The Jerry-Rigged Podcast discussed the benefits of starting an LLC for Salesforce professionals, featuring guest Jason Washburn, owner of the P3 Group.
Jason shares his journey from job seeker to successful business owner, emphasizing the flexibility and security that an LLC provides compared to traditional employment.
The conversation also covered practical steps for setting up an LLC, managing finances, and leveraging business insurance to protect personal assets.
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Introduction to the Podcast:
Host: Jerry Suhrstedt
Guest: Jason Washburn, owner of P3 Group, a Salesforce consultancy
Topic: Starting your own LLC and Salesforce consultancy
Challenges in Job Hunting:
Current difficulties in finding Salesforce jobs
High number of job applications and interviews without success
Alternative to Job Hunting:
Starting your own LLC as a viable option
Benefits of owning a consultancy
Jason Washburn's Background:
Former high school chemistry and physics teacher
Transitioned to Salesforce in 2008
Started P3 Group after being furloughed in April 2020
Benefits of Starting an LLC:
Easier than expected to set up
Provides flexibility in taking on multiple clients
Allows for better control over one's career and income streams
Steps to Form an LLC:
Filing paperwork with the state
Creating a separate business checking and savings account
Using services like Gusto for payroll and tax management
Financial Management:
Importance of having 3-6 months of combined business and personal expenses saved
Using business insurance to protect assets
Client Relationships and Success Stories:
Importance of maintaining good client relationships
Examples of clients returning after contract periods
Professional Boundaries and Billing:
Avoiding unpaid work during the discovery phase
Ensuring proper contracts and billing practices
Flexibility and Experience:
Ability to work multiple part-time contracts
Enhancing LinkedIn profiles with LLC experience
Legal and Tax Considerations:
Differences between LLC and sole proprietorship
Importance of consulting with a CPA and attorney
Final Thoughts:
Encouragement to consider starting an LLC for greater career flexibility
Importance of enjoying life and maintaining work-life balance
