Download - Business 101 for Developers: Time and Money
Time and Money
Lorna Jane MitchellMarch 2012
About Me
● Lorna Jane Mitchell● @lornajane● Freelance for > 18 months
http://lornajane.net
Where does the time go?
Time
Money
Where does the time go?
Time Tracking
How much time do you need?
Estimating
● Include meetings to attend, reports to write etc● List tasks● Split up small● Estimate each
How much does your time cost?
Not everything is billable
Rates
● Decide on your rates● Write them down● Stick to them
Quotes
● Be able to quote for work● Combine estimates and rates ● Agree payment method, invoice date/frequency,
and payment terms
Proposals
● Sometimes you need to do more than quote● Outline what you will provide● Details of the project with benefits● Costs and benefits
Delivery
● Many different ways of working● hourly/daily rates● fixed price● royalties or other license fees
When is X due?
Deadlines
add deadlines to calendar
What else needs time?
Scheduling
Scheduling
block out time for appointments
How can I do X on time?
Scheduling
Scheduling
book your work into the gaps
When can I deliver X?Can I also take on Y?
Billable Hours
=
rate
income
* billable hours
hours that you actuallyinvoice for, correctly
and on time
Billable Hours
● Hours you worked● That you tracked● With a contract in place● That you invoice for
Invoicing
● Make it easy● Then you will do it● Use a template or tool
● Your name and address● The work and costs● Any purchase order or other details● How and when payment should happen
Invoicing
generate
track
chase
Invoicing
Invoicing
generate
track
chase
Invoicing
generate
track
chase
What information to track?
Year-End Process
● Track information ongoingly● Know what happens and when for year-end● Do you need to set time aside for it?
● (if so, see the first point!)
Get A Grip!(on both time and money)
Thanks
● Twitter: @lornajane● Website: http://lornajane.net● Slides: http://slideshare.net/lornajane● Feedback (please?): https://joind.in/6145