Business lecture from Jason.
www.business.govt.nz
Starting out: Keep it simple!
Free lancing - Sole trading or being in a Partnership.
You don't have to be a company to do business.
You should start a tax account! Register for GST - 15% plus a 1/3 of your earnings.
Tax invoices - not GST registered
How much should I charge? Know your worth!
Be confident! Start at $40/50 per hour
Do the math; be honest but not naive.
Be clear about what you're doing, and what you're doing it for.
Don't drive down your worth.
Don't be afraid to ask for advice - ask others what you are worth - be honest and do some research.
Invoices basics - Inland Revenue
A company:
Choose who you work with carefully
Always have goals - personal and business.
Partnership agreements. (avoiding undue shit)
Limited liability - seperate entity from the individuals - the company pays tax.
Personal Guarantees - what happens if the worst happens?
Advisors - accountant and board - always ask for advice!
Advantage of having a company is that you can sell it - service based design - they come to the company because of WHO is designing.
GET THAT MONEY YOL
Starting out: Keep it simple!
Free lancing - Sole trading or being in a Partnership.
You don't have to be a company to do business.
You should start a tax account! Register for GST - 15% plus a 1/3 of your earnings.
Tax invoices - not GST registered
How much should I charge? Know your worth!
Be confident! Start at $40/50 per hour
Do the math; be honest but not naive.
Be clear about what you're doing, and what you're doing it for.
Don't drive down your worth.
Don't be afraid to ask for advice - ask others what you are worth - be honest and do some research.
Invoices basics - Inland Revenue
A company:
Choose who you work with carefully
Always have goals - personal and business.
Partnership agreements. (avoiding undue shit)
Limited liability - seperate entity from the individuals - the company pays tax.
Personal Guarantees - what happens if the worst happens?
Advisors - accountant and board - always ask for advice!
Advantage of having a company is that you can sell it - service based design - they come to the company because of WHO is designing.
GET THAT MONEY YOL
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