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Great post. I'm curious what other self-employed people are doing. My typical work week the last 5-7 years is 15-20 hours on 2-3 projects of typical 3-month du
by apercu 5y ago
Great post. I'm curious what other self-employed people are doing.
My typical work week the last 5-7 years is 15-20 hours on 2-3 projects of typical 3-month duration.
I turn down A LOT of projects.
I an a hybrid consulting analyst/business analyst that does business process design and integration specification.
ALL of my clients want ALL of my time right now. I did 4-5 months of 50 hour weeks and then just said, "STOP".
I then told ALL of my clients that if they want priority access to my time and more than a day a week they need to commit to monthly retainers (large ones) that they can cancel at any time with one month penalty.
Most were like, "ok, we'll figure something else out" (because corporations would rather have record profits than sustainable businesses).
One I am still negotiating with. But since I put a premium on time instead of money it's not really a negation, it's more like "here are my terms."
If you are any good at what you do maybe you also need to decide what is important to you and then find a company that will meet you there.
But even though this is slightly off topic I am curious what other small consulting practices and freelancers are doing to maximize their income right now. In my mind this is like 1998-2001 where I made A LOT of money. If I am going to work hard right now I will not be doing so to make rich people more wealth but rather to increase my coffers so I have even more freedom to say NO.
- Gortal278 5y agoIt's sounds like you need to increase your prices
- apercu 5y agoI have. 25% increase.
- codegeek 5y ago"I will not be doing so to make rich people more wealth but rather to increase my coffers" I am just a stranger so take this with a grain of salt but I suggest changing this mentality. Don't worry about rich people creating more wealth because rich people will always do and it is not a binary game. Try to think of a win-win situation where you can make shit ton of money regardless of whether rich people make more money or not. That will work much better. Instead of having "Rich vs poor" mentality, have a "They can do it so can I and even if that means working together/mutually". I think we can see more success if we work WITH the rich, not against them.
- apercu 5y agoSorry, I didn't express that well. I don't want to make rich people richer while they are actively trying to suppress my income in order to make their margins bigger. Because that's been my experience for the last 15 or so years.