Advice needed on breaking into Contracting (in Finance)

[gables]

To be fair 'Ask your accountant' doesn't need a lot of thought

Maybe the OP should've

[clearedforlanding]

I would suggest the list of what you don't know about is a lot longer than just "Australia".



This is what I'm aiming to do.

Interesting talk about the re-positioning of Accenture / Wi Pro. Good post earlier too .

Thanks.

It's a good route and I had a very good run with it.

What I learned:

Diversify and do not rely on one client.
NOT take all the money out of the business like a contract. A contractor needs a war chest and so does a business. The business war chest may cover other people.
It's not a co-op. Standard business roles and structure apply.
You will loose a friend or two.

[MrMarkyMark]

To be fair 'Ask your accountant' doesn't need a lot of thought

Did you ask your accountant about that?

Diversify and do not rely on one client.
NOT take all the money out of the business like a contract. A contractor needs a war chest and so does a business. The business war chest may cover other people.
It's not a co-op. Standard business roles and structure apply.
You will loose a friend or two.

Good advice. One of the ones I have known to fail failed becuase of mismanagement of finances, at one time it had 50+ people engaged.

[clearedforlanding]

Did you ask your accountant about that?





Good advice. One of the ones I have known to fail failed becuase of mismanagement of finances, at one time it had 50+ people engaged.

ITHR & Sytel are good examples of how to do this. (ITHR rely heavily on contractors so it should be interesting to see how things pan out for them.)

Also one is full of dicks, one isn't.