Accounting is a huge field in itself.…Some people study it their whole lives.…In this video, we'll only scratch the surface both in terms of its concepts and…the tools available, but let's start with some basics.…First, accounting is just numbers.…Although money has a big effect on how you live, you can use math to stay in control of it.…That ties in with the second point. You can't beat math.…If you have a $1000 and you need to pay $1500, you'll have to find that other…$500 somewhere or make some other arrangement.…
Let's move on to the tools you'll use to do that math.…First, I assume that you already have a bank account as I discussed earlier.…You'll probably have other accounts such as credit cards, a savings account…and perhaps a loan.…Because a lot of these account records will be on paper, you should have a…paper filing system.…But the paper is mostly just for your archives.…In day-to-day use you're going to use accounting software.…All the systems I'll mention here can handle multiple accounts just fine.…
Author
Updated
3/20/2013Released
1/30/2013A 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
Duration
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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?"
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Introduction
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Welcome1m 49s
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What is freelancing?2m 53s
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Preparing your mindset3m 31s
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1. Making Plans
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Defining career goals2m 48s
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Sharpening your market focus3m 18s
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Transitioning to freelancing3m 18s
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2. Marshaling Resources
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Preparing your portfolio3m 11s
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Estimating costs3m 10s
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Funding your startup2m 42s
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Establishing your workspace3m 35s
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3. Satisfying Requirements
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Creating contracts4m 23s
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4. Handling Money
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Setting prices3m 13s
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Establishing payment systems1m 36s
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Invoicing and getting paid3m 50s
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Keeping the books2m 32s
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Managing taxes1m 43s
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5. Getting Clients
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Announcing your availability3m 16s
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Onboarding clients2m 59s
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Avoiding scams3m 25s
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Choosing assignments2m 59s
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6. Doing the Work
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Interacting with clients2m 11s
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Delivering quality work2m 28s
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Losing and firing clients4m 14s
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7. Managing Time
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Deconstructing big jobs3m 34s
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Creating schedules2m 30s
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8. Keeping the Business Healthy
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Staying motivated3m 3s
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Increasing your rates2m 52s
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Building passive income3m 48s
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Changing focus3m 57s
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Conclusion
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Next steps2m 5s
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10. Bonus Chapter: Q&A on Freelancing
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Freelancing Q&A12m 42s
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Video: Keeping the books