One of the perks of going 1099 is you'll likely have opportunities to increase the amount of free time in your life. On my first project, I took Fridays off. It was great! No issues there. Three day weekends are very natural. But there were times when I intentionally or unintentionally took an extended time off (> 2 months). You would think that with all that free time I'd be ultra productive or doing something fun and interesting. Nope! I'm embarrassed to admit a lot of that time was spent binging on TV shows or doing stuff that was temporarily entertaining but made me feel bad in the end. Even if you don't like the 9-5 office life, it's easy to forget that it actually gives quite a bit of structure to your days. Sure working a 75% schedule is no big deal. Most people have enough errands or fun things to do to fill an extra 8-10 hours per week. But filling whole days at a time? Not so easy. So my recommendation to you is if you do find yourself with a lot of extra free time, enjoy the leisure, but also find projects or hobbies that take up a decent chunk of it on a regular basis. 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...