Following your energy sounds like "woo" advice but I've actually found it to be incredibly useful in several ways.
If your W2 job drains of you of energy, that's a clue something needs to change. This could mean going 1099, if that idea gives you energy. Or it could just mean getting a different job. You'll need to find the right solution, but the primary data point is your energy level. If you want to be more productive, do more things that energize you. You will naturally find the time to do them. You won't have to rely on discipline. I always find time for writing because that energizes me. I almost never find time for data analysis because that drains my energy, so I have to rely on discipline during work hours. Following your energy means doing things that feel meaningful to you. If you feel lethargic, it's probably because you've ignored your own energy sources. Once you follow the energy, you'll feel better and more like an active participant in your own life, rather than a sad, passive observer. Following your energy is a bit of a nuanced thing. The idea of going 1099 energized me when I was a W2. It wasn't the fact of going 1099 that inherently interested me, but rather, having more autonomy and getting away from corporate nonsense. But staying a 1099 no longer energizes me because I got what I wanted, and now I want different things. I have to follow new things that energize me. So pay attention to and follow your energy. It's a great shortcut to making big changes, becoming productive, and more satisfied with your life. If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: |
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.
One of the reasons a company would bring on a 1099 or a sub-contractor is because bringing on a full time W2 employee would be too risky. If a contract has a limited amount of time left on it and there is a vacancy, companies may not want to hire someone because they're not sure if they'll have billable work for the employee after the contract ends. This is when hiring a 1099 would make sense, even if it reduces their margin. They're trading margin in exchange for a lower risky profile. In...
Hi all, Not returning to the newsletter just yet but thought I'd send out a link to an interview I did with Jonathan Stark on his podcast, Ditching Hourly. https://podcast.ditchinghourly.com/people/dale-davidson Jonathan advocates for getting away from hourly billing in your independent consulting practice. I agree, but I discuss why that's difficult in government contracting but why it might be okay anyway, particularly if you're jus getting started. He's a great follow for those of you who...
Hi all, I've enjoyed writing this newsletter for over a year now, but I've decided to take a hiatus for the time being. There is an extensive archive if you'd like to go back and read the previous ones. As always, if you have 1099 questions, feel free to ping me via e-mail at dale@1099fedhub.com. Good luck to you all! -Dale If you're interested in learning how to get your first solo 1099 federal sub-contract, check out my book: Going 1099: How to become a solo federal sub-contractor and gain...