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How to Re-Sign (& Renegotiate) Client Contracts
It’s that time of year again. And no, we’re not talking about holiday spirit or New Year’s resolutions (though if you want to read about personal planning ahead for the upcoming year, check out our latest article: Setting & Achieving Goals for 2019).
We’re talking about another kind of planning—the kind that pertains to companies of all sizes and shapes. We’re talking about budgeting.
If you are a freelancer, your clients are likely busy putting together projections, goals, and contracts for the coming year.
As a vendor, your services are currently being evaluated and discussed. Even if you are lucky enough to have a contract signed with a particular client that covers you for future months, your performance and value are still being weighed against operational costs.
It’s the natural cycle of business—as 2018 wraps up, plans to have a more successful (read: profitable) year in 2019 are set into motion.
That’s why it’s important to get ahead of the game, get your data together, and discuss contracts with your clients.
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Steps for Finding (and Securing) New Business Opportunities
We talk a lot about being a freelancer or small business owner, and the benefits of being your own boss.
You can be selective about projects, have flexibility in your schedule, and control your own processes and outcomes. We outlined a lot of the advantages of being out on your own in our previous article, Are You Ready to Freelance?
However, being the CEO of your one-person business comes with additional, CEO-level responsibilities, including project management, bookkeeping, new business development, and billing.
Your income (and, likely, livelihood) is dependent on your ability to maximize your time and pack as much work into your desired daily, weekly, or monthly goal.
Throughout every freelancer’s journey, there is a constant need to assess workflow—have you taken on too much at once, or are you actually not filling enough of your time?
In this article, we take a look at how to know when it’s time to take on new projects, and the steps necessary to do just that.
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3 Mistakes You’re Making When Tracking Time (and How to Fix Them)
Chances are that if you’re a freelancer or business owner, you are all too familiar with the practice of tracking your time.
Whether it’s necessary to properly bill clients or is just a good habit developed out of the desire to be more productive, you already know that the minimal time it actually takes to track time (especially if you take advantage of helpful tools, hint hint) is well worth the payoff.
And, if you work in an office environment and haven’t been required to track your time yet, get ready—it’s probably coming soon.
That’s why it’s important to understand how to properly track time and avoid some common mistakes.
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