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.
My approach to short term gigsSource One of the reasons a prime may want to bring on a 1099 is because they have a vacancy on a contract that is ending in less than six months or sooner. Taking on a full time employee may be risky if the contract doesn't get extended or if they lose the re-compete, so bringing on a 1099 is a good compromise. The question is, should you take a short term gig? Here are a few factors I'd consider: If the contract ends and you're out of a job/gig, how easily...
Budget with air quotes is how most 1099s plan their moneySource Once you go 1099, your income becomes a little more variable. I say a little more because in the federal space, your work is pretty consistent and likely near full time. But, there are months where you take a vacation and that means you'll get paid maybe 50% less than a normal full time month. If you normally get paid $20,000/month and you take a two week vacation, you'll get paid $10,000. This is not a big deal overall, but if...
A valuable new skill to add to the resumeSource If you're good at what you do, you probably realized that you can do your job in far less than forty hours per week. The problem is as a W2 employee, you probably have lots of non core tasks to do (meetings, proposal work, etc.). But when you go 1099, you're just expected to do the core job. There is no manager to hover over you and give you extra stuff, so you find yourself with all this free time, even if you still have to be on site with the...