The pros and cons of being an independent contractor

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Most people have considered striking out on their own at some point in their career. Here are the basic pros and cons of becoming an independent contractor.
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Dictate our rates? I’m new to a company employing me as a contractor and we had to agree to their rates. How do we get a day in that conversation?

JADiaz
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Then what’s the difference between contractor vs a business owner

leylav
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Hello,
If I work for more than one companies (direct competitors) as an independent contractor, then am I breaking any agreements?

shivprasadswami