Wednesday, May 2, 2012
Post 38 Some final Advice from professor Jenkins
Last Wednesday we learned some important advice from Professor Jenkins. He told us young ones to stick to our guns. He said that if your client wants you to make changes to the project or product then proclaim to get paid the cost of it then charge at a rate of pay per hr., for the work that will be accomplished. Never work for free unless it’s something that you love to do. As a business man Professor Jenkins told us to get an accountant and a lawyer. Also always have a backup drive for all important files. Finally always enjoy yourself and give to others. Let’s not forget what the class was about "POWER". Thank You Professor Jenkins for all the wisdom.
Post 37 REAL Business Information
On Monday April 23 I think I learned some incredible information. I learned that there are about 1000 billable hours in a year if you work the standard 40 hr. week. I learned that you should be earning $1000 for every year old. When it comes to home businesses if you have a house and use one room as an office, you divide that room from the total amount of rooms and use that percentage to deduct from taxes, like dividing the gas bill by the percentage of how big that office is. When it comes to networking you’re not going to get much out of it but your friends on the other hand can really help your business by referrals and helping out on projects with their skills and never do contracts with friends. Finally you should Invoice on a project get 33% upfront, 33% after a first draft and 34% at completion. Now that’s some great business advice.
Subscribe to:
Posts (Atom)