Things every contractor and freelancer should consider at the start of 2018

Contracting Plans 2018

You should be well into your new year’s resolutions now. But as you continue to get fit, quit biting your nails, as well as reading a new book every week, have you given much thought to your business?

Obviously, you’ve thought about it, but have you thought about the things you could do throughout 2018 to make your business better and your life easier? No? Read on below for a list we’ve put together with some of the top things contractors and freelancers may want to have in their sights over the next 12 months.

Changing your day rate

As the end of the tax year creeps closer (6 April might seem like ages away now, but it really isn’t) so do changes in tax rules, business rules, and even just general expenses. All of these things combined generally mean you may want to consider putting your rates up to cover costs. You may even want to change your rates simply to reflect your ever-growing knowledge and experience, particularly if you’re much sought-after.

The beginning of the year is the perfect time to look at your day rate and decide if it’s staying the same or going up.

Updating your website

Chances are, somewhere on your website, there’s a line about how many years of experience you have. Remember, with another year on the clock, that number will have changed. It’s a good idea to take a bit of time to look at your website (and CV, LinkedIn profile etc.) and update any sentences that work.

This can also be a great time to add key projects to your portfolio, take down anything that’s no longer relevant and do a bit of general housekeeping.

Get organised

This is often the go-to new year’s resolution for many freelancers and contractors and, every year, many just fall back into the same old habits. Let 2018 be the year you make a commitment to being organised and efficient.

Buy a wall planner for your home office so you know what you’re doing on any given day, deal with and file that pile of paperwork that’s been growing on your desk since July, download a good to-do-list app and maybe even implement a routine for checking and actioning emails. Let 2018 be the year where stress disappears.

Plan your holidays

Being a contractor or freelancer can be a bit of a nightmare when it comes to organising holidays and they can often be last minute, booked hastily between periods of work. Now we’re at the start of the year, take a look at your calendar and plan in some well-earned breaks for you and your family and then work around them. You’ll really appreciate it come December.

If you need to sort out new contractor insurance this year, take a look at the Kingsbridge Contractor Insurance Knowledge Hub, or give our team a call on 01242 808740.

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