The Self-Employment Path for Ph.D.s Six questions to answer first if you're thinking about opening your own business

[...]you may be offering cultural consulting or program evaluation in a particular subject area, or you may have side gigs doing podcasting, freelance writing, or instructional design. If that seems high, remember that you will be entirely responsible for your payroll taxes and health care, which ar...

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Bibliographic Details
Published inThe Chronicle of Higher Education Vol. 70; no. 20
Main Authors Furlong, Jennifer S, Hartman, Stacy M
Format Journal Article Trade Publication Article
LanguageEnglish
Published Washington Chronicle of Higher Education, Inc 07.06.2024
Chronicle of Higher Education
Subjects
Career Counseling
Careers
Expertise
Freelance
Geographic Location
Graduate students
Health Insurance
Instructional design
Interviews
Part Time Faculty
Program Evaluation
Self employment
Vocational guidance
United States
Online AccessGet full text
ISSN0009-5982
1931-1362

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Summary:[...]you may be offering cultural consulting or program evaluation in a particular subject area, or you may have side gigs doing podcasting, freelance writing, or instructional design. If that seems high, remember that you will be entirely responsible for your payroll taxes and health care, which are substantial costs that an employer would contribute to. Do you plan to bill clients on an hourly basis or at a flat rate for a project? A flat-rate fee would give you more flexibility, but if a job took more time than expected, your hourly rate would go down. Billing hourly can be easier, but you don’t want clients to be surprised by a bill that is much larger than they expected, so you still need to agree on a budget ahead of time.
ISSN:0009-5982
1931-1362