Here is a question you could ask yourself? Are you an independent contractor? Do you have control over how and when you can perform your events, tasks, or assignments?
What demands are required as part of the job that you may not be taking into account. Are you researching, reading or preparing for an event in advance? Do you count this into your compensation calculation?
Are you preparing a report at the end of the event, are you dependent upon software from others that may not function properly, are you spending time and money on stamps, trips to the post office?
These costs and time do affect your final pay in addition to some of the more obvious costs such as gas, tools needed and last minute demands for supplies.
By the time you have completed your contracted assignment and calculated the true cost of your compensation you may be making minimum wage or less.
After being compensated you now need to determine what amount what not taken out for taxes or future benefits that a regular employee may receive.
If you have invested in your contract and are not able to recoop the cost of uniform, tools, supplies, you are now in a loss situation.
Independent contractors need to be in more control over what they are required to do before, during and after an assignment in order to properly control costs and make a profit that is a reasonable.
While you are in business for yourself, you are also in part your own employee and your compensation, benefits, and the protections for future retirement, savings and security should be a consideration in what you are willing to risk for each contract you acquire.
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