Finance for Freelancers by Martha Retallick

By Martha Retallick

Getting on best of your funds doesn't must be a headache. Freelance veteran Martha Retallick makes finance and accounting suggestions enjoyable and friendly.

Greetings from sunny Tucson, Arizona! My identify is Martha Retallick, and I'm the writer of Finance for Freelancers.

I wrote this e-book to make monetary and accounting options enjoyable and pleasant. considering that we freelancers are going to need to care for this stuff, we'd to boot benefit from the adventure, right?

Okay, I pay attention what you're announcing. You're an artistic individual, no longer a numbers individual. You'd do something to prevent facing the monetary facet of your business.

Don't fear, this can be painless. and also you could even end up becoming a numbers geek. And why now not? It's your enterprise that we're speaking approximately!

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M. Willingness to sign realistic sale documents with their standard representations and warranties to the buyer? This is just a small sample. Once you’ve read through this book, you will have dozens more questions and detailed ideas about how you want to proceed. Put down your entire wish list—everything and the kitchen sink. Next, take that list to your trusted advisers to get their input and make sure your list is sensible. Most of all, get unvarnished input on your price expectations (we have much more on valuation in Chapter 6).

We thought they were going to be happy,’’ said Meade. ’’ At first, Meade and Cohen attributed the problems to difficulties between the general manager and the new partner. After six months of work with an organizational psychologist, they ended up replacing the general manager with the partner. But the staff still felt he was too bottom line–oriented and in their face, not at all in line with the more decentralized management style that Meade and Cohen had practiced. A paternal kiss to an employee on her birthday set a match to this powder keg.

Equity Kickers Suppose the seller would like to maintain an equity stake in case things take off or to be able to show an ongoing interest to current ................. 15951$ $CH2 05-23-06 16:03:18 PS PAGE 30 WHAT DO YOU WANT? 31 customers? This is fine and can be structured quite simply without an earn-out. ), are all a matter of negotiation. A simple way, as mentioned above, is to let the seller buy a piece of management’s equity. In our example above, management takes $300,000, so if the owner wants a 20 percent stake going forward, he can fund 20 percent of the equity ($60,000) on the same basis as management and participate in the upside.

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