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Looking for practical ways to reach financial success when pursuing a non-conventional career path as a solopreneur? Due - Due Being a successful solopreneur isn’t simply about having a marketable business idea that can withstand competitors. It is about having a thorough plan and processes in place to see financial growth and stability in the initial year and beyond. It is possible for non-conventional career seekers to reach their business goals and financial success in the modern age. However, it takes a significant amount of discipline, dedication, patience, organization, and due diligence. To begin your successful financial journey as a solopreneur, check out these ten practical ways to effectively approach and manage your business. 1. Brainstorm your SMART goals and objectives. To be a successful entrepreneur, you need to have strong business, marketing, and financial plans. These must include your mission, SMART goals, and key business objectives that will guide...

Angie Noll is the Owner of Reconciled Solutions. She is a Certified Profit First Advisor and has an MBA from Loyola (Chicago). Fall is in the air, and I’m breathing in the scents of fourth-quarter planning. As an entrepreneur, I revel in wiping the slate clean. This is when creativity and dreaming flow. And as the owner of a company that specializes in bookkeeping and profit acceleration, I think this is a particularly good time to create your sales forecast for the upcoming year. Before getting started, I suggest taking stock of the past 12 months, noting market changes and measuring how you were able, or unable, to adapt. Entrepreneurship is a fluid journey, and the outcome of even the best-laid plan will never fully match up with the goals you developed in the prior year. It’s crucial to be able to look back at last year’s plan and identify where changing circumstances made some fluidity necessary. How did shifting your plans impact your volume, margins, energy levels and ...

Your special someone is an amazing person who has improved your life in more ways than one -- including financially. Maybe you were decent at managing money before you met them, but they helped you become even better or perhaps your finances were a mess until they stepped in. No matter the situation, you received at least one valuable financial lesson from them that changed the way you view money. Now that you're a more responsible spender, less stingy or better at putting money aside for savings, you'd like to share your experience with others. This is great, because your partner's savvy financial advice also can have a positive impact on plenty of other people. Hearing how their advice helped you can inspire others to make changes they've been putting off or didn't even realize they were capable of achieving. Or, perhaps you're the one who imparted the financial wisdom that changed your partner's life. Regardless, sharing these tips with others --...

Even though the economic situation has become more stable now, many Americans keep on being in precarious financial shape. The pandemic has made thousands of people lose their jobs, become temporarily unemployed, and rely on simple fast loans when they are pressed for cash. Even today, many of them struggle financially and can’t pay their bills. Seven in ten people struggle with at least one aspect of financial stability, a new survey by the Financial Health Network finds. If your family struggles financially, here is what you can do to improve this situation. Why People Struggle Financially The Financial Health Network, a nonprofit financial services consultancy, conducted a survey of 5,400 Americans. This survey asked questions about the financial health of the respondents including the way they manage bills, income, savings, and debt. “The American economy has experienced a certain growth this year. However, many consumers still are still concerned with money issues,” m...

Try A Reverse Bucket List To Kick 5 Financial Habits That Are Slowing You Down Previously, I’ve written about creating more time for the things are truly meaningful to you by saying “no” to tasks, activities, distractions and time wasters that don’t further your goals. Recently, I came across an interesting article by Harvard professor and columnist for The Atlantic, Arthur C. Brooks, about finding satisfaction in life. Brooks refers to satisfaction as one of the core “macronutrients” of happiness (the other two being enjoyment and meaning). He talks about why the quest for satisfaction can feel so elusive and fleeting, ultimately leading us to continually want more money, possessions, fame, power or whatever else we think will lead to feelings of personal fulfillment. He believes the secret to satisfaction lies in managing our wants. By managing what we want instead of what we have, we give ourselves a chanc...

A new white paper by Harvard Business Review Analytic Services outlines how financial services firms will need to continue building out and coordinating digital delivery channels to keep pace with consumers’ rising expectations. The pandemic presented the need for consumers to rely on technology, prompting many financial institutions to accelerate their digital transformation efforts. Hence, a new digital reality has emerged as the world takes the road to recovery after COVID-19. In the financial services industry, digital capabilities have become pivotal to meet and address the changing expectations and needs of consumers. Digital is here, and it’s here to stay. For financial services firms, the importance of digital adoption has never been evident, and so is the need to ensure optimal customer experience. As consumers acquaint themselves with what digital could do for them, their wants and expectations continue to rise—they expect frictionless digital experiences and state-of...

August 17, 2021 6 min read This story originally appeared on MarketBeat You know the long list of investment regrets: Not starting to invest soon enough, selling at the wrong time, going for the safe option, et cetera, et cetera.  However, the only path forward can sometimes involve… well, simply moving forward. Here's how to deal with the investment regrets you sometimes encounter at any point during your investing life and future. Tip 1: Keep your goals top of mind. What goals do you have for your financial future? Do you want to save enough money to retire by 60? Have money to send your kids to college?  Whatever missteps you made in the past, you can wipe them out by becoming completely goal-oriented. Figure out how much you need to invest using MarketBeat's retirement calculator, then break that amount down into monthly contributions. Let's say that in order to retire by 60, you need to save $40,000 per year. Break that into a monthly contribution. In t...

Erin Scannell Ameriprise Assembling winning teams hinges on establishing a winning culture and recruiting talented young prospects, but wealth managers face the challenge of matching the pay and pizzaz of Tesla TSLA , Google GOOG , Amazon AMZN and Facebook. “It is all culture over process,” said Nestor J. Vicknair, founder of the VMT Wealth Management Group with Merrill Lynch in Houston. Added Erin Scannell, founder of Heritage Wealth Advisors: “We are living and breathing the old Peter Drucker quote of ‘culture eats strategy.’” Scannell and Vicknair, both Forbes/SHOOK Top-Ranked advisors, spoke at the June 3 Forbes SHOOK Virtual Top Advisor Event titled “Forging Ahead.” Heather Crist, head of field engagement at UBS Wealth Management USA moderated the session. Nestor Vicknair Both Vicknair and Scannell manage large teams. Scannell, who is affiliated with Ameriprise Financial AMP , said his firm has 68 team members and close to $3 billion in assets while Vicknair said he o...

CEO and Founder of QA Madness, overseeing tech startups and seasoned players` business processes and software quality assurance globally. Recently, I discussed smart spending with my team. This conversation reminded me, once again, that taking care of your personal budget and taking care of your company's finances aren't much different. The contexts and figures vary, but the guiding principles are the same. Even though I'm not an accountant or financial advisor, my experience founding and running a software testing company has taught me valuable financial lessons that I believe could also help aspiring entrepreneurs: 1. Record your expenses. For personal matters, you can use a money management app. Be disciplined, and keep track of every single purchase you make. Create plenty of categories and subcategories to get a clear picture. Seeing a clear picture will make it much easier to plan the monthly budget in the future. It is equally important to record business ...