Join Tom Geller for an in-depth discussion in this video Estimating costs, part of Freelancing Fundamentals.
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Even if you've decided to keep your job while freelancing, it would be wise to…figure out how the start-up will affect your finances. Because no matter what,…you're going to have some new expenses.…I've created a spreadsheet to help you figure this out.…It's in the exercise files.…Use this cost-analysis worksheet to estimate your own costs as we go through the…most common expenses.…First are the large, infrequent costs such as equipment.…That could include a new computer, software or a desk.…Basically, anything you'd normally find in a workplace but don't own yet.…
It also includes necessary certifications and one-time professional services.…These comprise the bulk of your start-up costs.…The second kind of expense is recurring costs, such as utilities, subscriptions…and monthly insurance payments.…Keep in mind that as a freelancer, your phone and Internet bills are likely to…increase along with your home utilities, if that's where you'll be working.…Third are occasional costs, such as those for conferences, training and…
A bonus chapter covers common questions freelancers have when entering the field.
- What is freelancing?
- Defining your career goals
- Funding your startup
- Getting licenses, permits, and insurance
- Setting prices
- Finding work through agencies
- Getting referrals
- Working with time and project management tools
- Increasing your rates