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Tatiana Mulry

The second course in the Building Your Freelancing Career specialization is aimed at freelancers looking to integrate financial analysis and strategy into their business. Learners will discover and apply accounting best practices through creating a budget and financial plan and using it to set financial goals with rates and prices backed up by their own research.

CalArtians who do not see a "Sponsored by CalArts" notice when enrolling are encouraged to access this course and the specialization by joining through the Coursera for CalArts program linked in the course/specialization FAQ.

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What's inside

Syllabus

Course Overview
In this section, you'll review the course introduction and student expectations. You'll also get to know some of the successful freelancers in our community and hear practical advice about how they handle financial decisions. Lastly, you'll have the opportunity to have a meet and greet with your peers.
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Personal and Business Finances
In this section, we'll dig into key financial concepts that will create a solid foundation for a successful freelance career. You'll explore the factors to consider when transitioning from a job to a freelance career, how to set up healthy habits for personal and business financial management, and how to plan for your future.
Making and Managing Money in Your Business
In this section, you'll consider how to price your offerings, how to forecast the number of sales you'll need, and how to consider all the costs that go into running a business. These factors will help you consider many options and choose a business model that fits your goals for your financial future as a freelancer.
How are you doing?
How will you get the help you need to run a freelancing business? In this section, you'll learn the importance of key business advisors and professional tools to manage your finances. You'll also learn how to look at your financial reports so that you can understand the financial aspects of your business.
Making Financial Decisions
In managing a business, you'll need to make many important decisions that will have a financial impact. It is important to track and interpret information to help you make wise decisions, and know when to consult with experts to help you plan and stay on track.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Explores advanced financial strategies and analysis techniques to support freelance business operations
Builds a strong foundation for freelancers to navigate financial management and decision-making
Provides practical insights and examples from successful freelancers
Taught by an experienced instructor with expertise in financial management for freelancers
Emphasizes real-world applications and encourages learners to apply concepts directly to their freelance businesses
May require additional knowledge or experience in accounting and finance concepts

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Making Money as a Freelancer with these activities:
Review financial concepts
Review key financial concepts to build a solid foundation for freelance financial management
Show steps
  • Identify and define key financial concepts
  • Explore different types of financial statements
  • Analyze financial ratios and their implications
Explore accounting best practices
Follow guided tutorials to learn essential accounting practices that will enhance your ability to manage your freelance finances effectively
Browse courses on Bookkeeping
Show steps
  • Understand the basics of double-entry bookkeeping
  • Learn how to track income and expenses
  • Explore different methods of invoicing and payment processing
Develop a financial plan for your freelance business
Create a comprehensive financial plan to guide your financial decisions and ensure the success of your freelance business
Show steps
  • Determine your financial goals and objectives
  • Forecast your income and expenses
  • Identify potential financial risks and develop mitigation strategies
  • Review and update your financial plan regularly
Four other activities
Expand to see all activities and additional details
Show all seven activities
Participate in peer review sessions
Engage with peers to exchange ideas, discuss financial challenges, and share best practices for freelance financial management
Show steps
  • Join or start a peer review group
  • Prepare your financial statements or plans for review
  • Provide feedback and suggestions to your peers
Learn about financial ratios and their applications
Enhance your understanding of financial ratios and their use in evaluating the financial performance of your freelance business
Browse courses on Financial Ratios
Show steps
  • Identify key financial ratios and their significance
  • Learn how to calculate and interpret financial ratios
  • Apply financial ratios to your own financial statements
Attend a workshop on freelance financial management
Participate in a workshop led by experts to gain practical insights and strategies for managing your freelance finances effectively
Show steps
  • Research and identify relevant workshops
  • Register and attend the workshop
  • Apply the knowledge and skills gained in your freelance business
Mentor other freelancers on financial management
Share your knowledge and expertise with other freelancers to reinforce your understanding and make a meaningful contribution to the community
Show steps
  • Identify opportunities to mentor other freelancers
  • Provide guidance and support on financial planning, budgeting, and more
  • Reflect on your own financial management practices and identify areas for improvement

Career center

Learners who complete Making Money as a Freelancer will develop knowledge and skills that may be useful to these careers:
Freelance Writer
Freelance writers produce written content for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular type of writing, such as articles, blog posts, website content, or marketing materials. This course may be useful for freelance writers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Virtual Assistant
Virtual assistants provide administrative, technical, or creative assistance to clients remotely. They may perform a variety of tasks, such as scheduling appointments, managing email, creating presentations, or conducting research. This course may be useful for virtual assistants who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Consultant
Freelance consultants provide expert advice and guidance to clients on a specific topic or area of expertise. They may work on a project-by-project basis or on an ongoing retainer. This course may be useful for freelance consultants who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Graphic Designer
Freelance graphic designers create visual concepts, using computer software or by hand, to communicate ideas that inspire, inform, and captivate consumers. They may specialize in a particular area of graphic design, such as logo design, web design, or print design. This course may be useful for freelance graphic designers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance App Developer
Freelance app developers design and develop mobile apps for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular area of app development, such as iOS development, Android development, or cross-platform development. This course may be useful for freelance app developers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Marketing Consultant
Freelance marketing consultants provide marketing advice and guidance to businesses and organizations. They may specialize in a particular area of marketing, such as digital marketing, social media marketing, or content marketing. This course may be useful for freelance marketing consultants who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Photographer
Freelance photographers capture images for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular type of photography, such as portrait photography, event photography, or product photography. This course may be useful for freelance photographers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Project Manager
Freelance project managers plan and execute projects for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular area of project management, such as software development, marketing, or construction. This course may be useful for freelance project managers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Web Developer
Freelance web developers design and develop websites for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular area of web development, such as front-end development, back-end development, or full-stack development. This course may be useful for freelance web developers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Videographer
Freelance videographers capture video footage for a variety of clients, including businesses, organizations, and individuals. They may specialize in a particular type of videography, such as corporate videos, event videos, or marketing videos. This course may be useful for freelance videographers who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Data Analyst
Freelance data analysts collect, clean, and analyze data to help businesses and organizations make informed decisions. They may specialize in a particular area of data analysis, such as business intelligence, data mining, or machine learning. This course may be useful for freelance data analysts who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Business Coach
Freelance business coaches provide guidance and support to businesses and individuals who want to achieve their business goals. They may specialize in a particular area of business coaching, such as leadership development, strategic planning, or financial management. This course may be useful for freelance business coaches who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Financial Advisor
Freelance financial advisors provide financial advice and guidance to individuals and families. They may specialize in a particular area of financial planning, such as retirement planning, investment management, or estate planning. This course may be useful for freelance financial advisors who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Career Counselor
Freelance career counselors provide career advice and guidance to individuals who are looking for a new job or who want to advance their careers. They may specialize in a particular area of career counseling, such as job search strategies, resume writing, or interview preparation. This course may be useful for freelance career counselors who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.
Freelance Executive Coach
Freelance executive coaches provide coaching and support to executives and leaders who want to improve their leadership skills and achieve their career goals. They may specialize in a particular area of executive coaching, such as leadership development, strategic planning, or career transition. This course may be useful for freelance executive coaches who want to learn how to manage their finances effectively, set financial goals, and price their services competitively.

Reading list

We've selected 15 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Making Money as a Freelancer.
Provides a comprehensive overview of the freelancing profession, covering everything from finding clients to managing your finances. It's an essential resource for any freelancer who wants to build a successful business.
Offers a practical guide to starting and running a successful freelance business. It includes tips on finding clients, negotiating contracts, and marketing your services.
This widely popular book provides unconventional advice on optimizing one's time and achieving financial freedom by embracing a minimalist lifestyle, outsourcing tasks, and creating passive income streams. While not specifically tailored to freelancing, it offers valuable insights that can apply to anyone looking to improve their work-life balance and financial situation.
This comprehensive guide is invaluable for freelancers who need to understand the tax implications of their business. It covers topics such as filing taxes, deductions, and self-employment taxes.
Provides comprehensive guidance on personal finance, including budgeting, saving, investing, and planning for the future. It is useful for freelancers who need to manage their finances effectively.
Provides an overview of the gig economy and offers advice on how to succeed in this new type of work environment.
Offers a practical guide to starting and running a successful freelance business. It covers everything from finding clients to setting prices to marketing your services.
Provides a framework for building and validating a successful business, which is useful for freelancers who are starting or growing their business.
Challenges the conventional wisdom that you should follow your passion and instead argues that it is more important to develop valuable skills.
Provides strategies for improving your focus and productivity, which is important for freelancers who need to get work done independently.
Provides financial advice and challenges conventional wisdom about money and investing.

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