Partnering with consulting firms can bolster your self-employment income while providing invaluable learning and networking opportunities. However, it's essential to understand the potential pitfalls faced by nurses who are accustomed to the security of employment, including guaranteed hours, benefits, and a set paycheck.
If you’re interested in exploring consulting options as a nurse and aren’t sure what that would look like for you, subcontracting is a great way to start. Subcontractor, independent contractor, or just “1099 “, are just different ways to work with an organization or another consulting firm without being an employee, yet still having structure created for and having a great amount of flexibility with how you do the work, and when.
The benefit of subcontracting is that since you’re an independent contractor, most subcontracts range from $75-$150 an hour. Just starting out I would expect to ask for around $75 an hour and go up from there. This can also depend on how specialized the project is and the skills that you’re using for it. If you are serving as an expert on a team for a highly specialized or niche area, you can easily start at $100/hr. Read More |