05-28-2007, 12:35 PM
Quote:Life as an entrepreneurial web worker can be great - or it can be an absolute nightmare of overwork, missed deadlines, unsatisfied customers, and (in the worst case) lawsuits. Just having an idea or knowing how to write code isnt enough for a successful online career. Heres our selection of five ways to take that career nowhere in a hurry - and what to do about them.
Forget that youre in business. We hope you love working online as much as we do - but dont forget that love alone doesnt buy a jar of peanut butter, let alone pay the rent. If youre a web worker (as opposed to a web dilettante), you need to treat your work as an actual business, with a business structure, a separate bank account, contracts, invoicing, tax withholding, and all the rest. Forgetting this can have severe consequences, from headaches and expense later when you try to sort things out right up to time in the slammer if the IRS takes the wrong view of your sloppiness...
full article: http://webworkerdaily.com/2007/05/25/top.../#more-828