Being a freelance designer entails more than just the act of designing. Master the business side of design and you’ll thrive. Neglect it and watch your business take a dive.
There can be severe consequences for those who mismanage finances, fumble along without a business plan or don’t understand clients.
Fortunately, this article will serve as a crash course for beginners who want to learn about the business side of freelance design.
In this broad overview, we’ll take a look at creating a business plan, choosing a location to work, determining a going rate, understanding financial information, the importance of insurance, obtaining clients, showing your portfolio, writing proposals, keeping clients happy, writing contracts, understanding copyright laws and finally, taxes.
Buckle up!
Most entrepreneurs don’t do it for the financial reward alone, but it’s generally a primary goal in the life cycle. And yet I think many entrepreneurs, especially first-timers, don’t pay close enough attention to the impact various decisions have on their personal financial outcomes. Read more…
Paths to $5M for a startup founder – Gabriel Weinberg’s Blog.