What is a Typical Independent Contractor

Independent Contractor 300x200 What is a Typical Independent Contractor

 
 
 
I discovered today I am the typical Independent Contractor.

There was a page of statistics in a recent issue of Success Magazine I was reading and it was all about Independent Contractors. As I was reading them, I realized I was very much the ‘typical’ independent contractor. The article never really mentioned where these contractors work from (ie a home office) which would have been nice to see, but I am assuming that the majority of them do in fact work from a home office.

The stats were based on people in the United States, but as with many things such as this, us Canadians tend to closely mirror the results (with the exception of surveys on the use of the word ‘eh?’ – in a study like that we would definitely come out on top!) So I placed myself right in these results and as I read them I found myself saying to myself: “Yes, that’s me, and me, me too. Yup, Yup” They had me pegged to a “T”.

So, who are these Independent Contractors?

  • Well, for starters there are 16 million in the US today and we (you know what I mean) account for $626 billion in personal income in 2010! Billion!
  • We are also primarily female (53% to 47%) and we do this type of work because we prefer it as an alternative to being an ‘employee’. Only about 9% of us would rather be ‘employed’.
  • Our average age is 30-49 years and we do this type of work more from a need of ‘wanting to do the work’ as opposed to ‘needing a paycheque’. I read this to mean we do it because it is our passion.
  • 58% of us are highly satisfied with our situation because we are doing something we like and feel it is making a difference.
  • It was also noted that being Independent Contractors is a stepping stone to entrepreneurship and creating small businesses.

I am very much towing the line with all of these statistics, and for those of you who know me, you will say the same. Yup, that is Kathy.

I know that many of you connected to me online or who read my blog are also “Independent Contractors”… so I am wondering? Are you part of this demographic that is expected to grow to 20 million people by the year 2013.

Are you also the typical ‘Independent Contractor’? How do these facts stack up for you? I‘d love to know if these stats ring true for others.
 

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Taking Care of You

 
 work life balance1 225x300 Taking Care of YouAs a small business owner, your business can be operating like a well-oiled machine, but if you’re not taking care of yourself, you’re going to be stressed out. It’s ironic that when things are going really well, we typically end up spending MORE hours on our jobs because we’re just having so much fun and we’re seeing all the fantastic benefits of hard work.

To be a healthy person, you need to be a well-rounded person. Here are a handful of tips to make sure your business isn’t taking over your life at the expense of your health and well-being:

  • Get physical

You’ve heard it before and you’ll hear it again – regular exercise reduces anxiety, combats obesity, and makes you a nicer person to be around. If you are sitting on your rear in front of the computer most of the day, you have to find some way to move your body on a regular basis. It can be as simple as a 15 minute walk first thing in the morning, or as intense as a 2 hour gym workout. Just choose something  and do it. Commit to this for three weeks and you will probably develop a life long healthy habit.

  • Get some rest

I’m willing to bet that at least once in the past month, you’ve found yourself up way too late, finishing one last work project, answering one more email, or putting the finishing touches on one last product. On an occasional basis, these nocturnal escapades are no big deal, But burn the midnight oil night after night after night, and you’re frying yourself. Not only does sleep deprivation make you anxious, edgy and unable think clearly, it also makes it harder for you to work at peak efficiency. Set a bedtime, and stick to it.

  • Get a hobby

You will probably laugh at this, thinking you don’t have time for a hobby. But the truth is, you don’t have time NOT to have a hobby! Whether it’s knitting, canoeing, genealogy, cooking, or grooming llamas, you need something that will provide balance to your life. There will be days when the business side of things isn’t going so well, and you will need an escape. Get a hobby before you’re forced to find one.

  • Connect

Connecting with those around you is critical to minimizing your stress. At the end of your life, you’re going to be worried more about the people you love and less about the business you created. Show your family and friends how important they are to you NOW by giving them their rightful share of your time. The bonus? It will calm your anxiety when you know you’re investing time where it’s going to matter most throughout your lifetime.

It will take time to get all of these items as part of your regular routine, but stick with it, if you do your health, mind and family will all be more appreciative, as will your clients and business!

 

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Working from Home with a Supportive Family

I started my virtual assistant business over 3 years ago and I have always had tremendous support from my family. And I mean everyone! Not just my kids and husband, but my mom, sister, dad and many others.  Their support and understanding in what it takes to run and build your own business, all while working from home is truly appreciated.  It is also a support system I feel every entrepreneur working from a home office needs.

Today, my husband, Marco, paid me the biggest compliment… he suggested I write a book!

I will say, he has been my #1 supporter of my business from Day 1. So to have him say “You should write a book”, wow.  It is really reassuring and confidence boosting to have him say something like that, BUT

Yes, here comes the ‘but’:

But… the funny thing about this book he thinks I should write, is that the topic would have nothing to do with my business!

hehehe …. Marco thinks I should write a book of tips that cover topics like marriage and parenting while working from home. Prompted by what you ask?  Well, this is the  note I posted on our washer yesterday, after yet another ‘shrinking event’.

269832 10150279776818582 618358581 9096910 1116440 n Working from Home with a Supportive Family

You can read all the fun comments we got on Facebook as well.

Anyhow, it may be something I think about – writing a book on this topic. Every so often you may find a fun family/working from home story here on my blog, if so you will know why!  I’ll be compiling them to make a book! (Many people do that you know, creating books from a compilation of their blog posts).

 

 

 

 

 

 

 

 

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Taking Care of Business = Taking Care of You

work life balance 300x264 Taking Care of Business = Taking Care of YouYour business can be operating like a well-oiled machine, but if you’re not taking care of yourself, you’re going to be stressed out. It’s ironic that when things are going really well, we typically end up spending MORE hours on our business because we see all the fantastic benefits of hard work.

To be a healthy person, you need to be a well-rounded person. Here are a handful of tips to make sure your business isn’t taking over your life at the expense of your health and well-being.

Physical Activity

You’ve heard it before and you’ll hear it again – regular exercise is something everyone needs. It reduces stress, combats obesity, and makes you a nicer person to be around. If you are sitting on your duff in front of the computer most of the day, you have to find some way to move your body on a regular basis. It can be as simple as a 20 minute walk first thing in the morning, or as intense as a 2 hour gym workout. Just choose one and do it.

We have a dog and she helps me get my exercise as she is very active. Every morning taking her for a walk is a must!  If I don’t I will hear it all morning – little whimpers at my feet beside my desk.

Hobby

You will probably laugh at this, thinking you don’t have time for a hobby. But the truth is, you don’t have time NOT to have a hobby! Whether it’s knitting, canoeing, genealogy or scrapbooking you need something that will provide balance to your life. There will be days when the business side of things isn’t going so well, and you will need an escape.

Rest

I’m willing to bet that at least once in the past month, you’ve found yourself up way too late, finishing one last work project, answering one more email, or putting the finishing touches on one last product. On an occasional basis, these nocturnal escapades are no big deal, but burning the midnight oil night after night after night, and you end up burning yourself out. Not only does sleep deprivation make you anxious, edgy and unable think clearly, it also makes it harder for you to work at peak efficiency. Set a bedtime, and stick to it.

People

Connecting with people around you is critical to minimizing your stress. At the end of your life, you’re going to be worried more about the people you love and less about the business you created. Show your family and friends how important they are to you NOW by giving them their rightful share of your time. The bonus? It will calm your stress when you know you’re investing time where it’s going to matter most – your family and the people you love.

 

As an Entrepreneur or Small Business Owner your business is you.  If you are not taking care of you, then you are not taking care of your business.  Try implementing these steps above (even if only one at a time) to help you achieve a healthy work-life balance, one that most entrepreneurs started in business to achieve.

Have you any other stress relieving tips to share? Feel free to post a comment here and share your stress relieving tips!\

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Workshop for Biz Owners – Learn how to find a Virtual Assistant

header1 Workshop for Biz Owners   Learn how to find a Virtual Assistant

My friend, client and role model, Tawnya Sutherland of VAnetworking is hosting a fabulous workshop tonight for small business owners to learn about using a virtual assistant:

Learn how to Outsource your business tasks to a Virtual Assistant

She also has an opportunity to network and meet some Virtual Assistants – virtually of course!

If you have a business and are feeling stressed, overworked and feel you never get everything done that requires your attention then …this FREE workshop is for you!

Tawnya Sutherland is VA Outsourcing Expert and founder of the world’s largest online Virtual Assistant Social Network. She will  share with you the knowledge, tips, tactics and secrets she’s accumulated over the last 10 years on the right way to hire a Virtual Assistant and make it work!

Join Tawnya tonight (Wednesday July 7th) at 6pm EST (along with many other Virtual Assistants, including me) to learn:

  • How to gain more time in your business day and in your personal life
  • How to become more profitable by working smarter
  • How to rid yourself of that extra long to-do list that never gets done
  • How to delegate your tasks to a Virtual Assistant

You can do this all and you can learn how tonight!  Simply visit this site to register for the call. You can also pick up a copy of her ebook – Finding the Ultimate Virtual Assistant for your Business.

Virtual Assistants who are VAinsiders will be on the networking session at 7pm EST (If you are not one yet, you can be by tonight – visit here to learn what being an Insider can do for your Virtual Assistant business)

Hope to see you there, whether a business owner or a VA!

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