Strict Standards: Declaration of Walker_Page::start_lvl() should be compatible with Walker::start_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::end_lvl() should be compatible with Walker::end_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Page::end_el() should be compatible with Walker::end_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_PageDropdown::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::start_lvl() should be compatible with Walker::start_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::end_lvl() should be compatible with Walker::end_lvl($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_Category::end_el() should be compatible with Walker::end_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Strict Standards: Declaration of Walker_CategoryDropdown::start_el() should be compatible with Walker::start_el($output) in /home/jjensen3/public_html/freelancesprout/wp-settings.php on line 158

Warning: session_start(): Cannot send session cookie - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 58

Warning: session_start(): Cannot send session cache limiter - headers already sent (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 58

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 70

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 80

Warning: Cannot modify header information - headers already sent by (output started at /home/jjensen3/public_html/freelancesprout/wp-settings.php:158) in /home/jjensen3/public_html/freelancesprout/wp-content/plugins/maxblogpress-stripe-ad-pro/include/mbp-stripe-ad-pro.cls.php on line 81
Creating a Freelance Business Plan - Part 6 | Freelance Sprout | Find, Start, and Grow Your Dream Freelance Business
Read the six part series on creating a freelance business plan
 

Creating a Freelance Business Plan - Part 6

Date January 24, 2008


Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

Strict Standards: Only variables should be assigned by reference in /home/jjensen3/public_html/freelancesprout/wp-includes/post.php on line 117

This is the final installment in a six part series on creating a freelance business plan.

Accounting / Banking

My neighbor, a bookkeeper, will maintain my books and review them on a weekly basis, I will also work with the advice of my CPA firm. The CPA firm will do the quarterly and year-end tax reports. The firm will also monitor the business to offer advice during the first year’s start-up and growth period. MyDesign Shop will bank with MyLocal Banking. I have my personal accounts with this bank and feel we have developed a good relationship.

Insurance

I will obtain liability insurance with a home office rider. I won’t take out errors and omissions insurance unless the Web market begins to have more activity in e-commerce sales than is currently forecasted. (Errors and omissions insurance protects me from such things as a lawsuit that could be filed against MyDesign Shop for a scripting mistake that costs a client lost revenue).

Unless I expand into the e-commerce arena, the Web site that I create won’t have that much risk. I will also get a rider on my homeowner’s policy that will cover my automobile in the event of an accident while doing business for MyDesign Shop.

#END#

This is a plan I put together for my “little” freelance Web design business about four years ago. While it’s not all encompassing or comprehensive, it was enough to point me in the right direction.

So, what about you? Have you done any planning? Like I mentioned in Part 1 of this series, I really don’t like business plans for the sake of having a business plan. A business plan should give you a direction that makes sense and that you can stick to in the long run.

My plan has changed, a lot. That doesn’t mean I failed. It just means I need to adjust my direction.

Tags: , ,

Like it? Share it!

  • Technorati
  • del.icio.us
  • blogmarks
  • Furl
  • Ma.gnolia
  • StumbleUpon
  • Digg

Related posts:

  1. Creating a Freelance Business Plan - Part 2
  2. Creating a Freelance Business Plan - Part 4
  3. Creating a Freelance Business Plan - Part 1

3 Responses to “Creating a Freelance Business Plan - Part 6”

  1. Anonymous said:

    Wow. I’ve been raiding various freelancing pages and blogs on a pretty regular basis over the last couple of months. This hit home for me. I’ve been getting ready to start up part time for a while now and have had trouble, mostly conflicts with work (9-5 is not condusive to starting a business). I have read the series of posts and its pretty much how I have been wanting to start this venture. I plan to model my approach off of your plan… if not blatantly copy word for word. Thank you for posting this.

  2. Jerret said:

    Thanks for the feedback. You are welcome to copy it word for word. I know it will help you stay focused.

    Did you check out the downloads section? I have a spreadsheet you can download that will help you plan for all types of scenarios. Just click the “Downloads” links, 2nd down below the “TOPICS” heading.

    -Jerret

  3. Jerret said:

    Hi Netta,

    Thanks for your kind words. I’m glad you’ve found it useful.

    -Jerret

Leave a Reply

You must be logged in to post a comment.