To minimize time spent on administrative activities, use computing technology to its fullest advantage. Set yourself up in an office with the most efficient equipment and processes you can afford, including phone, fax, E-mail, voice mail, network connections, and so on. Use the technology that you will be advocating to your new clients. Then get yourself a set of well integrated back office applications for accounting, contact management, and other administrative systems. You might even consider outsourcing your accounting and tax work, depending on how complicated it becomes.
B is for business.
You have to develop your business skills now, rather than relying solely on your technical acumen. As an independent consultant, you are responsible for your financial well being, and you must be business-savvy to survive and thrive. To establish your billing rates, get a fix on the going rates in your region for the type of services you will provide. When you bid on a project, make sure you and the client both agree on the projected cost and payment terms, and get it in writing. This letter of agreement will be your salvation if you ever have to go to court over a payment dispute.