CrossborderPe’s Post

What do these figures suggest? That 67% of the UK are waiting to start their own business, while only 10% are doing it!!! 🤯 As a team of experienced business owners, who’ve been freelancers, sole traders and company directors for decades, we can confirm with no doubt - there’s never a perfect time to start a business. One of the most common reasons that stops people from starting a business is financial. Making sure you get paid correctly and on time is a big responsibility, especially when you’ve got essential bills to pay. We know it’s a big problem for business owners but we also believe it shouldn’t cost the earth to fix it. That’s why our invoicing generator only costs £5 a month and you can cancel anytime. If you’re one of the 10% that’s already in business but looking to cut costs - We can help you! Grab your 30 day FREE trial at: https://buff.ly/40ybUFl #smallbusinesstips #smallbizinvoicing #freesoftwaretrial

Freelancers and small business owners often have tight budgets. And staying on track means cutting out unnecessary expenses. But even the most well-run small businesses waste money from time to time. So how can you prevent this? Know how money gets wasted. Some common ways: 1. Getting office space when you don’t need it. 2. Buying too much equipment. 3. Forgetting to cancel subscriptions. 4. Throwing money at marketing. 5. Never negotiating with vendors. 6. Mishandling project management. 7. Outsourcing too much. 8. Taking on high-interest debt. ⁠ You can find the full post on website: https://lnkd.in/gxrX62Fp ⁠ #agency #freelance #finance #consulting #smallbusiness

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

Building the right team can play a big part in your business’s growth, but that’s not always easy. Using freelancers, who fill the skills and knowledge gaps that you don’t have yourself, can help you make the first steps in this direction. It’s also vital to have the right external experts in place, such as an accountant and financial adviser, who understand your business and help you achieve your goals. Find out more: https://lnkd.in/eKWkTSjv #investments #finance #financialplanning #financialadvice #financialmanagement #lifestyleplanning #financialplanner

My Client said "Your prices are too high," In the service sector, the most frequent complaint you'll encounter is “Money” Some clients put you to the test by pointing out that there are competitors that charge half as much for the same services. No Point of getting offended here. This is the objection that most freelancers run across. But this is when the negotiation starts! I've closed Many deals thanks to this simple 3-step framework for responding to money objections. Here's how it works: Step 1: Diffuse "I understand. If you did have the funds available, do you feel this is something that would be worthwhile for you?" Step 2: Probe "What makes you say that? Why do you feel this would be worthwhile if you could afford it?" Get them to explain what excites them about working together. This builds rapport. Step 3: Get Them Thinking Results-Based "I appreciate that cost is an issue right now. How do you think you could find the funds to make this work so that you can achieve [restate what they want]?" This last step is key. You're tying the funding to the results they want. Shift their thinking from cost-based to results-based. (Sell results by showing exact numbers not by selling your services) The money exists 100% of the time. The issue is that people don't prioritize your solution over where they currently spend funds. Reframe their thinking to focus on the end result. How do you handle such an objection? Mention below! #clientoutreach #clients #clientsatisfaction

Most freelancers and solo consultants I meet don't have a good intuitive understanding of business profits. 👇 They confuse their pay (i.e., as the sole EMPLOYEE of their business) with their profits (i.e., as the sole OWNER of the business). Why? **Because they always forget that their pay is an expense.** Think of it like this: If you landed a project with a new client and then paid someone who was just as good as you to do the project while you did nothing, how much money would you have left over? My guess is very little. Let's use some made-up numbers to make this a little more concrete: 💲 Price that the client agreed to: $100k 💲 Cost to hire someone just as good as you to do the project on your behalf: $90k 💲 Profit left over for you as the business owner: $10k With all this in mind, let's return to the idea of agreeing to a discount... If you discount your price, the _discounted amount comes straight out of your profits_ but does NOT decrease your costs. So, in the $100k project scenario above, giving the client a 10% discount COMPLETELY ERASES YOUR PROFIT! And guess what? A business with 0% profit is not a fun business to run. ---- 🚫 Don’t let an algorithm decide what you read! Join 10k+ readers who get my daily email tips ⬆️ Click "Visit my website" under my name to subscribe ♻️ Please repost if this was useful

Here's how to set up a system that stops shady billing practices in 5 simple steps: 1⃣ Start by educating yourself about typical billing tricks and warning signs. Many business owners struggle because they think they don't know enough to catch overcharging or misrepresentation. 2⃣ Don't get stuck worrying about being ripped off. Stay informed about industry norms and do regular checks to make sure your payments are accurate. 3⃣ Make your payment system transparent. Successful owners boost confidence by being clear about payments, reducing stress about mistakes. 4⃣ Freelancers and contractors often worry they don't know enough to stop overcharging. Overcoming these doubts is key to success. 5⃣ Improve your payment process and keep communication clear with clients. This saves time and money, letting you focus on your work. Successful freelancers do this to make more money. Following these 5 steps helps you spot overcharging or misrepresentation and avoid financial harm. Start now to protect your business.

Check out our blog for ideas and helpful tips on growing your business, getting paid on time, winning clients, and much more. ⏬ ⏬ ⏬ We've got lots of tips for freelancers and small businesses. 💰 🚀 Here's the link: https://lnkd.in/dQ_vET2y #freelancetips #smallbusinessowner #invoiceninja #invoicingsoftware #getpaidontime #freelanceftw #businessgrowth