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Are you a grizzled veteran of the freelancing world? Does your contracting history stretch back into the dark ages?
We know plenty of hardcore, career freelancers and we’ve polled a few of them to bring you the five surest signs you’ve been working for yourself for perhaps a bit too long.
The myriad tax jargon faced by freelancers is a constant source of agony for newbies, which is why most freelancers become relatively adept with accounting and bookkeeping after their first year. For some seasoned freelancers, though, accountancy could just about be their second job. If you know the following accountancy and tax terms, you’re quite possibly over the freelancing hill:
It seems a head for figures is what truly separates the freelancing men from the contracting boys, as this quirk was the second most popular indicator of veteran status.
Sure, you could use some desktop or online accounting software, but why bother when a good old-fashioned spreadsheet will do? All those cells and formulas in glorious organised uniformity – what’s not to love?
Nothing says “My work here is done” quite like cracking open your bevvie of choice right then and there at your desk when 5pm on Friday rolls around, and many old-timers seem to find this the perfect way to bookend the working week (work-life balance is an important skill, remember!).
A few of the freelancers we spoke to even keep a snifter of their favourite tipple close at hand for such occasions which is, depending on your point of view, impressively efficient or borderline problematic.
I’ll readily admit that my dog is a big part of my freelancing career – however I’m also careful to get out of the house and socialise as often as possible. If you live in a remote area, or have lots of work on, it can sometimes be a bit difficult to get out. Idle chit-chat with a furry companion is fine (it could also be a cat – if you’re a weirdo), but if you find yourself holding lengthy one-sided conversations it might be time to think about a desk in a coworking space. Any of these sound familiar?
“Daddy scored a new contract, yes he did! Who’s a puppy?”
“Do you like this kerning, Fido? I really like this kerning.”
“What’s 8% interest on top of £1,500? What do you mean you don’t know?!”
It’s always a great idea to have an inner circle of fellow freelancers you can throw work to once in a while if you can’t take it on yourself. The worldly, seasoned freelancer, however, will have a contact list of encyclopaedic length.
You need someone to consult on the Derivatives market in Papua New Guinea? I know just the person!
An industrial waste disposal expert in the West Midlands with Public Sector experience, you say? Let me put you in touch!
Are you a veteran freelancer? Show off your…err…quirks in the comments!
Unsure of the difference between cash-flow and capital? Business jargon can often be complicated, especially if you're just getting started. We've compiled a glossary of some often-used business and accounting terms and provided easy to understand definitions, with links to further info where appropriate.
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