Summary: My business did about $447,000 this year with close to $250k in unexpected or unavoidable expenses, and another $50k or so in business overhead.
At first, this might seem like the most depressing annual review you’ll read this year. It starts pretty shitty, but it ends well — and further drives home just how blessed I am to be able to work for myself and make more money on my terms, rather than at the whim of an employer.
This year didn’t start out too great
I’m often labeled a perpetual optimist.
Every year, at around this time, I create lots of lists. I try to list out where I want to be at the end of the next year, and then I work backward to deconstruct these goals into concrete milestones.
So going into 2014, I had a lot of goals in mind: I’d rewrite, redo, and relaunch my flagship course, Double Your Freelancing Rate. I’d recruit a team to work with me on Planscope. I’d systematize and automate the gaps in my business — namely, my Consultancy Masterclass, the Freelancers Guild, and more. And I’d finally figure out this whole work/life balance thing.
…And then, just weeks into the new year, I learned that my wife was going to need to go away for 6 weeks. Now, I’m no stranger to this sort of thing, but as I was riding the high of the new year, it upset me. It wasn’t the hospitalization that necessarily was upsetting; rather, it was that something I had zero control over was derailing me, my business, and everything I had planned.