Planning the year ahead.... Planning the year ahead....
Page 1 of 4 123 ... LastLast
Posts 1 to 10 of 38
  1. #1

    My post count is Majestic

    MarillionFan is a fount of knowledge

    MarillionFan's Avatar
    Join Date
    Jul 2005
    Location
    .
    Posts
    35,969

    Default Planning the year ahead....

    I've always been a little bit anal when it comes to planning the contracting year ahead. As much as I like to be a free spirit of capitalism I do have this rather OCD approach to meticulously planning my finances a year ahead.

    I have just completed this years 'contracting calendar'. And with all plans I can only go to the end of the present contract and place a risk ratio on an extension for another 3 months.

    For this I plan

    1) All of the days presently guaranteed (green)
    2) All of the days most likely based on renewal(orange) with a percentage of it taking place(75%)
    3) Then I put placeholders for holidays(ie red - won't be available)
    4) Then I put blue for 'expected days - either existing contract or a new one' with another percentage (25%)
    5) Then I leave the rest unknown
    6) A summary then calculates the days and an input is left for the 'unknown days' which I can input into.

    I then place my expected take home rate after expenses multiplied by 70% in the take home column.

    This then inputs into a rather complex spreadsheet of bank accounts, investments, other incomes(which may have a sheet of it;s own), interest, bills, taxes, average spending, costs of holidays, pensions, savings for kids etc by month.

    I then key in different numbers into 6 for the days unaccounted for, which filters through and gives me the expected positions (worst case, average, best case) at the year end.

    I then update this monthly all year based on the previous month and adjust accordingly.

    Of the other contractors I know well, all do something similar. What does everyone else do???
    What happens in General, stays in General.
    You know what they say about assumptions!

  2. #2

    My post count is Majestic

    AtW is always on top

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    54,992

    Default

    Sounds like a lot of Lotus 123 malarkey.

  3. #3

    My post count is Majestic

    MarillionFan is a fount of knowledge

    MarillionFan's Avatar
    Join Date
    Jul 2005
    Location
    .
    Posts
    35,969

    Default

    Quote Originally Posted by AtW View Post
    Sounds like a lot of Lotus 123 malarkey.
    It comes from having a business and a sales background. Tell me you don't do a sales forecast and pipeline plan for the year and next.
    What happens in General, stays in General.
    You know what they say about assumptions!

  4. #4

    My post count is Majestic

    AtW is always on top

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    54,992

    Default

    Quote Originally Posted by MarillionFan View Post
    It comes from having a business and a sales background
    That's why you are always full of tulip

  5. #5

    My post count is Majestic

    MarillionFan is a fount of knowledge

    MarillionFan's Avatar
    Join Date
    Jul 2005
    Location
    .
    Posts
    35,969

    Default

    Quote Originally Posted by AtW View Post
    That's why you are always full of tulip
    "You must spread some Reputation around before calling AtW a cheeky **** again"
    What happens in General, stays in General.
    You know what they say about assumptions!

  6. #6

    Godlike

    Doggy Styles is a permanent contractor


    Join Date
    Nov 2008
    Posts
    9,818

    Default

    Quote Originally Posted by MarillionFan View Post
    It comes from having a business and a sales background. Tell me you don't do a sales forecast and pipeline plan for the year and next.
    I don't. Now I feel inadequate.

  7. #7

    My post count is Majestic

    AtW is always on top

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    54,992

    Default

    Quote Originally Posted by MarillionFan View Post
    "You must spread some Reputation around before calling AtW a cheeky **** again"
    What's your sales forecast for sledges this year?

  8. #8

    My post count is Majestic

    AtW is always on top

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    54,992

    Default

    Quote Originally Posted by Doggy Styles View Post
    I don't. Now I feel inadequate.
    Get a cool avatar to fit in.

  9. #9

    My post count is Majestic

    MarillionFan is a fount of knowledge

    MarillionFan's Avatar
    Join Date
    Jul 2005
    Location
    .
    Posts
    35,969

    Default

    Quote Originally Posted by AtW View Post
    What's your sales forecast for sledges this year?
    "Zero. But I have forecast £24 Million from my new 'Distributed Computing Project aimed towards building the largest search engine index on the Internet using Distributed Crawlers' company" - Minestrone.
    What happens in General, stays in General.
    You know what they say about assumptions!

  10. #10

    My post count is Majestic

    AtW is always on top

    AtW's Avatar
    Join Date
    Jul 2005
    Posts
    54,992

    Default

    Quote Originally Posted by MarillionFan View Post
    "Zero. But I have forecast £24 Million from my new 'Distributed Computing Project aimed towards building the largest search engine index on the Internet using Distributed Crawlers' company" - Minestrone.


    There is 2 and 4 in my forecast for next FY too! Also - £.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •