Building a Career as a LabVIEW Consultant: Dispelling the Myths
summary
Covers eight concrete myths about LabVIEW consulting with numbers and practices: example rates ($100 vs $50/hr) and why doubling gross is a rule of thumb, set aside 25–30% for taxes for self‑employment and benefits, expect invoicing delays (net 30–90) and irregular cashflow, estimate ~$10k business costs and ~$5k health insurance, certification paths (CLD/CLA) for partner programs, choice of business entity (LLC vs S‑corp), and the need to have a year of pay as buffer.
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chapters (13)
- 0:00LabVIEW consulting myths
- 1:18Defining LabVIEW consulting and personal journey
- 4:30Myth: Own boss as consultant
- 6:37Myth: Set own hours
- 9:22Myth three doing LabVIEW programming all the time
- 11:51Myth: More money
- 19:32Four myths holding back
- 20:15Myth: Must be expert
- 23:26Myth: Must be extrovert
- 25:31Myth: Super risky
- 29:03Myth: Do everything alone
- 33:24Who can consult?
- 49:00Q&A
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