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Some people think farming is not a viable business option as it requires quite a bit of land in the country, an initial investment, and a mindset to work hard. If you have a barn or spare rooms nearby your farm, think about turning them into a bed and breakfast. This is the old tried and tested way to make more money.  Get a part time job at your favorite store then you can earn extra income and get a discount on your must-have items. Sign up below to get the latest from Creative Bloq, plus exclusive special offers, direct to your inbox! Creative Bloq is part of Future plc, an international media group and leading digital publisher.
Adopt a profitability culture – You may not realize it, but your culture may be what keeps you from growing, or becoming more profitable as you do grow. Embrace thought leadership– Many firms have become commoditized, forcing them to bid on projects with low margins, and setting them up for potential budget overruns, and low or negative profits. Prepare better estimates – Estimates are the key to the entire project, forming the basis for the proposal, contract, scope, and budget. Improve time management – Good time management is critical to successful project management and profitability. Manage the project scope – In order to make a profit you must control project costs including labor, expenses and subs, within the scope of the contract.
Improve systems – If your firm is using outdated systems for capturing time and expenses, managing projects, preparing proposals and managing resources, chances are your projects could be more profitable. Develop your PMs with Training – Today’s project managers have many different responsibilities – some that are not on their job description. By looking at your business through different eyes, and continuous effort to improve, you will be able to save the company money, and improve the quality of your services and client interactions. What are you going to focus on this month that will help your firm improve processes and increase profits? June Jewell is the author of the book “Find the Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms”.
Schedule your Find the Lost Dollars Consultation with June Jewell, CPA, author of Find the Lost Dollars: 6 Steps to Increase Profits in Architecture, Engineering and Environmental Firms. Discover where your dollars may be hiding and how to stop the leaks in profitability we've seen in over 25 years of working with AEC firms.
Taking things back to basics, there are only three ways you can make more money in your business. Statistics show that it is seven times more expensive to get a new customer than it is to encourage an existing customer to buy something more from you. Using 30+ years of experience Kathy Ennis works with small or micro businesses owners, freelancers or self-employed individuals to develop their business foundations and processes, as well as all the aspects of creating a strong company and personal brand that will reach their target audience and underpin highly effective, profit boosting marketing strategies. Through a whole series of highly effective business growth activities that can include developing an initial business idea, creating a truly achievable Business Plan, business branding, personal branding, engagement marketing, pitching, public speaking, social media management and website development – and much, much more. All this is delivered in ways that are easy to accomplish, cost effective and accessible to smaller businesses. If you want to make more money in 2015, and beyond, then follow these basic principles and you’ll be on your way to making money. Surround yourself with like-minded individuals: I think this is something that’s often overlooked in trying to make more money. BufferIf you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed. It might sound obvious, but if you’re looking to make room in your closet and pick up some extra bucks, your best bet is to go the resale route and sell your unwanted clothing online. Of course, you can always try your hand at offering somewhat offbeat services for things you know you’re good at but never thought could make you more money, like professional organizing, personal shopping, or pet-sitting. Perhaps the most painless and the most effective way to make more money: Drop your loose change into the same jar at the end of every single day. This doesn’t mean giving up your day job, but rather taking courses to get certified in something you love, so you can teach it to others part-time. There’s a reason why over 40 million people rely on Craigslist to sell everything from bikes and fitness equipment, to furniture and knick-knacks. If you’re a talented artist, seamstress, or jewelry maker, think about making cool prints, greeting cards, clothing, or accessories to sell on sites like Etsy. These moderated roundtables that solicit people like you to offer your opinions on products have gotten a bad reputation over time, but the fact remains that good ones pay between $50 and $300 an hour. Even if you have a 9 to 5, looking into freelance gigs—writing, copywriting, graphic design, interpreting, illustrating, web design, the list goes on—can be an amazing way to hone your skills and make more money while you’re at it.
Many city dwellers would love to get to know the countryside, and they may love staying in a bed and breakfast adjoining a farmland. You should identify the types of freshwater fish that could be farmed in your land and their habitat requirements. For instance, if you are planting tree crops spaced a few feet, in between them you can grow some other crops such as beans or vegetables. Get paid fasterCash flow is king when you're freelance, and just a single late payment from a client can cause huge repercussions for small businesses. You can unsubscribe at any time and we'll never share your details without your permission. The beginning of a new year is a great opportunity to gain a different perspective and a more effective business management strategy.
We all suffer with the same issues – fear of and resistance to change, limited time and resources, a fast changing economic and technology environment, and limited expertise in financial and business management. Here are eight areas you can focus on;  each on their own can grow revenue, reduce expenses or increase project profits. The key to getting out of this trap is to differentiate your firm by looking for ways to focus your marketing around your firm’s expertise, and promote your thought leadership.


If you use old rates, or the rates implicit in your fee estimates are too low, you will set your project up for failure to begin with. Time sheets affect every aspect of the business including project reporting, billing, payroll, PTO accruals, employee performance management, overhead rate calculation, and capturing and billing extra services.
Many project managers (PMs) don’t have effective processes for communicating the scope to the team, monitoring real time costs against budget, and recovering extra services. There is a direct relationship between effectively using technology, and firm growth and profitability. If you interview your staff and evaluate how they spend their time every day as they engage with clients and work on projects, you will discover inefficiencies that can be streamlined through process improvement.
She is the President of AEC Business Solutions, a firm focused on helping Architectural, Engineering and Construction firms make more money on their projects and develop their next level of leadership.
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But, if you want to make more money this year then you’ll want…no you’ll need to think outside the box.
If you’re looking for ways to make more money this year, following some or all of these tips will take you to where you want to be.
I'm passionate about helping people learn from my mistakes so that they can enjoy the freedom that comes from living frugally. And while sites like eBay and Etsy are wonderful, there are loads of newer, more streamlined online consignment or resale sites and apps that optimize your chances of raking in the cash, such as Poshmark, Threadflip, and Tradesy.
While most only accept fairly high-end items, there are some quckie resale stores like Buffalo Exchange and Beacon’s Closet that pay you on the spot for in-season stuff you bring in from all types of retailers, even those like Zara and J. Putting up flyers in your neighborhood’s supermarkets, community bulletin boards, and local schools is a great place to start, as is asking neighbors with kids if they know anyone looking for some extra help. Offer up your apartment or house using a reputable service like AirBNB if you know you’re going out of town for a night or a month. Start listing everything you don’t need—even large lots of books, DVDs, records, and other collections—odds are someone in your area wants it. However, there is of course charm in being out in the open and working with the nature on a farm.
Although the level of comfort you offer depends on the people you are trying to attract, this is definitely a way to earn some extra cash using your farm. When you venture into additional markets, you will get more contacts, which will then help you explore even more opportunities. So getting paid on time is crucial - and that involves being organised and invoicing promptly and politely.
While we are all in business to make money, it is amazing that we persist with business practices that do not optimize our employee productivity, project profits, or marketing success.
With our economy improving and firms growing again, there are more challenges in trying to ensure that our growth is profitable. In my book, “Find the Lost Dollars,” I show the financial impact of just a 1% increase in your win rate, utilization and project profit margin. Looking for ways to constantly improve your people, processes and technology is critical to competing in today’s A&E market. The best ways to do this are through PR, blogs, social media and speaking engagements to become a recognized expert in one or two key areas. Start with good estimating processes and templates, and ensure that there is consistency in the way that your estimates are prepared and approved.
Special attention to the processes your firm uses to manage scope creep will pay off with higher profit margins and less problems with clients on projects.
It is critical to keep up with software updates, and ensure that your employee’s daily tasks are as automated as possible. I recommend that you take a good look at what your PMs do every day and understand if they have the skills to excel in their roles.
An employee assessment, especially one that is anonymous, can help you uncover where your business operations and processes are weak, and help you understand where to focus your attention. Anywho, with it being the start of the year I know many of us are setting goals for the New Year.
If you’re looking for a “how-to” post, there are many on the site you can check out, but today we’re getting fundamental. That’s not to say that it’ll be easy or simple, but it can be done if you’re willing to put in the work and effort. Same goes for teaching things like an instrument or voice lessons, if you’re skilled and think you can teach a beginner.
Don’t forget to look for coins under cushions, in drawers, in bags, and in coat pockets, too. Think about becoming a certified personal trainer that makes house calls, or a freelance nutritionist. Many farmers, although they love the business, struggle to make ends meet with the money they make from their farms.
The golden rules for invoicing are to always stipulate payment terms upfront, setting out how many days you expect to be paid within, and any further expenses that are due. Setting goals, regularly reviewing key metrics, and holding employees accountable is a culture change that will guarantee profits as the firm grows. LinkedIn is an excellent way to start to build a presence online and connect with other thought leaders in the industry. I hear many principals tell me that as many as 50% of their PMs are losing money, mostly because of scope creep, and lack of business skills to manage projects profitably. Strive to tackle one problem or issue every quarter and you should see measurable results in just one year.
Seeing as at least 34% of New Year’s resolutions are, according to Statistic Brain, financial in nature, I’m assuming at least one of your goals involves making more money in 2015.


Yes, there may be times where the doubt may be warranted but often times we can easily justify the doubt which only holds us back. If you're wanting to learn how to monetize your blog, check out my blog coaching services to see how I can help you take your site to the next level.
You should also warn your clients about interest on late payments, and always, always, always invoice as soon as the work is signed off. Help your employees to get the most value from every minute in their day, and look for ways to automate common tasks and processes. Business and project financial management training can go a long way towards improving your PMs daily behavior, and give them specific skillsets to manage budget overruns, and improve project performance. If you’ve been thinking of starting a new side hustle or adding a new offering, then start now. Not only am I encouraged and challenged to keep on my path, but those I’m running with are encouraged and challenged as well. We try our best to provide up to date information, but it could differ from actual numbers. While it’s not always realistic for folks with full-time jobs to seek out second and third jobs, there are plenty of ways to learn how to make more money that require doing so on your own terms. Not only will this allow you to create your own niche, but it also allows you to scale your offerings so you can make more money. Doubt tells you that you don’t have the skills, or that no one would pay for whatever service you’re offering, or that no one would come to you for help and much more. When you place yourself in the company of other like-minded individuals you never know what can take place out of the synergy that’s created. Per FTC guidelines, Sprout Wealth may be compensated by third party companies that are mentioned either through advertising, reviews, affiliate programs, or otherwise.
DiversifyHaving multiple paying side-ventures is the trick here, with lots of little income streams helping make one larger pot. The result is that our money making efforts begin to take a back seat to those things that pop up. All reviews and articles of our personal opinion and no compensation will sway our opinion.
However, if you attach a goal to your desire to make more money there is far less likelihood you’ll be inclined to give up.
But by capitalising on your design skills outside of the paying client world means you can you can avoid putting all of your income eggs in one basket. For example, you could create some WordPress Themes and sell them; or design some icons and PSD templates.
Put a picture of what it is you’re wanting to reach in front of you – whether on the mirror, on your computer or wherever else you’d like and use that as a reminder of why you’re trying to make more money and you’ll see an emotional attachment form that will drive you to succeed.
Stock sites are always willing to take vector graphics and photography, though their rates are woeful compared to what they once were.03.
Go LimitedIn the UK at least, recent law changes mean that the most tax efficient set-up for any freelancer is as a Limited company. This works really well for freelancers, as it means you can subcontract at agencies as well as billing for direct work from clients. It also means you avoid working through umbrella agencies which will take a percentage fee from your day rate, as well as PAYE and tax.
If you're serious about your freelance career, either a Limited company or Limited Liability Partnership is the best means of making better profits.04.
Job boardsLet's be honest, they hold a dark and depressing reputation in some quarters, but creative jobs boards can often offer up a diamond design project from the small jobs rough. Elance, oDesk, Krop and a multitude of other networks have done much to improve and sustain creative jobs boards and the freelance marketplace.
They're certainly less competitive, and while rates might be lower there's hundreds of small jobs available for designers willing to take them on.Sites like Elance can be a great source of extra income05. Local colleges and evening classes are a great place to start - especially if you feel comfortable teaching a complete course and not just a specific skill. Think six-part evening classes in web design rather than a one-off Maya compositing workshop. There's a burgeoning industry in how-to YouTube channels too, with some enjoying more than 100,000 subscribers. And don't forget sites like CreativeBloq who'll pay for expert writing, tutorials and insight.06.
Hire an accountantOne way to make more money at the end of your financial year is to save it. Getting your financial dealings in order takes investment - but it is always worth it - because a good accountant will amaze you with their ability to identify your revenue patterns and claim back tax paid on legitimate business earnings. Depending upon how you've set up (as a sole trading freelancer or studio business), your accountant will not only help you get your earnings in order, but also suggest ways on which the business can grow in the next financial year.07.
Yes, China, Russia, Brazil and India are growth nations with staggering commercial opportunities, but the likelihood is work will be hard to find, dealing with remote clients in new cultures can be difficult, and tax implications might not make billing as straightforward as it should be.
New markets can also mean growth areas within the industry too - for example mobile app design or info graphic work. UpskillLook at the most profitable areas of design, such as 3D animation, motion graphics and mobile UX design. If you can train yourself - or invest in professional training - you can capitalise on this sellers' market.
Remember though, it's always best to advertise your core skillsets for professional client work, but that doesn't mean you can't set up a separate company for any further areas you might want to work in even if you're not claiming expert proficiency.Words: Tom DennisLiked this?



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