Booknotes: Rails Freelancing Handbook ch. 1-2

I think my biggest takeaway from these chapters is that I have a LONG
way to go as an independent businessman. There’s so much I still need
to get squared away.

Also, it’s very easy to underestimate the costs of going freelance.
They include, but are not limited to:

  • Health insurance
  • Self employment tax
  • Liability insurance
  • Equipment
  • Travel (for conferences)
  • Accountant
  • Lawyer
  • Web Design
  • Printing
  • Advertising

Those nice hourly contracting rates start looking a lot less exciting
once you factor in all the extra costs.

It also struck me that what direct employment is really offering isn’t
job security or benefits or any of that stuff. The true value
proposition of direct employment is hassle protection.

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