How do I track my work-life balance and continuing professional development?
With a little organization and planning, you can get as much satisfaction from quoting, invoicing, recording your expenses, analyzing your marketing efforts, and tracking your professional development as you do from editing or proofreading.
How can business admin help me maintain a good work-life balance?
My “record and analyze” mantra means that I note every day off I give myself (whether they’re statutory holidays or not), and I keep track of all the paid and unpaid hours that I spend on editorial, admin, marketing, training, networking and other work-related activities. There’s nothing like a visual representation of my working hours piling up to force me into taking some downtime. I use the free version of Toggl Track to record the time I spend on each activity, but there are tons of digital tracking options out there (as well as good old pen and paper). Pick the one that works for you, and soon tracking your working time will be second nature to you.
How can I track my CPD as a freelance editor?
And when you have a record of the time and money you spend on CPD activities that are core to your editing work, you can see the effects they have on your business in real time. If you track your CPD activities data alongside your editing speed and your project rates, you can see if a particular course has increased your words-per-hour speed or given you the confidence to negotiate higher project fees. Seeing the impact of your business decisions on your bottom line or the quality of your work can be a huge motivational boost, so I recommend getting into the habit from the beginning of your career!
Bottom line: Business data helps you be your own dream boss
Check out Part 2, which addresses the “making money” aspects of business admin: setting and enforcing fair and data-supported rates, quoting with confidence and tracking your income.
Check out Part 4, which addresses tracking the time and money you invest in your business: the business expenses you declare at tax time and your marketing activities.