Today’s guest host is Whitney Duenas, fellow podcaster of Bold Hustle Podcast and owner of Barre by the Bay. Barre By the Bay is a boutique fitness studio in Virginia.
One of the first things that came up in opening the studio was figuring out whether to make the instructors employees or independent contractors. This is something that Whitney discussed with her business lawyer. They went over some questions and the pros and cons of each.
Whitney realized one the benefits of being an independent contractor is a higher earning potential as it is easier to earn more if they have the ability to work at various studios. Another advantage is they have the freedom to create their own curriculums, procedures and uniforms. Another benefit is working in a smaller studio with smaller class sizes, and more individualized attention.
One of the cons is financial instability as the instructors don’t have a set paycheck. Other cons are having more responsibilities over filing their own taxes and not always having subbing opportunities.
In the end it is best to discuss matters like these with a business lawyer. They can help you see the pros and cons to each situation and help you think about how your business may be impacted in the future by hiring independent contractors versus employees.
Erik J. Olson is an award-winning digital marketer & entrepreneur. The Founder & CEO of Array Digital, he is also the host of the Journey to $100 Million Flash Briefing and daily podcast, and the organizer of the Marketers Anonymous monthly meetups.
Kevin Daisey is an award-winning digital marketer & entrepreneur. He started his first company when he was just 23, and is the Founder & CMO of Array Digital. Kevin is the also the co-host of the Journey to $100 Million Flash Briefing and daily podcast, and the co-organizer of the Marketers Anonymous monthly meetups.