Presentation on theme: "Small Business Ownership For Geeks. Cameron Childress Native of Atlanta Georgia ColdFusion developer since 1942* Also Flex, AIR, iPhone, Development Founded."— Presentation transcript:
Cameron Childress Native of Atlanta Georgia ColdFusion developer since 1942* Also Flex, AIR, iPhone, Development Founded Sumo Consulting Inc, 2003 If you can beat me at foosball and I will buy you a tasty beverage of your choice *by 1942, I mean 1996
How Do You ____? How do you handle accounting? How do you write contracts? How do you pay people? How do you manage time? How do you get organized? How do you find time to write code?
What Kind of Worker? 1099 - Contrator W2 - Employee (mostly)
What Kind of Business? Sole Proprietorship - Limited protection S Corp - Distributions aren’t taxed C Corp - Double taxation, lots of paperwork LLC - Less paperwork, flexible More: http://www.themoneyalert.com/Corp-Entity-Table.htmlhttp://www.themoneyalert.com/Corp-Entity-Table.html
Legal Contractors Contractor Agreement NDA Statement Of Work W9 Clients Master Service Agreement NDA Statement Of Work
F*ck You Pay Me! Client Relationship and Contact Commentary by Mike Monteiro Full video: http://vimeo.com/22053820http://vimeo.com/22053820 1.Contracts protect both parties 2.Don’t start work without a contract 3.Don’t blindly accept their terms
F*ck You Pay Me! Client Relationship and Contact Commentary by Mike Monteiro Full video: http://vimeo.com/22053820http://vimeo.com/22053820 4.Anticipate negotiation, but don’t back down on IP Transfer on Full Payment Termination (kill fee) Liability 4.Lawyers talk to Lawyers 5.Be specific and confident about money
Accounting Cash Basis vs Accrual Basis Pre-billing and Unearned Income
Accountants Can Help Cash Flow Projections Payroll Tax Filings Bookkeeping
The Math of Consulting You can’t stay billable all the time Holidays mean you aren’t making money Training costs you twice Employment Taxes The Unfortunate Math Behind Consulting Companies: (blog.asmartbear.com/consulting-company-accounting.html)blog.asmartbear.com/consulting-company-accounting.html
Resources Rework (37signals.com/rework)37signals.com/rework Rich Dad Poor Dad (richdad.com) F*ck You Pay Me (vimeo.com/22053820)vimeo.com/22053820 The Unfortunate Math Behind Consulting Companies (blog.asmartbear.com/consulting- company-accounting.html)blog.asmartbear.com/consulting- company-accounting.html
Your consent to our cookies if you continue to use this website.