This is the third part of this series which continues with the Sins that many freelancers commit resulting in a total bankruptcy of their business. This part will deal with the importance of planning ahead. As planning is more or less important in every sphere of our lives, when the situation is in a freelance business environment, failure to properly ‘Plan’ can bring about unwanted consequences.
You may be severely busy with the main tasks, contacting the clients and managing other stuffs. But, you have to remember the big picture and final destination to which your business is progressing. Without a clear objective and a blueprint about how to reach there, the business will eventually fall flat.
Be Careful About Tax Issues
This situation is simple and straightforward to estimate when the income is from 9-5 regular job. However, when it is not, then the calculation of the taxes become difficult and prone to errors. Consequently many freelancers decided to just finish it up somehow and in many cases, later have to face difficulty. Thus, develop a proper plan about the Tax related issues with the local government authority and follow it to keep your business in a proper state.
Be Prepared For The Difficulty
You will have competitor in the business and not all will be likely to follow a business ethics. Thus there may be unpleasant issues initiated by them to hinder your progress. So in that case you have to do your best to fight off the allegations and progress normally. Thus, you need to prepare liability insurance and other insurances to keep your chance a refulgent one inside the court. Little careful planning in these can save you business from an abrupt ending.
Manage Your Work
Without planning, you may miss the big picture of how to handle a sufficiently large project. May be the project has many side-work apart from the main substance. So you need to have people to do those tasks along with you as you go along with the main side. However, if you fail to gauge the project properly, or do not plan ahead of time to arrange your workforce, you going to be definitely have a tough time ahead.
With this we end our third part of the series. In the next part we will discuss about the importance of sales and marketing practices in the world of freelance business. Just Sign up with our Auto-Feed Manager to deliver the next part to your Inbox automatically.
Continuing from the previous part - UnderEstimating The Job , this part will explain how one can call upon downfall if he overestimates his abilities too much. Being too good sometimes can bring the negative.
OVERESTIMATING YOUR ABILITIES
May be you are a great writer of a superb designer. This is good and probably you will do better in the freelancers’ field. However, sometimes it may come as an obstacle that can hinder the potential benefit. It can become an obstacle in delivering the optimum performance. Sometimes probably you will proceed with a job that seems easy on the surface in a half-hearted manner, resulting in a poor performance. So following are few ways which can show you the ways to overcome the ego issues and become more professional.
One trait of a successful project is, how well it corresponds to the client’s specification. However, when the clients give the specification, they may not be able to provide with the clear accurate picture, or may be too vague or even sometimes can be faulty as well. In that case it is your duty to rectify the client and suggest him the best possible ways to proceed with the idea. However, if client forcefully sticks to this point, then follow that.
Basic Comes First
It is highly important that when you work as a freelance writer, you follow the basics of writing in a very strict way. Do not infuse your own style and punctuation rules, as it will end up offending the client for sure. Though you may get over-excited and continue to write in your own style and characteristics but at the end this may bring up frustration. So fix yourself to the basics and it will make you even better.
Do Not Be Over-Sure
Always remember that there is someone out there who will do better than what you can do; and the client is not restricted to give the job to you. It is your duty to always deliver the best so that the client sticks to you. Else he can always look for someone else and there are plenty out there to fill the gap created by you.
With this we end our second part of the series and in the next part we will see how you should plan your business as a lack of proper planning can end up badly hurting your business interest. Just Sign up with our Auto-Feed Manager to deliver the next part to your Inbox automatically.
This post is guest blogging by Chee Wee - An unit Trust Consultant.
Unit Trust is a sunrise industry in our country. It has evolved into a lucrative profession. Unlike traditional career with has limitations in terms of personal growth, income potential and time, it is the exact opposite.
Too many of us are frustrated at the prospect of squandering our best years on a 9 to 5 mundane job. It is structurally incapable of giving us what we dream of most – personal and financial freedom. So why not take back the reins of your life. Why not, indeed!
Most of us are educated to pursue a traditional career in the corporate world. However in the current globalizations and high technology driven climate, unit trust industry is fast becoming popular with the younger generations.
Resources that join the industry come from a broad range of backgrounds. There are those who graduated with first class degrees. There are also people who switch to this industry with totally unrelated work experiences. This industry is quite a versatile industry in terms of recruiting human capital. It is no longer the industry for people who can’t make a living elsewhere.
Young graduates and newcomers to the industry need not fear the lack of knowledge or understanding as ample training and opportunity is available. Training programs are held to educate product knowledge and to build or refine soft skills. Be assured that there will be guidance and support from mentors. Mentors will build their people to higher level. Mentors are ever ready to reach out, to nurture and guide you.
Today, an estimated 60% of associates are earning a five figure income monthly with job loads equal to those working in the financial investment houses. The different is the networks you build are your own and do not belong to the company.
So with this I’ll end the first part of this review, in the next part we will see What’s is the benefit of this career. Just Sign up with our Auto-Feed Manager to deliver the next part to your Inbox automatically.
Freelancing may be a dream job to many people worldwide. But the fact is, that the failure rate in this business is also quite high. However, the surprising thing is, this high failure rate is not due to the fact that the freelancers are not competent at what they do, but for the lack of discipline and knowledge about the business itself. This article will explain all this misconceptions in a series of seven parts. This first part will focus on the issue of: UNDERESTIMATING THE JOB.
There are many people out there who think or spread the word that freelancers can a six-figure income yearly with just two to three hours of work everyday. Well that is a compete fabrication and it is absolutely impossible with this little amount of work. Even if you are able to earn that much yearly, before that you have to go through a lot of things and have to be clear about certain things such as:
Freelancers has to have some good skills in different business activities such as basic accounting, marketing and sales. You need these skills to manage your earnings, negotiate and handle clients successfully as not all the clients will be same. Also, skills in especially ‘Sales’ is important when you want to promote your work.
Relation with Client
You have to understand that when one client has been served properly, it is not the end of everything. As this client will come back to you if he later wants another job to be done, but to let that happen, you have to be nice with the client by employing some very basic ‘People Skill’, alongside being professional. This will help you to develop a relationship with client based on reliability and respect; and gradually small clients will become big ones and the big ones will become bigger in no time.
Value of Friendship
Do not hesitant to be good friends of people whom you know, in your workplace (if you are part-time freelancer), your neighbourhood or your relatives. Because you never know when they can become helpful, some of them may become your clients, some of them may be freelancing as well or some of them may bring you contracts. So, always be in good touch with people as it will not only help you in business but also will make your life more enjoyable.
So with this I’ll end the first part of this series, in the next part we will see the second failure - Overestimating Your Abilities. Just Sign up with our Auto-Feed Manager to deliver the next part to your Inbox automatically.
Deadline is something that you can not get off your head when you are in a freelance working environment. The clients all expect you to finish up the job before the deadlines, which is often NOT the case and you end up landing in a mess. This article will discuss some points which you can employ to keep a tight check on deadline issues.
Do Not Be Stressed Over Deadlines
Take the deadlines as something that is motivational. Just think, without a deadline, a one week project will be competed in two weeks; will it be good for overall business and net earnings? I do not think so. Without a deadline something will always distract you from your job in hand and will result in a sloppy and sluggish performance, which can then never turn to a profitable business venture ever. This tickling reminder back of your head will always keep you on track and will result in the optimum work output from you. This approach will also help you to free yourself from unnecessary drudgery of stress and strain.
Set a Fake Deadline For Yourself
This is actually a pretty good idea to combat the real deadline; that is to set a dead few days before the actual one and try your best to cling to the fake one. Thus even if in any case you end up missing the fake one, you actually will still have few days ahead to cover it up resulting in client’s satisfaction. Fake deadlines should be followed by all means as an actual reality, this will not only boost performance, but back in your head you will always know that you have the safeguard properly placed.
Reverse the Role
Sometimes it is the clients who will cause you to sit idle by not providing you with necessary project information on time. In many cases they will not realize this and will still expect you to finish the whole thing within the deadline. In this case, you should speak to the client and diplomatically make him understand that you only can do your part on time if they also do their part timely.
Thus by adopting the above mentioned tactics, in many cases you will be able to deal with the deadline issue more effectively. There are 5 others ways to meet deadlines discussed in previously. Check it out