5 things I wish someone had told me before you become 100% self-employed. Hope this helps some of you all.
1. Expect to work anywhere from 50-80 hours a week. No less than 50.
2. Charge the market rate for what you do. You can find your market rate at websites such as payscale.com
3. Have a vision for what you what to accomplish in the long term. This will provide energy when you are not feeling it.
4. Understand that if you go from being an employee to a full time entrepreneur and you live in the U.S. , that your taxes double. You go from paying 7.65% to 15.3%. Look it up.
5. Having a business is very similar to interacting with the opposite sex. If you try to please them they will cast you away. If you are strong and can guide them to a better future and not fall under their money spell and you’re consistent, they will continue to make room for you.
1. Expect to work anywhere from 50-80 hours a week. No less than 50.
2. Charge the market rate for what you do. You can find your market rate at websites such as payscale.com
3. Have a vision for what you what to accomplish in the long term. This will provide energy when you are not feeling it.
4. Understand that if you go from being an employee to a full time entrepreneur and you live in the U.S. , that your taxes double. You go from paying 7.65% to 15.3%. Look it up.
5. Having a business is very similar to interacting with the opposite sex. If you try to please them they will cast you away. If you are strong and can guide them to a better future and not fall under their money spell and you’re consistent, they will continue to make room for you.
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