How I built an agency from my freelance business (and how much I earned)

by kocsmy • 12 years ago

2 3 12 years ago

tomlaz901• 12 years ago

Interesting. Can you clarify the math on your compensation? For example, you're working 18-hour days, 6 days/week during at $30/hour in Step 2, yet this results in $17k income.

qhoc• 12 years ago

I had this problem before too. Most are not "billable" hours because you have to do lots of POC, estimate, hiring, selling...

jonolay• 12 years ago

Hey - I'm the author.

And this is exactly right - it's all the work that goes 'around' the billable time, which is the real time suck. Also factoring in that this was my first full-time experience and so, since I was determined to get really good at what I was doing, I was also trying to learn as much as possible end expose myself to as much new stuff as I could.

You get major economy of scale by the time you reach Step 5, in terms of admin time costs (accounting, invoicing, legal fees) but at Step 2, you're doing it all yourself, and learning as you go along. A real killer.

It's £30, rather than $30, btw. Minor clarification, doesn't change the relative calculation, of course.

How I built an agency from my freelance business (and how much I earned)

Related Stories