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??#@&@. Freelancing. Makarand Pandit mp@vsnl.com. Session 2 :-). 35 minutes - Presentation 10 minutes - Question Answers. What This Session Covers. About Technowrites Opportunities Assignment Life Cycle Rules & Issues Traps What’s wrong in being your own boss? Limits to growth

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freelancing

??#@&@

Freelancing

Makarand Pandit

mp@vsnl.com

session 2
Session 2 :-)
  • 35 minutes - Presentation
  • 10 minutes - Question Answers
what this session covers
What This Session Covers
  • About Technowrites
  • Opportunities
  • Assignment Life Cycle
  • Rules & Issues
  • Traps
  • What’s wrong in being your own boss?
  • Limits to growth
  • Estimates
  • Comparisons
the beginning
The Beginning
  • Started November 1994
  • Strength 1
  • Goal - Specialize in Technical Communication
  • Business in first year 8k
  • Got first telephone in 1995
  • Bought first computer in 1997
today
Today
  • Strength 7 + 3
  • Offices 2
  • Business this year 2000k
  • Telephone lines 3 + 2
  • Connectivity ISDN
  • Computers 7
  • Goal - still the same!
opportunities
Opportunities
  • Technical Writers
  • Graphic Designers
  • Animators
  • Content Developers
  • Translators
  • Courseware Developers
  • Programmers
  • Instruction Designers
  • Trainers
  • Marketing agents
assignment life cycle
Assignment Life Cycle

TOC & Quote

Inquiry

Study

Negotiations & Approval

Rs / $

Payments

Drafts & Corrections

Delivery

thumb rules
Thumb Rules
  • Rule 1: Develop thumb rules
  • Rule 2: Minimum 10 Pages a day
  • Rule 3: Maximum 100 Pages a day
  • Rule 4: One order is no good
  • Rule 5: Judgement after 1000 days
  • Rule 6: Be in a network
  • Rule 7: Be on the move
  • Rule 8: Learn from Marwaris, Sindhis, British & Americans
finance issues
Finance Issues
  • Standardize your monthly earnings and keep them aside
  • Get a credit card, now!
  • Ask your banker for a cashcredit account
  • Ask your banker for a loan, straight or against investments / deposits
  • Ask for at least double the salary
  • Save for gaps and downtime
hr issues
HR Issues
  • Don’t compare your earnings to others doing job
  • Study your output Vs Efficiency curves
  • Short term disability insurance
  • Public Provident Fund
  • Long term & accidental insurance
  • Mediclaim Policy for you and your family
  • Train yourself on new tools and techniques
  • Train yourself on marketing and business skills
  • Plan at least 15 days leave every year
  • Plan at least 30 days training every year
traps
Traps
  • Late Payments
  • Home Office
  • Time Flexibility
  • Shelf Space
  • Administrative Work (non-productive work?)
  • Risks & Personal Protection
  • Decrease in efficiency with load
  • Ahead of time?
what s wrong in being your own boss
What’s wrong in being your own boss?
  • No excuses
  • You can take a leave when you want!
  • You have to work when you don’t want!
  • Growth is limited by your vision & luck
  • You can not argue “The boss is not going to agree”
limits to growth
Limits to growth!
  • Limits personal growth
  • Builds monotony
  • Increases Frustration
  • No peers - No envy - No growth
estimates the technowrites way
Estimates - The Technowrites Way!
  • 365 days - 52 weeks - 104 Non-working days- 20 National & Other Holidays
  • 45 Days - Leaves & Training
  • 196 Days to earn
  • Rate * No. of Days + Overheads + Expenses = A = Base
  • B = Multiplication Factor
  • A * B = C = Quote
estimates the pvt ltd way
Estimates - The Pvt. Ltd. Way!
  • Identify Resources
  • Rates for every resource
  • Summation of (Resources x Rates) = A = Base
  • B = Multiplication Factor
  • A * B = C = Quote
  • For Opportunity Assignments quote ad hoc
comparison
Comparison
  • In-house Writers
  • Consultant Writers
  • Writing Agencies
time to setup
Time to Setup
  • In-house Writers: More
  • Consultant Writers: Less or none
  • Writing Agencies: More
time to establish
Time to Establish
  • In-house Writers: Less
  • Consultant Writers: More
  • Writing Agencies: More
time to wind up
Time to Wind-up
  • In-house Writers: More
  • Consultant Writers: Less or none
  • Writing Agencies: Most
driving force
Driving Force
  • In-house Writers: Need
  • Consultant Writers: Opportunity
  • Writing Agencies: Market
client s resources
Client’s Resources
  • In-house Writers: Uses
  • Consultant Writers: Uses or pools in
  • Writing Agencies: Pool in
investments
Investments
  • In-house Writers: High
  • Consultant Writers: Low
  • Writing Agencies: High
team formation
Team Formation
  • In-house Writers: Must
  • Consultant Writers: Difficult
  • Writing Agencies: Must
personal development
Personal Development
  • In-house Writers: High
  • Consultant Writers: Low
  • Writing Agencies: High
entrepreneurial development
Entrepreneurial Development
  • In-house Writers: Low
  • Consultant Writers: Very High
  • Writing Agencies: High
stability
Stability
  • In-house Writers: High
  • Consultant Writers: Extremely Low
  • Writing Agencies: High
business generation
Business Generation
  • In-house Writers: Not applicable
  • Consultant Writers: INR 8k to 1000k
  • Writing Agencies: INR 1000k upwards
comparison28
Comparison
  • Indian Freelance Writers
  • Writers in Developed Countries
formal education in tw
Formal Education in TW
  • Indian Freelance Writers: None
  • Writers in Developed Countries: Yes
opportunities30
Opportunities
  • Indian Freelance Writers: Yes
  • Writers in Developed Countries: Yes
market
Market
  • Indian Freelance Writers: Developing
  • Writers in Developed Countries: Matured
competition
Competition
  • Indian Freelance Writers: Low
  • Writers in Developed Countries: High
quality in tw
Quality in TW
  • Indian Freelance Writers: High
  • Writers in Developed Countries: High
language advantage
Language Advantage
  • Indian Freelance Writers: Yes
  • Writers in Developed Countries: Depends
business generation35
Business Generation
  • Indian Freelance Writers: INR 1-1000k
  • Writers in Developed Countries: US$ 50k Plus
  • (Book writers earn millions!)
trans opportunities
Trans-Opportunities
  • Indian Freelance Writers: Yes, but limited by visas and work permits
  • Writers in Developed Countries: Yes, but limited by economical growth
to summarize
To Summarize...
  • About Technowrites
  • Opportunities
  • Assignment Life Cycle
  • Rules & Issues
  • Traps
  • What’s wrong in being your own boss?
  • Limits to growth
  • Estimates
  • Comparisons
the prayer
The Prayer

I asked for Strength, God gave me Difficulties to make me strong

I asked for Wisdom, God gave me Problems to solve

I asked for Prosperity, God gave me Brain and Brawn to work

I asked for Courage, God gave me Dangers to overcome

I asked for Love, God gave me Troubled People to help

I asked for Favors, God gave me opportunities

I received nothing I wanted…

…but everything I needed

My Prayers have been answered!