Maximising Profit

Profit maximisation is a missed used term as it directs you to the difference between your charge out rage and what it costs you to provide your services. At IFA what we are more concerned with is to ensure the long-term financial wealth of freelancers through a bespoke professional Financial Plan.

This requires the advice of a qualified and Independent Financial Planner. The process that is recommended is that you set your financial targets to be achieved over a 10 year period and break this down into year on year accumulate targets to enable you to measure your success and take action if your targets are not being met.

Your Financial Planner will break your requirements in to three areas and should cover as a minimum the following topics:-

Managing your Business Finances

  • Running your office, rent, heating, furniture , telephone, internet etc
  • Administration support, accountants, book keeping, legal etc
  • General expenses
  • Travel and working away from home office accommodation
  • Bank charges and finance
  • PCs, printers, stationery, mobile phone etc
  • Insurances (business liabilities/operations and Key Man)
  • Cost of new equipment and tools
  • Car running costs
  • Your projected earnings
  • Leakage from poor money management
  • Corporation tax, VAT, NI and PAYE


Managing your Family/Personal Finances

  • Mortgage requirement and suitability
  • Pension
  • Life Insurance
  • School fees
  • Family monthly budget requirements
  • Investments
  • Inheritance tax
  • Wills


Wealth Planning and Maximisation

  • Setting of realistic financial targets
  • Assessing potential for achievement
  • Adjusting financial model to address issues
  • Generating a Financial Plan with your full endorsement
  • Proving you with annual Key Performance Indicators (KPIs) and meeting schedule



IFA Service Providers will provide you with contact specialists in the above areas.