Advice for managing your business as a freelance marketing professional
Onze · 27/12/2017 08:36
I originally set up as a limited company, but found the paperwork too onerous for my (very) small initial turnover. So have moved to be a sole trader. I work part time and have a couple of small businesses as clients, but I still find the costs associated with running a business, and the time to do the admin, too high compared with my earnings, at times it just doesn't seem worth it. Between the school runs I have a relatively small windows to work in, but I do try to work in the evenings etc.
Is there a good website or company that I can get some advise from? Or does anyone have any experience of making it work?
Am very tempted to get a part time job to reduce the hassle, but really need the flexibility of freelance.
Onze · 27/12/2017 08:48
ps, am also looking for advise on the wording for Terms & Conditions for a marketing consultant sole trader, thanks
Colabottle10 · 27/12/2017 10:48
What costs do you mean?
I have a pretty big Ltd now but we started off tiny - I can’t remember what the initial ongoing costs where..?
biscuitbasket · 27/12/2017 11:54
Charge more money! Hourly rates should be either 2 times or 1.5 times your expected hourly rate. That way, you get paid for your other work (admin/quotes/accounts).
Classic small business error is to charge too little...
Kazzyhoward · 27/12/2017 20:02
What are you spending the time on? A tiny business shouldn't take up too much admin time. Are you properly organised, i.e. filing system, "to-do" lists, up to date with everything? I've found that some people spend far too long on the admin simply because they're not organised, so everything is a last minute panic, time is wasted trying to find things etc. Get some simple admin/organisational systems set up, stick to them, and you should hardly notice the admin time you spend.
Onze · 21/01/2018 18:00
Biscuitbasket & Kazzyhoward
You are both correct, I love doing my job but hate the admin elements so it becomes too much, and I really don't think that I charge enough..... need to sort these two things out and I think life will be easier.
Thank you for your advice.
museumum · 21/01/2018 18:09
I recommend www.freelancelifestyle.co.uk
For free help with this sort of stuff.
Onze · 15/02/2018 17:56
Thank you museumum, will take a look.
KadabrasSpoon · 15/02/2018 19:06
There are free accounting packages such as Wave which will do invoices, receipts etc. That's pretty much most of my admin. Insurance and regular outgoings on a direct debit so once that's set up it takes care of itself.
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