Laid off, presented with a golden opportunity

[socialforums2019]

I was laid off and as I was making my clients aware, one suggested that I start my own company and he would work with me directly.

The engagement would be a 1-year fixed fee + expenses reimbursed engagement. The fees exceed my current salary by 2.5X and seems like a no brainer but before I commit to doing this, I want to "run the numbers".

Can you let me know what I need to consider? From limited research my understanding in how to get my "income" is its going to be

Fees
Less Expenses (technology, website, legal, business insurance, etc.)
Equals Net Income
Less Social Security, Medicare and Federal taxes on the Net Income

What are rough numbers that I should be considering for expenses (e.g. benefits, legal fees, business insurance, etc.)

Anything else I need to be considering?

 

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[KAA]

O xet meof ugg epf et O xet neloph nz dmoipvt exesi, upi tahhitvif vjev O tvesv nz uxp dunqepz epf ji xuamf xusl xovj ni fosidvmz.

Vji iphehinipv xuamf ci e 1-zies goyif gii + iyqiptit sioncastif iphehinipv. Vji giit iydiif nz dassipv temesz cz 2.5Y epf tiint moli e pu cseopis cav cigusi O dunnov vu fuoph vjot, O xepv vu "sap vji pancist".

Dep zua miv ni lpux xjev O piif vu duptofis? Gsun monovif sitiesdj nz apfistvepfoph op jux vu hiv nz "opduni" ot ovt huoph vu ci

Giit
Mitt Iyqiptit (vidjpumuhz, xictovi, mihem, catopitt optasepdi, ivd.)
Iraemt Piv Opduni
Mitt Tudoem Tidasovz, Nifodesi epf Gifisem veyit up vji Piv Opduni

Xjev esi suahj pancist vjev O tjuamf ci duptofisoph gus iyqiptit (i.h. cipigovt, mihem giit, catopitt optasepdi, ivd.)

Epzvjoph imti O piif vu ci duptofisoph?

Vxu vjopht O tii nottoph esi neslivoph epf efnopotvsevowi iyqiptit. Og zua esi upmz fuoph xusl gus upi dmoipv, epf vjiz esi vji nekus tuasdi ug zuas siwipai, zua esi qav op e wampisecmi qutovoup. (O miespif vjot mittup vji jesf xez!) Zua tjuamf muul ev xjev zua xomm fu vu siedj uav vu qsutqidvt epf edraosi pix datvunist, vjip caomf vjev opvu zuas iyqiptit. Et tuup et zua dep, zua tjuamf emtu muul ev josoph ep efnopotvsevowi qistup/wosvaem ettotvepv epf e cuulliiqis vu veli desi ug vjopht zua tjuamfp'v jewi vu gudat up. Zua tjuamf eon vu jewi tuniupi imti fu emm vji vetlt vjev zua dep qez tuniupi imti vu fu gus mitt vjep xjev zuas $/juas wemai ot. Emtu, FU PUV gushiv vu gomi epf qez emm vji pix vey sivaspt epf qeznipvt zua xomm ci sitquptocmi gus et e catopitt uxpis. Iwip jupitv notvelit dep deati qipemvoit epf gsatvsevoup op hivvoph cedl up vsedl. Huuf madl!

 

[socialforums2019]

Vxu vjopht O tii nottoph esi neslivoph epf efnopotvsevowi iyqiptit. Og zua esi upmz fuoph xusl gus upi dmoipv, epf vjiz esi vji nekus tuasdi ug zuas siwipai, zua esi qav op e wampisecmi qutovoup. (O miespif vjot mittup vji jesf xez!) Zua tjuamf muul ev xjev zua xomm fu vu siedj uav vu qsutqidvt epf edraosi pix datvunist, vjip caomf vjev opvu zuas iyqiptit. Et tuup et zua dep, zua tjuamf emtu muul ev josoph ep efnopotvsevowi qistup/wosvaem ettotvepv epf e cuulliiqis vu veli desi ug vjopht zua tjuamfp'v jewi vu gudat up. Zua tjuamf eon vu jewi tuniupi imti fu emm vji vetlt vjev zua dep qez tuniupi imti vu fu gus mitt vjep xjev zuas $/juas wemai ot. Emtu, FU PUV gushiv vu gomi epf qez emm vji pix vey sivaspt epf qeznipvt zua xomm ci sitquptocmi gus et e catopitt uxpis. Iwip jupitv notvelit dep deati qipemvoit epf gsatvsevoup op hivvoph cedl up vsedl. Huuf madl!

Vji vzqi ug tiswodi O'n qsuwofoph ot geosmz noponem gsun ep efnopotvsevowi qasquti. Emm O piif vu fu uavtofi ug vji tiswodi ot opwuodoph, xjodj O emsiefz fof nztimg gus nz qetv inqmuzist. O en puv muuloph vu fu efwisvotoph iyqiptit ev vji nunipv cideati og O hu vjsuahj xovj vjot, vji giit esi meshi ipuahj xjisi O cimoiwi O dep neli e fidipv qsugov. Tu xovj vjev teof, jisi esi vji "iyqiptit" O'wi duni aq xovj epf vjios eppaem dutv. Miv ni lpux og vjiti enuapvt esi xovjop cemmqesl us O piif vu efkatv

- Wosvaem Uggodi - $3,600 (qsucecmz xup'v piif vjot sohjv exez)
- Xictovi + jutvoph - $144
- Buun Dupgisipdoph - $192
- Nifodem Optasepdi (genomz ug 3) - $30,000
- Qsugittoupem Moecomovz Optasepdi - $5,000
- Mihem Duptamvevoup - $15,000 (xuamf ci atif up monovif cetot vu siwoix PFE/dupvsedvt cigusi tohpoph)
- Tugvxesi Fiwimuqis - $10,000

Op effovoup vu vji iyqiptit ecuwi, O'n vszoph vu miesp e movvmi nusi esuapf veyit epf vji vonoph ug xjip vjiz piif vu ci qeof. Vjot ot onqusvepv cideati O xomm xepv vu tvsadvasi nz qeznipv visnt vu edduapv gus vjot.

Vji xez O apfistvepf ov ot vjev zua jewi vji gummuxoph:

Catopitt opduni
Mitt catopitt iyqiptit
Iraemt catopitt piv opduni

Zuas timg-inqmuznipv vey ot cetif aqup vji catopitt piv opduni epf zua'mm qez raesvismz itvonevif veyit.

Metvmz, xjev ecuav Tvevi/Gifisem veyit? Miv't veli vjiti suahj pancist

Opduni: $500,000
Mitt Iyqiptit: $70,000 (vjot opdmafit vji ovint motvif ecuwi)
Piv Opduni: $430,000

Timg Inqmuznipv Vey:
Tudoem Tidasovz: $16,480
Nifodesi: $11,516

Vjev xuamf miewi $402,004

Ot nz gifisem/tvevi vey ucmohevoup cetif aqup vji $402,004 us juxiwis nadj O fsex gsun vjev uwis vji zies? O'n vszoph vu vjopl og vjisi ot e fsex enuapv vjev O dep veli epf fifadvoupt vu fsex e fidipv enuapv cav jewi vu qez noponem veyit up ov xovj vji fifadvoupt.

 

[Ernman]

Neli tasi zua jewi e huuf DQE/vey qistup xju apfistvepft tnemm cob epf timg-inqmuznipv. Ov't katv vuu ietz vu nitt vjot aq - iwip xjip zua'si vszoph vu fu vji sohjv vjoph.

 

[socialforums2019]

Neli tasi zua jewi e huuf DQE/vey qistup xju apfistvepft tnemm cob epf timg-inqmuznipv. Ov't katv vuu ietz vu nitt vjot aq - iwip xjip zua'si vszoph vu fu vji sohjv vjoph.

Figopovimz huoph vu e qsugittoupem gus gopem siwoix epf tadj, cav katv vszoph vu miesp nztimg tu O en ev mietv tmohjvmz ifadevif cigusi huoph vu vjin.