How prepared are you when you hit problems?

Posted on: June 8th, 2011

My guest writer, Deborah Henry-Pollard, wrote a post last week explaining the importance of taking time to consider all the things that could go wrong in your  freelance business.

In Deborah’s free e-book (which you can download from her website, Catching Fireworks) she explains how to do this, so that you’re fully prepared when problems hit.

As she mentioned in her blog post, you need to think of all the things that could go wrong and then come up with 12 solutions to each one – in case the first 11 won’t work for some reason.

So I thought I’d put this to the test and have thought of two possible things that might happen and dreamt up 10 solutions (I couldn’t quite stretch to the suggested 12.)

Why run a risk analysis on your freelance business?

Posted on: June 3rd, 2011

Guest writer, Deborah Henry-Pollard, explains the importance of undertaking a risk analysis so that you’re fully prepared, should problems hit your freelance business.

With a bit of practice, most of us can put together a plan for a project or a business.  However, if putting together a great plan in which everything works is all that’s needed for us to sail through life, then we would all be millionaires, household names or … add in your own indicator of success.

As a freelancer, with your future and your work life in your own hands, the real key to planning is not just the “in a perfect world” scenario, but the one in which you have also considered all the things which could go wrong.

For example, what do you do when:

  • you have a big presentation to a potential client and your child is sick and has to be off school
  • you are due to deliver a workshop and you start to lose your voice
  • you are writing a article for a newspaper against the clock and your laptop dies
  • your key client, who provides the bulk of your income, doesn’t renew your contract
  • your comfortable timeframe get truncated because you have to wait for other people to get their parts of the project back to you
  • you have two bad payers who owe you a lot of money and it is impacting on your cashflow