10 votes
Accepted

Lack of Sleeping for Projects

You should never neglect your health. You should sleep for about 6-8 hours a day to be healthy. You can end up in trouble at a later age. Plan out in such a way that you don't overwork and you need ...
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7 votes

Could I theoretically make money by creating software Linux distro needs?

First off, remember that Linux is marketed as very robust, open source, and free (with a few exceptions). Can you keep that philosophy? The reason distributions become popular are for different ...
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  • 6,793
6 votes

Are there any disadvantages of taking work based on a retainer?

You are not informed properly, retainer money is not returned! This is true in the IT industry, especially programming, and some other industries like legal. In other industries, companies don't ...
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  • 14.2k
6 votes
Accepted

Declined project

You perhaps jumped the gun a bit. The way you describe it, I see no red flags - but a couple of orange ones. With a non-technical client, the potential for the exact type of disagreement you describe ...
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  • 3,672
6 votes

To expand business or increase rates?

To get right to it, you want more cash. One of the simplest ways to do that is to just raise your rates, like you mentioned. The biggest problem when doing this is, naturally, the fear that your ...
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  • 381
5 votes

Company stability

I don't really see any options other than target a different market. Start selling to smaller companies. Build your business. Once you do that, the concerns of the large corporations will be reduced. ...
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5 votes

Lack of Sleeping for Projects

In the past I myself did the same. And with time I became concerned by the rightness of this (what I now call) bat habit of mine. Unfortunately, I still do it. Not as intense as in the past but ...
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  • 1,131
5 votes
Accepted

Hiring another freelancer for help

Absolutely, it's allowable to get help with projects! But you take on a different type of role, depending on the project: the Project Manager. First off, decide if you really need someone else coming ...
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  • 6,793
4 votes
Accepted

How important is it to be a nice guy to your clients?

Mutual kindness, gentleness and thankfulness is very important to keep long term good relationships with clients. I have many clients who could go to any other freelance but they always wants me ...
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  • 2,044
4 votes

Which country is the best to incorporate business for a freelance developer?

I heard from many people that Gibraltar has good taxation. You should check it out. Others opened a company in Germany as it has a great refunds and benefits for companies. The third group opened ...
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  • 14.2k
4 votes

Are there any disadvantages of taking work based on a retainer?

Peter is absolutely correct. Retainers are NOT refunded if the time is not used. Retainers are to ensure that if something comes up that's urgent, you will drop everything possible to see to their ...
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4 votes

Company stability

As @Paul said in his answer above, you can change your market. Another option other than the buyout (or partial buyout) from the large corporations would be to attempt to form a consortium of buyers ...
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  • 499
4 votes
Accepted

Inflated business area, what to do?

First of all keep in mind that freelancing always is a risk. Sometimes things are going well, sometimes not. Sometimes I love to be free and having no boss, but sometimes I really hate the ...
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  • 156
4 votes
Accepted

Leaving my full time job for 1 client

Basically, this will come down to your personal circumstances. There are a few factors one generally needs to consider when going alone: Your financial situation The reliability of the first client (...
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  • 3,672
3 votes

What legal benefits are there to working as a sole proprietor vs. a freelancer?

First, let's clean up the language: Every individual conducts BUSINESS. As with you. Whether you "own" a business or not, if you work for somebody else, you're in the BUSINESS of transacting ...
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  • 5,304
3 votes

Lack of Sleeping for Projects

If you insist on sprinting to complete the project at the beginning, I would suggest looking into polyphasic sleep as a possibly healthier alternative. Basically, instead of sleeping once per day for ...
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  • 151
3 votes

Offering equity instead of pay -- yes or no?

Whenever offered equity I have informed potential clients/employers that accepting equity would make me an actual investor, meaning I will need to perform due diligence of their company's financial ...
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  • 3,672
3 votes

How to ask for increase the budget for a freelancing project

"This isn't what was agreed upon. I'll need to re-scope the project and provide a new cost estimate." Be forthright, upfront, and honest about it. The client is certainly aware they've made ...
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  • 17.3k
3 votes

Leaving my full time job for 1 client

The most of experienced freelancers always advise never abandoning your current job. If you wish to freelance only do it keeping your current one and working part-time as freelancer. At least it'd be ...
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2 votes

Are there any disadvantages of taking work based on a retainer?

A good alternative to a 'retainer' is a 'monthly maintenance' package. So for example, a monthly maintenance package could include 1) Regular ongoing updates to the site software (i.e. especially ...
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  • 1,018
2 votes

Lack of Sleeping for Projects

Most of the time when I am late on something it is because I didn't focus 100% on the task to be executed. Your method to work 3 days in a row is not normal for the average human being. We need to ...
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2 votes

When hiring my first employee, what should be my main "HR" concerns?

Mark, Your state department of labor/employment ought to be able to help you with the regulations and policies. I remember that Texas Employment Commission had sample employee handbooks for employers ...
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2 votes

Company stability

I will answer with a question: are you willing to grow your company by yourself? If that's a yes then read on. If that's a no, then I'm afraid that you already know the solution, the partial buy-out ...
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  • 63
2 votes
Accepted

Freelancer: Business Entity or Individual?

You'll need to ask a legal or tax advisor in India, but in non-country specific terms the benefits of a business entity rather than an individual trading in your own name are: Tax benefits — as a ...
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  • 442
2 votes

Next level of freelancing and growth

Why can't you work any more? I have 3 kids and I can still work full-time freelancing. Obviously, you want to work less and earn the same or more as before. The only answer is to make a company. Or ...
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  • 14.2k
2 votes

Next skills to learn?

Freelancing is a business, not a hobby. If you can get your client's needs to match what you want to learn about, that's a bonus. Otherwise, you need to research the market. Which skills are in high ...
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  • 424
2 votes
Accepted

A specific case of not knowing how much I'm worth?

Okay, you kinda hosed yourself on this first project. Fine, hammer them out, make them nice, and make it clear that you were doing these to build their trust, so they knew you were worth what you're ...
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2 votes
Accepted

is NDA valid just because you signed it and had no further work

I've been a freelancer for 12 years, and this has come up several times for me. The short-answer from my attorney was that yes, you are bound to a Non-Disclosure Agreement (NDA) after you sign it. ...
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  • 36
2 votes

How to wisely spend money on improving my freelance business to result in a steady stream of income?

I would consider your infrastructure before marketing. In my experience, you need to be able to absorb risk and error as easily as possible. Do you have backups, transportation, file and data ...
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2 votes

Shares in the business

Poppycock. Do your web development work, yes. Specify a price. And even with this friend, get a written contract specifying deliverables (with milestones, hopefully) and payment terms. As for this ...
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  • 5,304

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