If you're new around here, it might be best to have quick read through the first and second income report I published in August, September and October, respectively, to find out what exactly I'm doing here and why. Basically, each month I'd like to share the following: How much I earned, how much I spent/invested into my business and on what and what I learned during that month. So let's get to it.
November 2015 Earnings:
- Social Media Projects: 1.920,00€
- Copywriting: 760,00€
Total Revenue (excl. VAT): 2.680,00€
November 2015 Expenses*:
- Adobe Creative Suite: 8,50€
- Contractor: 300,00€
- Google Apps: 4,00€
- Website Design & Themes: 75,00€
- Website Hosting: 46,10€
- Phone & Internet: 43,00€
Total Expenses: 476,60€ (*Not included: social insurance payments, taxes, rent, utilities)
Total Net Profit: 2.203,40€
FYI: Please bear in mind that the sum you see above is definitely not the amount of money I get to spend this month, as at least 50-66% of it goes directly into a savings account as I will definitely need it to pay for my final tax and social insurance payments at the end of the year as well as next year.
You know what they say: What goes up must come down. Which is why in November, I had the lowest total net profit so far this year. This has partly to do with the fact that I was away for 2 weeks of the month and had to outsource some of my work which resulted in an additional expense AND the fact that I lost a retainer client at the end of last month as well. That's right, this too happens from time to time and is surely something every freelancer despises... The way I deal with this is curse a lot, second-guess myself, pull some of my hair out of utter frustration and then simply MOVE ON. For obvious reasons, no one really likes to talk about these occurences, so if you've been there personally, I'd love for you to share how you deal with it!
In more positive news, our Kickstarter campaign for #letsdothisNY turned out to be a successful one - so HURRAY, we're now actually able to finish our guide for female entrepreneurs who want to relocate to NYC and also get to work on another one on San Francisco/Silicon Valley. Apart from that, I am hard at work behind the scenes planning lots of new things for 2016 after having started my coaching course with Jen Carrington 3 weeks ago. One little result is this new series on my blog which focuses on featuring all those amazingly talented freelancers in and around Vienna - be sure to check it out! There's lot's of more things in store for 2016 and I can't wait to share them with you.
But for now, tell me: What do you think of these income reports? do you find them informative, helpful or just TMI in general? Let me know in the comments or tweet me your thoughts.