Going 1099 is a book that teaches you how to become a solo federal sub-contractor and gain control of your working life, earn more money and unlock more free time. I wrote it because quite a few people have asked me how they can become a 1099. I figured it was best to write a single book that I can send them and that I can share with others who are interested. This newsletter goes out Monday - Friday and covers topics that will help you succeed in starting and maintaining successful 1099 career.
1099 to Small Biz: Beware of administrative overhead
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When I first went 1099, I thought there was going to be lots of administrative nonsense to deal with. I was wrong! As a solo 1099, it's actually pretty minimal. There are a few hours required at the beginning of a sub-contract to get things set up, and then maybe a few hours every month to do things like invoicing, setting up a networking coffee meeting, logging expenses, etc. Not a bad pay off for boosting your income 50%! But let's say you get ambitious and want to grow the company (multiple contracts, more employees, etc.). It's not an incremental growth in administrative overhead. It's several multiples! Here is all the stuff you have to deal with now:
No single thing is a big deal. But your brain gets fried trying to coordinate everything and when you have your own billable gig/day job to worry about it, it can be a real drag. The pay off can be worth it, but it takes some pain to get there, the type of pain you may have been trying to avoid in the first place by becoming a solo 1099. If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: |
I'm Dale, the author of Going 1099
Going 1099 is a book that teaches you how to become a solo federal sub-contractor and gain control of your working life, earn more money and unlock more free time. I wrote it because quite a few people have asked me how they can become a 1099. I figured it was best to write a single book that I can send them and that I can share with others who are interested. This newsletter goes out Monday - Friday and covers topics that will help you succeed in starting and maintaining successful 1099 career.
Rocky was a 1099 If you're a decently skilled employee in the government contracting world, there is no reason you shouldn't be able to go 1099. The main differentiator I've seen between people who claim they want to go 1099 and the people that actually do it, are that the people who pull it off are just a little more aggressive (assuming they are equally skilled, in desirable fields, etc.). The successful ones "pester" their network a bit more, negotiate a bit harder, and push to go 1099 for...
Offering half a muffin can often be helpfulvia X When you're trying to go 1099, you're largely focused on what you want. Imagining getting what you want is highly energizing and motivating, so it's easy to focus our energies there. But it's important to focus on what you can do to help others. For example, when you network with people, see if there are ways you can assist them. Maybe they have a friend looking for a job in your field, and you can meet them for coffee and make an introduction...
Treat Yo Self ... to non-billable funvia Reddit One of the fun parts about going 1099 is find opportunities to increase your billable rate. My own billable rate progress sent from something like $85 -> $100 -> $110 -> $115 -> $160 ->$180 per hour over an eight year period. Those early rate increases made a big differences. Actually all of them made a big financial difference. But the thrill of bumping up your rate wears off quickly, and then you're left with figuring out how to make your work...