When plan B becomes plan A

[oliverson]

I am sick and tired of depending on another company to provide my company with a living.

6 months of searching (3 on the bench) and I'm no closer landing contract work.

Sick of agents bulltulipting me and hand on heart even if I were to land another contract in banking the only thing that interests me is the rate. You can't run a business purely on rate even if those rates were there, which they clearly aren't anymore.

So, it's time to promote my plan B to plan A, sadly neglected whilst I've clung onto the hope of a quick fix that is a contract. In reality that hope has been a red herring, a carrot on a stick. Contracting is now my plan B.

Be glad to cleanse myself of the horrible investment banking sector and all the w4nkers I've encountered who work within it including the agents.

[badger7579]

So whats plan A? I'm mean B?

[oliverson]

So whats plan A? I'm mean B?

It's an eCommerce offering.

[Scoobos]

Talk about out of the frying pan and into the fire.

Best of British though!

[ChimpMaster]

Good luck mate. It's getting tough out there and if I had a Plan B I would certainly feel a lot better for having it to fall back on.

My Plan "?" at the moment is to stop contracting once this current one ends later this year. I've ridden the wave to the shore for this technology and there's no more work out there. So then I'll either:-

- try go permie and learn new skills over the next 2 years.
- or take the money I've saved and invest it somewhere. BTLs are OK but boring (I have a small portfolio ticking over) so perhaps another business of some kind.

Personally the idea of staying in IT - for the money at least - is not attractive to me any more. I need to be pushed, challenged and to show people what I really can accomplish (and I don't mean just earning £800/day!).

[oliverson]

Talk about out of the frying pan and into the fire.

Best of British though!

It's not your run of the mill offering. It's a far improved offering over what a small number of businesses are already doing. I bought the accounts of a 'competitor' (not the market leader by any stretch) and they make contracting rates look paltry in comparison:

Year | Turnover | Profit
==============
1 | £31k | £23k (8 months trading)
2 | £193k | £81k
3 | £355k | £245k
4 | £650k | £448k
5 | £727k | £452k

These are very encouraging figures. Question remains why haven't I committed to this already? Answer - lack of funds in warchest and the 'easy' £ 150k that is just one contract away. Only now it ain't that easy anymore!

[Taita]

It's not your run of the mill offering. It's a far improved offering over what a small number of businesses are already doing. I bought the accounts of a 'competitor' (not the market leader by any stretch) and they make contracting rates look paltry in comparison:

Year | Turnover | Profit
==============
1 | £31k | £23k (8 months trading)
2 | £193k | £81k
3 | £355k | £245k
4 | £650k | £448k
5 | £727k | £452k

These are very encouraging figures. Question remains why haven't I committed to this already? Answer - lack of funds in warchest and the 'easy' £ 150k that is just one contract away. Only now it ain't that easy anymore!

I must have missed something. What does this business do?

[northernladuk]

I must have missed something. What does this business do?

and how does your code work, and how did you market it, and who are your customers.....

[MarillionFan]

It's not your run of the mill offering. It's a far improved offering over what a small number of businesses are already doing. I bought the accounts of a 'competitor' (not the market leader by any stretch) and they make contracting rates look paltry in comparison:

Year | Turnover | Profit
==============
1 | £31k | £23k (8 months trading)
2 | £193k | £81k
3 | £355k | £245k
4 | £650k | £448k
5 | £727k | £452k

These are very encouraging figures. Question remains why haven't I committed to this already? Answer - lack of funds in warchest and the 'easy' £ 150k that is just one contract away. Only now it ain't that easy anymore!

Ah, a dragons den valuation.

[thunderlizard]

I must have missed something. What does this business do?

Sells copies of its accounts to wannabe entrepreneurs, apparently. Clever.