Re:The Complicated Financial Lives of Freelancers
by pc86 on Wednesday October 03, 2018 @10:15AM
(#18130381)
It's not a mess unless you have some weird hangup about billing people and agreed-upon rate for an agreed-upon service. I freelanced full-time for 3-4 years, at one point with dozens of active clients, and never missed a billable hour. It's not difficult if you have a system to track and bill. Yeah it takes time, and it's a grind, and there are times you'd rather just not do it, but to imply that freelancing makes it easy to miss hundreds of thousands of dollars in billables, which is a non-trivial percentage of most folks lifetime income, does not jive with my experience in the slightest.
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Re:The Complicated Financial Lives of Freelancers
by prawn on Sunday October 07, 2018 @07:51PM
(#18163258)
You did 3-4 years with dozens. I am at 20 years and more complexity. For a number of years, I managed staff and interns - just keeping interns busy chews up a lot of time. I had a co-founder to start with, and was then solo running it from then. Once you have staff but not the scale to get help managing that, it gets seriously difficult. When I started, things like Toggl didn't really exist. I used to print out and manually sum hours from staff per client/project and per month. And then create dozens of invoices each month manually in MYOB, an awful and miserable interface. It was a huge timesink. I couldn't outsource it because I was the only one with true knowledge of each relationship - what to bill in what way, which clients were sensitive, etc.
I'm not saying it's impossible to do it OK, I'm saying it's easy to get it wrong and fall behind. I mentioned the idea of an opinionated business framework to a friend (freelancing very occasionally 1-2 years) and they said "Oh YES, absolutely." And that's for someone who'd send 2-3 invoices a month, not 50+.
Re:The Complicated Financial Lives of Freelancers
by kowdermeister on Friday October 05, 2018 @11:26AM
(#18148875)
It's not just about missing invoices. Freelancing didn't really satisfy me to be a one man business army. Having dozens of active clients sounds like a horror movie to me. I also worried much more as a freelancer than as an employee.
It's great that you could do it.