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Are you ready to do the following, because people take the following for granted at a corporate job. - setup business entity - bank account - legal documents
by alberth 4y ago
Are you ready to do the following, because people take the following for granted at a corporate job.
- setup business entity
- bank account
- legal documents
- working with a lawyer to get template contracts in place for customers
- invoicing software to bill your customer
- chasing down your customers to actually PAY you
- SALES SALES SALES SALES (all things related to winning work because it's NOT easy)
- filing state, local, federal taxes
- having to create EVERYTHING yourself (decks, SOW, contracts, web site, marketing materials, and more and more and more0\)
If you don't like Business Admin work - don't go solo. Because going solo it truly 90% admin work, and only 10% "fun" work (and that "10%" is assuming you have a good client)
- Vanderson 4y agoWhile I agree with your list, it's not _always_ going to be 90/10. Day to day work is the opposite, 10/90, especially if you have a lot of production to get done. (then it can be 100% fun for stretches of time) It's the feast or famine issue. When you don't have enough work, you are required to do sales to stay in business. Do enough sales, and have enough repeat work, and you may find you have no time for sales, and may not want any more customers. It all depends on your customer base and the type of work you do. Also, I loved repeat/consistent work from known customers because the documentation and paperwork burden plummets dramatically. Sometimes to nothing more than a phone call/email to start work, and invoice when it's done.
- amelius 4y ago> SALES SALES SALES SALES Perhaps someone can build a nice app or platform to take care of that part of the job for the rest of us.
- raptorraver 4y agoIn Finland it’s very common that freelancers find they’re gigs through agencies. They take they’re cut (for me around 10€/h) but they handle the boring parts - sales and invoicing.
- amelius 4y agoSounds interesting!