How to Hire & Pay 1099 Contractors For Your Business in 2024

  Рет қаралды 3,667

StartupWise

StartupWise

Күн бұрын

Check out Upwork here:
bit.ly/upworktalent
In this video, I will guide you through the step-by-step process of hiring and paying independent contractors within your business. For new entrepreneurs with a smaller budget, I recommend hiring contractors overseas because it can significantly reduce the cost of hiring a team.
Take inspiration from this article on how to create the perfect job description:
support.upwork.com/hc/en-us/a...
Our favorite business must-haves:
💳 Best business credit cards: milevalue.com/best-credit-car...
🏦 Novo (best business bank): startupwise.com/novo
🖥️ Best AI website builder ($3/month using code STARTUPWISE): hostinger.com/startupwise
⚙️ Northwest (best $39 LLC formation service): startupwise.com/northwestLLC
💰 Payroll with Gusto (get a $100 giftcard!): startupwise.com/gusto
👨💼 Best overseas staffing agency (save 80% on payroll): paired.so/startupwise
Be sure to watch until the end of the video, as I will guide you through the entire process that we take when finding contractors online through platforms like Upwork, and I'll also go over some advice that we've learned along the way! I've hired tons of people for different purposes within our business, and I would say that the biggest thing that you should do is develop your SOP (Standard Operating Procedures). Building an SOP that offers clear instructions to onboard contractors will save you so much time and mental energy in the long-term, because one of the hardest things about being a business owner is the ability properly train others.
This video was created to address the common misconception that most business owners have about hiring a team. It's also meant to help those that are struggling and don't know how or where to begin when it comes to outsourcing and hiring contractors that can help you with your business. If you do it right, you should save a ton of time and make more money as a result, but if you do it wrong, you can lose a lot of money. It's important to spend the extra time that you save on higher leverage activities in the business, otherwise your business won't grow.
If you want to learn more about how you can take your business to the next level, be sure to check out our other videos on the topic:
How to Pay Contractors Internationally with Low Fees (Free Guide):
• How to Pay Contractors...
How to Create an Independent Contractor Agreement for FREE (Step by Step Tutorial):
• How to Create an Indep...
Request New Videos Here:
forms.gle/k9TtfauggkEpAWNQA
More tutorials on our website:
www.startupwise.com
Thanks for watching! I hope you have a wonderful day!
-Joey
#Hiring #Business #HowTo
Timeline:
0:00 - Intro
0:36 - Why Hire?
0:52 - Difference Between Employees and Contractors
2:03 - Main Benefits of Hiring an Independent Contractor
2:52 - Process of Creating Job Listings
3:27 - How to Interview Contractors
4:12 - Things You Should Look For
4:54 - Upwork Walkthrough
10:23 - Main Takeaways
11:33 - Outro
Disclaimer: Some of the links above may be affiliate links, which means that if you click on them, I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you! All info from our videos is compiled from online sources and our own experience, and we encourage you to do your own due diligence. We appreciate your viewership!
In addition, we are not a financial advisor. StartupWise does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

Пікірлер: 8
@StartupWise
@StartupWise Жыл бұрын
Hope you guys enjoy the video and get a ton of value from it! Check out Upwork here: bit.ly/upworktalent
@RuthAnneShepherd
@RuthAnneShepherd 25 күн бұрын
Best video ever. Thank you!!
@DarcysBusiness
@DarcysBusiness Жыл бұрын
Thank you for sharing this very insightful video!! I’ve used Upwork before but didn’t know the ins and outs of creating and posting a job
5 ай бұрын
Thank you!
@JasonBenson341
@JasonBenson341 6 ай бұрын
Great video, i have a question, do you still need to give them a 1099 , if you live in a different Continent than the contractor.
@deathtouchgaming3615
@deathtouchgaming3615 3 ай бұрын
not helpful
@lbrickboy
@lbrickboy 2 ай бұрын
Imma need you to elaborate on why is this not helpful otherwise this comment is not helpful
@RuthAnneShepherd
@RuthAnneShepherd 25 күн бұрын
⁠@@lbrickboy it was super helpful actually 😂
1099 vs. W2 Employees: What's Best For Your Business?
20:05
Karlton Dennis
Рет қаралды 26 М.
Hiring a Contractor: 9 Things You MUST Know
15:33
Essential Craftsman
Рет қаралды 73 М.
What it feels like cleaning up after a toddler.
00:40
Daniel LaBelle
Рет қаралды 61 МЛН
Каха и суп
00:39
К-Media
Рет қаралды 6 МЛН
LOVE LETTER - POPPY PLAYTIME CHAPTER 3 | GH'S ANIMATION
00:15
How to Pay Your Employees in a Small Business
18:57
LYFE Accounting
Рет қаралды 153 М.
1099 Subcontractor or Employee: An Attorney's Opinion (2/4)
15:41
Successful Contractor
Рет қаралды 6 М.
How to Issue a 1099 Contractor Business Tax Form
4:45
Ginny Silver - Business Coach for Creatives
Рет қаралды 6 М.
How To Pay Yourself As An LLC
17:05
Karlton Dennis
Рет қаралды 5 МЛН
5 HR Essentials for Hiring Your First Employee
10:03
HR Party of One
Рет қаралды 10 М.
NEVER Break Down A Bid For A Customer - Here's Why
10:45
Successful Contractor
Рет қаралды 305 М.
What independent contractors need to know - Employment Law Show: S6 E16
29:30
Samfiru Tumarkin LLP Employment Lawyers
Рет қаралды 2,4 М.
Red Flags When Hiring Sub Contractors
13:52
How to Build Your Own Home
Рет қаралды 9 М.
How to Do Payroll in Gusto
25:11
FitSmallBusiness
Рет қаралды 57 М.