Let me put it more precisely: This is my personal experience, which I've also observed in many other freelancers: When we love our work, we tend to approach tasks with excessive optimism. This positive attitude is fundamentally valuable and drives us forward – however, it harbors a hidden danger. Instead of realistic time planning, our estimates are often based only on the ideal scenario. We systematically underestimate complications, client corrections, and unpredictable hurdles. Reality usually looks different: The client has additional change requests, technical problems arise, or we overlook the complexity of certain subtasks. This not only leads to deadline pressure but also gradually to unpaid overtime and a declining effective hourly rate.
An additional challenge, particularly with fixed-price projects, is having too little experience to estimate them correctly. This problem is intensified by the fact that, especially at the beginning of freelance work, you might not dare to communicate "too high amounts" to the client. This means there are multiple challenges that can often only be solved through experience.
My initial thought: I believed I could better master these challenges if I could access data that shows me exactly how these challenges stand. So I needed time tracking, which is essential to collect this data in the first place, but I wanted to go a step further and develop a solution that not only shows me the corresponding efforts but also enables analysis of this data at a glance at any time. The main metric was and is for me the value of the actual hourly wage. Whether I can solve the challenges mentioned above can ultimately be read from this one metric.
With Evolve Tracking, I created the solution that provides me with these insights – and hopefully soon you too. Suddenly you see in black and white that a seemingly lucrative project loses its profitability when you factor in all the small time-wasters: the additional coordination rounds, unexpected problems, subsequent change requests. This transparency opens up a completely new perspective and strengthens your confidence in client negotiations. Instead of arguing based on gut feeling, you can rely on concrete data. "The last three comparable projects took an average of 30% more time than originally calculated" is an argument that carries weight. When you know that you're currently working for an actual hourly rate of only $15.50, then you know something needs to change here. With this data-based confidence, you can not only address necessary changes in collaboration but also justify and implement them convincingly. Or draw the consequences and focus on clients with whom sustainable cooperation is possible.
This is exactly where Evolve Tracking comes in – it helps you recognize your actual efforts and calculate future projects more realistically.