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Monday, April 23, 2012

How much does it cost you to wake up?


How much money does it cost you to wake up in the morning?
    • If you make 50,000 and want to work 1000 hours a year.. your time is worth $78
  1. Plan
  2. LLC
  3. Website
  4. How much it cost you to wake up. 
  5. Marketing 
  6. Do the work
  • Marketing yourself- 
    • Believe in you. 
    • Networking- use your friends. 
      • Much stronger than networking groups. 
      • Friends you can trust.
      • Friends can also become vendors. 
        • Make sure they are dependable. 
    • Micro Manage is bad.
      • This frustrates the worker and when your frustrated your work suffers. 
    • Contracts-
      • When dealing with friends a hand shake is okay.
      • When dealing with new companies use contracts.
        • This shows that you have made a commitment. 
        • First payment should be 33% of total cost.
        • This shows that they are committed as well and this allows you to have cash on hand.
        • Once you present them with a working model/draft you charge another 33%.
          • This allows you to pay your vendors. Even if the project is scraped you can still pay the vendors who will want to work with you again next time. 
        • Final 33% is to pay you. This is collected when the project is completed. 

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