Being a contractor can be a great way to earn a living. You get to be your own boss, set your hours, and choose the projects you want to work on. However, some challenges come with being a contractor. Here are six things you need to know about being a contractor:
1. You Need to Have a Business Plan
Having a business plan will help you outline your goals, strategies, and how you plan on achieving them. It won’t be easy to make your business successful without a business plan.
If you don’t have any experience in business, there are a lot of resources available to help you. Books, websites, and even online courses can teach you everything you need to know about starting and running a business. Ensure your business plan is realistic and achievable. It’s essential to set realistic goals to help you stay motivated and focused on your business.
2. Know-How You Will Be Paid
As a contractor, you need to know how you will be paid. And for you to do this, you need to learn more here about how contractors are being paid. That includes the types of payments you will accept and the payment terms. Choose a convenient payment method for you and your customers. You may want to accept credit cards, debit cards, or PayPal. You may also want to consider accepting checks or money orders. Contractors usually get paid in one of three ways:
- Project Basis
It’s essential to know the payment terms before starting a project. It will help you avoid any misunderstandings with your customers.
Contractors typically charge more for their services than employees do. You are responsible for your own expenses, including insurance, equipment, and marketing. Ensure you charge enough to cover these costs and make a profit.
3. You Need to Have the Proper Licenses
To work as a contractor, you need to have the proper licenses. Each state has different requirements. Check with your state’s licensing board to find out what you need.
Some of the most common licenses for contractors include:
- General Contractor License
- Building Contractor License
- Electrical Contractor License
- Plumbing Contractor License
- HVAC Contractor License
It’s vital to have the correct licenses for your work. If you don’t have the proper permits, you could face fines and penalties from the state.
You can usually apply for contractor licenses through your state’s licensing board. The application process can be a little complicated. Read the instructions carefully and contact the licensing board if you have any questions.
4. You Need to Have Proper Insurance
As a contractor, you’re responsible for the safety of your employees and customers. If something goes wrong, you could be held liable. That’s why it’s essential to have liability insurance. It will protect you if someone is injured or damaged property due to your work. It’s also vital to have workers’ compensation insurance. It will cover the medical expenses of any injured employees on the job.
You can usually get insurance through your state’s workers’ compensation board or a private insurer. Shop around for the best rates and to read the policy carefully. It’s important to know what is covered and what is not covered.
5. You Need to Have Proper Equipment
As a contractor, you need to have the proper equipment to do the job. It includes tools, materials, and vehicles. It’s important to ensure you have the correct equipment for your work.
If you don’t have the proper equipment, you could spend a lot on tools and materials. You may also need to rent or borrow equipment from other contractors. It can be a hassle, and it can delay the completion of your project.
It’s essential to plan to purchase equipment and materials. and have enough money in your budget to cover these expenses. You may also want to consider purchasing or leasing equipment instead of renting it. Having the proper equipment for your business will help you complete your projects on time and within budget.
6. You Need to Have Proper Marketing Strategies
As a contractor, you need to have a marketing strategy in place. It will help you reach potential customers and sell your services. There are many different marketing strategies that you can use, including:
- Print Ads
- Online Ads
- Direct Mail
- Social Media Marketing
You may also want to consider hiring a marketing consultant to help you develop a marketing strategy that meets your needs. It can be a costly investment, but it may be worth it in the long run.
As a contractor, there are several things you need to know. Ensure you are familiar with the laws in your state and the types of insurance you need. You also need to have the proper equipment and marketing strategies in place. And most importantly, make sure you know how you will be paid for your work. Following these tips will help you run a successful contracting business.
Mozilla report found more than a dozen TikTok influencers who had undisclosed paid relationships to post political messages; TikTok banned political ads in 2019 (Mozilla Tiktokzakrzewski Washingtonpost)
Mozilla Tiktokzakrzewski Washingtonpost: A recent report conducted by Mozilla found that more than a dozen TikTok influencers had undisclosed paid relationships to post political messages on their videos, the company banned political ads in 2019. This decision has been applauded by various activist groups and has been seen as a “victory for free speech”.
Not everyone is happy about this. As of now, it’s not known whether the TikTok app will still be able to use third-party content from content creators with undisclosed paid relationships. It’s also not clear what the ban on political ads means for the app.
The report was released by Mozilla, a major free web browser provider and anti-privacy organization. The report argued that political messages were being spread through the video platform without users knowing that they were paid promotion of propaganda. Specifically, 7 Indian political parties allegedly used TikTok to influence voters ahead of the 2019 Lok Sabha election. TikTok has been widely used in India because it is unable to detect political content and is mostly used by young people in India. TikTok is an app that allows users to post and share videos with one another.
The CEO of Mozilla, Mark Surman, claimed that the platform had been used for “political propaganda” for a long time. He claimed this was not only a problem in India, but globally as well. He also claimed that such incidents are not unique to India and are happening all over the world. The report also stated that many of these political influencers have more than 100,000 followers on the app. Allegedly, these users were able to get their political messages across without anyone knowing that they were paid promotions.
At the same time as the report was released, Mozilla CEO Mark Surman said that TikTok has removed all of these videos from its platform and banned political advertising on its app. He said, “It shows a clear desire from TikTok to address this problem, so we’ve decided to temporarily suspend our work with them. We will resume engagement with TikTok when we know they’ve solved this problem.”
Mozilla has decided to stop working with TikTok for an undisclosed amount of time. Mozilla also announced that it would work with other companies to make sure that political messages would not be able to be spread on their platforms for the next 4 months. The company also announced that it would work with Google, a major search engine, YouTube, a popular video streaming platform, and Facebook in order to address the issue.
Facebook will announce a suite of audio products on Monday, including a Clubhouse-like app, a podcast discovery product connected to Spotify, and more (Sources Monday Clubhouselike Spotifykafkavox)
Sources Monday Clubhouselike Spotifykafkavox: Facebook will announce a suite of audio products on Monday, including a Clubhouse-like app, a podcast discovery product connected to Spotify, and more.
The announcements are part of Facebook’s efforts to stay competitive in an increasingly crowded social media space dominated by other companies who have fleshed out their audio offerings.
It might seem like Facebook is moving too fast in the media realm, but those who know around here know that it’s just following the rest of tech. A few years ago, the company’s advertising executives were inventing and experimenting with a range of new ad formats. From that came the creation of Timeline, its news feed, and the addition of paid ads to the social network.
On Monday at its F8 developer conference, Facebook will announce a trio of audio products — an updated version of Clubhouse which will be known as “Timeline Chats”, a podcast app called “Podcasts”, and “high quality audio” as part of Instagram.
Clubhouse first launched in 2016 as a private community where Facebook employees post 10-minute audios. It’s sort of like a Facebook-focused version of The Moth, the live storytelling event and podcast. The feature will be open to the public starting Monday (for those willing to signup for one of this thing).
Facebook is also launching a new podcast app called “Podcasts” that will be available on iOS and Android and connected to Spotify — a first for Facebook. The feature could be a competitor to the likes of Apple’s Podcasts app. Facebook is also integrating podcast listening with its main app. So people will be able to listen via their news feed, of course.
The third product is high-quality audio, which is said to be “a new format optimized for sound quality and created with the latest in audio technology”. I’m just going to say that it’s probably a way for Facebook to easily differentiate its audio products from rivals.
Facebook already has a lot of tools for recording and editing audio, especially video. With standalone products, the company can increase user engagement and promote vertical video content over horizontal videos.
Facebook has been investing in several other audio products as well.
Wejo, which collects and analyzes real-time vehicle data, is going public via a SPAC merger to raise $330M, which will value Wejo at $800M including debt (Wejo Spac 330m 800m)
Wejo Spac 330m 800m: Wejo is a predictive analytics company that specializes in collecting, analyzing, and interpreting real-time vehicle data. They operate out of the globe’s largest traffic network and have built the world’s largest connected vehicle telematics database.
The company has been privately held since 2006. Wejo plans to enter public markets via an SPAC merger with Criora Health, which will be renamed Wejo Inc with a publicly traded ticker symbol of WJHO. The merger is expected to close in Q3.
The SPAC is a new form of hybrid private/public company that has been gaining popularity in certain industries including healthcare, IT, and cloud-based security services.
Wejo’s real-time software enables consumers to monitor driving patterns and behavior via an on-board telematics device, or log into their account online to review the data. The company has been providing these solutions for more than a decade to consumers, dealers, and auto manufacturers in the U.S. and Europe.
The data that Wejo gathers from its network of connected vehicles is available to a wide range of businesses, including auto insurers, dealerships, finance companies, and auto OEMs. The company also collects data from non-automotive sectors such as delivery fleets and shuttle buses among others.
Wejo has operational headquarters in the U.S., and is listed on the OTC Markets under the ticker symbol WJHO. The company also maintains a research, development, and engineering center in Palo Alto, California. Wejo’s operating headquarters are located on the campus of Lehigh University in Bethlehem, Pennsylvania.
Wejo operates its largest connected vehicle telematics database, which consists of more than eight billion connected miles of driving data gathered from over three million vehicles. The company currently analyzes data from over seven hundred thousand vehicles in the U.S., fifteen thousand fleets outside the U.S., and twelve thousand transit buses around the world.
The company currently operates five technology platforms. Wejo’s Real-Time platform is a web and mobile portal that allows users to analyze, visualize, and share driving patterns and behaviors. The company’s fleet management platform includes features such as fleet routing optimization and real-time fleet analytics. The Mobilize platform offers a unified user interface for device management systems and connected vehicles.
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