Offline dengan aplikasi Player FM !
252: Finance Friday: Self-Employed Revenue, Health Insurance, and Hiring
Manage episode 308045392 series 2566047
It takes a leap of faith to leave a W2 job and wander through the hills and valleys of self-employment. With the right skill set, time management, and perseverance, you can come out more profitable (and happier) than you were originally at your old job. But, once you succeed, it may be hard to slow down the self-employment train, and your side-gig could become a full-on business, with the need for employees.
TJ has put herself in a phenomenal position, both financially and income-wise. She left her job to become a full-time consultant but knows she won’t be able to expand without hiring her first employee. Her business would need an employee to bring in more revenue, BUT she needs more revenue to bring on an employee. What would you do in this situation?
Scott and Mindy have both spent time outsourcing and hiring before. They help TJ develop a roadmap to getting her first hire on board while keeping crucial revenue in the business. This episode also dives into self-employed health insurance, project management, and hiring a junior position that can grow into a senior in little time.
In This Episode We Cover
Why it’s imperative to keep your costs low while trying to run a business
What to do once you’ve hit your max capacity for work at your business
Whether or not now is the time for you to hire your first employee
Fully mapping out the cost of a full-time vs. part-time worker on your team
Putting together a business plan that allows you to forecast your business’s future
Health insurance while self-employed and why an HSA plan may be your best bet
And So Much More!
Learn more about your ad choices. Visit megaphone.fm/adchoices
523 episode
Manage episode 308045392 series 2566047
It takes a leap of faith to leave a W2 job and wander through the hills and valleys of self-employment. With the right skill set, time management, and perseverance, you can come out more profitable (and happier) than you were originally at your old job. But, once you succeed, it may be hard to slow down the self-employment train, and your side-gig could become a full-on business, with the need for employees.
TJ has put herself in a phenomenal position, both financially and income-wise. She left her job to become a full-time consultant but knows she won’t be able to expand without hiring her first employee. Her business would need an employee to bring in more revenue, BUT she needs more revenue to bring on an employee. What would you do in this situation?
Scott and Mindy have both spent time outsourcing and hiring before. They help TJ develop a roadmap to getting her first hire on board while keeping crucial revenue in the business. This episode also dives into self-employed health insurance, project management, and hiring a junior position that can grow into a senior in little time.
In This Episode We Cover
Why it’s imperative to keep your costs low while trying to run a business
What to do once you’ve hit your max capacity for work at your business
Whether or not now is the time for you to hire your first employee
Fully mapping out the cost of a full-time vs. part-time worker on your team
Putting together a business plan that allows you to forecast your business’s future
Health insurance while self-employed and why an HSA plan may be your best bet
And So Much More!
Learn more about your ad choices. Visit megaphone.fm/adchoices
523 episode
Semua episode
×Selamat datang di Player FM!
Player FM memindai web untuk mencari podcast berkualitas tinggi untuk Anda nikmati saat ini. Ini adalah aplikasi podcast terbaik dan bekerja untuk Android, iPhone, dan web. Daftar untuk menyinkronkan langganan di seluruh perangkat.