Payment Terms of 45 Days.
Alot of my bigger clients have a 45 days payment term, which can be quite a burden with cash flow and organsiation of time/allowance. Its good in respect that money will be coming in (EVENTUALLY), but it doesn't help the here and now.
I have found that if you take on a few smaller sized clients (possibly start up's) then this helps the cashflow. It also helps take away all the focus on one project and keeps the creativity alive.
Spending a lot of time alone can come with it's issues.
For example it can cause me to overthink on my approach to projects, question my style and put my mindset in a corner.
I have found it's good to keep a positive mindset by having time away from my work. For example going for a walk, going for a drive, getting outside for fresh air. See the world basically. Getting outdoors helps me gather my thoughts and puts me in a positive outlook to continue my day.
One of my most challenging tasks from switching from an agency to a freelancer...
Striking a balance/agreement between designer and client (potential client) is no mean feat. The main challenge is to help a client understand the value of your services. Just because you no longer work within an agency full time, this doesn't mean your work ethics, commitment and quality is any less. In fact, I personally feel it's more, I work harder knowing it's for yourself and for your future.
I will be honest though, I have been very lucky with past and present clients, they understand and appreciate my value, drive and work ethics.
However I have had many experiences where some potential clients like to 'push their luck. so to speak. For example, just recently I received an inquiry for a logo job (full branding package). For $50! (£28.24 after tax). Come on Bruce!
Being honest! I am transparent and upfront with a client about my cost and about the services they would receive.
Agreed it is a very hit and miss tactic, but one that works for me. It works for me because when I find a client that appreciates my work, then the more effort I put in. It's that simple. I strive to make my clients excited about what I produce. That's my aim.
If a client is unable to appreciate my value we simply go our separate ways. I am always polite and thank them for showing interest in my work and wish them the best for the future. Staying professional and polite (no matter how offensive their offer may of been) is the way to go. In my opinion.