No warchest here when I first went contracting in 1993.
Started talking with agents whilst still permie and had loads of interest but due to not having a start date it seemed to stall things. So I handed in my notice giving me 5 weeks, and the agents went silent, panicked slightly but kept at it and picked up a contract in Brussels in week 5, contracted without bench time until 2002.
Market is different now I grant you, but at the time my skills were very much in demand so felt confident.
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Reply to: How much was your warchest?
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Previously on "How much was your warchest?"
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In my 30's, so yes, ultimate defeat sounds about right!
Glad I went through the pain though, its all come good eventually...so far
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Setup Ltd company almost exactly 2 years ago.
Had about 3k in bank, but permie job was a drag so left anyway.
Took 2 months to get first Contract gig.
Had to bail out of my flat and go back to parents until I could build a war-chest as I was completely broke.
Since then I have bought a 300k house, and have not been out of a contact for longer than 2 months since!
(by choice)
Best move I ever made, although I was single then and probably wouldn't take the same risks now with a family.
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About two months. It then took me about two months to find my first contract.
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Originally posted by northernladyuk View PostIf you upped your game, you'd be able to charge > £2.50.
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Originally posted by jamesbrown View PostSo roughly 2.9999999 years with a weekly visit to nlady.
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Originally posted by Old Greg View PostIt's important to maintain standards.
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About 9 months including cash and other savings like shares/ISAs.
I was fortunate that I still had the bulk of a larger redundancy payment from two years earlier.
Although my warchest was quite big to start, it was a risk in the sense I quit a six figure package permie role before even starting to look for a contract role. I just hated some parts of my job and had to get away.
Took about 6-7 weeks to land my first interview and I started about 3 weeks later.
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£0 but my girlfriend had around 2 months of my outgoings covered (if I didn’t go out or buy anything).
Got my first contract during my notice period of the perm role and they were happy to wait. Just been extended again, currently have cover for about 4 months, but by the end of the new extension and probably the end of this contract I should have 7-8 months cover.
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Originally posted by WTFH View PostNo body, no crime, no redundancy
No body, but he still did time for it.
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Originally posted by SteelyDan View PostNot all of it; when it gets too tough he/she claims it's offensive then cries off to the mods leading to 'infractions'...
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