pricing

A premium pricing strategy aims for the maximum amount a customer is willing to pay for a product or service, rather than focusing on production/acquisition costs, competitive pricing, or other factors. Selling your product or service at a premium can mean deliberately pricing higher than competitors, as a way of demonstrating to your target market that your product or service is of a higher quality and more desirable than what’s sold by competitors and is therefore worth the additional cost. If marketing and branding activities convey high-end status and particularly when customers and influencers provide good word of mouth, a premium pricing strategy will be a brand-building asset and fulfill customer expectations.

Loss leader pricing

AKA penetration pricing, this strategy is enacted when a business assigns an irresistibly low price to a high-volume product or service with the intent of enticing customers to abandon competitors who sell a similar product or service at a noticeably higher price. The hope is that customers drawn to the loss leader will be motivated by the availability of other desirable items, and already happy with their bargain-priced item, will purchase those products or services that bring in a higher profit margin and make up for the low, or nonexistent, profit margin of the loss leader. Some B2B companies use a “freemium” version of loss leader pricing and allow new users to access a limited version of a product or service at no cost in the hope they’ll convert to paying customers. The strategy can also be effective for lead generation.

Trader Joe’s customers will be familiar with the chain’s quite successful use of loss leader pricing. For 20+ years, bananas at Trader Joe’s were priced at 19 cents each (increased in March 2024 to 23 cents each, as a result of rising transportation and farming expenses). The price of an organic banana was returned to 29 cents each, after being priced at 25 cents each for a few years. Trader Joe’s Markets is a privately held company and does not publicly report income, but it is believed that annual earnings are about 13 billion annually—so loss leader pricing appears to work for them.

Competitive pricing

Monitoring competitive pricing is time-honored business strategy. When the pricing strategy is influenced by a close competitor, prices are set relative to rivals and follow the going market rate for similar products and services. Prices may be set slightly lower or higher depending on factors such as product quality, target market and the marketing strategy. Proprietors of relatively new B2B companies often benefit from using this strategy because existing brands have already determined what customers will pay for similar products and services.

Tiered pricing

Most businesses serve a wide range of customers who have different business needs and operate under different financial conditions. Tiered pricing addresses the diversity of customers by offering price points for products and services that reflect the addition of features included at each level. Lowest cost versions include only basic features and highest price versions offer the most, and most desirable, features. Tiered pricing can increase revenue by enabling the business to sell to a wider range of customers.

Tiered pricing can also support the pricing strategy known as price anchoring. By offering three or more pricing tiers, the business can position its premium option as a psychological reference point as the best value for the money and use this story to encourage customers to accept up-sells.

Subscription pricing

With a product or service that requires repeated sales, e.g., access to software as a service (SaaS) or attending a monthly networking meeting, Freelancers and other business owners will turn to the subscription pricing model. Subscription pricing is usually a win-win for both customer and business owner because monthly costs are locked in with (typically) an annual contract. Both parties know the amount of money that will be paid or received each month or quarter. Subscription pricing delivers the advantage of expense (the customer) and revenue (the business) predictability that will encompass a predetermined length of time that also supports business planning for both the customer and the Freelancer or business owner.

Thanks for reading,

Kim

Image: ©TK Kurikawa for Shutterstock 1457812421

Sales , , , , Leave a comment

Six Strategies to Spark Sales

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As every Freelancer and business owner eventually learns, an occasional sales revenue slump is not unusual. The precipitating factor can be anything from the potential for federal legislation that if passed would impact your industry, fluctuations in your local economy, or maybe even a social media meme that’s sweeping the country. Beyond the expected seasonal variations, sales revenue can wax and wane for mysterious reasons, making it a necessity to have financial reserves available to allow your company to continue operating as usual.

What this observation reveals is this—being successful in business means being resourceful. The best way to survive revenue peaks and troughs is to devise a remedy that revs up revenue and creates robust cash-flow that positions your company to thrive. Taking action to stimulate sales is always good business. For inspiration, please see here insights from a survey of the 14,000 member companies of the National Association of Manufacturers conducted by the Chicago, IL based global risk management, tax and consulting firm RSM McGladrey. Identified in the survey are strategies that you’ll recognize as low-hanging fruit selling opportunities that have excellent potential to generate revenue now and into the 4th quarter.

1. Increase market penetration

More than 60% of survey respondents considered it smart to focus on what their business does well—selling to current markets. Expanding penetration into your market segments is considered a wise revenue-generating strategy, since competitive advantages and all necessary systems are in place—relationships are favorable and communication protocols are familiar; you know how to facilitate the sale and know how the client wants products or services to be delivered; client pain points and priorities have been documented; and, most of all, you’ve earned client trust.

Pave your path to success by becoming more diligent and systematic about marketing outreach strategies, tactics and follow-up. Email marketing, social media posts, newsletter and blog articles and telephone calls are among the activities that effectively transmit personalized messages known to stimulate sales and expand market penetration.

2. New extension to your line

Consider extending your product or service line to include an inventive complementary addition that will enhance the desirability of the solutions clients buy from you now. This strategy is linked to your ability to leverage customer knowledge and relationships in a way that reveals seldom expressed frustrations or aspirations when using your category of products or services. When you make time to talk with clients and understand what matters most to them, you will eventually learn how your organization can more effectively provide solutions that solve problems, achieve goals, eliminate glitches and deliver an exemplary client experience as you do. Do this and your company will become more indispensable to their operations and more orders will flow to you.


3. New add-on or upgrade

More than 40% of respondents believed that providing add-on or upgrade options to the products and/ or services sold would likely be embraced by enough clients to become an efficient and effective growth strategy. Certain of your clients may feel that a more comprehensive version of your basic product or service brings an advantage that they consider to be worthwhile and they’d be willing to pay more to have it. Inviting clients to “trade up” can sometimes rather easily produce a revenue stream for your business. Best of all, you may be able to create the enhanced version of your product or service for a modest cost and sell to clients at a premium.

4. New distribution channels

Identifying new sales channels could make doing business with your outfit more appealing to certain client segments and result in an increase in sales revenue. Additional sales distribution channels will expand the availability and visibility of your products and/or services and encourage more sales. The additional revenue can soften the effects of whatever erratic purchasing patterns that might occur throughout the year and help stabilize cash-flow.

If you haven’t done so already, enable clients to purchase some or all of your products or services directly from your website and social media accounts. Depending on your product line, explore the possibility of placing selected items on consignment in retail outlets that fit your brand. You might also evaluate the feasibility of opening a pop-up store.

5. New service

Whether your company sells B2B or B2C, you may be able to develop a new service that both aligns with your current products and/or services and solves a problem by providing a solution that your market segment finds desirable. When a product or service line comprehensively addresses what clients have in mind, sales growth will result. Presenting more reasons for clients to do business with your company builds brand loyalty and value along with sales revenue and that can include repeat business and referrals, too. What practical and appealing new service do your clients hope you can offer?

6. Price to tempt

What creative pricing offer might intrigue your clients and persuade them to do business now instead of later? While it is preferable to sell on value and quality, limited time loss leader pricing tactics do little harm to gross sales and have been known to stimulate purchases of higher profit margin items in your product and service lines—exactly the outcome you’re looking for!

Thanks for reading,

Kim

Image: © DAX MELMER/The Windsor Star.  Business is brisk at Bouchard Gardens on opening day of the Downtown Farmer’s Market in Windsor, Ontario (Canada) on Saturday, May 30, 2015.

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Bidding Tactics: Let Prospective Clients See Your Best

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An invitation to submit a proposal for an upcoming project is always a big deal. You’re excited and want so much for your bid to be accepted but even if you don’t make it this time, the opportunity to be a serious contender for a contract is always a vote of confidence. The bidding process itself is your opportunity to shine. At every facet of your proposal package, you have a chance to make a favorable impression. Step by step, you can give your prospect reasons to say yes to you!

You win the prize by telling the story of your company in a way that communicates your expertise and dependability. Your strategy is to first anticipate the questions that project decision-makers can be expected to have about a candidate and second, provide information that is likely to make the decision-makers feel confident that your organization is right for the role. In sum, you want to package and present your company in a way that radiates credibility.

First, you must decide whether or not you will submit a proposal for the assignment. It is important that you understand the company and the project before immersing yourself in developing a proposal. A reading of the project specifications will confirm if the assignment is a fit for your organization. A tour of the company website will familiarize you with the company’s products, services, mission and values and indicate whether you’ll be comfortable working closely with this company.

It’s also advisable to ask your contact at the organization to share with you the primary goals of the project, so you’ll gain a perspective of what the project means to company leaders. Finally, ask your company contact to share with you the metrics that will be used to measure project success. These insights will help you to decide whether or not to submit your proposal.

If you decide that this is a go, you want to give the decision-makers for the project every reason to select your proposal. Below are documents and other information to include in your proposal package that answer nearly every question about your entity, products and/or services and as it communicates your Experience, Expertise, Authoritativeness and Trustworthiness and advances a narrative designed to please the project decision-makers (and also the Google algorithm).

Capability Statement

Capability Statements are used to evaluate and weed out contract applicants, so submitting one that’s eye-catching and presents your company’s strengths can be the difference between winning and losing an assignment. Furthermore, a Capability Statement can help you to identify and describe your core competencies and unique value proposition.

Succinctly introduce yourself and your company’s products and/or services and tell the project decision-makers your story—exactly what your organization can do for them and why your organization is the best option. Your story must clearly demonstrate that you (and your team, if applicable) are capable and prepared to produce the deliverables on time and within budget, happy to provide excellent customer service and a pleasantly memorable customer experience.  Below are attachments that can accompany your Capability Statement and enhance its impact.

  • Bio
    A personal introduction to you, your (usually one page) bio will provide a concise overview of your most relevant educational and professional qualifications and accomplishments.
  • Client List
    If you have prestigious, high-profile clients in particular, list them (unless there is an expectation of client confidentiality). If you have very few clients, add jobs and your employers, projects and volunteer work, focusing on assignments and posts that relate to the project you would be hired for.
  • Portfolio
    Include relevant and persuasive samples of your work, to demonstrate that you are qualified and can be expected to excel in the role. 
  • Testimonials
    Ask those with whom you’ve worked closely, whether clients or those who have supervised you. Three to five recommendations is ideal.
  • Workflow
    This section shows clients you have a process, a system for writing and working on projects. It tells clients you’re a professional and gives them clear expectations. Most important, as they read it, they begin imagining what it will be like to work with you.
  • Schedule of Estimated Investment
    AKA, your pricing. Prospective clients will be interested in the scope of products and/or services that your company offers and the range of your fee schedule.

Once you’re hired (and you will be hired because you are the best candidate!) you can take a few steps to streamline and enhance your on-the-job performance:

  • Task Prioritization Begin by identifying your most critical tasks and deadlines. To-do list tools, project management apps (e.g., Asana or Trello), or time management techniques like the Eisenhower Matrix can help you prioritize effectively.
  • Project Calendar develop a project calendar to visualize deadlines and milestones for your your project. This helps you allocate time appropriately. For example: A Freelance digital marketer can create a calendar to manage social media campaigns for the client, ensuring posts are scheduled strategically and are uploaded according to plan.
  • Time Management Time management is the engine of successful Freelancing. Learn to allocate your time wisely and pace yourself to ensure that you maintain the energy, concentration and creativity that are the foundation of your professional expertise.
  • Time-Tracking Tools Utilize time-tracking apps (e.g., Clockify or My Hours) to monitor how you spend your work hours. This also helps identify areas where you might be losing productivity.
  • Communication Maintain timely and clear communication with your clients. Keep the project point person informed about your workload, progress, achievement of milestones and any potential delays or obstacles.

Regularly Update Your Portfolio Periodically refresh the content of your online profile with updates that display the most current examples of your best work and simultaneously demonstrate the demand for your products and/or services. Writers will provide links to recently published articles and those who’ve worked on a big project or worked with a prestige client will document the experience to verify your professional expertise and the power of your brand.

When to Say No Avoid taking on too many projects simultaneously and overextending yourself. Politely decline offers that you can’t accommodate without compromising the quality of your work. Effective management of your Freelance assignments is essential for sustaining success and maintaining a healthy work-life balance. By prioritizing tasks, managing time efficiently, staying consistent and handling multiple projects strategically, you can thrive in the Freelance sector.

Thanks for reading,

Kim

Image: © Shutterstock Asianmaninterview.jpg

Professional Development , , , Leave a comment

10 Titles: Business Reads Summer 2024

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Summer is the perfect time to dive into books you may have learned about earlier in the year, but were too busy to read. During the typically less hectic days of summer, you might also be inclined to browse a bestseller list or two, in search of authors and topics that are new to you and seem like a good fit in the here and now. Reading is always an adventure!

I am happy to continue my summer reading list tradition, started in these posts in 2011 as a way to encourage professional development (yours and mine). I hope you’ll find one or more books here that not only enlighten, inform and inspire you as you live your entrepreneurial journey but also, I hope you discover books you’ll enjoy.

1. Build a Better Business Book: How to Plan, Write and Promote a Book that Matters (Josh Bernoff, June 2023)

Acquiring a reputation as a thought leader confers great status In the business world, delivering to the holders of that position a highly respected brand reputation and considerable influence and renown. In addition to building a lucrative business, perhaps one that services A-list clients, entrepreneurs have also discovered that a business book is a powerful brand-enhancing tool that can elevate you to the position of thought leader.

A well-written business book will establish your authority in your field, can grow your customer list and bolster business revenue, is likely to attract good PR and may even open doors to unexpected opportunities. “Business books are a way to propel thinkers to prominence,” author Josh Bernoff shared. The power of a well-written business books is that it can become a catalyst that elevates the author to new heights of recognition.

https://www.barnesandnoble.com/w/build-a-better-business-book-josh-bernoff/1143149280

2. Clear Thinking (Shane Parrish, October 2023)

While it is not possible to directly teach anyone how to think logically, exercise sound judgment, or make good decisions, author Shane Parrish provides in his book actionable tactics that will encourage the development of those skills, so that you can use them effectively when confronting what matters most in your life. Parrish has written a guide to recognizing life’s pivotal moments and learning how to take the best path forward. He also discusses how to avoid cognitive biases, behavioral default modes that he calls instinctive thinking—reflexive thinking patterns woven into human nature. If you fall back into default mode thinking when embroiled in a high-stakes situation, instinctive thinking will undermine your ability to make wise decisions.

https://www.barnesandnoble.com/w/clear-thinking-shane-parrish/1142907883

3. Big Bets: How Large-Scale Change Really Happens (Rajiv Shah, October 2023)

Shah is president of the Rockefeller Foundation and was administrator of the U. S. Agency for International Development (USAID) during the Obama administration. Here he presents an innovative blueprint for creating large scale change that’s been inspired by his involvements with some of the largest humanitarian projects of our time, from helping to vaccinate 900 million children at the Bill & Melinda Gates Foundation to the race to stop the spread of the deadly Ebola virus in West Africa. As we witness a world that’s embroiled in many vexing crises, it is easy to become cynical about the ability to find and implement practical remedies that are capable of bringing about substantive, positive change; in frustration, many throw up their hands in defeat.

Shah eloquently and passionately argues against such cynicism.  He distills his real-world strategies for positive creating change, pointing out that big bets have a surprising advantage over cautious ones: a bold vision can attract support, collaborations and fresh ideas from key players who might otherwise be resistant.  Shah presents the playbook and thus the power to fight, work and innovate our way to a better, more just future. This awesome read will make you more hopeful about the world and your own capacity to change it in big ways.

https://www.barnesandnoble.com/w/big-bets-rajiv-shah/1143030232

4. The Daily Entrepreneur: 33 Success Habits for SMBs and Freelancers (S.J. Scott and Rebecca Livermore, October 2014)

Entrepreneurship can be exciting; it can also be stressful, frustrating and filled with challenges. Most aspiring business owners and Freelancers are motivated by a strong desire to achieve financial freedom, but reality may not live up to the expectation. Even highly successful entrepreneurs encounter challenges that are not entirely dissimilar from those that you face. The difference is that successful entrepreneurs have found ways to defeat their challenges. Their secret? They’ve cultivated specific daily habits that give them the wherewithal to overcome and prevail. 

Scott and Livermore attest that the power of developing beneficial habits is an indispensable ingredient of creating success. The authors claim that if you study the lives of highly successful business leaders the problems they’ve faced are common to most – if not all – entrepreneurs.

While successful business owners often have the same fears and limitations as you, they’re able to take consistent action because they’ve trained themselves to do so. You can give yourself an advantage by developing the habits used by entrepreneurial super-stars–-Entrepreneur Success Habits—and make them part of your routine. Scott and Livermore offer 33 examples of beneficial habits designed to position you to conquer your obstacles and achieve meaningful goals.

https://www.walmart.com/ip/The-Daily-Entrepreneur-33-Success-Habits-to-Take-Your-Business-to-the-Next-Level-S-J-Scott-and-Rebecca-Livermore/5857134450?wmlspartner=wlpa&selectedSellerId=101558808

5. Virtual Freedom: How to Work With Virtual Staff (Chris Ducker, April 2014)

Entrepreneurs typically assume that they must do everything themselves—they are the boss and also the sales rep, HR manager, marketing copywriter, operations manager, data analyst and so on. Author Chris Ducker, an outsourcing expert, knows how Freelancers and small business owners can obtain much-needed help and also manage the costs of doing so. Entrepreneurs holding modest financial reserves will discover that virtual employees can enable them to create high-functioning teams to help support, sustain and grow their enterprise.

Ducker presents a step-by-step guide that every entrepreneur needs to build his or her business with the asset of working with virtual employees. Focusing on business growth, the author explains every detail you need to grasp, from figuring out which jobs you should outsource to finding, hiring, training, motivating and managing virtual assistants. This book is the ultimate resource of the knowledge and tools necessary to build your dream business with the help of virtual staff.

https://www.barnesandnoble.com/w/virtual-freedom-chris-c-ducker/1116852690

6. Build the Damn Thing: How to Build a Successful Business (Kathryn Finney, June 2022)

Here’s a book for aspiring entrepreneurs striving to create an enterprise in a world that has overlooked and underestimated them, the essential guide to knowing, breaking, remaking and building your own rules of entrepreneurship in a start-up and investing world designed for and by the “Entitleds.” Visionary venture capitalist and pioneering entrepreneur Kathryn Finney has written a battle-tested guide for entrepreneurs who the establishment has left out.

Finney, an investor and start-up champion, explains how to build a business from the ground up, from developing a business plan to finding investors, growing a team and refining a product. Leaving no stone un-turned, she not only empowers entrepreneurs to take advantage of their unique networks and resources, but also arms readers with responses to investors who say, “great pitch but…”

https://www.barnesandnoble.com/w/build-the-damn-thing-kathryn-finney/1140221664

7. Trust Me, I’m Lying: Confessions of a Media Manipulator (Ryan Holiday, July 2013)

A revealing look into the 21st century media ecosystem that exposes how the practices and incentives of online media and the 24-hour news cycle work to polarize their audiences by stirring up controversy, fear and anger. Author Ryan Holiday is a veteran marketer and publicist whose media manipulation tactics centered on maneuvering blogs in service of his PR clients. He exposes the inner workings of a modern media machine in which financial incentives make it impossible for the version of reality depicted in the media to come close to resembling the truth.

The tactics Holiday confesses to might make your skin crawl. They involve deliberate provocation, bribery, impersonation and complete fabrication. If you are an author yourself, or a marketer, entrepreneur, or entertainer, for example, you are on a mission to get your message out to your audience; be advised that your fellow competitors for media attention are using the unsavory tactics Holiday describes. Understanding the process is a good way to understand the mechanics of media. You can use this knowledge to consider telling your story in less nefarious ways.

https://www.barnesandnoble.com/w/trust-me-im-lying-ryan-holiday/1111395738

8. How to Make Money: An Honest Guide to Starting and Building a 6-Figure Successful Business (Nafisa Bakkar, February 2023)

How do I start a business on a budget? How do I find my first 100 customers and make my first $100,000?How do I build a network and get my business noticed? Whether you want to transform a fledgling side-hustle into a full-time endeavor or simply have an idea that’s keeping you up at night, this is the ultimate blueprint for building a successful enterprise.

With no network, no capital and no previous experience, author Nafissa Bakkar created her business from scratch and then went on to help hundreds of aspiring founders to do the same. In her book Bakkar shares honest, inspiring and game-changing entrepreneurial advice. From how to nail your sales strategy and branding message to learning how to build a network, the author spills the tea on business culture and questions everything you think you know about the business world.

https://www.barnesandnoble.com/w/how-to-make-money-nafisa-bakkar/1144513521

9. 100 Proven Ways to Acquire and Keep Clients for Life (C. Richard Weylman, March 2024)

Every successful business can credit its success to long-lasting client relationships, but what secret sauce persuades clients keep returning to your company? Freelance consultant C. Richard Weylman addresses the question in his client success management book. In it, the author that maps out how to optimize the client experience your company provides as it reveals best practices that ensure clients will feel valued. Each chapter examines effective ways to utilize empathy, thoughtfulness and assurance to deliver a satisfying and memorable client experience that encourages repeat business and a favorable brand reputation.

Embarking on a B2B consulting agreement with a Freelance expert or multi-person company can be stressful for many clients; communication may not be clear and the client may feel that his/her needs are not being heard. Freelance consultants can neutralize client doubts or anxieties by continually demonstrating to your clients that you are the right provider for them.

https://www.target.com/p/100-proven-ways-to-acquire-and-keep-clients-for-life-by-c-richard-weylman-hardcover/-/A-90005323

10. Grit: The Power of Passion and Perseverance (Angela Duckworth, August 2018)

Why do some people succeed while others fail? Psychologist Angela Duckworth informs those who strive to succeed, be they ambitious entrepreneurs, determined athletes and others, that the secret to outstanding achievement is not always talent or intelligence, but rather a blend of passion and persistence that she calls grit. Duckworth identifies grit as a personality trait that motivates and sustains perseverance, hard work and goal-setting and she maintains that grit can surpass talent and intelligence when working to achieve success.

Duckworth sees present-day culture as entirely too enthralled by the allure of talent and intelligence. Her observations show that an obsession with talent pushes other valuable characteristics and behaviors to the wayside and causes us to inadvertently send the message that those often unacknowledged characteristics and other factors don’t matter as much as they do. In the book, the author explores the elements of grit, where it comes from, how it drives success and how you can develop it.

https://www.barnesandnoble.com/w/grit-angela-duckworth/1122569881

Happy 4th of July to my American readers and thanks to everyone for reading!

Kim

Image: ⓒ Ekua Holmes Precarious (2018)