Archives

Choosing a Business Credit Card

February 27, 2020 7:21 pm Published by A business credit card can make tax accounting and expense processing easier for your independent consulting firm. In addition, many offer perks, such as a Priority Pass.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide

Obtain Disability Insurance

February 27, 2020 7:18 pm Published by Disability insurance protects you and your family should you become sick or injured and unable to continue working in your business.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide

Getting Life Insurance

February 27, 2020 7:17 pm Published by Life insurance protects your business legacy and your family’s financial future — crucial as you launch and grow your independent consulting firm. But shop around. Prices vary significantly.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide

Set Up a Retirement Account

February 27, 2020 7:16 pm Published by Independent professionals in the U.S. should consider setting up an SEP-IRA, which allows you to make an annual pre-tax contribution of up to 25% of your salary (to a max of $57,000 in 2020.) Those able to save more can consider setting up a defined benefit plan.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide

Set Up a Business Checking Account

February 27, 2020 7:15 pm Published by To keep business and personal funds separate, it’s best to set up a business checking account. You may find that an established bank often provides more business services than your local bank or credit union.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide

Calculating Your Cash Cushion

February 27, 2020 7:14 pm Published by Having a cash cushion of six to 12 months is ideal before going out on your own as an independent consulting. It may take time to develop a book of business, and you want to avoid taking on projects that aren’t a good fit just because you need the cash.

Already purchased the Guide? Sign in

Get Lifetime Access to
The Umbrex Guide to Setting Up Your Own
Consulting Practice
90 Videos
30+ templates and tools

$500

Purchase Guide