If you are not on good terms with your employer or boss, or if they’re thinking of eliminating your position, or if company is downsizing, merging, or being bought out, you can help them avoid unpleasantness (and cost) of firing you. You are actually doing them a favor by restructuring this in form of a contract for services that can be “stretched out” for a period of time.

Frankly, if an employer has to choose between letting you go and paying severance and benefits, versus signing a contract for a period of time and getting tangible work and services in return, which do you think they’d prefer? The funds for your contract may even be allocated from a different budget category, making it more affordable for them.

There’s one more reason your employer may opt for a contract: your knowledge. You are already familiar with your company, its clients and services. You’re able to provide services they need and you understand what has to be done.

It can be a win-win situation. Many creative people have used this logic in approaching their bosses to negotiate their first contract and go out on their own.

If you are really interested in starting your own business as a freelancer or independent consultant, or even thinking of changing directions with your work life, your current job can provide security you need in your first year to get started on your dream.