Lol, I would never go back, but there are times I miss certain things about it. It could be very rewarding, since drywall is what turns it more into a house with rooms instead of just a wooden skeleton.
Going to work for a startup
- Thread starter A Potted Plant
- Start date
Lol, I would never go back, but there are times I miss certain things about it. It could be very rewarding, since drywall is what turns it more into a house with rooms instead of just a wooden skeleton.
I think that's true for many or most that work in a lot of these "professional" fields. The lack of any kind of obvious product or payoff for your labor can be fairly demoralizing.
I didn't mean to make it sound like my current job isn't rewarding. Working for a successful startup is incredibly rewarding, especially if you get in early-ish and see the company grow immensely. We have obvious products, and they are almost all open source. Back when conferences were a thing, people would constantly come over to our booth to tell us how much they love our software. Most of our employees get paid to work on open source projects pretty much full time.
Cassinonorth
Well-Known Member
You're in crazy demand in a super hot field. If you like the company/culture, do it. If it's a "We work hard AND play hard" type of environment that's going to destroy your work:life balance then I would personally stay away but I'm not crazy career oriented. I value being home at 5:05 and not being on call 24/7.
A Potted Plant
Honorary Sod
It's remote so that's a win work life is going to shit because I'm going in under skilled I assume once I'm in the environment I'll learn quick and things will normalize for me.
if things work out - the company will be purchased by then - which is when the real payout happens.
You'll have made way more than that number you are looking at,
and be set up to either stay and continue to make that much (or close) - or move on and do it again. Or you might have the next
great idea! you'll need to hire me, my wife will be retired and want me out of the house. I'm good at clean-up.
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Matt_
I Get Jokes
ONLY six months? Try working for the government.... by the time the server is installed its already obsolete and needs to be replaced
Robson
Well-Known Member
Or try to work for big city agency...oops we forgot to buy backup system. That's like 2 years ago...ONLY six months? Try working for the government.... by the time the server is installed its already obsolete and needs to be replaced
ekuhn
Well-Known Member
Same. Ive been asking everyone lately if they need a truck driver.
A Potted Plant
Honorary Sod
I don't want to start a new thread but here are some developments, I got my 16" macbook for my new job and I finally bought a desk so that I can focus on work exclusively until I am proficient.
Now onto the "fun" stuff, I was asked if I could interview my replacement about 2 hours before the interview :|, so I prepped a technical interview which was really simple. Asked a buddy to try it he did it in 10 minutes, brought it to my executive and manager and did it before we kicked off the interview and I did it in 2 minutes. They were skeptical if that was enough for a 30 minute interview, I countered with if they wanted to eat up 30 minutes or if they wanted to know if he was proficient in the skill set he said he was.
Kick off the interview, reviewed his resume and gauged his skill set, he has been doing this 3 times longer, than me cool this should be simple. I reviewed what the schema with him and then got to the questions, he looked over everything for 20 seconds and said ok, clicked leave meeting and confirmed. 3 minutes into his technical he dropped us. I felt bad but obviously this wasn't the job for him.
Fast forward to today, my company couldn't counter but they really don't want to lose me so they asked if I would consider contracting for them. I said sure, but idk what to request in pay or how to handle taxes. Do I need to start a LLC or what am I over looking. I am going to delay coming back as a contractor for a month so I can focus on my new job but they're going to be preparing an offer this week for contracting.
Now onto the "fun" stuff, I was asked if I could interview my replacement about 2 hours before the interview :|, so I prepped a technical interview which was really simple. Asked a buddy to try it he did it in 10 minutes, brought it to my executive and manager and did it before we kicked off the interview and I did it in 2 minutes. They were skeptical if that was enough for a 30 minute interview, I countered with if they wanted to eat up 30 minutes or if they wanted to know if he was proficient in the skill set he said he was.
Kick off the interview, reviewed his resume and gauged his skill set, he has been doing this 3 times longer, than me cool this should be simple. I reviewed what the schema with him and then got to the questions, he looked over everything for 20 seconds and said ok, clicked leave meeting and confirmed. 3 minutes into his technical he dropped us. I felt bad but obviously this wasn't the job for him.
Fast forward to today, my company couldn't counter but they really don't want to lose me so they asked if I would consider contracting for them. I said sure, but idk what to request in pay or how to handle taxes. Do I need to start a LLC or what am I over looking. I am going to delay coming back as a contractor for a month so I can focus on my new job but they're going to be preparing an offer this week for contracting.
No need to start an LLC. It’s late, and I’m sure someone will chime in, but as a CPA, I’m just gonna say you’ll need to do all the tax stuff yourself. Wread up on self employment taxes.
Are benefits an issue or you have that covered?
Are benefits an issue or you have that covered?
jackx
Well-Known Member
If you want to be a long-term consultant, not just a 1- time thing with your current employer after your employment ends, you need an LLC or other type of company, and probably a number of professional insurances. You may want to work with your accountant to set up Quick Books.
Regardless you a need a statement of work outlining your 1099 rate, work scope, duration, etc. and a contract covering many things such as payment terms, termination,......
For rate, you should figure what a consultant would be paid + whatever a 3-rd party consulting firm might bill the client - if they typically hire consultants thru a firm, i.e. not directly, whereas directly seems to be your situation. Probably multiple times your hourly rate, since you are not getting benefits, vacation, you are highly qualified for the job, and need no training, or time to get up to speed, etc. You give them your hourly rate and they take it or leave it, since you don't need the work anyway.
thegock
Well-Known Member
Resume inflation is amazing.
Consider that you might be contracting for longer than you think. Your former employer might have a difficult time finding a replacement candidate. In the past many of my contracting clients have retained me for six or more months after they had told me the contract would end.
Pro tip: The Federal self-employment tax on contracting revenue paid using a 1099 is over 10%.
Consider that you might be contracting for longer than you think. Your former employer might have a difficult time finding a replacement candidate. In the past many of my contracting clients have retained me for six or more months after they had told me the contract would end.
Pro tip: The Federal self-employment tax on contracting revenue paid using a 1099 is over 10%.
A Potted Plant
Honorary Sod
I have them from my new full time and they pay almost all my premium
A Potted Plant
Honorary Sod
Nah money is already spent taking delivery of my new Lambo next week lol. I am going on contracting sites to figure out the wage. Going to price out my insurance today see if I can get everything in order.
I'll 1099 you - i've got the insurance in place - take your old salary, divide by 800 and that is your hourly rate.
(dividing by 100 is a daily rate) - just need to discuss billing and payment terms - ie you bill once a month, they pay net 30, etc.
NeizPirig
New Member
I understand that you may be a little scared by the changes that are happening in your life right now and doubt which way you should turn. But after reading your comments, I can say that you are a respectable young man who has a good flair. It seems to me that working in a new company will help you unlock your potential and grow in career terms. Don't be afraid to take the initiative. Maybe they lack create pay stubs free online system or a good specialist in another field. I don't think you need to open an LLC; agree to a contract.
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w_b
Well-Known Member
I see you had a good weekend. Others may want to share in your enthusiasm for respectability so please feel free to expand on details. Especially as pertaining to flair, and the definition of good vs. bad flair. I personally avoid what I would consider bad flair like yesterday’s bagels.
