There's a truism about employee attrition that says employees don't leave bad companies, they leave bad bosses. Basically, a bad boss is a push factor, something negative that makes you want to change. A pull factor, is something positive that attracts you to leave. You may have a good boss, but an even better boss with better money is available to you at another company. My path to going 1099 was mostly motivated by push factors. I wanted to get out of the nonsense of employee life. I didn't perform well in hierarchical organizations, or just in organizations generally. I didn't like doing performance reviews. I also wanted more control over my time. The quickest path to getting away from these problems was to go 1099. Getting another job would have given me more of the same, but perhaps with more money. Your motivations for wanting to go 1099 may be different than mine, but I'd pay special attention to the push factors. It may give you more options or eliminate certain possibilities. If your only push factor is you feel you're getting underpaid, you can simply get another job. If your primary push factor is a bad boss, you could just switch teams. You don't have to go 1099. Generally speaking, reducing sources of unhappiness matters more than adding new types happiness. Going 1099 addressed a bunch of push factors for me, which is what made it attractive. It was probably the best career move I've made to date. But if there were other paths to getting more autonomy and money, I don't think 1099'ing on federal government projects would have been my first pick. So focus on coming up with ways to address your push factors or reduce the things that make you unhappy, this will impact your quality of life far more than adding new things that you want. 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...