1099s are bad employees

One of the main reasons I wanted to work myself was because I hated being an employee.

Okay hate is a bit strong, but I never felt like I fit in and I just got the sense that I could never truly be successful working for someone else.

So there was a strong negative incentive or push factor to me going 1099.

This seems to be common among entrepreneurial types.

Scott Galloway, a successful entrepreneur and NYU business school professor, writes this about entrepreneurs.

"People assume that because I’m an entrepreneur, I have extraordinary talents too big for a company. The truth about 90-plus percent of entrepreneurs is that we start companies not because we’re so skilled, but because we don’t have the skills to be an effective employee. On a risk-adjusted basis, being an employee for a good or great firm is more rewarding than being an entrepreneur. Again, something not discussed in a media obsessed with 'innovators.'"

Scott Galloway in The Algebra of Happiness: Notes on the Pursuit of Success, Love and Meaning

Of course, I need to point out that being a terrible employee doesn't make you a good entrepreneur or solo 1099 sub-contractor.

It's just that there is a percentage of sucky employees who would be more likely to succeed as entrepeneurs.

That being said, if you're not a drug addict, have some skills, are somewhat ambitious, AND get the strong sense you will never succeed at a big company as an employee, then you should probably look into entrepreneurship or working for yourself in some way.

Want the full playbook? Check out Going 1099.