Originally posted by phillcooper
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10 contractors at £400 a day is £20k a week You give them that on a Friday and invoice the client for £20k plus markup. 8 weeks later (at a minimum) the client pays you. Meanwhile you had to lay out 8 weeks at £20k, or £160k debt that will always be there and will need servicing. Assume your money costs you 5% a year, that's roughly £52k loss a year right there.
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