Reply to: LTD COMPANY and SOURCING CONTRACTORS

[cojak]

Since this thread has descended into I am now locking it.

If you want to slap each other do it in General.

[northernladuk]

This place is amusing. Not only are the people on it business geniuses but highly skilled detectives more astute than Inspector Clouseau himself...

Have a award from me. Saddest of all the saddo techies who spend all their time on here ...

Many thanks. It will take price on my awards shelf which is looking a bit dusty this year thanks to AtW.

The thing your moronic posts are missing is that ideas do not make businesses of themselves. It requires someone to drive them and this poster is not that person. Even with the best idea (which this is not) someone has to make it happen, and that sadly won't be the OP.

If someone had come on with a better argument, even the basics of what to do and shown a bit of nouse then yes, go right ahead, make a million and embarrass all us techies. We might actually be helpful to him as well.

If you do actually have anything constructive to add to this thread then please go ahead. I am waiting with bated breath.

[Jeebo72]

Actually you are probably right, this isn't the right place for entrepreneurial thinking to blossom.. but you need to have a basic grasp if you are going to take it any further. There is a huge difference between spotting a potential plan and stabbing blindly in the dark... which your sockie is.

This place is amusing. Not only are the people on it business geniuses but highly skilled detectives more astute than Inspector Clouseau himself...

Have a award from me. Saddest of all the saddo techies who spend all their time on here ...

[LisaContractorUmbrella]

ADferkinVICE

Jesus ******* christ....

Or does that kinda prove that the owner and troll sockie are on the same thread... hmmmmm

You must spread some Reputation around before giving it to northernladuk again.

[DigitalUser]

Well I, for one, had a good laugh! You are going to offer to contractually engage contractors to agencies so they can sell them on to their clients?????

Have you asked any agencies if they will enter into such an arrangement with you?

As others have asked.....how are you going to pay your contractors...... you have a large cash fund? Say you put out 5 contractors for a month. The client takes two months to pay the agent who takes another month to pay you. You have £100,000 to put up?

Others are better judges than me but I say you are a sockie.

Or nuts, out of their depth, or both.

[Taita]

I am hoping to sub contract the work to contractors, but they will be trading under the ltd company banner.

What are the requisites for this to go ahead?

I.e. Wages, contract, security clearance etc.

Im looking into the processess already and how things should flow from one week to the next.

Well I, for one, had a good laugh! You are going to offer to contractually engage contractors to agencies so they can sell them on to their clients?????

Have you asked any agencies if they will enter into such an arrangement with you?

As others have asked.....how are you going to pay your contractors...... you have a large cash fund? Say you put out 5 contractors for a month. The client takes two months to pay the agent who takes another month to pay you. You have £100,000 to put up?

Others are better judges than me but I say you are a sockie.

[northernladuk]

As I said, you're in the wrong place. This is a place for company directors. All of which will be taking over from Alan Sugar shortly. Many of which are astute, witty and urbane. Always, without question, correct, mainly because they tell you they are correct. As you can see ...

Good luck, but try somewhere else for advise, unless you want to know how to complete world of warcraft.

J

Actually you are probably right, this isn't the right place for entrepreneurial thinking to blossom.. but you need to have a basic grasp if you are going to take it any further. There is a huge difference between spotting a potential plan and stabbing blindly in the dark... which your sockie is.

[northernladuk]

As I said, you're in the wrong place. This is a place for company directors. All of which will be taking over from Alan Sugar shortly. Many of which are astute, witty and urbane. Always, without question, correct, mainly because they tell you they are correct. As you can see ...

Good luck, but try somewhere else for advise, unless you want to know how to complete world of warcraft.

J

ADferkinVICE

Jesus ******* christ....

Or does that kinda prove that the owner and troll sockie are on the same thread... hmmmmm

[Bunk]

A bit like ;

Invent something really useful that no one else has thought about, sell loads and retire.

Or write a classic novel and retire on the royalties.

Simples

I think you'll find it's something like:

1. Collect underpants
2. ????
3. Profit!!!

It worked for SKA

[stek]

Thank you The Faqqer.

That's what I want to hear. Experience and good solid honest advice.

Thats something I will definitely take on board. It sounds like you know what you're doing with a positive mindset and 'can do' attitude.

A bit like ;

Invent something really useful that no one else has thought about, sell loads and retire.

Or write a classic novel and retire on the royalties.

Simples

The reality is a lot of hard work, numerous balls ups, several cracks at it. If you have the right stuff for this to come off, you shouldn't be asking idiots like us where to start.

You need a strong charismatic persona and drive to succeed in a market where there are so many players, do you have that?

[Jeebo72]

As I said, you're in the wrong place. This is a place for company directors. All of which will be taking over from Alan Sugar shortly. Many of which are astute, witty and urbane. Always, without question, correct, mainly because they tell you they are correct. As you can see ...

Good luck, but try somewhere else for advise, unless you want to know how to complete world of warcraft.

J

[kevpuk]

Thank you The Faqqer.

That's what I want to hear. Experience and good solid honest advice.

Thats something I will definitely take on board. It sounds like you know what you're doing with a positive mindset and 'can do' attitude.

Precursor to a 'job offer' ?

[Chosen1]

Thank you The Faqqer.

That's what I want to hear. Experience and good solid honest advice.

Thats something I will definitely take on board. It sounds like you know what you're doing with a positive mindset and 'can do' attitude.

[TheFaQQer]

I am hoping to sub contract the work to contractors, but they will be trading under the ltd company banner.

OK, so you are going to adopt the "associate model" - ie. pretend to be a consultancy, but in reality you just get a load of contractors in who work for their LTD, engaged as subcontractors by your company.

Firstly, cut out the idea of you providing bodies through an agency to a client - that won't work. Mainly because a contractor will ask why they should have two people in the chain taking a chunk of their margin (two margins, two people to run off with the money), and also because agencies tend not to be resourcing wholesale projects in this way. You know when they say, "I've got a number of roles..." - they really mean zero. Clients don't get an agency in to get a consultancy to do the work - they engage the consultancy directly.

The best way to start is to look at what work you can bid for - once you have a project in the bag to supply x consultants, then you need to find them. You then charge a massive margin, as a consultancy would, and pay a much smaller share to the associates. The problem with this is that you need to spend a significant amount of time and money on marketing your consultancy, preparing bids, accepting that they fail sometimes, and making sure that at the same time you have enough money to live on. You'll also need enough money to pay your associates before you get paid by the client - if you haven't, then you'll need to look at factoring the invoices.

Once you have delivered a few projects and got a name for yourself, then while those are still running on, keep bidding for more work and keep winning it. It wouldn't hurt to make sure that you have some kind of certification, eg. Oracle Certified Partner or similar, so that when people who have never heard of you do a search, at least there is something there which makes it look like you know what you are doing.

After that, I'd suggest moving into managed services - long-term contracts with lots of money, and you don't have to do much. Of course, you'll need to look into whether you are going to host the software physically yourself, or just essentially body-shop into the client organisations.

Once the company is of a sufficient size, sell out, retire and remember it was me that told you how to do it.

[stek]

Ok, I'll bite.

Actually I won't bother.