Where did my day go?

If you manage to get ahead on your workload you should not let emails, last minute changes, and rush jobs eat up your day.

Setting boundaries around scheduling using minimum time frames, ex: 72 hours for revisions, keeps expectations at bay.
And, charging rush fees helps discourage frivolous expediting.

You don’t want to grant any client control over your time.

Contractors don’t do that, unless they are on retainer.

This post originated at http://www.brazenhustle.com

Contractor Suicide

Having 1 client is contractor suicide.

Don’t do it, no matter how much they are paying you.

It is better to have more clients, even if some are paying you less.

Ideally, you will have a tripod of stability with at least 3 clients you do business with on a regular basis and a growing list of prospects that you are contacting occasionally with consistently.

1 client = 0 leverage

You may as well be an employee if you are going to have only 1 client.

This post originated at http://www.brazenhustle.com

You are not waiting for an assignment…

Sometimes your clients will assume that you don’t have much to do – just because you don’t have much to do for them.

At this point they may start sending you “rush” work or expecting things early. They imagine you sitting quietly, refreshing your inbox, waiting for an assignment from them.

But really, you are busy – working for your other clients. And, if you aren’t – then you need to be busy seeking more clients.

In most states its illegal for clients to micromanage you if you aren’t an employee. If you let them, you are blurring the lines between employee and contractor.

You want to keep those lines as sharp and crystal clear. Its really important to you and the tax commission too.

This post originated at http://www.brazenhustle.com

Expecting Overload

When your work revolves around strict deadlines, at times, you find yourself working around the clock.

So, when you must work around the clock – do it early on. Pulling a few 13 hour days, several days before the deadline, really makes a difference in how tolerable those long work hours are.

How? you are far less worried about getting it done on time when you are working ahead of schedule.

There is nothing more stressful than working all day and night under the pressure of a deadline. And, your work will be error prone. And, you won’t have time to fix it – or even catch the mistakes.

In short: your work will be sloppy, late, and it will be hard to keep that client when it comes time to raise your rate.

This post originated at http://www.brazenhustle.com

When should I file for S Corp Status?

The answer is pretty easy, you only need to file for S Corp status if you need to hire employees. You can do it if you are profiting off others as freelancers and contractors – but you don’t have to.

Yes, technically you can save some money on self employment tax as an S Corp – because you will pay yourself less than you charge and then you get to keep the profits, called disbursements (which are not subject to self employment tax).

But, here is the problem: If you are the only one working for you, then ALL the money you make is your earnings.

You, as self employed, do have the right to profit (employees do not) – but don’t use that as an excuse to weasel out of paying your taxes.

If the IRS decides you are not paying yourself a fair wage, you are in big trouble.

We aren’t self employed because its cheap or easy. We do it in order to be in control of our life and work.

This post originated at http://www.brazenhustle.com

Should you have a P.O. Box?

Having a P.O. Box seems to give a sense of security, but is it really safer than your mailbox?

I’ve seen some news reports of people stealing mail. I have received my neighbors mail. I received total stranger’s mail. I’ve received my own mail that was apparently sent to the wrong address as someone had written across the face of the envelope, “wrong address, return to sender”…

I feel super lucky that I have received all my checks and 1099s so far… I switched to a P.O. Box this year.

Ya, the post office is still not perfect and can still misplace letters – but it just seems like the right thing to do.

Let me know if you have a P.O. box and how it has worked out for you, or hasn’t!

This post originated at http://www.brazenhustle.com