Many of the questions I get about going 1099 concerns the administrative stuff (forming an LLC, getting insurance, etc.). While I'm happy to share that information (I include it in the book), I always emphasize that the first thing you need to do is actually get a 1099 gig, the admin stuff can come later. There are a couple of reasons people gravitate towards the admin stuff though. The first is that it is easier than doing the hard work of building skills, networking, and then pitching a 1099 gig to prime PMs. It's a form of procrastination. The second is that aspiring 1099s are deeply worried about going to jail or getting sued or not getting a 1099 gig at all if they don't do the admin stuff first. Caring about the admin prematurely is a way to reduce anxiety. But I recommend crossing that bridge when you get to it. You should realize that you can do the admin stuff relatively quickly, but no amount of admin work will, on its own, get you a 1099 gig. Cross that bridge when you get to it, and not any earlier. --- The fact that you can’t cross bridges before you come to them is liable to seem dispiriting, as if it leaves us with no option but to keep trudging vulnerably into the fog, trying not to think about sinkholes. But it contains a hidden gift. After all, if you’re hopelessly trapped in the present, it follows that your responsibility can only ever be to the very next moment – that your job is always simply to do what Carl Jung calls ‘the next and most necessary thing’ as best you can. Now and then, to be sure, the next most necessary thing might be a little judicious planning for the future. But you can do that, then let go of it, and move on; you needn’t try to live mentally ten steps ahead of yourself, straining to feel sure about what’s coming later. You get to stop fretting about literally everything other than how to spend the next instant in a wise, enjoyable or otherwise meaningful fashion. Finite human beings need never worry about anything else. 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...