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Actual for You - Corporate America vs. Freelancing - Are You Cut Out to Leave Security Behind?
Some things are simply a mystery and so goes the perceived role and importance that the Critical Care Transport (CCT) RN plays in the healthcare field. Other professionals seem to view us like mutts - a little bit of everything but certainly not a thoroughbred in anything.I once heard a co-worker describe the job as something between a magnified EMT and a bench warmer. Such flattery - but what can you do?Anyhow, I just wanted to
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some sta
Corporate sales and marketing teams are called upon annually to produce more sales with fewer resources. This is difficult enough when sales and marketing are both in the same location. However, modern sales organizations can span the globe.There is also a greater reliance on channel partners: resellers, distributors, agents, or even franchisees. Channel partners need to be highly effective as well; but the corporate marketing team h
These are just a couple of issues that one must contemplate when making the all important decision to leave corporate life for the freelancing life.
What does it take to become a Freelancer?
If one is serious about becoming a freelancer, a series of steps must be taken in order to prepare for the transition. While you are still employed, begin saving money with a vengence. It's wise to set aside 3-6 months of income aside for those times when jobs are few and far between. It is rare that a freelancer is able to stay consistently busy 12 months a year, every year. Think of it as an insurance policy for those times when you are in between jobs. You'll thank yourself later!
The next step is to consider health insurance. If you are offered COBRA at your job, take it. It's expensive, but invaluable if you need to seek medical care. Eventually, you can acquire your own private insurance or perhaps have a spouse or domestic partner add you to their policy.
What type of Freelancing are you interested in? There are all types of companies that offer long or short term contracting opportunities, especially in the HR and IT fields. This can be a great opportunity to gain experience in different fields while getting a steady check for a specific length of time. Some of these agencies even offer to withhold taxes for the employee, which alleviates the need for the employee to withhold the employer portion of taxes. Some people elect to work as a temporary employee on a full time basis. Some agencies offer basic health insurance for these types of employees and it also allows the employee to work when they want to work.
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some sta
Your company’s organizational strategy is centred around the development and communication of your Organization Chart. The Organization Chart takes the form of a graphical representation of the positions in your company. The top Position in the company (i.e. CEO or General Manager) is placed at the top of the Organization Chart. The various layers of management and supporting Positions are then arranged under the relevant management Positions
These are just a couple of issues that one must contemplate when making the all important decision to leave corporate life for the freelancing life.
What does it take to become a Freelancer?
If one is serious about becoming a freelancer, a series of steps must be taken in order to prepare for the transition. While you are still employed, begin saving money with a vengence. It's wise to set aside 3-6 months of income aside for those times when jobs are few and far between. It is rare that a freelancer is able to stay consistently busy 12 months a year, every year. Think of it as an insurance policy for those times when you are in between jobs. You'll thank yourself later!
The next step is to consider health insurance. If you are offered COBRA at your job, take it. It's expensive, but invaluable if you need to seek medical care. Eventually, you can acquire your own private insurance or perhaps have a spouse or domestic partner add you to their policy.
What type of Freelancing are you interested in? There are all types of companies that offer long or short term contracting opportunities, especially in the HR and IT fields. This can be a great opportunity to gain experience in different fields while getting a steady check for a specific length of time. Some of these agencies even offer to withhold taxes for the employee, which alleviates the need for the employee to withhold the employer portion of taxes. Some people elect to work as a temporary employee on a full time basis. Some agencies offer basic health insurance for these types of employees and it also allows the employee to work when they want to work.
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some sta
Make Sure You Understand Your Motivation for SellingAre you thinking about selling your business?This simple one-question quiz will help you to better understand your motivations behind this thought. A better understanding of your underlying motivations will help you make the right decision.Select the answer closest to your actual reason for thinking about selling your business.A. "I'm selling my business because
The next step is to consider health insurance. If you are offered COBRA at your job, take it. It's expensive, but invaluable if you need to seek medical care. Eventually, you can acquire your own private insurance or perhaps have a spouse or domestic partner add you to their policy.
What type of Freelancing are you interested in? There are all types of companies that offer long or short term contracting opportunities, especially in the HR and IT fields. This can be a great opportunity to gain experience in different fields while getting a steady check for a specific length of time. Some of these agencies even offer to withhold taxes for the employee, which alleviates the need for the employee to withhold the employer portion of taxes. Some people elect to work as a temporary employee on a full time basis. Some agencies offer basic health insurance for these types of employees and it also allows the employee to work when they want to work.
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some sta
The most difficult choices you’ll ever have to make as a manager are in choosing your battles. You need to answer three questions:1.) Which battles can be won? 2.) Which battles do I have to win? 3.) Which battles are best not to fight?You can’t win all battles. For example, you shouldn’t resist if a mugger sticks a gun in your back and demands your money. Other battles can be won but the price of winning is too high. T
What type of Freelancing are you interested in? There are all types of companies that offer long or short term contracting opportunities, especially in the HR and IT fields. This can be a great opportunity to gain experience in different fields while getting a steady check for a specific length of time. Some of these agencies even offer to withhold taxes for the employee, which alleviates the need for the employee to withhold the employer portion of taxes. Some people elect to work as a temporary employee on a full time basis. Some agencies offer basic health insurance for these types of employees and it also allows the employee to work when they want to work.
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some sta
Wouldn’t it be nice if you could just take a simple test to resolve your conflicts and have proper conflict resolution? A multiple choice test would be the best:1. The person you are in conflict with is?a. Controllingb. Indecisivec. DemeaningJust choose letter A, B or C and you magically uncover the solutions to all your conflict problems.How great and easy would that be!
For those interested in securing projects on their own, you must be careful to set aside taxes from your income. Federal Income Tax, Social Security Tax, Medicare Tax and in some states, State Income Tax will need to be withheld from your gross earnings. Remember that you will need to set aside both the employee and the employer portion of taxes from earnings. For example, Social Security tax is 6.2% so a total of 12.4% must be withheld for employee (6.2%) + employer (6.2%) portion of taxes. Same is true for Medicare tax (1.45%+1.45% =2.9% total).
Finally, you must have discipline to work on your own. Some will work from home, or perhaps at a coffee shop or another office space. Remember that whatever type of work you decide to do as a freelancer, be consistent when working. Know when it is feasible to take time off and when you must work in order to pay the bills. This type of profession offers alot of freedom and latitude in lifestyle, but it also presents new challenges to those not accustomed to those working in a structured environment.
Whatever your choice, do research and prepare yourself for financial obstacles and the job market. Read "How To" books while still employed and you will reap the benefits of the Freelance Life by being prepared.
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