Do you bill based on hourly work performed? Or are you working on a project basis? What are you doing about recurring revenues? With 2009 almost here, this is something I’ve been focusing on for my business.
In a past post about Freshbooks benchmark data for business owners, I mentioned their report that showed 20% of businesses using Freshbooks had recurring revenues. That stat made me think about my own Web working business and how I was not only a little skimpy on the recurring revs, but I was also failing to properly designated the revenues that were recurring in my Freshbooks account, namely monthly retainers.