Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts
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How to Make It as a Freelance Entrepreneur



When people think of an entrepreneur, often they conjure up a founder of a newly launched startup, a veteran business owner or someone running a franchise. But the term includes so many other folks, one being the freelancer.
Many entrepreneurs have found success as a freelancer providing various services including data mining, designing, producing and writing, among others. But to build a successful, prolific freelance career, you need more than luck and access to clients online.
Here are five key skills that will go a long way in helping you find success:
1. Market yourself. You might have rock-star design skills, a knack for storytelling or coveted coding chops, but without a personal marketing strategy, no one will know you are open for business. All good freelancers should have a robust online presence -- everything from public social media accounts (keep it professional, please) to a personal website and a digital portfolio. Having a well-defined personal brand can go a long way towards boosting your professionalism for both current and future clients.
Tools: Social media management applications such as HootSuite and Buffer help keep your online presence organized and up to date. Custom-built websites are always best for showing yourself off in a unique way, but LinkedInWixWordPress, and About.me enable you to create a professional online presence in minutes.
2. Set a schedule, goals and expectations. Whether you're working on a last-minute project or have all the time in the world, it is important for freelancers to establish deadlines and manage expectations with clients. Determining what the final product will look like, when it will be delivered and how it will be done helps freelancers stay on track and allows clients to know what they're getting.
Tools: Visually's Project Center incorporates a custom timeline for each project, clearly establishing deadlines and deliverables. There is also Podio and Asana, both of which provide management tools for collaborating with a team and staying on top of project goals.
3. Keep track of all your great ideas. At any given point, you might be working on a number of different projects at various stages of completion. Keeping track of all of the ideas and inspirations associated with each one can be tough and top-notch organization skills are a must for any freelancer's arsenal.
Tools: The gold standard for organization tools and apps is Evernote. No other tool has as many features, as simple of an interface,or is as easy to use as Evernote. With full-featured integration across a variety of desktop and mobile platforms, the tool can be accessed virtually anywhere inspiration strikes.
4. Communicate effectively. It sounds like a no-brainer but effective communication builds a foundation for business success. This is even more applicable for freelancers. Going the extra mile to stay on top of communication can help eliminate the physical distance between you and your client. Being available via email, over phone and on video chat is a must, but don't be afraid to also check out screen sharing apps too, as these can be helpful for walking clients through more intricate and detailed work.
Tools: The go-to app for communication is Skype. Its simplicity is unmatched and universally adored. While Skype offers basic screen sharing, dedicated tools such as Screenhero and join.me are best for power users.
5. Follow up, build a network and grow your freelance business. You've finished a project and sent your invoice to the client. This might seem like the end of you and your client's working relationship, but it's not. Follow up with the client a week or two after the project has been delivered, and ask for feedback. If it's positive, ask for them to recommend your work to others, endorse you on LinkedIn or provide a short testimonial for your website or portfolio.

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Simplifying Work-Life Balance With These 4 Steps



As business owners, we have many roles and responsibilities to fulfill – everything from company duties to family time and socializing with friends. Yet, breaking down all these roles and responsibilities can be daunting, and often entrepreneurs feel guilty they aren't meeting all their obligations. It doesn't have to be that way.
As the founder of Baby Boot Camp & Karma Fitness, a national fitness and nutrition franchise for women, I feel your pain. But I have found that when I approach the work-life issue as if it was a business matter, it makes it much easier.
Here is are a few lessons and tips on what I have learned.
Get your priorities straight. Before you begin trying to solve this conundrum, you need to figure out what is important to you.
Start by drawing a large circle on a piece of paper. Create “slices of pie” to represent how many hours each week you would like to devote to each role. My circle includes time with my spouse and with my children; for each of my three businesses; for my personal fitness; and for my personal leadership development.
Have a solid structure in place. Use a day planner, smartphone app or calendar program to plan your week. Include personal appointments, workouts and social events, alongside business priorities like client meetings, training and time for planning. I use CalenGoo, an app that is compatible with your Google calendar. It allows me to color code my personal appointments as well as assign a different color for each of my businesses. This allows me to work efficiently in time blocks so that I’m not jumping from one mindset to another every 30 to 60 minutes. Once you have created this structure, follow it. Check in at least a few times daily to ensure you’re staying on schedule.
Get control of situations. The emotional high we get from doing a lot at once can result in mistakes or missing subtle cues. So when multi-tasking, take control of distractions. Turn off your social media alerts, email notification and mobile devices so that you can focus on your task at hand (even if it’s just for 30 minutes).
Always connected after hours? Start small by turning off your phone for 30 minutes and being fully present with your family. This can be challenging with a busy schedules and high demands of our time but protecting your time can help you achieve balance and improve your relationships.
Have your ducks lined up. Procrastination is the act of replacing high-priority tasks with lower priorities. Putting things off until the last possible minute produces a similar emotional high to multitasking, so take control of your schedule and prevent procrastination by ranking your daily tasks.
Create a list of up to 10 tasks that you need to complete that day. Rank your tasks from one to 10, with one being the most important. Limit your big, non-negotiable tasks to one per day. By completing your big task first, you will have your other, less time-consuming responsibilities as a reward to look forward to. Cross tasks off your list as you complete them in order of priority.
If I find that I am unusually overwhelmed, I will create separate lists for each of my businesses with a maximum of five tasks on each list. I then determine what I can delegate to relieve some pressure. This allows me to focus my time better.
Achieving balance is not something you obtain and then simply maintain -- it is an ongoing process that involves effort on a daily basis.

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More return from shares of medium companies


The investors have earned more from shares of the medium level companies with smaller price from the transactions in the past two and half months. The Nepal Stock Exchange (Nepse) has risen by around 200 points after the second election of Constituent Assembly (CA), while the share price of over half a dozen of 87 companies, whose shares are traded frequently, have increased by more than 100 percent. Most of the companies whose share price has increased more have a lower share price.
The Nepse index has risen by 183.49 points to 783.91 after the CA election. It is greater than that on November 14, when Nepse reached 600, by 30.56 percent. The market that crossed 800 in two and half months after that has dropped to 783.91 on Wednesday. The share price of majority of companies whose shares are frequently traded has risen during the period.
The investors who had invested in shares of Everest Bank at the rate of Rs 1,664 on November 14 have earned Rs 513 or 30.82 percent by Wednesday. Similarly, those who had invested Rs 140 for shares of United Insurance Company have earned Rs 200 or 142.85 percent. The share price of Life Insurance Corporation has reached Rs 2,450 after rising by Rs 687 in the period while the share price of Shine Resunga Development Bank has risen by 128.34 percent from Rs 170 to Rs 388. The share price of Self Employment Micro Finance Development Bank has also risen by 110.74 percent from Rs 410 to Rs 864. United Insurance has seen the biggest rise in terms of percentage while Nepal Life Insurance has seen the biggest rise in terms of rupee per unit. The share price of Nepal Life Insurance that was Rs 2,479 per unit on November 14 has risen by Rs 1,151 to Rs 3,630 by Wednesday.  
The investors investing in insurance, hydropower and micro finance companies have earned more. Though those who have invested in commercial banks, development banks, and finance companies have earned, they have earned less. Those who have invested in insurance companies have earned more than those who have invested in groups. Spokesperson of the Securities Board of Nepal (SEBON) Niraj Giri stated that investors have been attracted toward micro finance companies after a few of them provided good return. “The investors seem to be targeting greater return by making a smaller investment. This is a sign of maturity,” he said. “The majority of companies have chosen the medium companies as they provide greater return than blue-chip companies,” he reasoned. He explained that the share price of insurance and hydropower companies also rose more as they provided better return than others.
Investor Ambika Prasad Poudyal reasoned that the share price of insurance and micro finance companies has risen more as development banks and fiancĂ© companies have invested in the shares of insurance and micro finance companies. Stating that a short-term institutional investment on shares has a negative impact on the market he said, “The market will improve if it is held for a long period.” He revealed that the return provided by the insurance and micro finance companies is also comparatively better.  
Former President of the Stockbroker Association of Nepal Anjan Raj Poudyal also confirmed that investors investing in the insurance and micro finance companies have earned more. “There was comparatively under-pricing of shares of insurance companies until some time back. The share price of insurance and hydropower companies has risen now as the banks and financial institutions are investing on them,” he reasoned. He explained that the financial institutions have started to invest on insurance and hydropower companies as investing on companies of similar nature will lead to cross-holding. He explained that the price of insurance companies has risen more than others also because the Collective Investment Trust has also invested on shares of insurance companies while managing investment. He argued that attraction of insurance companies has also increased as they have distributed bonus shares in good proportion while raising paid-up capital.                 
10 companies whose share price has increased most in rupee after November 14
Company
Wednesday
Nov 14
Difference
Nepal Life Insurance Company
3630
2479
1151
Life Insurance Corporation
2450
1763
687
National Life Insurance
1840
1235
605
Everest Bank
2177
1664
513
Butwal Power Company
1270
800
470
Shikhar Insurance
1000
544
456
Self Employment Micro Finance Development Bank
864
410
454
Summit Micro Finance
890
459
431
Sagarmatha Insurance
1161
835
326
Rural Micro Finance Development Bank
880
560
320
    10 companies whose share price has increased most in percent after November 14
Company
Wednesday
Nov 14
Difference
United Insurance
340
140
142.86
Shine Resunga Development Bank
388
170
128.34
Self Employment Micro Finance Development Bank
864
410
110.74
Alliance Insurance
550
263
109.125
Triveni Development Bank
323
159
103.144
City Development Bank
385
192
100.52
Bishwo Development Bank
265
133
99.25
Summit Micro Finance
890
459
93.89
Machhapuchchhre Bank
465
250
86
Shikhar Insurance
1000
544
83.83

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5 Tips for Launching a Side Business



While some entrepreneurs quit their day jobs to follow their dreams, U.S. News & World Report senior money editor Kimberly Palmer started a side business because she was worried about the stability of her dream job.  
"I felt a lot of financial stress myself in 2009, at the height of the recession, and I felt I had very little job security - people were getting laid off all the time," says Palmer.
Spurred by the need for a backup plan, Palmer launched a business in 2011 selling money workbooks on Etsy - an experience she talks about in her new book, The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life, out this month.
"I discovered a whole world of people doing the same thing, starting side businesses. It really was becoming a big trend," says Palmer. She calls these on-the-side gigs "micro-businesses," which she defines as businesses that may not be paying the mortgage but are providing another source of income.  
Today a micro-business owner herself earning approximately $200 per month from her online shop, Palmer shares her five tips for anyone looking to launch a business on the side.
No. 1: Figure out what you have to offer.
Before starting your own business, Palmer says it's necessary to get a sense of the overall market, and where you might be able to fit in.
"Go to popular ecommerce sites like Etsy, or sites like Fiverr, Elance or Freelancer.com, to see how people are making money," says Palmer. (Fiverr is a marketplace for online services costing $5, while Elance and Freelancer.com help people find freelance gigs online.) By exploring online marketplaces, Palmer says budding entrepreneurs can better understand what they might be able to offer that's unique, or how to price services that others are offering.
No. 2: Keep costs down.
Palmer says a common mistake first-time entrepreneurs make is spending too much to get a business off the ground.
"It's easy to take advantage of existing ecommerce sites," says Palmer, like Etsy or eBay. By setting up shop on one of these platforms, Palmer says entrepreneurs can bypass the need for a potentially costly website.
No. 3: Identify your weaknesses.
While you may be an experienced graphic designer, you may not have a lot of marketing or sales experience. Once you figure out what you don't know, Palmer suggests connecting with other entrepreneurs online to improve your own abilities.
"I copied what the people I admired were doing," says Palmer. In her case, the key to marketing her money workbooks was getting coverage on popular online blogs aimed at mothers; by reaching out to these writers, Palmer was able to increase sales.
No. 4: Test the marketplace.
"It's hard to know or predict what customers want," says Palmer. She says soliciting feedback from clients can help you figure out exactly what's going to resonate with your target audience. In her personal experience, Palmer started out selling paper money planners, but soon discovered that buyers were more interested in online money workbooks.
No. 5: Embrace challenges.
If you're a first-time entrepreneur, it's unlikely you'll hit it out of the ballpark on your first try. However, Palmer says new business owners can't let early-stage struggles get them down.
 "Know there will be failures and bumps along the road. Being entrepreneurial means there's going to be rejection. It just means you have to tweak things or slightly change what you're offering," says Palmer.

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