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Day in the Life of a Contractor: David the IT Guy

 In our newest blog series we take some time to talk to contractors and freelancers to learn about what it takes to be your own boss. This week I spoke with David Reichard, or David the IT Guy, to talk about his life as a contractor. 

Tell me a little bit about your background and what you type of work you do.

By the time computers became a household item, I had already been operating and fixing them for years. In high school, I programmed the school’s business computer, which was an IBM 1620. It took up a whole room and required air conditioning!  Now, the range of things I can fix and install amazes even me: household appliances, consumer and commercial telephone systems, network upgrades, POS systems (cash registers), network and telephone cabling, WiFi, store remodels, printers and computers.

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What made you get into this line of work?

I have been in the IT business for a few years now. The recession in 2007/8 was a wake up moment for me when I recognized the need to control my own destiny.  With encouragement from my friends, I decided it was time to set up my own business.  Even though I was excited about the idea of going into business for myself, I was also hesitant and unsure if I could actually do it. I have always loved fixing things and being the de facto “go-to guy” for tech and appliances. I realized that even though I didn’t have my own “formal” business, I was already in control of my schedule and doing the work that I loved, and all that was left to do was to formalize it.

What are some obstacles you faced as an independent contractor?

Initially, I was worried that I wouldn’t have the discipline to be my own boss. Since I struggle a bit with organization, the thought of handling paperwork and making sure I was compliant seemed overwhelming.  Also, I wasn’t sure what was deductible and what information I needed to hold on to throughout the year. Of course, leveraging Work Market has allowed me to thrive as an independent contractor, as they make the process simple!

What are some benefits to freelance work?

I embrace the accountability and enjoy the variety and flexibility.  One day I am fixing a company’s network, the next I’m at a Bank of America working on a machine there. Desk jobs don’t have this diversity. I choose when and where I want to work. If I want a day off or some vacation time, I schedule my jobs accordingly.

What do you find most useful about Work Market?

The Work Market platform eliminated my apprehension regarding documentation, allowing me to be compliant with ease. Work Market also helps in regards to payment because it provides the client and me with a procedure. Using a third party, such as Work Market, assures me that I will receive payment timely.  Lastly, I use Work Market to find more clients and the consistent revenue it has presented was the perfect addition.

How do you go about scheduling your week?

I consider my days structured. This week, for example, is already completely scheduled. Typically, jobs are scheduled 2-3 days in advance. A larger project, such as the I am working on, is scheduled nearly a month ahead of time. I like the fact that although every day is different, there is still structure to my work week. Eventually I’ll slow down my workload and retire. Things usually fall into place and I expect they will in the future, too.

*David Reichard is a featured contractor on the Work Market platform.  

  • 6 days ago
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Work Market lands $10m to bring its service for managing freelance workforces out of stealth mode

Work Market, a service that connects employers and freelancers in the business and enterprise space, has closed a $10 million round of investment led by SoftBank Capital. The round …

    • #Work Market
    • #The Next Web
    • #Freelance Workforces
  • 1 week ago > wm-press
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Work Market Announces $10,000,000 Expansion Financing to Fund Continued Growth

New York, NY - May 12, 2013 - Work Market, the leading enterprise-class freelance labor platform and marketplace, announces today the close of a $10 million Series Scale financing. The round was led by new investor SoftBank Capital with participation from existing investors Union Square Ventures and Spark Capital. Jordan Levy, General Partner with SoftBank Capital NY, will join the Work Market Board of Directors as an observer.

Work Market, founded in 2010 by Jeffrey Leventhal and Jeff Wald, provides hundreds of corporations such as Omnicom (NYSE:OMC), Adecco (VTX:ADEN.VX), NCR (NYSE:NCR) and Lockheed Martin (NYSE: LMT) with an enterprise software solution to manage freelancers and contractors. Clients access a marketplace of highly skilled freelancers, in which nearly 10,000 people are engaged in work every day.

The $10 million Series Scale investment will allow Work Market to invest and expand its sales and marketing efforts. Work Market CEO Jeff Leventhal said, “At Work Market we have built a market leading product that has shown its effectiveness in serving over 250 clients, including some of the country’s largest enterprises. It is now time to raise the profile of our business and broaden our sales reach, and this capital round allows us to do just that. We are also thrilled to add Jordy Levy to the team given his extensive experience in scaling enterprise businesses.”

SoftBank General Partner Jordan Levy added, “We couldn’t be more excited to help this New York based company disrupt the outsourced human resources industry. Work Market will have a lasting impact on how people find and perform work for decades to come.”

About Work Market:

Work Market is the leading enterprise-class freelance labor platform and marketplace. Businesses of all sizes use the Work Market platform to manage the complete lifecycle of their freelance labor, including the selection and hiring of contracted resources, the deployment and ongoing management of labor at scale and all associated payment and legal compliances. This allows businesses to increase labor productivity and enhance work quality while dramatically reducing costs. For more information, visit http://www.workmarket.com.

About SoftBank Capital:

SoftBank Capital makes investments in companies that connect people, devices and the world. The firm invests in category leaders in consumer and enterprise mobile, online advertising, ecommerce, social media and cloud computing.  SoftBank Capital offers entrepreneurs valuable experience and resources, including its close association with SoftBank Corp. and Yahoo! Japan.

About Union Square Ventures:

Union Square Ventures (USV) is one of the leading venture capital firms investing in internet and mobile businesses. Located in New York City, USV backs passionate, experienced entrepreneurs who are focused on creating highly scalable services and significant value propositions for their end users. For more information, visit http://www.usv.com

 About Spark Capital:

Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world-changing companies. Founded in 2005, the firm manages approximately $1,500,000,000 across four funds. Headquartered in Boston, Spark maintains an office in New York and invests across the globe. The firm focuses on the following key categories: advertising & monetization, commerce & services, content & media, hardware & infrastructure, mobile and social. Spark Capital has backed notable companies including Twitter, Tumblr, Foursquare, AdMeld, OMGPOP, Warby Parker and Wayfair. For more information, visit www.sparkcapital.com

  • 1 week ago
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“Remember Me”

workmarket-features:

Work Market can now remember your username and password. Next time you log in, click the “Remember Me” box and save yourself the effort of typing in your username and password every time you log into Work Market.

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  • 2 weeks ago > workmarket-features
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Compliance Campaign Summary


Let’s recap of what we covered in our compliance series thus far. Labor laws are changing. 2013 has brought forth labor regulations such as The Affordable Care Act that will result in large financial penalties if violated. Our team remains committed to leadership around compliance and best practices when it comes to engaging labor.

Work Market is the enterprise solution for managing your contingent labor. Our software is built to mitigate compliance risk for you and your company. Here’s how:

  • IRS compliance: verifies contractor’s TINs for you. We will process your 1099s on your behalf when you sign up for our tax service.
  • Documents: add agreements and require them for resources to take on work.
  • Skills verification: our Learning Management System and resource scorecards help you validate someone’s skills upfront.
  • Screening security: our background checks and drug tests shield everyone from Adverse Action Letter requirements and other burdensome processes under the FCRA.
  • Insurance compliance: Work Market validates each contractor’s insurances so that you can require them. 
Feel free to reach out to sales@workmarket.com with any questions regarding our compliance tools.
    • #compliance
    • #contract labor
    • #independent contractors
  • 4 weeks ago
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Drive Insurance Requirements For Your Clients

In our continuing discussion on how Work Market’s tools assist you in mitigating compliance risk, today we are focusing on insurance compliance. Do you have General liability, Professional Liability or Theft/Crime insurance for the Resources you hire? Do you require Workers Comp regardless of specific state rules? Are your requirements higher than state requirements? What do your clients require?

Work Market mitigates insurance compliance risk by validating each contractor’s insurances so that you can require them.image

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    • #Compliance
    • #Insurance
    • #Insurance Requirements
  • 4 weeks ago
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Screening Check Compliance

In our continuing discussion on how Work Market’s tools assist you in mitigating compliance risk, today we are focusing on screening checks. Your internal process, or some of your clients, may require the Resources you engage to have passed a background check and/or a drug test. Having documentation on who passed which test, and when they passed, can be burdensome and may subject you to adherence to the Fair Credit Reporting Act (FCRA).


Fortunately for you, we have solved for this on Work Market. We offer background checks and drug tests directly to our Resources; thereby shielding everyone from Adverse Action Letter requirements and other burdensome processes under the FCRA.

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    • #Compliance
    • #Drug Test
    • #Background Check
  • 1 month ago
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Work Market Partners with FieldSolutions for Integrated Tech Field Service Ops - via SMB Nation

The following article comes was published by SMB Nation on April 18th, 2013. Here’s a link to the original.

Independent field service technician providerFieldSolutions has entered into an agreement with New York City-based Work Market to provide FieldSolutions’ clients with an even broader range of skill capabilities that can be accessed directly and seamlessly from the FieldSolutions management system, and supported by FieldSolutions’ technology field service operations support services and enterprise analytics tools.

The new relationship with Work Market, effective May 15, gives FieldSolutions’ clients the additional option to leverage the Work Market marketplace. The benefits to FieldSolutions’ clients include  an increased base of people registered with Work Market, all while working through a single field service management system, which provides consolidated administration for the broader range of staffing and skill offerings from FieldSolutions.

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Source: smbnation.com

    • #smb nation
    • #fieldsolutions
    • #partnership announcement
    • #independent contractors
    • #contract labor
  • 1 month ago
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[The VAR Guy] Work Market: Partnering Now… Surprises Soon?

The following article is borrowed from The VAR Guy. Published on April 18th, 2013. Here’s a link to the original article.

Work Market, which offers an enterprise labor marketplace, has partnered with FieldSolutions — an independent field service technician provider. The deal could help IT vendors and VARs to find and accelerate more customer engagements. But that’s not all — something else is brewing at Work Market. Something big…

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Source: thevarguy.com

    • #Work Market
    • #The VAR Guy
  • 1 month ago
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Work Market partners with FieldSolutions

FieldSolutions and Work Market deliver a breakthrough integrated service and resource capability to the Technology Services Industry

Partnership enables a new breadth of contingent services for technology field service operations coupled with enterprise-grade services and analytical tools

Minneapolis, MN and New York, NY— April 13, 2013—FieldSolutions, (http://www.fieldsolutions.com) North America’s premiere independent field service technician provider, has entered into an agreement with Work Market (www.workmarket.com), the  leading enterprise labor marketplace, to provide FieldSolutions’ clients an even broader range of skill capabilities that can be accessed directly and seamlessly from the FieldSolutions management system, and supported by FieldSolutions’ industry leading service operations support services  and enterprise analytics tools.

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  • 1 month ago
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Work Market is a labor resource platform designed to help businesses and contract workers find and engage each other.


Work Market enables companies to manage employees, vendors, and third parties in one unique platform.


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