Originally posted by Bee
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Thinking about contracting
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Thinking about contracting"
Collapse
-
Originally posted by blackeye View PostIs English your second language? Your first sentence reads like a google translate job
Yes is my second language
This crap happen when I don't have time to review. I hope you can read this one better.
"When you opposed to a poster that is coincident with my opinion and probably work in UK, your point became irrelevant."
Leave a comment:
-
Originally posted by calibra View PostThanks for the replies.
Let me clear up something and try to explain...
I worked full time for 23 years and got to an IT Architect level. Started off as Desktop Support, Server Network Support, Manager and then IT Architect.
I left my full time job to work on small to medium sized companies supporting computers, Office 365, networks, etc
6 Months in, I have a number of customers. The work is mega easy, but people expect me to charge the same per hour as someone who has left school. This makes it cheap labour
People also want me to support user machines after ours so they keep working during the day. I am finding my evenings are busy and my family time is important to me.
I am wondering if I should stop and move over to contracting. I have the ability to quickly learn pretty much anything. I always have my head in a book picking up new skills. My home lab is pretty impressive.
I think considering quitting after only six months to go contracting would be a bad move.
If you're making money today and can pay your bills and feed your kids then I'd suggest giving it at least a year. You will find the freedom of running your own company outweighs the negatives.
I've been running my own company for 3 years full-time after 20 years in a corporate environment. I haven't been to a meeting in 3 years or wasted time listening to HR or had to deal with agents and feel for the first time in a long time that my life is my own. I'm in charge of what gets done, when it gets done, how it gets done and if it gets done.
The mistake you are probably making is focusing exclusively on the running your new business. You need to put aside some time to think about how you want to grow it. For example, how are you going to market more efficiently? How can you get higher-value work from your existing customers? How can you make what you do super-efficient so that it does not take up all your evenings? Can you get a body to do some of the low-level work for you?
If you are active inside companies, delivering a service that they value ( even if they aren't paying top dollar ) then you are in a position to exploit opportunities that arise.
For example you mentioned Office 365. Can you become an Office365 reseller? If you can then there's an opportunity to run migration projects and provide on-going support ( for which you receive on-going revenue ).
If you go contracting you'll be back in the same-old corporate environment that you left. It might be more comfortable but you wont get the same satisfaction from creating a company from scratch.
Good luck.
Leave a comment:
-
Originally posted by Bee View PostYou are insisting in one point that is irrelevant, when you answer the poster the opposite that is coincident with my opinion, and probably work in UK.
I know how the Consultants firms delivery oriented works, they can hire several external for several reasons but it's not because they don't tend to have permanent staff. You can believe it or not it's up to you.
Leave a comment:
-
Originally posted by SueEllen View PostSince I'm talking from my own experience I think not.
You don't actually work in the UK so you don't know the market.
I know how the Consultants firms delivery oriented works, they can hire several external for several reasons but it's not because they don't tend to have permanent staff. You can believe it or not it's up to you.Last edited by Bee; 13 October 2016, 21:27.
Leave a comment:
-
Originally posted by blackeye View PostSomething important to understand is that in Banking, specifically within the change/transformation business-focused teams (where most consultancies do business), the contractors do the exact same jobs as the consultants. There is absolutely no difference between the deliverables of a contractor and consultant working in the same capacity.
On site consultancies generally have a team structure that have a few exceptional people with SME skills and the rest that support or learn from them to enable them to deliver. When they don't have these SMEs available they take on contractors with the same niche skills as their SMEs.
I don't know much about how it works within the more technical areas and even less in other sectors. The intrinsic problem with this forum is that we all work in vastly different roles and industries, so silly advice to 'STAY AWAY FROM CONTRACTING BECAUSE ITS FINISHED, OVER, DONE' just isn't true.
Leave a comment:
-
Originally posted by blackeye View PostSomething important to understand is that in Banking, specifically within the change/transformation business-focused teams (where most consultancies do business), the contractors do the exact same jobs as the consultants. There is absolutely no difference between the deliverables of a contractor and consultant working in the same capacity.
On site consultancies generally have a team structure that have a few exceptional people with SME skills and the rest that support or learn from them to enable them to deliver. When they don't have these SMEs available they take on contractors with the same niche skills as their SMEs.
I don't know much about how it works within the more technical areas and even less in other sectors. The intrinsic problem with this forum is that we all work in vastly different roles and industries, so silly advice to 'STAY AWAY FROM CONTRACTING BECAUSE ITS FINISHED, OVER, DONE' just isn't true.
Leave a comment:
-
Originally posted by Bee View PostWhy you are saying the opposite? You are generalizing and showing your ignorance regarding this matter.
A Consulting without internal expertise is not a Consultant, and it's not true that they don't tend to have permanent staff. You opinion is based only in your experience without a sense of critic.
Like Big Blue, I also know clients that use the same IT Consulting firms for ages, using permanent staff and occasionally subcontractors to fulfill the lack of resources.
A consultant contractor is not the same as a contractor, they have different skills.
You don't actually work in the UK so you don't know the market.
Leave a comment:
-
Originally posted by Bee View PostWhy you are saying the opposite? You are generalizing and showing your ignorance regarding this matter.
A Consulting without internal expertise is not a Consultant, and it's not true that they don't tend to have permanent staff. You opinion is based only in your experience without a sense of critic.
Like Big Blue, I also know clients that use the same IT Consulting firms for ages, using permanent staff and occasionally subcontractors to fulfill the lack of resources.
A consultant contractor is not the same as a contractor, they have different skills.
On site consultancies generally have a team structure that have a few exceptional people with SME skills and the rest that support or learn from them to enable them to deliver. When they don't have these SMEs available they take on contractors with the same niche skills as their SMEs.
I don't know much about how it works within the more technical areas and even less in other sectors. The intrinsic problem with this forum is that we all work in vastly different roles and industries, so silly advice to 'STAY AWAY FROM CONTRACTING BECAUSE ITS FINISHED, OVER, DONE' just isn't true.
Leave a comment:
-
Originally posted by northernladuk View PostIs there anyone on this forum you haven't called ignorant so far?
Ignorance like I said before is not an insult is lack of knowledge and it doesn't mean to be stupid.
Originally posted by northernladuk View PostNow who's generalising? Contractor being a generic term for all of us regardless of what we do so both of them will have the same skills.
Originally posted by northernladuk View PostThe ability to run a small company, have an accountant and understand IR35.
Leave a comment:
-
Originally posted by Bee View PostWhy you are saying the opposite? You are generalizing and showing your ignorance regarding this matter.
A consultant contractor is not the same as a contractor, they have different skills.
Leave a comment:
-
Originally posted by SueEllen View PostOriginally posted by Big Blue Plymouth View PostI've had repeat business from several large companies over the years. These were working in the insurance and utilities sectors.
All of them now use consultancies and have no contractors on their books. Doesn't mean to say it's going to stay that way but for the time being it means that they and others who follow the same model are off limits.
That's a lot of contracts.
A Consulting without internal expertise is not a Consultant, and it's not true that they don't tend to have permanent staff. You opinion is based only in your experience without a sense of critic.
Like Big Blue, I also know clients that use the same IT Consulting firms for ages, using permanent staff and occasionally subcontractors to fulfill the lack of resources.
A consultant contractor is not the same as a contractor, they have different skills.
Leave a comment:
-
Originally posted by MrMarkyMark View PostDepends on what you do and whether you have a choice of industry sectors.
When you start you have to be truly flexible as this allows you to build up the war chest etc.
Good comment, but soft skills are very valuable too. This is often what will differentiate the need for an onshore role, rather than an offshore role.
Having worked with a lot of offshore teams, I recognise what works and what doesn't. To have a chance of making it work you need people onshore to do the management, IMO.
Leave a comment:
-
Originally posted by Big Blue Plymouth View PostI've had repeat business from several large companies over the years. These were working in the insurance and utilities sectors.
All of them now use consultancies and have no contractors on their books. Doesn't mean to say it's going to stay that way but for the time being it means that they and others who follow the same model are off limits.
That's a lot of contracts.
Leave a comment:
-
Originally posted by freelancelife View PostI moved from permanent to contract and would recommend the move. Despite there being less contract roles on the market than perm the rates are still significantly better.
To secure a new contract role however you can't be picky and focus on one area (like Central London). You need to be willing to work 2,3,4 hours plus from your current location. This is a lesson I learnt from several contractors who had been in the business for over 20 years. Flexibility is key. You may be working in Bristol one year and Reading the next.
You need to be willing to rent accommodation away from home as well as allocating time to paperwork for your ltd company every month.
You also need to overhaul your CV so you target a specific niche area. That is a specific application or operating system in the world of IT. You don't want to come across as a jack of all trades.
When you start you have to be truly flexible as this allows you to build up the war chest etc.
Good comment, but soft skills are very valuable too. This is often what will differentiate the need for an onshore role, rather than an offshore role.
Having worked with a lot of offshore teams, I recognise what works and what doesn't. To have a chance of making it work you need people onshore to do the management, IMO.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- How to answer at interview, ‘What’s your greatest weakness?’ Today 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Yesterday 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
- Will HMRC’s 9% interest rate bully you into submission? Nov 5 09:10
- Business Account with ANNA Money Nov 1 15:51
- Autumn Budget 2024: Reeves raids contractor take-home pay Oct 31 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Oct 31 09:23
Leave a comment: