Wrap-up your Year as a Freelancer

december


When you’re a one person operation it is important to stay on top of your business and check up on its health once in a while. Taking the time to review how your business strategy is playing out can save you from a big surprise down the road. For example: you might think things are going along fine; you are meeting your deadlines, paying your bills and you clients seem to be happy; suddenly an unexpected event takes place - maybe a client drops you or a big expense pops up - and you realize that you cannot deal with it because you are just getting by. The end-of-the-year is a good time to celebrate your success and learn from your failures. Here is a list of things to ask yourself and check-on to make sure your business is thriving as you wrap-up this year and prepare for the new year ahead.


Ask yourself:

  1. Did I achieve my business goals?
  2. What areas can I improve in next year?
  3. Did I have any major successes this year? Any failures?
  4. Is there something about my business that I need to change?
  5. What did I accomplish and what am I most proud of?
  6. What kind of feedback did I get from clients? Are there any negative trends that I need to work on? Do I have any strengths that I should promote more?
  7. Is my work fulfilling? Are there any parts of it that I hate spending my time on? Can I outsource some of the drudgery? Can I try to focus more on the areas that I find most fulfilling - is that financially feasible?


Take a look back at your Calendar:

  1. Check that you completed all projects on time. If not, examine what went wrong and put preventative measures in place in the future.
  2. Review the time you spent networking and see what you gained from it. Do you think that next year you should spend more time networking or not?
  3. See how your marketing worked out. Was it worth the time and effort or do you need to change your strategy?
  4. Take a look at how your business strategy fit into your calendar and if there are any ways that you can spend your time more wisely next year.


Assess your Financial Situation:

  1. Start preparing to file your taxes.
  2. Check your net profits.
  3. Check your savings. Make sure business is going well enough that you are financially comfortable and it is allowing you to build a safety-net and a nest-egg for the future.
  4. Review whether or not you achieved your financial goals. If not, why not?
  5. Make sure your current business strategy is financially sustainable. If it isn't, make a new plan.
  6. Figure out where you are earning the most money and think about how you can spend more time working on those projects.
  7. Review how your business weathered any unexpected expenses. Was your business healthy enough to handle them or do you need to fix something?
  8. Decide whether there are any types of projects/work/clients that are not financially lucrative enough to keep and make a plan to shed them in the new year.


By spending a little time checking up on the overall health of your business you can assess whether or not your business is thriving or barely surviving. As a solopreneur, it is dangerous to be in the position of ‘just getting by’, so take time to review your business and see what areas you can work on to make it more successful. Even when your business is doing well, it is still important to check-in once in a while to see if there are ways to build upon your success and make your business model even better. Check out our next post to see what you can do at the beginning of the year to keep your business operating smoothly.

Author: S.Suzuyama

Posted in Freelancing Tips, Business Tips on Dec 24, 2018

Follow Sagegroupy

    Recent Posts

  • Small Businesses Should Hire Freelancers

    Posted in Business Tips on Mar 18, 2019

    How can small business owners ensure that they have the talent they need to complete projects and tasks, without risking money and time in hiring and training new employees? Small business owners can stay in the black by hiring freelancers. Freelancers can provide the specialized talent you need to get things done.

  • 10 Free Tools for Freelancers

    Posted in Freelancing For Beginners on Mar 11, 2019

    When you’re just starting out as a freelancer you might not have a lot of money to throw around, but you still want to maximize your productivity while staying organized. We’ve rounded-up 10 free tools that can help you do just that.

  • Freelancing to Stay in the Workforce

    Posted in Freelancing Tips on Mar 04, 2019

    Traditional jobs are great for when you can work traditional hours and don't need flexibility or a lot of accommodations. However, what happens when you can’t be part of the traditional workforce? Freelancing is great for people who need flexibility in their lives but want and need to stay in the workforce.

  • How to become a Freelance Web Designer

    Posted in Freelancing For Beginners on Feb 22, 2019

    There are plenty of obstacles between the starting point of freelancing and running your own successful business. If becoming a freelance web designer is your dream, here are some steps to take to rise to the challenge .

  • Tasks that You Should Outsource to a Freelancer

    Posted in Business Tips on Feb 15, 2019

    When your business is a brand new start-up, hiring freelancers can really help you get off the ground without the burden of needing a large office space or having to pay monthly salaries. Here are several types of tasks you should hire a freelancer to do for you today.

  • Help! I Can't Land Clients

    Posted in Freelancing For Beginners, Freelancing Tips on Feb 08, 2019

    What if you’ve been following all our advice here on the Sagegroupy blog, but still aren’t finding any clients? There could be a few things going wrong; we’ve made a list of 15 reasons you might not be landing clients.

  • Finding Clients

    Posted in Freelancing For Beginners on Feb 01, 2019

    Before you can start making money as a freelancer, you’re going to need to find some clients. This is one of the hardest parts of freelancing and a lack of clients is the main reason that some budding freelancers end-up throwing in the towel prematurely. If you are at a loss on how to find clients, we hope this post can help you get started.

  • How to become a Freelance Editor

    Posted in Freelancing For Beginners, Business Tips on Jan 25, 2019

    Do spelling mistakes, grammatical errors and poor punctuation jump out at you and ruin your reading experience? If written errors and bad writing style make you crazy you might make a great editor! If you have ever considered trying your hand as a freelance editor here are some of the steps you can take to get from just thinking about it to being a successful solopreneur.

  • Hiring Freelancers is Good for Business

    Posted in Business Tips on Jan 18, 2019

    With 59% of U.S. companies currently making use of remote workers and freelancers, you may have wondered if making use of freelancers would be good for your business. Here at Sagegroupy we think that freelancers are valuable assets and can be good for any business, here are the reasons why.

  • The Good, the Bad, and the Ugly of Freelancing

    Posted in Freelancing For Beginners on Jan 11, 2019

    If you’ve been thinking of making the transition from the traditional work world into the world of freelancing in 2019, take a look at the good, the bad, and the ugly of freelancing to see if it is right for you.


Tags


Comments

Please sign in to comment!