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Do not give up your business and work full time for the guy you contract with now. Here is what you are missing. You are getting paid for the contract work plus you are free to work other jobs. Maybe higher paying jobs. What the guy is offering you is going to be about the same money you get from him now for a full time job instead of the part time you work for him now. He is also planning to up the volume of work too. When he has worked you for all you are worth, he will contract again. Only with someone else.