Being an Independent Contractor Gives You the Best of Both Worlds: Having Your Own Business with the Help of a Bigger Business
There are several different ways to have your own business. If you wish to be your own boss but are uncertain about the ways to run the business and marketing aspects of it all, then maybe being an independent contractor may be the best way . This gives you the freedom to do the job you want to and to set your own hours with the assistance from the company you are a contractor for. They give you a steady business, vendor management and contract management, and often times health insurance and benefits.
One good example of a job where you are your own boss as an independent contractor but work in someone’s else’s space is that of a cosmetologist. Most salons run by renting out their booths or chairs to the stylist . In return for the rental fee they receive a workspace complete with all of the salon necessities like coloring, shampoo and othervarious hair products, a good client base, and a business they do not have to run . It works the same for people who do facials, waxing and massages in salons as well.
Another example of a career that supports being an independent contractor is in the business of real estate. Whether it is residential or commercial , most brokers are compensated by commission only and not a salary. As a contractor they can utilize the marketing benefits of a large real estate company and use their resources like their website listings to help with their real estate business. The computers, copiers and all of the marketing materials are included and when the broker closes a sale a small percentage of their sales goes to the larger company where they have an office. This is a win-win for both the broker and the business that hires them .
One final way of how you can have your own business while having the support of a bigger company is someone in the exercise or fitness type of jobs . Tennis instructors that work twelve months out of the year need a tennis club to teach at but are often given complete freedom to run a specific tennis program when they are hired by a club. A lot of tennis pros are paid per hour but some others also get paid a percentage of the classes that they create at the club. This creates complete freedom for the teaching pro of how he would like to teach and at the same time has the benefit of working in a club indoors in the winter and using outdoor courts to teach on in the summer too .
The only thing you must be aware of as an independent contractor is that no taxes are withdrawn from your pay so putting aside that money and filing your taxes every four months will help avoid a shock when you owe a great deal of money come April 15th . Other than that, many workers in various fields enjoy having their own job in their control with a little help from a bigger company.