Originally posted by ruasonid
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How to structure and run a new consultancy?
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
the only time I've seen anything like this work is when each person has very different skills.
EG. A techie, a salesman and a PM. The salesman will never do billable work and the other 2 have to accept that their work is paying for him.
As other have said, the reason it doesn't work and usually fails is over sharing of workload and cash.
You'd also need some very good legal documentation and seriously consider what each of you want to achieve long term. I imagine you've not thought much further ahead than the next 6 months when 6 years is the minimum sort of timeline for an agreed plan.See You Next TuesdayComment
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Originally posted by Lance View Postthe only time I've seen anything like this work is when each person has very different skills.
EG. A techie, a salesman and a PM. The salesman will never do billable work and the other 2 have to accept that their work is paying for him.
As other have said, the reason it doesn't work and usually fails is over sharing of workload and cash.
You'd also need some very good legal documentation and seriously consider what each of you want to achieve long term. I imagine you've not thought much further ahead than the next 6 months when 6 years is the minimum sort of timeline for an agreed plan.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostIt sounds like they're using it as a vehicle to enable the business that they've near enough secured (hence no salesman needed). Legal documentation is a must, but if the company is simply an entity through which they have to operate, then they don't need a salesperson - it's still a case of discussing the proposal with an accountant to establish what the simplest and/or best options are.
I learnt that temping in an import/export department just out of university."You’re just a bad memory who doesn’t know when to go away" JRComment
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Deja-vu all over again
I feel I've seen this question before
Always good to get a second opinionComment
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Just use A B And C shares and declare dividends according to how much each of you bills the client, less some agreed amount to pay the accountant etc.
As long as you can charge at consultancy rates you'll have twice as much money anyway, so no point in bickering about the penniesComment
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Originally posted by hugebrain View PostJust use A B And C shares and declare dividends according to how much each of you bills the client, less some agreed amount to pay the accountant etc.
As long as you can charge at consultancy rates you'll have twice as much money anyway, so no point in bickering about the pennies'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by Lance View Postthe only time I've seen anything like this work is when each person has very different skills.
EG. A techie, a salesman and a PM. The salesman will never do billable work and the other 2 have to accept that their work is paying for him.
As other have said, the reason it doesn't work and usually fails is over sharing of workload and cash.
You'd also need some very good legal documentation and seriously consider what each of you want to achieve long term. I imagine you've not thought much further ahead than the next 6 months when 6 years is the minimum sort of timeline for an agreed plan.Comment
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Originally posted by Antman View PostI'd say that it's the other way around, the dev guys have to accept that without the sales guy they have no money coming in.
Lets just say I have an insight to what someone else is involved in and sometimes has my input too
I should add this is in the context of actually growing a business, not just getting a few BOS in a couple of places (got the T shirt for that one somewhere).Last edited by MrMarkyMark; 2 February 2017, 19:34.The Chunt of Chunts.Comment
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Originally posted by Antman View PostI'd say that it's the other way around, the dev guys have to accept that without the sales guy they have no money coming in."You’re just a bad memory who doesn’t know when to go away" JRComment
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