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Moving You Up And To The Right

Welcome back to The 2x2 - the ultimate newsletter for independent consultants! We're here to ignite your imagination, empower your expertise, and make this Twosday an unforgettable day of discovery With curated tools, in-depth solutions, groundbreaking new methods, and a dash of coolness, we've got your consulting prowess covered from every angle.

Get ready for a quadruple dose of awesomeness as we dive into this edition.

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1. Got Playbook? Business Wins Await!

For independent consultants, the context and needs of your business playbook can be different than larger organizations. Here are three essential elements tailored to our unique situation:

Defined Services & Value. Clearly outline what you bring to the table. Your services and unique edge should be evident, making it easier for potential clients to understand your worth.

Client Engagement Blueprint. Think of it as a map. From the first handshake to project wrap-up, chart out a consistent and effective engagement process. This ensures a positive, repeatable experience for every client.

Resource & Tool Repository. You're a one-person army, and every army needs its arsenal. Keep a curated list of your go-to tools, best practices, and resources. It’s about staying efficient and ahead of the curve.

A balanced playbook: where clarity meets charisma, and where the profits roll in.

P.S. Chat GPT is your friend in this process. Use it both to clarify your thinking and to craft the doc.

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2. The Premier Lacrosse League is Disrupting the Business of Sports

PLL is shaking things up! In just a short time, they've made traditional lacrosse models look, well, a tad old-fashioned. Remember Major League Lacrosse? The PLL has pretty much outplayed it.

Founded by lacrosse pro Paul Rabil in 2018, the PLL aimed to treat players better with competitive salaries, benefits, and, wait for it... equity ownership! This isn't just a league; it's a revolution. And they took it up a notch with their tour-based model, eliminating stadium costs and making games a traveling spectacle.

The real treat? Their tournament style. It's nostalgic, taking fans back to their youth games, but with the pros now. Mic’d up players and on-the-field interviews are the cherries on top. Viewership? Skyrocketing! NBC featured games, and online streaming saw impressive growth.

What's the secret sauce? Players having equity means they're all-in. Combine that with the tour-based model and tournaments, and you've got a winning combo. The PLL isn't just changing lacrosse; they're setting an example for all sports leagues.

In short, PLL's journey says one thing: in the world of sports, innovation is always in play. Lace up, world; change is afoot!

Want to read our full business breakdown? Apply now to TheConsult.co.

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3. The Conversations You Should be Having With Your Accountant Now That You’re Self-Employed

Diving headfirst into the world of self-employment? Woo-hoo! But as you surf those financial waves, here are some chats you’ll want to have with your accountant (and trust us, you don't want to be doing your own taxes now):

  • Business Structure: Should you be a sole proprietor, an LLC, or flaunt a fancy corporation title? Weigh the pros and cons!

  • Tax Deductions: Got a home office? Bought a snazzy setup? Talk about those sweet, sweet write-offs.

  • Estimated Taxes: Quarterly tax payments – it's like subscription billing for the self-employed. Keep them penalty-free!

  • Record Keeping: Which receipts to stash and which to trash? Crack the code of impeccable bookkeeping.

  • Retirement Planning: Because even self-employed mavens need a chill-out plan for the future. SEP IRAs, solo 401(k)s, anyone?

With the right accountant by your side, the financial labyrinth of self-employment transforms from a daunting maze to a walk in the park!

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4. Get Off Your Ass!

Really, there’s nothing to add here. Sometimes a picture is all you need. You’re welcome.

Remember, the path to success is paved with continuous learning and embracing fresh perspectives. So let's stay connected, share ideas, and elevate your consulting business.

Stay curious, our friends.

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