8 comments

  • Stephan JunghannsStephan Junghanns, over 5 years ago

    Read article. Started meditating.

    2 points
  • EJ FoxEJ Fox, over 5 years ago

    Anyone have good recommendations for accountants in NY?

    1 point
  • Tom HareTom Hare, over 5 years ago

    Solid advice. I'd particularly echo the accountant + Xero paragraph. I'd firmly recommend anyone starting out to find a local accountant who can sit you down face-to-face and run you through the basics of bookkeeping. As well as the day-to-day running, I also found it helpful getting into the mindset of running a business and setting appropriate pricing.

    I spend a few minutes every week in Xero raising invoices, inputting expenses and reconciling transactions and it gives me a snapshot of exactly how my numbers are looking. At the end of the year, my accountant logs in, checks it over and sends it off, saving me money having a full set of accounts prepped by them.

    1 point
  • Philip KarpiakPhilip Karpiak, over 5 years ago (edited over 5 years ago )

    “bastard tax”—basically if he thinks the client might be a pain in the arse he puts his day rate up by 25-30%.

    I noticed this was a recurring feature amongst freelancers here in Ottawa. I guess it could be a good filter for someone that wants to service a particular client or market, but is willing to bend their own rules if there’s more wads of cashed thrown at them.

    0 points
    • Rik Lomas, over 5 years ago

      Like with anything, some people are just not good at managing projects and/or people skills, therefore some clients can be pretty nightmarish. I would always turn down a client if I wasn't certain or not feeling it – not a fan of taking the money and running. But my skills (front-end + back-end dev) were fairly in demand in London so I didn't have much of a shortage of work so this "bastard tax" can be useful for some freelancers.

      1 point
  • Jim SilvermanJim Silverman, over 5 years ago

    great write up. question though: you're full-time on a product now, what made you stop working for clients?

    0 points
    • Rik LomasRik Lomas, over 5 years ago

      Honest answer is that I felt I could do more to improve people's lives by working on something I was full invested in and believe in. Being a founder of a start-up means that you can shape something that could help someone in even a small way.

      It was a massively difficult decision to go all in on starting a start-up and lose some great clients. Luckily we all managed a good transition between the two.

      I felt like the 3 years freelancing was almost an apprenticeship for being a start-up founder. If I'd started something like Steer back in 2010, it probably would have failed by now.

      3 points
  • Alasdair MonkAlasdair Monk, over 5 years ago

    Sage advice

    0 points