Last month I was ready to start a new project as a 2nd tier sub-contractor over at ODNI with a company called DigiFlight.
I had interviewed with the prime (Peraton), sent over some security clearance paperwork, signed a 1099 consultant agreement with DigiFlight, and even received an EOD (Entrance on Duty) date.
Once I got the EOD date, which I assumed meant it was a done deal, I told my current prime that I was leaving in a few weeks and that I'd like to replace myself.
In fact, the only reason I took the new gig was so I could hire someone to replace myself and make more "passive" income from my new employee.
Here's what happened:
So, even after being in the 1099 game for seven years now, bad luck still happens and not all opportunities pan out.
Whether you're still trying to get your first 1099 project or your second or tenth, weird stuff will happen. That's okay and to be expected.
Do your best to take it in stride.
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...