by Hope
As you know, I began a traditional full time job this past week. Wow, it’s a big difference. And maybe most of that is in my head. But it definitely feels different to have a daily team I work with, a boss I must report too and not quite as much flexibility on my work hours. This is especially true since the company I am working for is in the financial industry so they really do work “bankers hours.” (Is that still a term?)
I knew it would be a lot to keep up with my existing stable of clients + take on this new work. But the thought of shutting down my now 14 1/2 year old business upset my stomach. I did cut lose a few newer clients as I knew I couldn’t give them what they deserved. And took a hit for it…
I did refund them for all work performed up to this point. But they were rightfully upset.
Keeping My Business Afloat
But I am excited to announce that Sea Cadet has decided to accept my offer to join my business on a part time basis to help me keep up. He will have a lot of learning to do, but it truly is a win-win. He will get to supplement his EMT income, have flexible hours and I will have trusted help without having to sort through a bunch of applicants.
For the first month, he will be a contract worker, 10ish hours per week. We agreed that at least 1/2 of his hours must be money making hours, billable hours and the other 1/2 will be administrative tasks and I will pay for some training time to get him up to speed. By doing it this way, his billable hours are paying for his training hours. I am so thrilled.
One of his tasks this months is to research setting himself up as an employee. I’ve never had an “employee” but have used contractors a lot. We both agree that this could be the start of a really great opportunity for us both.
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Have you hired your child to work with you? Any words of guidance both financial and otherwise?
Hope is a creative, solutions-focused business manager helping clients grow their business and work more efficiently by leveraging expertise in project management, digital marketing, & tech solutions. She’s recently become an empty nester as her 5 foster/adoptive kids have spread their wings. She lives with her 5 dogs in a small town in NE Georgia and prefers the mountains to the beaches any day. She struggles with the travel bug and is doing her best to help each of her kids as their finish schooling and become independent (but it’s hard!) She has run her own consulting company for almost twenty years! Hope began sharing her journey with the BAD community in the Spring of 2015 and feels like she has finally in a place to really focus on making wise financial decisions.
I think this is a great win-win. Good job!