My favorite part of running a small business as a freelancer is one can accomplish learning, pursuing hobbies simultaneously while building a life-long brand that will generate passive income even when one retires subject to the right moves. By eliminating the effects of politics in the workplace, one can be more productive and feel more confident in one’s core ability. Here are the five quick tips:
(1) Own WordPress website with relevant plugins
Own your own website. Despite the advent of social media, here are the reasons for owning your own website:
The easiest and the fastest way to launch your own website/online store is using website builders like the ones by GoDaddy:
Having said about website builders, still, I believe WordPress is the best platform for any freelancer or small business in the long run which too is easy to operate with a host of plugins to choose from and almost no coding knowledge needed. All our websites including this one are powered with WordPress. At Splendid Digital Solutions, we recommend among other plugins, OptinMonster (lead generation software), WPForms (drag & drop form builder), MonsterInsights (intuitive analytic dashboard for Google Analytics data) RafflePress (giveaway plugin), all from the team behind WPBeginner, the free WordPress resource site for beginners.
Consider this OptinMonster giveaway operated from this site powered by RafflePress.
(2) Leverage accelerator programs like Startup India and consider forming an OPC
For India, based on the current economic environment, leverage StartUp India program that provides a learning and networking opportunity as well as a host of benefits not only from the government but also partners including Amazon Web Services, Zoho, MyOperator to kickstart your small business. You can enroll in this program either as an individual or a company.
With the introduction of OPC (One Person Company) in 2013, I would recommend OPC as keeping your business separate from your personal financial identity may benefit you leverage more financial benefits while keeping you motivated to grow big.
Steps in forming a One Person Company (OPC) in India (based on our experience incorporating Digital Splendid OPC Private Limited)
(3) Align with a workspace and co-working solutions service provider
While OPC is a great way to boost your brand, another idea for freelancers or small businessmen operating from home is to align with a workspace and co-working solutions service provider like Regus.
Saving one-month rent while new office to rent under traditional mode and an alternative co-working solution
(4) Stay enrolled with learning programs
As part of continuous learning, stay enrolled with programs like the ones by edX:
(5) Deploy accounting software and payment solutions
When it comes to accounting, leverage payment gateways like PayTm (only India) and PayPal (national/international transactions). For freelancers in the United States, QuickBooks has come out with a special package for freelancers:
For India, QuickBooks comes with GST ready online accounting and more…