I don’t want to grow my freelance design studio into an agency

Re:I don’t want to grow my freelance design studio into an a... by makk on Sunday September 03, 2023 @04:25PM (#37374148)

That assumes your time costs zero.

But if you assume as I do that your time is the most valuable thing you have, then there’s no way to generate profits when all you sell is your time.

You can generate cash, sure. But profits as in selling something for more than it cost you, never. You can never get that time back, and it’s worth more than anything.

I would guess many will disagree with this perspective.

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Re:I don’t want to grow my freelance design studio into an a... by pxue on Sunday September 03, 2023 @04:34PM (#37374255)

No, You're absolutely right.

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Re:I don’t want to grow my freelance design studio into an a... by arrowsmith on Sunday September 03, 2023 @06:28PM (#37375213)

Maybe, but that's completely irrelevant to the original question of whether the quoted $500k was OP's gross cash revenue or net financial income.

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Re:I don’t want to grow my freelance design studio into an a... by jonas21 on Sunday September 03, 2023 @07:07PM (#37375491)

If you're a solo freelancer, there's no difference between paying yourself for your time and paying yourself out of the profits. The money goes to you either way.

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Re:I don’t want to grow my freelance design studio into an a... by makk on Sunday September 03, 2023 @07:21PM (#37375582)

And either way, you’re not paying enough cash to cover the value of what you’re selling, so the net result is not profitable.

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Re:I don’t want to grow my freelance design studio into an a... by arrowsmith on Sunday September 03, 2023 @08:23PM (#37375975)

Good luck explaining that one to your accountant.

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