18/05/2017 HowToMakeMoneyWithoutAJob

BORDEAUX
PARIS
PARIS 1789000FCFA CLIQUEZICI
PARTIRDE
A/R

BUSINESS
ICITOUTTOURNEAUTOURDEVOUS! TTC
PARTIRDE PARTIRDE

1789000FCFA
1801400FCFA
BORDEAUX 1801400FCFA
A/R A/R
AUDPARTDEABIDJAN TTC
TTC VOIRCONDITIONS

PersonalFinance
DEC 14, 2011 @ 11:04 AM 967,797

HowToMakeMoney
WithoutAJob
Deborah L. Jacobs, F ORBES STAFF
I cover personal finance for baby boomers.
FULL BIO

BeforejoiningthestaffofForbesinJulyof
2011,Iwashappilyselfemployedfor23
years.Formuchofthistimemyhusband
andIrantwomostlyunrelatedhome
basedbusinesses.Heworkedinhisoffice
inthefrontofthehouse,whileIwasin
mineacrossthehall.Ourofficedoorswere
usuallyclosedandweknockedbefore
interruptingeachother.Untiloursonwas
oldenoughtogotoschool,wehadafull
timebabysittertotakecareofhim
downstairswhileweworkedupstairs.Our
onlybreakduringtheworkdaywastoeat
lunchwithourchild.
CASINO Sac poubelle lien classique (130 L x 10 sachets)

Uponobservingourtrafficpatterns,our
housepainteroncesaid,It'slikeyourein
anoffice!Othersremarkedaboutour 3 000 FCFA

discipline.Wedidn'thaveachoice.Ifwe
didn'tproduce,wedidn'tgetpaid,andwe
neededthatmoneytoliveon.Soforallthe Cliquer

flexibilityaboutsettingourownhoursand
balancingworkandfamily,wedidntvary
muchfromtheroutine.Ifwetooktimeoff
toseetheclassplayortakeoursontothe

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18/05/2017 HowToMakeMoneyWithoutAJob

pediatrician,wemadeupforitinthe

eveningoronweekends.Cometothinkof
it,weworkedalotofeveningsand
weekendsanyway. BUSINESS

PARIS
PARTIRDE

1789000FCFA
A/R
TTC

BORDEAUX
PARTIRDE

1801400FCFA
A/R
TTC

AUDPARTDEABIDJAN

ICI TOUT TOURNE

AUTOUR DE VOUS !
CLIQUEZICI

ACHETEZJUSQU'AU09/06/2017
VOIRCONDITIONS

Onceyou'velandedanassignment,youcanjuggledeadlines [+]
anddelegatesomeoftheworkifnecessary.Credit:PeterTill/

Withwidespreadlayoffspushingmany
peopleintobusinessforthemselves,we
hearfromalotoffolkswhoarewondering
howtosetupshopandstructuretheirnew
worklife.Wetellthemthatself
employmentcanbeabitofanemotional
rollercoaster,withhigherhighsandlower
lowsthanyou'reprobablyusedto.
Whetheryouwanttostartsomethingon
thesideorsaygoodbyetocorporatelife
forever,herearesometipsforstarting
yourownbusiness.

Leaveyourselfafinancialsafetynet.
Whilecreditorsrequireyoutopay
promptly,mostofyourownclientswon't
rushtocompensateyou.Evenifyouwrite
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18/05/2017 HowToMakeMoneyWithoutAJob

"paymentduein30days"onyourinvoice,

it'sarareclientthatstickstothattime
frame.Schedulesof60oreven90days
arealltoocommon.Complainingabout
tardypaymentorimposingalatecharge
coulddrivebusinessaway.Tominimize Panthon Sorbonne University
MBA international 100% online.
tensionswhileyouwaitfortheworkto
comeinandthenwaittogetpaidset
Obtenez votre Masters aujourd'hui et
asideenoughmoneytocoversixmonths Boostez votre carrire.
ofexpenses(ayearisevenbetter). groupe-ifg.fr

Dowhatyouknow.Dontwastesavings
onbuyinganexistingbusinessora
franchise.Instead,getreadyforwhat
ArlingtonHeights,Ill.newbusiness
consultantJeffWilliamshasdubbedthe
scratchstartup.Williamscounsels
desperationentrepreneurslaidoff
employeeswhoarentlikelytogetback
intothecorporateworld.Hetellsthemto
sellaskilloraproducttheyalreadyknow.

KenProskie,59,isaWilliamsclientwho
waslaidoffin2004fromhisjobasa
healthandsafetymanagerforalarge
manufacturer.Workingfromanofficein
hisEvanston,Ill.home,hebeganpitching
hisservicestoanetworkof300colleagues
fromprofessionalassociations.Afterthree
years,Proskiesays,hematchedhis
corporatesalaryandtodayhasmorethan
enoughwork.NowIwishIhadmadethe
transitionfiveortenyearssooner,he
says.Itwouldhavegivenhimtimetotake
onemployeesandexpand.

Dontbetyoursavingsonalongshotnew
ventureeither.NewYorkfinancialplanner
KarenC.Altfestsaysshehasone70year
oldclientwhocantretireyetbecauseshe
sankallhermoneyintoaperfume
businessstartupinher60s.Although
sheworkedveryhardintheenterprisefor
twoyears,goingfromstoretostore,it
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18/05/2017 HowToMakeMoneyWithoutAJob

bombedturnedoutnotenoughpeople

likedherscents.
Findacomfortableworkspace.It's
importanttochooseaspotwhereyou
won'thavealotofinterruptionsand
distractions.Workingathomeavoidsthe
needtopayofficerentandmakesyou
eligiblefortaxwriteoffs.Butyoumust
jealouslyguardyourworktime,which
meanslimitingtripstotherefrigerator,
tellingfriendsandfamilyyoucantchat
duringtheworkday,andexplainingtothe
UPSguythatyouwontacceptpackages
forneighbors.Ifyoufindyouareunable
tobeproductiveathome,consider
workingfromanotherlocation.

Spendjudiciously.Newtechnologies
andsocialmediacontinuetoreducethe
costsofstartingandoperatingasmall
business.Putseedmoneytowards
equipmentthatcanhelpyouembrace
technology:laptop,iPadandsmartphone.
Youllwanttobuyacomfortablework
chair,ifyoudontalreadyhaveone,but
there'snoneedtopaytopdollarforother
furniture.Withsomanycompanies
scalingback,thereareplentyofgood
dealsonsecondhandequipment.Try
auctions(liveoronline),goingoutof
businesssalesandusedofficefurniture
stores.

Createdigitalfootprints.Thesedaysif
peoplecan'tfindyouonGoogle,they
mightdecideyoudon'texist.BuildaWeb
site.Thengetbusyonline.Socialmedia
likeLinkedInandTwitter,alongwiththe
websitesandListservsofmany
professionalassociations,makelowcost
networkingandbusinessbuildingfar
easier.IfyourealreadyusingFacebook
FB +1.95% foryourpersonallife,thinkabout

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18/05/2017 HowToMakeMoneyWithoutAJob

creatingaseparatepageforyourbusiness.

Whilesomebusinessownerslimittheir
tweetstoshoptalk,othersuseTwitterto
developabroaderpersona.(Seemypost,
"HowToGrandstand(Gracefully)OnThe
Web.")
10,700FCFA 39,900FCFA 13,000FCFA
Forprofessionals,thereareafewsites
thatrivalLinkedIn.Writeyourprofile,
joingroupsinyourfieldofinterest.Then
chimeintothediscussions.Beingtheboss
36,500FCFA 9,400FCFA 35,000FCFA
isnotajobforpeoplewhoareshyabout
blowingtheirownhorns,butself
promotionshouldntbeallyoudo.Aswith
networkinginperson,helpingother
peopleispartofthegame. 28,000FCFA 35,000FCFA 17,700FCFA

Presentaprofessionalimage.Answer
allphonecallsbystatingyournameorthe
nameofyourbusiness.Avoidreferringto
yourselfasa"freelancer."(Instead,use 28,000FCFA 9,500FCFA 22,400FCFA
yourcompanyname,sayyou'rea
consultant,selfemployed,orinbusiness
foryourself.)Whenyoufinallymeetin
person,followthesetipstomakesure
5,244FCFA 65,000FCFA 15,300FCFA
yourbodylanguagereinforcesthegood
impressionsyou'vealreadymade.

Goaftermoreworkthanyoucan
handle.Intheearlystages,runningyour
ownbusinessisalotlikebeingalonely
Maytagrepairmanwho'salwayswaiting
forthephonetoring.Manyofyour
marketingeffortswontleadtobusiness
rightaway,andevenpromising"nibbles"
maynotpanout.Sohedgeyourbetsby
pursuingmanyavenuesatatime.Once
you'velandedanassignment,youcan
juggledeadlinesanddelegatesomeofthe
workifnecessary.Forinformationabout
newwaystofindwork,see"AsJob
GrowthLags,CompaniesOutsourceWork
ToFreelancersThroughTheCloud."

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18/05/2017 HowToMakeMoneyWithoutAJob

Chargewhatthemarketwillbear.

Whileeagertobringinwork,youdon't
wanttosellyourselfshort.Yetyouknow
thatbiddingtoohighcoulddriveaway BUSINESS
business.Ifyoucanroughlyestimatethe
timeyou'llneedtospend,chargealump
PARIS
PARTIRDE

1789000FCFA
A/R
sum.Lumpsumfeesarepotentiallymore TTC

lucrative,especiallyifyou'vedonethe
kindofworkbeforeanddon'tneedto
BORDEAUX
PARTIRDE

1801400FCFA
A/R
reinventthewheel.Anotheradvantageis TTC

thatclientsdon'tknowexactlyhowlong
theprojecttakesyou.Therefore,theymay
bewillingtopaymore,ineffect,thanif AUDPARTDEABIDJAN
youchargebythehour.

Ontheotherhand,lumpsumsareriskyif
youdon'tknoworhavenocontrolover
howmuchtimeyoumustputin.Here, ICI TOUT TOURNE
theriskisthattheclientmaydemand AUTOUR DE VOUS !
CLIQUEZICI

morework(likeendlesschanges).What
soundedlikegoodmoneywhenyoubidon
thejobcanquicklyturnintoslavewages. ACHETEZJUSQU'AU09/06/2017
VOIRCONDITIONS

Soifyou'reunsureaboutthescopeof
work,chargebythehour.Tofigureyour
hourlyrate,takeyourmostrecentsalary
anddivideitby2,000hours/year(that's
40hoursperweekfor50weeks).Increase
thatsumby30%tocoveryourexpenses
mostnotablyhealthinsurance.

Onceyouputyourpriceonthetable,be
opentonegotiation.Iftheclientobjectsto
thefeeandyoureallywantthejob,you
couldsay,"Idon'twantpricetopreventus
fromworkingtogether.What'syour
budget?Meanwhile,askyourselfwhether
thereareotheradvantagestotheproject.
Yourfirstgoal,especiallythebeginning,is
togainexperienceandbuildrelationships.
Dogoodworkthatkeepsclientshappy
and,chancesare,they'llsendmore
businessyourway.Atthatpoint,you'll
haveplentyoftimetoraiseyourrates.
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18/05/2017 HowToMakeMoneyWithoutAJob

Gethelpasyouneedit.Byhiring

subcontractorswhenyoudon'thavetime
todoeverythingyourself,andbringingin
consultantsifyourownexpertisefalls
short,youfreeyourselftogoafterother
moneygeneratingpursuits.Callupon
extrahands(includingstudentsand
hourlyworkers)fortimeconsuming
chores.Youcanputtogetheravirtualstaff
tohandleeverythingfromresearchto
Webdesign.

Buildasupportteam.Exchangeideas
andleadswithotherbusinessownersin
yourarea.Surroundyourselfwithpeople
whobelieveinyourabilitytobe
successful.Bepreparedfortheinevitable
downswings:youwillwanttohavean
optimisticfriendorfamilymember
aroundwhocanbeyourcheerleader
duringthesetimes.

Keepinmindthatthereisnopreset
formulaforsuccess.Youmayneedto
modifyyourplansandyourexpectations
untilyoufindwhatworksbest.No
matterwhat,though,you'llhavethe
satisfactionofknowingthatyou'rein
charge.AndwhenYou&Co.doesbetter
thanyoueverdreamed,you'llhave
yourselftothank.

AlsoOnForbes

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Behind

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Place

ASixMonthGamePlanForStartingYour
OwnBusiness

ArchiveofForbesArticlesBy
DeborahJacobs
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18/05/2017 HowToMakeMoneyWithoutAJob

DeborahL.Jacobs,alawyerand

journalist,istheauthorofEstatePlanning
Smarts:APractical,UserFriendly,
ActionOrientedGuide.Youcanfollowher
articlesonForbesbyclickingtheredplus
signortheblueFacebooksubscribe
buttontotherightofherpictureabove
anypost.SheisalsoonTwitterand
Google+

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