Contract work is more common than you might immediately think. Millions of Americans work in this type of setup and thrive while operating as their own boss. Contractors get to set their own hours, negotiate terms of service with companies that hire them for short-term assignments, and often work from home. This gives contract workers the opportunity to spend more time with loved ones and take on rewarding jobs that fit with their schedules and financial needs.
The flexibility to take time off is a massive bonus as well. While the majority of U.S.-based workers leave hundreds of millions of vacation days collectively unused — according to a variety of ongoing studies — contract employees can stipulate the job duration and simply push on or turn down any work that conflicts with a scheduled holiday time with family or friends.
A Growing Middle Class
The middle-class segment of the American landscape of workers is expanding, in large part because of the expansive number of individuals who are going into business for themselves every year. With a growing number of sole proprietorships and single operator contractor businesses joining the small business ranks on a yearly basis, the volume of middle-class homes is growing too. Those who work for themselves have the freedom to work expansive overtime hours or take breaks for a long weekend or an entire summer if they want.
Much of the work done in this manner can follow the holiday schedule of children or spouses with teaching hours or extended leave during the winter and Christmas periods. The freedom allows families to plan far out into the future and work toward financial goals with complete transparency.
Many contractors seek out common investment tips for middle-class families as they grow into these types of roles as well. Contractors become journeymen of sorts, taking on direct work as well as the responsibility of managing investment portfolios for the family’s future. It can be a burden at times, but the responsibility is often a game-changer for those looking to leave a dead-end desk job that pays poorly and demands too much.
Using software creates strong goal achievement.
Goals software is a staple among sole proprietors and other contractors. Applicant contractors of the goal-setting frameworks that OKRs and other systems provide are some of the best grossing workers in the business. With the help of frameworks for setting and keeping goals like the OKR system, you and your self-propelled business can function with the tools that top industrial acts use to keep the ship on course.
OKRs are a particularly useful goal setting and tracking system that all contractors should consider for their business. The OKR framework is guided by objectives and key results, which feed into one another in order to provide you with real-time goal tracking assets that can really make a difference as you continue to move forward with your finances independent of a stable office desk and a routine paycheck.
Setting objectives with the OKR system is a great way to evaluate your overarching goals for the future. This helps you prioritize growth spaces and focus on the things that will make you successful as you continue this journey of working for yourself. Many contractors set goals that revolve around finances, this is only natural, but the OKR system is designed to help you dig a layer deeper. It‚Äôs designed to help you understand the primary drivers of financial security that you are looking for. After you‚Äôve set your priorities, key results come into play. These act as signposts on your way to success and are measurable as a numerical sum, such as thinking, “I have reached 78% of the total number I‚Äôd set for myself.”
Goal setting and midstream tracking is a staple among contractors who must steer their own ship to financial and career success. Take up this methodology in order to see real change in your business.