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.
Can you poach yourself to 1099 status?
On one of the sub-contracts my company is on, I learned an interesting detail about how the prime handles candidate submissions from companies that are teammates on the same contract. Say my company, Custom Analysis, is on the contract and Raytheon is on the contract. We are both subs to Booz Allen (these are all hypothetical). I find a great person for the position who is a current Raytheon employee and submit him for an open position. In my particular scenario, the prime, Booz, has said in this scenario, they would only accept the employee from Custom Analysis IF he is not already on this particular contract. Basically, if he is currently working for Raytheon on the same contract, they want to prevent poaching amongst the sub-contractors. However, if the Raytheon employee is on an entirely different contract, they will accept him. This seems like a good policy to maintain harmony on the team. Now, how does this apply to a 1099 scenario? Well, in the example above, it's a little bit ambiguous because you're not being poached per se by a teammate, but rather, you are trying to become a new teammate to the prime and poaching yourself. The letter of the law may favor you. However, there is the spirit of the law that the prime program manager might want to observe, particularly if they have a good relationship with your company. These are the types of dynamics you may need to get a feel for, particularly if you're trying to flip your current job into a 1099 role and you are working for a sub-contractor. This is why in my book I recommend having a conversation with the prime PM (if you are workin for the sub) to get a sense for if they'd be willing to go through with it. It's not quite a Game of Thrones level alliance dynamic issues, but it's something to be mindful about. 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.
Me enjoying the workplace dramaSource I just met with a friend who is a deputy PM for a contract. He mentioned some drama with a few of his employees on the contract (HR complaint, desire for recognition, etc.). These employees give him headaches, even though the work is acceptable. He said if they would just do their work and keep their head down everything would be fine. You, as an aspiring 1099, could have an advantage if you're known for simply being a quiet professional. If you just do...
Mr. Miyagi is a 1099 SMESource In my book, I make a point that if you're already pretty senior (management level) at a company, it will be a little tricky to go 1099 (at least, using my methods) as there are less spots for senior people and most companies won't want to bring on a management level person as a 1099. I think if you're at this level, you have a few options. The first option is to fall back to an individual contributor type role. This might mean going back to doing work you did a...
1099 investment strategy resultsSource In personal finance, there is a difference between active investing and passive investing. Active investing involves looking for the next great investment to trade or buy. You research companies, analyze the data, and then buy or sell based on your findings. You are trying to beat what you can get from the broader stock market. Passive investing means putting your money into things like index funds. You basically just buy and hold and try to get normal...