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35 Tools and Resources to Absolutely Hack Your Freelancing Success

35 Tools and Resources to Absolutely Hack Your Freelancing Success

Freelancing is becoming the norm for 2016, offering both companies and individuals access to great talent that’s just one mouse click away. If startups, entrepreneurship, and a remote freelancer’s lifestyle are what your dreams are made of, then you’re going to love these tools and resources, which will absolutely allow you to hack into complete freelancing success.

Wondering About the Top Productivity Tools Out There?

To hack it like a boss, you will require great tools and talent in your team/organization. Here are my top 6 productivity picks for you to explore.

1. Bitrix24

This tool definitely makes project management a cinch. My first experience with Bitrix24 was earlier in 2015. My team and I had just launched a fully remote startup model. I was in Bucharest and the founder was in Norway, plus two coaches in the US. I used the app in both the browser and desktop versions to document the launch, create sales strategies, keep in touch with our members, organize tasks, and just about everything else that was possible in a startup environment.

The app proved to have great group options, packed with a good CRM system that simplified communication for the team, as well as our clients. Task and project management options, group chat, video conferencing, workflow management and HR tools, a dedicated intranet, and social networking are just some of the options this beauty has to offer in its free plan.

2. Trello

Where to begin? I started using Trello three years ago for personal and professional projects. For me, the tool works best in project and workflow management tasks. While Trello doesn’t have a native time management system, external ones such as Everhour will do the trick. A nice touch is to add Google Calendar and file storage to it — a perfect duo. If you want to quickly access boards, simply add them to favorites. Trello allows you to have both private and public boards for that matter.

The tool is ideal for startups, remote teams, but also for freelancers — bring your clients on Trello and show them the mapped process of how you work on their projects. Or simply map your freelancing activity. Free, but comes with a paid option.

P.S. Brian Cervino, their Community Manager, is always happy to talk about Trello, so don’t be shy — connect with him on Twitter.

3. Glip

Glip is a new entry. Since their launch, these guys have been doing a splendid job at standing out as an alternative to the more popular Slack. Having recently partnered up with RingCentral, their users can now login using existing credentials for both platforms.

Glip offers project, task and team management solutions, with a freemium version available. Glip allows you to invite members and instantly start chatting with them. Plus, you can also organize your teams and provide custom access to the members of your organization. The app comes packed with features such as Calendar, Tasks, Links, Notes, Files, plus a never-ending list of Integrations (including Google Drive, MailChimp and Trello). All these option work seamlessly in helping you to manage your online activities remotely.

4. iDoneThis

iDoneThis is pretty simple, and sometimes all you need is simple apps. What’s unique about this app is that after signing up, you receive an email every evening. You simply reply to that email, writing what you have done throughout the day and hit send. All information is stored in a Calendar app.

iDoneThis increases productivity by motivating you to map your daily activities at the end of the day. It has a freemium version for freelancing solo users, and a paid option for teams. Members can see their team’s daily activity reports. The level of transparency is admirable, so this app is aimed for open-minded transparent approaches. This app doesn’t increase only productivity; the transparency also increases trust.

5. Wrike

Wrike is another project management tool. It comes packed with a free version that allows you to tap into file sharing, content creation, task management, and collaboration. All this is available for five users in the fremium version. It’s a good way for freelancers to keep notes on their own work, and stay on track and improve collaboration for their small team.

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6. Cloud-Based Solutions

Whether you work with GoogleDriveOneDrive, or others, it’s important that these cloud-based solutions address not only your task and project management needs, but also sort out communication. Look for a basic CRM, group chat, workflow management, private and shared storage, calendar and document management. Each of the aforementioned options will increase your personal and team productivity.

As UXC Eclipse stated recently in one of their CRM reports, “the easier it is for clients, solo-preneurs and teams to map their businesses, the greater the impact on their productivity KPIs. Workflow is shifting more towards online solutions, and we see a lot of remote teams, freelance agencies emerging in the trends.”

But you don’t just need productivity growth to hack the path to success, you also require other components. Such as…

Accounting Solutions for Freelancers and Entrepreneurs

Accounting might not be your best friend (yet!), but these options definitely help. Bottom line: even when you’re doing your shopping, paying the bills, or counting your profits, it still helps if you know your way around the books. Here are five tools that I personally recommend, which will give you a fresh perspective on accounting.

7. The Obvious: MS Office Excel

The newer version of Office 2013, and more recent versions, are packed with pre-defined Accounting and Bookkeeping options. Functions such as Revenue Received, Expenses, Total, and Profits make it easier for early-stage freelancers and entrepreneurs to keep an eye on their income streams. However, Excel is more of a bookkeeping option than an Accounting solution itself.

8. Due

Due is an Accounting tool at its best, offering time management and time tracking options. To add more, the tool has project management, billing, and invoices systems that make accounting a piece of cake.

Among others, Due stands out with its payment tracking and integration of QuickBooks and FreshBooks APIs (powerful bookkeeping tools). Reports are available with one click. The solution addresses both freelancers and agencies in a browser version, with an iOS app in the making.

Seems like Due is an avid fan of its freelance users and came up with a complete Freelancing guide, available here.

9. Mavenlink

Mavenlink launched years ago as a project management tool. My first experience with them dates back to 2010, in an attempt to enhance my freelancing business. The design was rather rigid at that time, but worthy as an asset. Mavenlink has come a long way since then. Nowadays, the tool addresses issues such as project accounting, resource management, business intelligence, and team collaboration. A game changer in the industry, I would say.

10. FreshBooks

FreshBooks is the go-to accounting solution for non-accountants, or at least that is how the tool brands itself. FreshBooks works great for Freelancers for the same reason as Due: when you handle different clients, with different demands and different payment options, you need the “in-house” solution.

The tool offers features such as reporting, invoicing, time, expenses and payments tracking. No reason to argue why this tool would help hack your freelancing success, right?

11. QuickBooks

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QuickBooks runs in multiple languages and integrates with other tools, such as SafetyNet for online backups, Paypal for online payments, Receipt Bank for bank transfers and revenue streams, and Shopify for import/export of orders directly into your QuickBooks account. SMEs and NGOs can greatly profit by using this tool, however I don’t see a reason why freelancers and solo-preneurs shouldn’t give it a go — apart from the pricing.

Next stop: resources and online marketplaces.

Top Resources for Freelancers

Let’s start with a series of top resources to understand what freelancing is all about. If you know of any other resources, please reach out to complete this list.

12. FreelancersUnion is an online community that covers basic as well as advanced needs of freelancers worldwide. Start here and engage with the community, learn how to take action and what freelancing means.

13. Bidsketch is a place where you can always find information about freelancing and entrepreneurship, tools and resources. These guys put a lot of effort in writing and coming up with excellent content, in my honest opinion.

14. TutsPlus — Tutorials from the late FreelanceSwitch and the new Tut+ are surely to help you get a better understanding about design, IT, marketing, and more.

15. Rory Peck Trust — European-based Rory Peck Trust website is all about the reality behind the freelancing dream. There are a lot of resources, constantly updated, with good info on security, safety, insurance, professional development, immigration, and more.

16. Quora — the place to learn everything you need and get answers to every question you have. One of the best questions and best answers on Quora is related to personal growth.

17. Reddit — Well, Reddit is many things, but just like Quora, it can help you get some of the best resources and answers out there. It’s also a great way to signal to other freelancers and online entrepreneurs about bad experiences with clients. One of my favorite places on Reddit is the Entrepreneur subreddit. Here, you’ll find real-life examples from other entrepreneurs and freelancers.

18. StackOverflow — If you have no idea what I’m talking about, then this article is not for you. StackOverflow works great not just for programmers or tech entrepreneurs and freelancers, but also to anyone having to deal with a line of code or with data. The thing is, you’d probably need a website or professional page to showcase your portfolio and experience, so either way there’s a high probability to stumble upon tech issues.

19. StackExchange freelancing — A subdomain where you can get pretty much any question answered if it’s related to freelancing. A must-check resource if you plan on hacking your freelancing success.

20. Online communities — There are huge online communities with user-generated content where you can find threads that answer your every question. One of my personal favorites for Brainstorming is MyBlogU.com.

LinkedIn groups, Google+, and Facebook groups can work just as well. Our LinkedIn group dedicated to our readers, called Freelancer Way, is the place where former freelance ambassadors eagerly answer questions and teach people the right way to freelance.

21. Blogs about starting a blog — Now, the idea of starting your own blog is more related to that of having an online image, a website to showcase your potential, and a voice that clients can interact with. Not just words, but also visuals, audio, and videos.

Must-Read Blogs about Building an Online Image

Here are a couple of websites/blogs worth checking out — after you’ve spent some time with Lifehack.org, obviously.

22. Problogger.net

Darren has been online since forever. Everything he shares, the people he invites on his blog, and even the job board is all about making money online and tapping into opportunities.

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23. Onblastblog.com

A new entry on the list, Matt’s blog is a guide on how to start a blog, step-by-step, and eventually to drive profits from it. It’s all about exploring potential sales funnels and finding opportunities in the market.

24. Copyblogger.com

These guys are one of the top-mentioned blogs out there. While you might need a lifetime just to read everything they’ve written so far, I suggest you start with their ebook section and progress to their seminars and courses.

25. MarketingProfs.com

MarketingProfs.com, or should I say, marketing gladiators. These guys will teach you how to build an online brand, how to create your sales funnels, how to tap into industry opportunities — basically, everything you need to stay ahead of the game. If you can’t afford their paid courses, events, and materials, start with the free ones, as they’re good enough to build a foundation.

26. FreelancerWay.com

A personal project started with former freelance ambassadors, Freelancerway is a promising blog for beginners. While this recommendation might sound biased, I would just like to share that we’re working on a guide to freelancing (pre-teaser) that’s going to come out next year. Stay tuned for more!

Marketplaces and Online Platforms for Freelancers

There are general platforms and audience-specific platforms, which we’ll discuss further.

27. Upwork

Upwork is the newest online workplace to join the freelancing industry in May 2015. The website is a total upgrade and facelift from the old oDesk platform. Not only that, but with the closing of Elance, elancers are asked to migrate their profiles to Upwork and aid in making history.

According to stats, “by 2020, 1 in 2 people will freelance online.” We can already see the trend in the US alone, where more than 50-million freelancers reside. With a Top Rated account on Upwork, I can say that there’s an endless stream of projects coming every week. It is tough getting there, but there are opportunities to at least build an online agency and work with freelancers in the platform.

28. PeoplePerHour

PeoplePerHour has its own charms. The platform is targeted mostly on UK freelancers and clients, but there are European, Australian, Canadian, and US clients and freelancers who actively use the platform. PPH has made huge progress compared to its early stages a couple of years ago. They offer “Hourlies”, which are fixed-price packages that clients can access on a freelancer’s profile. Freelancers can make good use of their CERT system, which is a system to rank your performance on the platform. Currently, a CERT 5 and an inch away from Top 1000, I can tell you it is difficult to maintain — you need to get at least 1 new project a month or to have an ongoing gig.

29. Hiive

Hiive is a network for professionals and startups alike. The UK-based web app allows you to register and find contract, full-time, or freelance opportunities across the United Kingdom at startup HQs. Startups and freelancers can create profiles and showcase why they are the best. As a fellow European citizen, it’s a real joy to see a place where fellow freelancers and startups can help build each other’s careers and business growth.

30. Designhill

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Designhill is a marketplace addressing freelancers who love to create beautiful compelling visuals, from logos to trendy infographics, promotional materials, and more. More than 25,000 talented freelance designers and illustrators have joined so far. It’s a great way to find unique projects that stimulate your creativity, which is a serious plus in killing the boredom that comes with doing the same thing over and over in freelancing (yes — routine happens in freelancing, too!). 

For entrepreneurs and startup owners, it’s a great way to get your brand up and running when you know there’s a talent pool at your disposal. This audience-specific platform is definitely worth a look!

31. LinkedIn

LinkedIn is not a place to merely showcase your professional experience and just leave it lying there like a dusty old CV on your desk. This social network has real potential to help you get noticed. As a starting company, you might find here some useful tips on how to start building towards success. If, on the other hand, you want to work on your personal branding as a freelancer, you have to pay a little more attention to it.

32. ResearchGate

Research Gate is a research platform that provides opportunities and resources to young professionals, from Masters to PhD students, professionals, post-graduates, and basically anyone interested in working in research facilities, company departments, or university departments in both private and public sectors.

Usually, the platform is geared toward statisticians, psychologists, bio-medics, engineers, physicists, and mathematicians, but every now and then you might find opportunities for other audiences. If you are looking to build a more stable career for the next 6 months up to 3-4 years, there might be something for you there. In most cases, no remote opportunities are available.

33. WarriorForum and Forums in General

Forums such as WarriorForum, acquired by Freelancer.com a while ago, are a great place to get online gigs. Another similar model is used with CraigsList and other audience-specific forums. It works best with content writers, SEOs, and marketing, but possibilities are endless in the end. Just look for your industry’s top forums and get active. In some cases, a minor investment might be required (i.e. paid memberships), but as long as you get a consistent ROI, don’t let that stop your enthusiasm.

34. WeConnectSocial

WeConnectSocial works both ways: it connects brands to social media influencers, and bloggers to online opportunities. I do recommend exploring both ends. The branding is great, as in you get the opportunity to be recommended to different audiences. The blogging and social media opportunities are also great, because you get a revenue stream for just doing your own thing. There are artists there that offer promotions on their social media accounts or their blogs, as well as brands willing to tap into the PR opportunities. Possibilities are endless.

35. Paid Contributors

This is more of a collective opportunity. There are websites (different topics, different industries) that want to pay their own contributors to deliver excellent content. There are big online magazines implementing this model of “freelance journalism” such as Forbes, PC Mag, and so on. If you have a talent for writing and sharing your experiences, a desire to teach or write tutorials and how-to’s, make sure to research and apply to any open position. It’s also a good way to build your personal brand and become a voice online.

Conclusions and Takeaways

It took a lot of time and effort to create this list with resources and tools, but in the end it’s all up to you: you are responsible for your success, and in this age and time, anything is possible. So there you go, I hope you will absolutely hack your freelancing success. Drop me a line on my Facebook page with your story or any questions you might have.

Featured photo credit: Flazingo.com via flickr.com

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Published on December 13, 2018

How to Start a Company from Scratch (A Step-By-Step Guide)

How to Start a Company from Scratch (A Step-By-Step Guide)

If you’ve ever thought about starting and running your own business, you’re not alone. Being your own boss, having flexibility with your schedule and keeping more of the financial rewards that come with business ownership are all good reasons to own your own company.

But as you might expect, it’s not all vacations and fat bank accounts. According to the SBA, 2/3 of businesses survive at least 2 years and approximately 50% survive 5 years.[1] So why is the failure rate so high? At least for the businesses that fail early on, lack of, or poor planning can be a major factor.

So how to start a company?

Starting a business from scratch doesn’t have to be hard or complicated, but it does take planning and work. Here are the first and most important 9 steps to take when your are starting a company from scratch.

1. Do an Honest Evaluation of Yourself

Do you work better in a structured or unstructured environment? Does a daily routine reduce your anxiety? What kinds of things are you good at? Does public speaking or making presentations make you nervous? Are you good at accounting and numbers? Can you handle the rejections you’re bound to get when selling or cold calling?

These are all important questions to ask yourself, in fact it’s a good idea to get other peoples opinion about their perception of you in each of these situations.

Whatever the answers you come up with for your evaluation, remember that’s all it is, an evaluation of where you are now. Think of it as a way to identify both your areas of strength and weaknesses.

You maybe good at public speaking which can help when raising money, but bad at accounting which just means that you’ll need to find some kind of help with that area of the business.

2. Evaluate Your Idea

If your business idea involves a new product or service (or even an enhancement to an existing product or service), it needs to be evaluated. This is technically called market research.

There are firms that specialize in doing market research for new products, but if you are on a tight budget, you can do this yourself.

First, if you can build a prototype for people to use, touch and look at that’s the best option. If a prototype is not possible or it’s a service business, then offer a highly descriptive presentation of the business plan complete with it’s unique benefits and how it’s different from the competition.

Then listen! Remember that this is not about others liking your product, this is not your baby that they are talking about. You want honest market research that gives you the best chance for a successful business. Take notes, when someone tells you that they didn’t like a feature or some aspect of your idea tell them ‘Thank you”.

After several rounds of market research with different groups of people, you should see patterns emerging about things that they both liked and didn’t like. Use this information to tweak your product or service and do another round of market research.

Keep in mind that you’ll never come up with a universally loved product, your job is to produce a product or service that appeals to the broadest range of your target market.

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3. Make a Business Plan

I know, I know this isn’t the “fun” part of starting your own business, but it is an very important step in creating a successful business!

Basically, you can think of a business plan as an outline or blueprint of your business. A good business plan should have the following elements:

  • Executive Summary – This should lay out the businesses product or service and the problem that it solves for the consumer.
  • Market Evaluation – This should talk about the market you are serving. Is it an expanding market, and how does your product better fulfill the consumers in that market.
  • Market Strategies – How are you going to penetrate the market and sell your product.
  • Operational Plan – How will the company run from day to day? Who are the key employees and what are their specific rolls. Do your key players have specific goals set for them in advance?

A final word on making a business plan: while lying is never acceptable especially when you are using the business plan to raise money, it is acceptable to “put your best foot forward”.

Playing up the positives while minimizing the negatives is almost expected in a business plan.

Besides, banks as well as professional investors will both do a more in-depth analysis before investing any money into your idea.

4. Decide on a Business Structure

You have many options here, and discussing them with your accountant or financial adviser is really the only way to know what’s right for you. But just to give you a quick rundown of the types of business entities and their pros and cons we will briefly go through them:

Sole Proprietorship

This is a common way for small businesses to get started.

The pros being:

Relatively low costs to set up (usually a business license and sales tax license).Owners normally do not have to set up a special bank account, they are allowed to use their personal one. Any income earned can be offset by other losses (check with your state!). You as the sole proprietor have complete control over all decision making. 

Finally, sole proprietorship’s are relative easy to dissolve.

The cons of using a sole proprietorship include:

You as the sole proprietor can be held personally responsible for the debts and liabilities of the company. Some benefits, such as health insurance premiums, are not directly deductible from business income.

If you need to raise money, you are not allowed to sell an equity stake in the company. In that same vein, hiring key people maybe more difficult because you cannot offer them an equity stake in the company.

Partnership

A partnership is formed when two or more people decide to start a business. Although there is no legal requirement for any documentation to form a partnership, it is my advice that you never enter into a partnership without having a partnership agreement. (Remember, spending $1500 now can save you $150,000 in legal fees later!).

The pros of a partnership include:

Being relatively easy and inexpensive to start. Hiring key employees can be easier as you are allowed to give equity ownership to as many partners as you want.

For tax purposes, partnerships are relative simple as any income is treated as “pass through” meaning that each partner pays tax on their individual portion of the partnerships income (As of this writing, always check with your tax adviser).

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As far as the cons go:

It can be difficult for some general partnerships to raise capitol. Because it is a partnership, the actions of one of the partners can obligate the entire organisation. All profits must be shared according to the partnership agreement regardless of the amount of work done by any single partner.

Some employee benefits may not be able to be deducted on income tax returns.

Limited Liability Company (LLC)

This is a very popular business entity for small to medium sized businesses. The reason for this is the cost of set up is not prohibitive and there is a separation between the owners and the company.

The pros of an LLC include:

Limited liability for the partners, unlike sole proprietorship’s and partnerships where the owners are held responsible for all of the companies debts and liabilities, an LLC provides some protection against certain debts and liabilities that are solely the companies.

Simple taxation, just like the sole proprietorship and partnerships, income is considered “pass through” and is only taxed once on an individual level.

There is no limit on the number of shareholders in an LLC. An LLC requires fewer fillings and administrative requirements than a corporation.

Corporation

A corporation is much more complex and expensive to set up. And a corporation is legally considered an independent entity that is separate from its owners.

The pros of a corporation include:

Complete separation between the owners and the company. Because the corporation is considered its own legal entity, owners can not be held personally responsible for any debts or liabilities of the company.

A corporation can raise capital much easier just by selling more shares in the company.

Cons of corporations include:

Much higher administrative costs than any other business entity. Corporations generally have a higher tax rate. Dividends are not tax deductible for corporations. Income paid in dividends is taxed twice, once by the corporation and again by the shareholder.

Again, this is just a short summary of the pros and cons, always check with your tax adviser about what will work best in your situation.

5. Address Finances

Again, not one of the “Sexier” parts of starting your business from scratch, but very important nonetheless.

So, you’ve done your business plan and an estimate of your start up funding should be included. It should include the amount of funding you’ll need to get you through your first full year of operations.

Now, how do you get that money?

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Self Funding

If possible, self funding is the easiest. You won’t have to go to banks and investors with hat in hand, or give up ownership or control of your company. But as we know, this is not a reality for most people. But don’t worry, there are still plenty of options available.

Friends and Family

They can be a good source of funding your business if they can see and understand your vision.

Remember that business plan? Pass them out to everyone you know. Then follow up, be prepared to tell them the total amount of money you expect to raise, the minimum investment you are looking for and what you will give in return for the investment.

For example, you give a friend your business plan and follow up with him/her a few days later. You can explain that you have secured funding for $80,000 of the $100,000 you need. You are selling a 2% share in the company for every $2,000 investment. How many shares would he like?

And when he/she tells you no, thank him/her and ask if he/she can think of anyone off the top of his head who might be interested? Tell him/her you really appreciate his/her time and if he/she does come across someone who might be interested to let you know.

Banks

These guys are happy to lend you money when you don’t need it, but all of the sudden they get stingy when you actually need a loan! This is where preparation comes in.

It’s a good idea to go over your business plan with an expert and maybe even have it rewritten by an expert before you approach either a bank or professional investor. Both will want to go over your business plan with a fine tooth comb, verifying all the numbers and data you provide.

You should also brush up on everything in the plan so that you can answer any questions they have with authority.

Crowdfunding

Finally, there is crowdfunding through sites like Kickstarter or GoFundMe. Crowdfunding helps to build interest, community spirit, and a customer base. It’s also an efficient way to raise funds. You can take a look at these tips to find out more:

6 Crowdfunding Tips To Get Your Project 100 Percent Funded

6. Register with the Government

As stated earlier, different types of business entities have different filling and administrative requirements. At the very least, you’ll probably need a business license as well as a state sales tax license.

Unless you are forming a corporation, there are many good resources on the web that will do everything for you at a minimal cost.

7. Assemble Your Team

Remember when we evaluated your strengths and weaknesses? Here is where we fill in the gaps!

Do you hate sales and cold calling? Great! There are people who love selling and wouldn’t want to do anything else.

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Bored to death with accounting? There are a ton of small accounting firms out there that will take care of that for you.

What about marketing? You can hire someone in-house or out-source that too.

Your job is to keep on top of all the different aspects of the business to make sure they are all running smoothly and getting the results you need. If not, it’s your job to figure out the problem and implement a solution.

Check out this guide and learn how to delegate effectively:

How to Delegate Work (the Definitive Guide for Successful Leaders)

8. Buy Insurance

No matter what kind of business you start, you need insurance! Yes, I know, no one likes to buy insurance, but it can literally be the difference between having a minor inconvenience and declaring bankruptcy.

We live in a very litigious time, even a minor slip and fall at your place of business could bankrupt you without insurance. If you need help finding a good agent, check with your local trade organizations or fellow business owners.

9. Start Branding Yourself

Has anyone ever ask you for a Kleenex or a QTip? We all know what they are because of branding, Kleenex is just a brand of tissue and QTip is just a brand of cotton swab. It doesn’t have to be as widely known as Kleenex or QTip, but you can make your brand a common name within your niche.

I once owned a manufacturing company that developed a product that was so popular that my competitors started co-opting my brand name for their products.

If you aren’t sure how to kickstart branding yourself, check out these ways:

5 Ways to Build your Personal Brand & Make More Money

The Bottom Line

Starting a business from scratch can be one of the most rewarding experiences a person can have.

But do you know what’s even more rewarding? Having a business that succeeds, is profitable and provides a good source of income for you, your employees and their family’s.

More Resources About Entrepreneurship

Featured photo credit: Tyler Franta via unsplash.com

Reference

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