What is a freelancer if not a small business? Just like small businesses, freelancers must engage in marketing, manage payables and receivables and other accounting tasks, perform HR functions, direct production, and plan strategy.
1. Planning and strategy. There are lots of great tools and apps out there that will help you to plan and execute great strategy for your freelance career or business, but the greatest tool you can use is knowledge. The Harvard Business Review is probably the leading publication for business and their an online journal contains thousands of articles nonbusiness theory, practice, and technique. The current issue of HBR includes articles which can provide great value to freelancers, such as “Stop Procrastinating…Now,” “Customer Loyalty in the Twitter Era,” and “he Secret to Dealing With Difficult People: It’s About You.”
2. Marketing. The single greatest marketing tool that a freelancers can use is standing directly in front of you: your clients. Happy customers talk, and when they talk about you or your business, the people they speak to listen. The typical freelancer will receive well over half of their new clients through word of mouth, and strong WOM builds business. Wikipedia defines it thus, “Customer relationship management (CRM) is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing, customer service, and technical support. Two great resources are Salesforce and Zoho.com. These two online resources allow you to plan and manage marketing campaigns, manage lead generation, automate sales management, perform inventory and customer support functions, and analyze and visualize customer data.
3. Managing HR. The human resources manager is typically one of the most important (and feared) members of the corporate management team. They typically manage processes that touch every employee every day: payroll, health benefits, incentive programs, performance reviews, pension and retirement plans, and vacation policies. But freelancers do all of this on their own, and more. The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Their website has a ton of resources for small businesses and freelancers, including articles, forms and templates, and user groups and forums, as well as information on other resources such as health care benefits, employee assistance programs, and retirement plans.
4. Accounting Sure, there are plenty of expensive accounting packages out there as well as online resources, but the gold standard for accounting and banking software continues to be Quickbooks. QB organizes your finances in one place, and allows you to manage sales, expenses, and
customer & vendor profiles. The reporting functions allow you to quickly create and share detailed reports on your sales, AP/AR, and annual tax reporting. You can create and send invoices directly from the program, and track aging and payment of these as well. You can automate downloads, reminders, and reconciliation. Used in conjunction with your own bank’s online bill-paying services, QB provides a powerful solution for both freelancers and small businesses.
5. Project management. At this point in time it’s pretty simple how to manage clients, projects, schedules, and tasks: Basecamp. Yes, we’ve written about it before, and yes we use it extensively ourselves, but that is for a simple reason: no one else has developed a project which improve’s upon 37signal‘s leading online SAAS product. Basecamp is simple to use, includes powerful and streamlined features, has an incredibly intuitive interface, and (most importantly?) is ridiculously inexpensive with plans starting under $50 per month. The program allows you to collaborate with your clients oct team members, schedule events, share files and other resources, access features via email or the web, and simultaneously manage multiple projects, clients, jobs, or users. Sweetness indeed.
Design Done Better
The easiest way to get affordable, high-quality custom logos, print design, web design and naming for your business.Learn How to Grow Your Business With Beautiful Design