Reply to: Turning To Recruiting

[itjobs]

Erhum - unlike yourself on this thread ??

I am not sure who you are trying to please here. If there is one place where you can get opinions of contractors, it is here. If you weren't expecting replies, you wouldn't have posted this would you?

For sure, you had a clueless, unsubstantiated ambition with no business plan whatsoever. So you were scared when you realised that someone also had the same idea (there could be many more). Instead of working with them, you panicked.

[gables]

Not supportive - realistic.

If as a contractor you have these skills then you can start a consultancy and expand it.

Some posters on here have already done so and I've met people in real life who have as well.

Agree completely, my two friends did just that, they weren't your out and out sales guys, but bloody good consultants (very technical to boot) but with business savvy to develop it further - I'm rather jealous of his Ferrari

[SueEllen]

this thread is in danger of being supportive of agents and the hard work they put it to find us roles

Not supportive - realistic.

If as a contractor you have these skills then you can start a consultancy and expand it.

Some posters on here have already done so and I've met people in real life who have as well.

[Lance]

A doddle it isn't, as shown in that thread we just see the tip of the iceberg, but that's like most things isn't it?, just take a look what BAs have to do

[gables]

There was a very long thread on this recently where someone thought it was a doddle. Didn't look so good once we'd finished

A doddle it isn't, as shown in that thread we just see the tip of the iceberg, but that's like most things isn't it?, just take a look what BAs have to do

[northernladuk]

Yes these are all valid points that would need to be worked through and none insurmountable (imho) if handled in the right way. Was interested to see thoughts across the forum and no doubt further points to be made.

There was a very long thread on this recently where someone thought it was a doddle. Didn't look so good once we'd finished

[kaiser78]

Yes these are all valid points that would need to be worked through and none insurmountable (imho) if handled in the right way. Was interested to see thoughts across the forum and no doubt further points to be made.

[LondonManc]

this thread is in danger of being supportive of agents and the hard work they put it to find us roles

Appreciative rather than supportive. It's a sales job and you need an aptitude for it.

[Lance]

this thread is in danger of being supportive of agents and the hard work they put it to find us roles

[SueEllen]

They are usually started by an agent who left one of the existing agencies with experience and contacts in the field.

Just you wait until your new practice gets bombarded with requests for holiday/sick pay and notice period payments and IR35 this, IR35 that requests, lawsuit threats and what not from your new flock of contractors.

And how are you going to find clients, with nothing to show for in your background.

It's not as easy as you might think.

Added to that how are your networking skills?

You need to network with both clients and potential workers to find the contracts and fill them quickly. This means you will be working very long hours plus weekends. Even when you are sick or on holiday you will have to call people to ensure you don't miss an opportunity.

You will then have to take on staff to do what you can't do and will have to ensure they don't run off with either as other agencies and businesses e.g. consultancies will be trying to steal any of your good staff.

[MrMarkyMark]

Also factor in that you will need capital up front to factor invoices, unless you can get all your contractors to agree to only get paid when you do.

If you have 10 bodies on site at £500 per day then you need to have ~£100,000 in spare cash floating around every month around to guarantee you can pay everyone.

Good luck convincing everyone to not only opt out but also accept the payment terms.

Obviously, you can get other parties to do the factoring, but it will cost you

[DaveB]

Also factor in that you will need capital up front to factor invoices, unless you can get all your contractors to agree to only get paid when you do.

If you have 10 bodies on site at £500 per day then you need to have ~£100,000 in spare cash floating around every month around to guarantee you can pay everyone.

Good luck convincing everyone to not only opt out but also accept the payment terms.

[MrMarkyMark]

Good luck getting on the PSL anywhere without a long track record & healthy balance sheet!

There are other ways of doing it?
Obviously the PSL is the best way.

[uk contractor]

Good luck getting on the PSL anywhere without a long track record & healthy balance sheet!

[Lance]

They are usually started by an agent who left one of the existing agencies with experience and contacts in the field.

Just you wait until your new practice gets bombarded with requests for holiday/sick pay and notice period payments and IR35 this, IR35 that requests, lawsuit threats and what not from your new flock of contractors.

And how are you going to find clients, with nothing to show for in your background.

It's not as easy as you might think.

^^^^ THIS ^^^^

I worked once for an IT consultancy who thought it was crazy to keep paying agency fees.
12 months later, after the startup had failed 3 times they realised is was cheaper to pay an agency than kick-start a business they thought they understood and found out they didn't.
And this was in the 90s, before IR35 (and other regulations) made it difficult.