1st Edition

Free Agent The Independent Professional's Roadmap to Self-Employment Success

By Katy Tynan Copyright 2015
173 Pages
by Productivity Press

173 Pages
by Productivity Press

173 Pages
by Productivity Press

There is a seismic shift underway in the employer/employee relationship that is redefining the nature of jobs and careers. Sole proprietors and independent contractors now represent more than 20 percent of the workforce, and that number is expected to reach nearly 50 percent within the next 10 years. Despite the proliferation of people engaging in freelance and contract work, however, the path... Read more

THE EMERGING TREND OF THE FREE AGENT LABOR FORCE

The Roots of Workplace Change

The Drivers of Change
     Factor 1—The Great Recession
     Factor 2—Employer to Enemy
     Factor 3—The Patient Protection and Affordable Care Act (PPACA) 
     Generational Factors
A Case Study of the New Model

How We Got Here

HOW TO GET STARTED

Making the Transition from Employee to Free Agent

Setting Up Your Business

Your Professional Team
Corporate Structure
     1. What Business Are You In? 
     2. Who Do You Work With? 
     3. How Will Your Business Income Impact Your Taxes? 
     4. How Does the Business Structure Itself Protect You from Liability?

Finances and Accounting
Bank Accounts
Tracking Mileage and Expenses
Invoicing Clients in a Timely Manner
Stay on Top of Accounts Receivable

Paying Taxes

Insurance and Risk Management

Risk 1: Becoming Unable to Work
Risk 2: Lawsuits

Pricing, Proposals, and Contracts
Proposals
     About Your Company
     Scope of Work
     Pricing and Terms
Contracts
     Contracts, Agreement, and MSAs (Oh My!) 
     Nondisclosure or Confidentiality Agreements

Getting Your First Client

Networking and the Art of Getting More Clients

STRATEGIES FOR LONG-TERM SUCCESS AS AN INDEPENDENT PROFESSIONAL

Optimizing Your Independent Career

Co-Working and Connecting with the New Community of Independent Professionals

Building a Brand

Delivering a Great Result

Balancing Independent Work and Life
Rest and Recharge
Connect with Other Independent Professionals
Keep Improving Your Technique
Make Time for Family

Challenges and How to Overcome Them
The Dry Spell
Burnout
Stretching Yourself Too Thin
Bad Clients
Scope Creep

References and Notes
Introduction

Appendix A

Index

Biography

Katy Tynan