Is Becoming An Independent Contractor a Smart Move?

By Shirin Khamisa | Advice

Mar 13

Is Becoming An Independent Contractor
a Smart Move?

DearFriend,

Once upon a time, those who had difficulty landing a salaried job with a stable company had to come up with creative solutions like temping, and freelancing.

Today however, more and more folks are passing on so-called secure positions in order to work in what is now called the ‘gig economy.’

Did you know that contractors, temps and freelancers now make up 34% of the workforce? And according Brad Smith, CEO of Intuit, this number is expected to grow to 43% by 2020!

So is the working in the gig economy right for you?

It depends.

Are you looking for greater flexibility and mobility? Want to expand your network and work on a variety of projects. These are some of the benefits if you work as a contractor.

Of course, to thrive in the gig economy, you are going to need some serious business skills. Are you willing to do what it takes to sell your services to potential clients – over and over?

Are you able to manage your money so that you can handle fluctuating pay? Are you disciplined enough to save what you need for tax time… and retirement?

These are all things you need to consider when you are working in the gig economy. Like anything else, there are pros and cons to doing contract work. And you need to weigh them.

Check out some of our articles below to find out more or consider hiring a Careers by Design coach to help you decide if this option is right for you!

To your success,


More About The Gig Economy:

How to Boost Your Security in the Gig Economy – Careers by Design Blog

The Benefits (and Drawbacks) of Working on Contract  – Workopolis with Lee Weisser

Should I be an Employee or an Independent Contractor?

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About the Author

Hi! I'm Shirin and I founded Careers by Design over ten years ago and have spent many more years helping people to get “More Happy Mondays.” I’m a caring Career Counsellor and ICF Certified Professional Coach. I specialize in assisting clients to choose a career direction, resolve career-related issues and increase feelings of happiness in life and work. Let's create More Happy Mondays! Find out more at Careers by Design.

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