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Reply to: Become an employer?
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Previously on "Become an employer?"
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Originally posted by minsky1 View Post
The fun bit is having revenue generated while you take time off.......
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Currently doing this.
300K turnover, 2 full time staff and sub out some work.
The fun bit is having revenue generated while you take time off.......
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Originally posted by realityhack View PostWas scraping by until he employed the sales chap, and now they have almost more work than they can handle.
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Originally posted by PAH View PostYeah that's the problem with contracting. The gulf between it and permiedom is so big it just keeps on sucking us in. Only a few ever manage to escape into another career path such as starting their own business.
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Originally posted by Cheshire Cat View Postseems like the gist is that most people think it could be a good earner, but is probably too much bother, given that most contractors earn a decent enough living just managing themselves.
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seems like the gist is that most people think it could be a good earner, but is probably too much bother, given that most contractors earn a decent enough living just managing themselves.
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Simpler option is to buy £1 share in AtW's SKA, sit back and await the public floatation.
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A mate of mine has done it - creative director, technical director and full time sales manager in a ltd earning proper money - employing offshore coders in India and SA to do the bulk of the work, for peanuts. Makes a tidy living. Was scraping by until he employed the sales chap, and now they have almost more work than they can handle.
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The point about ease of access is crucial I think. Why on earth would someone come and work for MyCo for £X/year when they could go to Accenture/KPMG etc, or go contracting directly?
To be successful a product is essential I think, but then that's a different model to the one I was proposing, where you're effectively selling labour. Clearly if you have a (good, marketable, in-demand) product then you're selling the product and support/training etc rather than just bums on seats.
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Originally posted by Bear View PostI've seriously thought about it. Done costing models etc
2 difficulties i came across:
1. Getting the work in. Most of the work I get is based on me doing it - that's why i'm contacted. I would need to persuade client that other person is good. Possible but would probably mean doubling up for a while on each project therefore halving income.
2. How long would employee stick around knowing what money they could earn as a contractor. Probably OK to hire grads but expect a high staff turnover.
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I've seriously thought about it. Done costing models etc
2 difficulties i came across:
1. Getting the work in. Most of the work I get is based on me doing it - that's why i'm contacted. I would need to persuade client that other person is good. Possible but would probably mean doubling up for a while on each project therefore halving income.
2. How long would employee stick around knowing what money they could earn as a contractor. Probably OK to hire grads but expect a high staff turnover.
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Originally posted by PAH View PostI think having a niche is the key. If you've got experience and can sell it enough to generate more demand than you can handle then it could work.
Secret is to pay your permies a pittance and brain-wash them into thinking they are worthless.
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