REAL Studio Developer March/April 2011 Issue

REAL Studio Developer Issue 9.3 (March/April 2011) came out this week.  My column topic in this issue was the risks and rewards of being a consultant.

I don’t think being a REALbasic developer is any different than any other consultant.  There are times when you’re so flush with work you can’t sleep and there’s times you’re looking for work.  There’s always the ‘next project’ on the horizon.

Cash flow is just one of the many risks of being a consultant.  The rewards though, are nice when they happen.

Did I leave anything out in the column?  Something I should have talked about?

5 thoughts on “REAL Studio Developer March/April 2011 Issue

  1. The column is good. Could have been me to write this. One thing you missed: Legal stuff. Getting a cease-and-desist order because you named something wrong and hit a trademark can make you worrying.
    Big problem is banks. Ever tried to get a loan from bank to build a house as self employed or CEO of your own company? Or credit card?
    My wife (employed in my company) got a 40000 Euro credit card with just signing a form. But for me (the owner of the company), they won’t give credit without mortgage!
    In good years you can earn much more than an employed person. But you’ll never know whether you are bankrupt next year.

  2. Yes, the legal stuff can be challenging – especially when you start out. Taxes too, can also be a PITA. Your corporate structure (in the USA, at least), can drastically change how you pay your taxes (quarterly, monthly, or yearly).

    We have a combined lawyer/tax accountant who we just call up and say, “Handle it” and it gets done. Well worth whatever we pay her just so we don’t have to.

  3. A tax consultant is a must for most people including me. I am required to make paperwork and prepay tax monthly. Also tax consultant tells me how much I made and whether it was enough to cover spendings. 🙂

  4. I have the advantage of not needing a lawyer 🙂 However, completely agree with Christian about near impossibility of self-employed getting bank finance.

    In the UK at least, also the tax system seems to be stacked against self employed and SMEs in favour of employees or large companies.

  5. Not just in the UK.
    In law it seems employees have loads of rights and very few responsibilities while it’s the complete opposite for the self-employed.
    You have a host of regulatory hoops to jump through every year, be late and you’re fined while the regulatory bodies have no such sanction applied to them.
    You have to do your own and your employees’ taxes.
    Instruct them on safety policy and also ensure they’re following it (or you’re liable), pay them when they’re sick, paid holidays yada yada.
    They can walk any time they like but you can’t.
    It’s analogous to adults and children.
    And at the same time everyone assumes you’re coining it and cheating on your taxes

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