Join Tom Geller for an in-depth discussion in this video Estimating costs, part of Freelancing Foundations (2013).
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
Skill Level Beginner
Q: This course was updated on 3/20/2013. What changed?
A: We added a bonus chapter that covers common questions freelancers have when entering the field, such as "How do I use Craigslist or other job boards to grow my freelance business?" and "How do I find clients?"
1. Making Plans
2. Marshaling Resources
3. Satisfying Requirements
Creating contracts4m 23s
4. Handling Money
5. Getting Clients
6. Doing the Work
7. Managing Time
8. Keeping the Business Healthy
Next steps2m 5s
10. Bonus Chapter: Q&A on Freelancing
Freelancing Q&A12m 42s
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