Freelancing

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Five Ways to Kill It as a Freelancer

It used to be that if you described yourself as “freelance,” people didn’t take you seriously. Not anymore. A recent survey by the consulting firm MBO partners estimates that by 2020, at least half of the country’s workforce will have gone...

Document Your Agreements

If I can point to the one thing that probably led to over $1,000,000 worth of mistakes that I've made in my businesses (and I have the debt to prove it), it was that I spent little, if any, time documenting agreements. Documents, records, and...

Saying ‘Yes’ Pays Off

When I moved to Philadelphia a year ago, I was broke—25 years of living in New York, the past five of it as the breadwinner for my family, can do that. Don’t focus on making new friends, I told myself: "Make money" Yet my first move was the...

How to Get Paid

Think sales is the hardest part of running a services business? Wrong. Cashflow is harder. You're entitled to a downpayment. Don't wait until the end of a project to send an invoice. As part of your negotiation and written contract, specify...

The Scoop on Home Office Deductions

Ah, that pesky home-office deduction. For those who work from home, it can be a valuable tax break, but it’s also a tricky one—especially if you own your home. Want to check it out? First, let’s see if you’re eligible.You qualify for the deduction...

Don’t Forget: Freelancer Tax Forms Are Due Jan. 31

Was this the year you started subcontracting out business as you brought in more clients? Congratulations! Now, don’t forget to send your freelancers an important tax form by Jan. 31. If you or your company paid more than $600 for services to...

Do You Really Need That Tough Customer?

So how can you avoid unrewarding clients and projects in the first place? I asked my brilliant Twitter friends for their personal red flags: @sarahjbray knows it's time to run when a potential client says, "It should take no time at all!" You're...

A Friendly Way to Raise Capital

Crowdfunding offers a number of benefits: It’s a cheap, quick way to raise small amounts of cash. It’s also a good way to get the word out about your product or company. Last month, we raised more than $16,500 to set up better production tooling...

A Cost-Benefit Analysis of Face-to-Face

Attorney Maia T. Spilman launched her own practice in 2001. At first, she loved working from home. But soon, one file cabinet grew to four, her fax machine rang through the night, and anytime friends came over, there were confidential papers to...

Know Your Worth—AND Your Value

Devising a pricing strategy? Let’s go back to class. Math and psychology, specifically.  Create a formula Designer and craftswoman Megan Auman uses a formula to determine the minimum to charge: Materials + time/labor + expenses + profit (The...

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