Consulting: Coding Is Only Half the Work Beth Tucker Long Who am - - PowerPoint PPT Presentation

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Consulting: Coding Is Only Half the Work Beth Tucker Long Who am - - PowerPoint PPT Presentation

Jan 12, 2023 233 likes •817 views

Consulting: Coding Is Only Half the Work Beth Tucker Long Who am I? Beth Tucker Long (@e3betht) PHP Developer Stay-at-home mom User group leader Mentor & Apprentice Who am I? Beth Tucker Long (@e3betht) Open Sourcing

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Consulting:

Coding Is Only Half the Work

Beth Tucker Long

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Who am I? Beth Tucker Long (@e3betht)

  • PHP Developer
  • Stay-at-home mom
  • User group leader
  • Mentor & Apprentice
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Who am I? Beth Tucker Long (@e3betht)

Open Sourcing Mental Illness http://OSMIHelp.org

  • Handbooks to help

improve workplaces

  • Research/Resources
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Audience Participation?

  • Completely fine. Ask me questions any time.
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Why?

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Before You Begin

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Things to Investigate

Current employer

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Things to Investigate

Startup costs

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Things to Investigate

Governmental Requirements

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Things to Investigate

Business Identity and Services

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Starting Out

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Starting Out

  • Paperwork. So. Much. Paperwork.
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Starting Out

  • 1. Business Plan

a. Description

  • b. Who are your clients? How will you find them?

c. What do you provide?

  • d. Who are your competitors? Why are you better?
  • e. Operations and Financial processes and needs
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Starting Out

  • 2. Business Name
  • 3. Domain Name
  • 4. Logo
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Starting Out

  • 5. Incorporation documents
  • 6. EIN Number
  • 7. Incorporate
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Starting Out

  • 8. Choose accounting platform
  • 9. Open financial accounts
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Starting Out

  • 10. Transition schedule

– work load – pay rate

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Hourly Rate

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Hourly Rate

Need to know:

  • 1. How many hours you want to work
  • 2. How much you need to earn
  • 3. Expected expenses
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Hourly Rate

  • How much will you work?

– 40 Hours per week

  • 7 Hours of email
  • 2 Hours for administrative meetings
  • 3 Hours of administrative time
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Hourly Rate

Billable Hours:

30 per week 120 hours per month

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Hourly Rate

  • New client acquisition / slow times:

– minus one week

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Hourly Rate

Billable Hours:

30 per week 90 hours per month

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Hourly Rate

  • PTO:

– 3 weeks of vacation – 3 sick days

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Hourly Rate

Billable Hours:

26 per week 78 hours per month

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Hourly Rate

  • Taxes

– Income taxes – Business taxes – Social Security – FICA

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Hourly Rate

Billable Hours:

30 per week 78 hours per month

20% in taxes

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Hourly Rate

  • Monthly wages
  • Retirement
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Hourly Rate

  • Health Insurance
  • Dental Insurance
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Hourly Rate

Billable Hours:

26 per week 78 hours per month

$7800 per month -> $100 per hour

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Hourly Rate

Other things to consider:

  • Business Insurance
  • Filing fees
  • Business licensing
  • Marketing
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Hourly Rate

  • Accountant fees
  • Vision insurance
  • Paying off a business loan
  • Buying an office, supplies
  • Future equipment
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Hourly Rate

  • What is everyone else charging?
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Finding Clients

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Finding Clients

  • Advertise
  • Business/Chamber listings
  • Referral program
  • Marketing firms
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Finding Clients

  • Job Ads
  • Networking events
  • Volunteer
  • Speaking
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Estimating

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Estimating

Guess and Double

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Estimating

Earn to Learn

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Estimating

Paid Exploration

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Estimating

  • Process for changes
  • Break it up
  • Adding Devs
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Estimating

  • Planning Meetings
  • Tech Support Calls
  • Learning/research time
  • Accounting/Billing
  • Updating emails
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Estimating

Lots of details

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Estimating

Expiration Date

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Contracts

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Contracts

  • Protect You
  • List Rate
  • Explain change procedure
  • Define ownership
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Red Flags

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Red Flags

Exposure

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Red Flags

No Contract

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Red Flags

No Down-payment

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Red Flags

Unsure of outcomes

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Red Flags

It's Easy

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Red Flags

Complaining

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When Things Go Wrong

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When Things Go Wrong

  • Report Quickly
  • Be Honest
  • Provide Remedies
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Resources

  • US Small Business Administration

https://www.sba.gov/

  • Writing a Business Plan

https://www.entrepreneur.com/article/247574

  • IRS Self-employed Resources

https://www.irs.gov/businesses

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Find Me

  • Twitter: e3betht
  • Full Stack Madison User Group

http://www.fullstackmadison.com

  • Madison Web Design & Development Group

http://www.madwebdev.com

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Feedback

https://joind.in/talk/ed8d0 E-mail:

Beth@TreelineDesign.com