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  3. To contract or not?

To contract or not?

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  • M Marc Clifton

    chambers-chris wrote:

    mainly because of the extra money

    :laugh: :laugh: :laugh: Self-employment tax: an additional 15% of your income Health Insurance: $3K-$4K / yr, if you can even get it, and then it's crappy anways Education, Equipment, Travel, etc: Easily $5K - $20K per year Long hours of work: priceless Long days of no work: worthless Tell your friend to think again. On the other hand, I would never go back to being a prostitute employee for a company unless there were very special and good reasons. Marc

    Thyme In The Country
    Interacx

    People are just notoriously impossible. --DavidCrow
    There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
    People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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    L Offline
    led mike
    wrote on last edited by
    #7

    Marc Clifton wrote:

    very special and good reasons.

    Greenbacks are good reasons and when there are enough of them it's special. :-D

    led mike

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    • T TheIdleProgrammer

      Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

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      Christopher Duncan
      wrote on last edited by
      #8

      The important thing to understand is that there are essentially two kinds of contracting. In a truly independent scenario, you chase down your own gigs, do your own invoicing and get 100% of the invoice. As others have mentioned, you also get 100% of the expenses. Nonetheless, a lot of people make it work. A second and somewhat lower risk scenario is working through one of the gazillion contracting companies out there. In the US at least, the way it usually works is that you're paid by the hour for every hour you work, but you're a W2 employee of the contracting company you happen to be working for at the moment. This means that they do the normal withholding and you don't get hit with self employment taxes. Additionally, most of them offer insurance as well. You won't get 100% of the billing rate as the contracting company has to make a living, too. However, you get paid every two weeks regardless of whether the client pays them or not. Although I've done both, the overwhelming majority of work I've done as a mercenary since '93 has been through these companies, and it's worked out well for me. When a gig is winding down, there are dozens of recruiters competing to hire you for the next one. As for your experience, much of it really boils down to supply and demand. A C# guy with a year of experience will have a much easier time finding a gig than a COBOL guy with twenty. My advice? Build relationships with as many recruiters as you can. They may not have a gig for you this time, but if you're nice to talk to and conduct yourself well, they'll certainly remember you when they do. Multiply this by dozens of recruiters and you have an excellent sales force out there hustling gigs for you. I say go for it. Just put some money in the bank each check in case you have a gap between gigs. It's a great way to make a living.

      Author of The Career Programmer and Unite the Tribes www.PracticalStrategyConsulting.com

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      • R Rob Graham

        Judah Himango wrote:

        does being a full-time contractor generally pay less than working for a company

        Did you mean in $ or in self-respect?;P

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        J Offline
        Judah Gabriel Himango
        wrote on last edited by
        #9

        I realize you're at the mercy of an employer, to do every crazy thing they dream up, to be in by X and leave not before Y, to dress up and look respectable, to work with others. :) So being self-employed is certainly more attractive in that sense, I realize, since those things don't always apply with contracting. I'm talking about money. I make about 70K working for a small company here in MN. The working conditions are very accommodating and flexible. Dress code is non-existant. :) If you account for paying for your own health, dental, etc. does contracting still pay more? p.s. mind if I ask how much you charge/hour? *edit* just realized you're Rob, not Marc. ;P

        Tech, life, family, faith: Give me a visit. I'm currently blogging about: Virginia Tech Shootings, Guns, and Politics The apostle Paul, modernly speaking: Epistles of Paul Judah Himango

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        • C Christopher Duncan

          The important thing to understand is that there are essentially two kinds of contracting. In a truly independent scenario, you chase down your own gigs, do your own invoicing and get 100% of the invoice. As others have mentioned, you also get 100% of the expenses. Nonetheless, a lot of people make it work. A second and somewhat lower risk scenario is working through one of the gazillion contracting companies out there. In the US at least, the way it usually works is that you're paid by the hour for every hour you work, but you're a W2 employee of the contracting company you happen to be working for at the moment. This means that they do the normal withholding and you don't get hit with self employment taxes. Additionally, most of them offer insurance as well. You won't get 100% of the billing rate as the contracting company has to make a living, too. However, you get paid every two weeks regardless of whether the client pays them or not. Although I've done both, the overwhelming majority of work I've done as a mercenary since '93 has been through these companies, and it's worked out well for me. When a gig is winding down, there are dozens of recruiters competing to hire you for the next one. As for your experience, much of it really boils down to supply and demand. A C# guy with a year of experience will have a much easier time finding a gig than a COBOL guy with twenty. My advice? Build relationships with as many recruiters as you can. They may not have a gig for you this time, but if you're nice to talk to and conduct yourself well, they'll certainly remember you when they do. Multiply this by dozens of recruiters and you have an excellent sales force out there hustling gigs for you. I say go for it. Just put some money in the bank each check in case you have a gap between gigs. It's a great way to make a living.

          Author of The Career Programmer and Unite the Tribes www.PracticalStrategyConsulting.com

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          P Offline
          Patrick Etc
          wrote on last edited by
          #10

          Christopher Duncan wrote:

          A second and somewhat lower risk scenario is working through one of the gazillion contracting companies out there. In the US at least, the way it usually works is that you're paid by the hour for every hour you work, but you're a W2 employee of the contracting company you happen to be working for at the moment. This means that they do the normal withholding and you don't get hit with self employment taxes. Additionally, most of them offer insurance as well.

          Any hints on where to find these magic bean - I mean, contracting companies? I'm not in a place right now to do it, but it is definitely something I have considered...


          Cheers, Patrick

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          • P Patrick Etc

            Christopher Duncan wrote:

            A second and somewhat lower risk scenario is working through one of the gazillion contracting companies out there. In the US at least, the way it usually works is that you're paid by the hour for every hour you work, but you're a W2 employee of the contracting company you happen to be working for at the moment. This means that they do the normal withholding and you don't get hit with self employment taxes. Additionally, most of them offer insurance as well.

            Any hints on where to find these magic bean - I mean, contracting companies? I'm not in a place right now to do it, but it is definitely something I have considered...


            Cheers, Patrick

            C Offline
            C Offline
            Christopher Duncan
            wrote on last edited by
            #11

            These days, the easiest thing to do is post on all the techie job sites and select contracting as a category. If you have an even moderately popular skill set, they'll be coming out of the woodwork. At that point, take the time and trouble to build a database, and keep track of the folks you talk to. You'll be surprised at how many companies you hear from and how quickly the database builds. Some will be drooling idiots, some will be unethical, some will rock, and most will be just average folks trying to make a living. Make a personal connection, keep notes, and conduct yourself in such a way as to make yourself memorable. All things being equal (and they frequently are in this scenario), people remember personality and those who obviously have their act together when it comes to taking care of business. Anyone can code. You'd be surprised how few truly dependable & easy to work with people there are out there. Be one of them, and you'll stand out in a crowd.

            Author of The Career Programmer and Unite the Tribes www.PracticalStrategyConsulting.com

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            • J Judah Gabriel Himango

              Marc, so does being a full-time contractor generally pay less than working for a company?

              Tech, life, family, faith: Give me a visit. I'm currently blogging about: Virginia Tech Shootings, Guns, and Politics The apostle Paul, modernly speaking: Epistles of Paul Judah Himango

              M Offline
              M Offline
              Marc Clifton
              wrote on last edited by
              #12

              Judah Himango wrote:

              so does being a full-time contractor generally pay less than working for a company?

              Well, the key phrase is "full-time contractor". The risk of contract work is the downtime. To avoid downtime means marketting oneself. So where does the marketting time come in? Does it cut into personal time, or the full time work? So, in theory it should be at least as well, factoring in all the self-employment costs. The real benefits, IMO, is the flexibility, staying somewhat disconnected from company politics, and working on really neat stuff rather than often getting locked into a particular technology/product. Personally, I've never been able to break through the barrier of getting enough work to hire farm it out. Of course, living in the boonies of upstate NY doesn't help with the "face thing". Marc

              Thyme In The Country
              Interacx

              People are just notoriously impossible. --DavidCrow
              There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
              People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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              • M Marc Clifton

                Judah Himango wrote:

                so does being a full-time contractor generally pay less than working for a company?

                Well, the key phrase is "full-time contractor". The risk of contract work is the downtime. To avoid downtime means marketting oneself. So where does the marketting time come in? Does it cut into personal time, or the full time work? So, in theory it should be at least as well, factoring in all the self-employment costs. The real benefits, IMO, is the flexibility, staying somewhat disconnected from company politics, and working on really neat stuff rather than often getting locked into a particular technology/product. Personally, I've never been able to break through the barrier of getting enough work to hire farm it out. Of course, living in the boonies of upstate NY doesn't help with the "face thing". Marc

                Thyme In The Country
                Interacx

                People are just notoriously impossible. --DavidCrow
                There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

                C Offline
                C Offline
                Chris Austin
                wrote on last edited by
                #13

                Marc Clifton wrote:

                I've never been able to break through the barrier of getting enough work to hire farm it out.

                Marc, do you think this is purely geographical and self marketing? Could it also be due to how much you are willing to commit to contracting time? I have a friend who has over committed his time and he is miserable and may as well stayed at his job. Personally, I am trying to under-commit in terms of hours that I can spend working on my clients project so that I can over-deliver for my first year or two of being a contractor. I figure the key to my long-term success as a contractor/consultant will be repeat business. I hope that makes sense :)

                My Blog A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects. - -Lazarus Long

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                • C Chris Austin

                  Marc Clifton wrote:

                  I've never been able to break through the barrier of getting enough work to hire farm it out.

                  Marc, do you think this is purely geographical and self marketing? Could it also be due to how much you are willing to commit to contracting time? I have a friend who has over committed his time and he is miserable and may as well stayed at his job. Personally, I am trying to under-commit in terms of hours that I can spend working on my clients project so that I can over-deliver for my first year or two of being a contractor. I figure the key to my long-term success as a contractor/consultant will be repeat business. I hope that makes sense :)

                  My Blog A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects. - -Lazarus Long

                  M Offline
                  M Offline
                  Marc Clifton
                  wrote on last edited by
                  #14

                  Chris Austin wrote:

                  do you think this is purely geographical and self marketing?

                  Somewhat. But also because, when you meet someone and sell yourself, you are selling yourself, not some guy under you that nobody knows. At least, I think that's the psychology of it. I really haven't figured it out, but I do know that if I lived in San Diego or SF or NYC or Boston or some other major metropolitan area, I could find a lot more contract work. People are rather reluctant to have offsite people work for them, it seems. And everything for me is a major commute, except Albany. I'm working on the Albany market with a partner. Speaking of which, partnering up with other consultants is really a good way to go, I think.

                  Chris Austin wrote:

                  I am trying to under-commit in terms of hours that I can spend working on my clients project so that I can over-deliver for my first year or two of being a contractor.

                  Even as an employee, I've learned that over-delivering results in over-delivery expectations, which results in over-committing. Repeat business is definitely important but I wouldn't put to many eggs in that basket. A couple clients, I've done what they've wanted, we go our different ways for a while, and a year or two later they call back with a new project. Of course, everyone's experiences as a consultant are bound to be different. It'd be interesting to get some of us in a room and share stories. Marc

                  Thyme In The Country
                  Interacx

                  People are just notoriously impossible. --DavidCrow
                  There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                  People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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                  • M Marc Clifton

                    Chris Austin wrote:

                    do you think this is purely geographical and self marketing?

                    Somewhat. But also because, when you meet someone and sell yourself, you are selling yourself, not some guy under you that nobody knows. At least, I think that's the psychology of it. I really haven't figured it out, but I do know that if I lived in San Diego or SF or NYC or Boston or some other major metropolitan area, I could find a lot more contract work. People are rather reluctant to have offsite people work for them, it seems. And everything for me is a major commute, except Albany. I'm working on the Albany market with a partner. Speaking of which, partnering up with other consultants is really a good way to go, I think.

                    Chris Austin wrote:

                    I am trying to under-commit in terms of hours that I can spend working on my clients project so that I can over-deliver for my first year or two of being a contractor.

                    Even as an employee, I've learned that over-delivering results in over-delivery expectations, which results in over-committing. Repeat business is definitely important but I wouldn't put to many eggs in that basket. A couple clients, I've done what they've wanted, we go our different ways for a while, and a year or two later they call back with a new project. Of course, everyone's experiences as a consultant are bound to be different. It'd be interesting to get some of us in a room and share stories. Marc

                    Thyme In The Country
                    Interacx

                    People are just notoriously impossible. --DavidCrow
                    There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                    People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

                    C Offline
                    C Offline
                    Chris Austin
                    wrote on last edited by
                    #15

                    Marc Clifton wrote:

                    Even as an employee, I've learned that over-delivering results in over-delivery expectations

                    Way too True. I'll have to keep this in mind. The second I read it the "memories" flooded back :)

                    My Blog A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects. - -Lazarus Long

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                    • T TheIdleProgrammer

                      Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

                      L Offline
                      L Offline
                      Lost User
                      wrote on last edited by
                      #16

                      Wish my waist would :sigh:

                      The tigress is here :-D

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                      • M Marc Clifton

                        Judah Himango wrote:

                        so does being a full-time contractor generally pay less than working for a company?

                        Well, the key phrase is "full-time contractor". The risk of contract work is the downtime. To avoid downtime means marketting oneself. So where does the marketting time come in? Does it cut into personal time, or the full time work? So, in theory it should be at least as well, factoring in all the self-employment costs. The real benefits, IMO, is the flexibility, staying somewhat disconnected from company politics, and working on really neat stuff rather than often getting locked into a particular technology/product. Personally, I've never been able to break through the barrier of getting enough work to hire farm it out. Of course, living in the boonies of upstate NY doesn't help with the "face thing". Marc

                        Thyme In The Country
                        Interacx

                        People are just notoriously impossible. --DavidCrow
                        There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                        People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

                        N Offline
                        N Offline
                        Nish Nishant
                        wrote on last edited by
                        #17

                        Marc Clifton wrote:

                        Of course, living in the boonies of upstate NY doesn't help with the "face thing".

                        But it does help lower your cost of living, right?

                        Regards, Nish


                        Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
                        C++/CLI in Action

                        Fly on your way like an eagle Fly as high as the sun On your wings like an eagle Fly and touch the sun

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                        • T TheIdleProgrammer

                          Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

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                          H Offline
                          Hans Dietrich
                          wrote on last edited by
                          #18

                          To make really good money as a contractor, you should pick a niche market - for example, working on programming/customising industrial robots. $100-200/hr. Requires a lot of travel, though.

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                          • J Judah Gabriel Himango

                            I realize you're at the mercy of an employer, to do every crazy thing they dream up, to be in by X and leave not before Y, to dress up and look respectable, to work with others. :) So being self-employed is certainly more attractive in that sense, I realize, since those things don't always apply with contracting. I'm talking about money. I make about 70K working for a small company here in MN. The working conditions are very accommodating and flexible. Dress code is non-existant. :) If you account for paying for your own health, dental, etc. does contracting still pay more? p.s. mind if I ask how much you charge/hour? *edit* just realized you're Rob, not Marc. ;P

                            Tech, life, family, faith: Give me a visit. I'm currently blogging about: Virginia Tech Shootings, Guns, and Politics The apostle Paul, modernly speaking: Epistles of Paul Judah Himango

                            E Offline
                            E Offline
                            Ed Gadziemski
                            wrote on last edited by
                            #19

                            Judah Himango wrote:

                            p.s. mind if I ask how much you charge/hour?

                            I'm not Rob or Marc, but when I was contracting in the mid-90s, I charged between $75 and $100 per hour, depending on the nature of the job. In theory, I could have grossed 200K per year, but there is occasional downtime between jobs and it's nice to have a few days off once in a while, so 140-150K is more realistic. Then, as Marc pointed out, there are taxes and expenses to cover.

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                            • H Hans Dietrich

                              To make really good money as a contractor, you should pick a niche market - for example, working on programming/customising industrial robots. $100-200/hr. Requires a lot of travel, though.

                              C Offline
                              C Offline
                              Chris Austin
                              wrote on last edited by
                              #20

                              Hans Dietrich wrote:

                              working on programming/customising industrial robots. $100-200/hr. Requires a lot of travel, though.

                              Oddly enough I turned down an opportunity to do just that about 7 months ago because of the travel. In my twenties I was on the road 90% of the time, I guess I've had my fill. But, I'd love the domain.

                              My Blog A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects. - -Lazarus Long

                              1 Reply Last reply
                              0
                              • T TheIdleProgrammer

                                Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

                                F Offline
                                F Offline
                                Flexyware
                                wrote on last edited by
                                #21

                                I've been a contracting now for almost 20 years. About 5 yrs ago I was in a bad position where I worked on a big project for 1.5 yrs. During this time I had no time to search for other contracting work and the bad part, when I finished the project, I was left with no job for 8 months. Very... Very bad... But then I found another job, A PERMANENT job !!! Working there for one year, I one morning got a letter on my table stating, sorry we are closing down the department, you are not required anymore, you have ONE MONTH. I was without a job again for 3 months and then was lucky to get three contracts and is now outsourcing. Let me tell you the lessons I've learned, NEVER depend only only on one client, while contracting look for the next contract, you MUST always be in a position where you can choose between two or more contracts. There is NO JOB SECURITY with a permanent job, having my permanent job gave me a one month notice, while contracting I have a minimum of three to six month notice of no work. Generally you score on tax if you contract, specially if you have more than 3 clients. Well, country laws depict this. Anyway, the best part.... you are not working for somebody else. Enjoy, go contracting, it is worth it and very interesting. cheers

                                S 1 Reply Last reply
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                                • T TheIdleProgrammer

                                  Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

                                  S Offline
                                  S Offline
                                  SimonRigby
                                  wrote on last edited by
                                  #22

                                  IMHO, your level of experience is not going to count for much. I have NEVER won a job based on qualifications and past experience. I have ALWAYS won work by being able to sell myself and grab opportunities that arise, and I have done significant amounts of repeat work based on first experiences with a new client. I suppose what I'm getting at is you need a marketing/promotional ability as well. Two truths exist when contracting above all others. If you don't do it no one else will. No one else is going to win you a job. I've been lucky in that I am able to sell myself and I get out and about to various networking groups. I have also formed some close alliances with other contractors/companies. For example I work closely with a web designer and as a result do nearly all of his development work. To sum up, yes you can make significantly more money as a contractor, and enjoy a better quality of life etc. However, the question is not whether its better, the question is whether its for you. If you don't enjoy "pressing the flesh" and selling yourself, then it could be an uphill battle, but like I have said there other ways to get work work like allying yourself with someone who is good at it. You will find yourself doing long hours, trying to keep several clients happy at the same time, but the difference is, you receive the benefit of long hours, not your employer. Oh and for the record, I'd never go back to employment :) Hope this help.

                                  The only thing unpredictable about me is just how predictable I'm going to be.

                                  1 Reply Last reply
                                  0
                                  • T TheIdleProgrammer

                                    Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

                                    C Offline
                                    C Offline
                                    canOgrog
                                    wrote on last edited by
                                    #23

                                    It really depends on your circumstances; if it's something that excites you and you really want to try it, I'd recommend staying in FTE for another 12 months and saving up a couple months wages on the side, if you can. Spend the first month of contracting reviewing how many jobs you're getting in and maybe limit yourself to 2 at a time (if you get lucky). After the first month, if you're finding it's not very fruitful then maybe return to FTE and do a few jobs on the side - that couple months wages you saved earlier could cover you while you find the right job. But yes, waiting until you've got a few more years' experience under your belt is a decent idea. I suppose it also depends on what your outgoings are - at the moment, I myself wouldn't risk going into contracting, and risk is the keyword here. :~


                                    What would you rather bee or a wasp?

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                                    • N Nish Nishant

                                      Marc Clifton wrote:

                                      Of course, living in the boonies of upstate NY doesn't help with the "face thing".

                                      But it does help lower your cost of living, right?

                                      Regards, Nish


                                      Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
                                      C++/CLI in Action

                                      Fly on your way like an eagle Fly as high as the sun On your wings like an eagle Fly and touch the sun

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                                      Marc Clifton
                                      wrote on last edited by
                                      #24

                                      Nishant Sivakumar wrote:

                                      But it does help lower your cost of living, right?

                                      Actually, no. Things are quite expensive here. Houses, heating fuel, gasoline, food, etc. It certainly is no cheaper, and I was just talking to someone who comes from Detroit, and she said the cost of living is considerably higher out here. Of course, employment opportunities in Detroit don't sound very attractive either. The only thing I save on is car expenses. I drive about 5 miles a day, shuffling Ian between home and the busstop and occasionally going to the school or a local client. Once a month I drive to Albany for a usergroup meeting. On the other hand, my girlfriend as a 20 mile commute (one way) each day. Which is pathetic. I'm making 6 to 8 times what she makes, and she's the one with the commute! Marc

                                      Thyme In The Country
                                      Interacx

                                      People are just notoriously impossible. --DavidCrow
                                      There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                                      People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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                                      • M Marc Clifton

                                        chambers-chris wrote:

                                        mainly because of the extra money

                                        :laugh: :laugh: :laugh: Self-employment tax: an additional 15% of your income Health Insurance: $3K-$4K / yr, if you can even get it, and then it's crappy anways Education, Equipment, Travel, etc: Easily $5K - $20K per year Long hours of work: priceless Long days of no work: worthless Tell your friend to think again. On the other hand, I would never go back to being a prostitute employee for a company unless there were very special and good reasons. Marc

                                        Thyme In The Country
                                        Interacx

                                        People are just notoriously impossible. --DavidCrow
                                        There's NO excuse for not commenting your code. -- John Simmons / outlaw programmer
                                        People who say that they will refactor their code later to make it "good" don't understand refactoring, nor the art and craft of programming. -- Josh Smith

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                                        PSU Steve
                                        wrote on last edited by
                                        #25

                                        Actually self-employment tax is only an extra 7.65%. As a W-2 employee, you pay social security and medicare (which amount to 7.65%) and your employer pays the other half. As a self-employed person, you pay both parts (15.3%). As for health insurance, I am a self-employed consultant and before I got married (now I fall under the wife's coverage) I had a Blue Cross/Blue Shield PPO here in Florida for $300 a quarter. It was good coverage. I am 37, have a clean health record (knock on wood) and came out of the military, so that might have helped with the low rate. Depending on who you work for (I still work for the US Air Force), the client may pay travel and equipment. They may even send you to specialized training depending on the situation. I do realize these last two probably are the exception rather than the rule. Steve

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                                        • T TheIdleProgrammer

                                          Hi everyone, A friend of mine that I work with has handed his notice in with the intent to return to contracting, mainly because of the extra money and benefit of being his own boss. I also intended to go contracting myself at some point in the near future and so, naturally, we ended up talking about my situation. He said (and I think I agree with him) that a contractor really needs a good 4-5 years solid experience before making a go of it, however he also said that he knows of a few people that went for it straight out of university and have done really well for themselves. I'm keen to know what other people out there think too. I've been working as a full time software engineer for a little over a year, am 24 with a background in electronic hardware design/embedded firmware. Cheers, Chris.

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                                          David Crow
                                          wrote on last edited by
                                          #26

                                          chambers-chris wrote:

                                          I'm keen to know what other people out there think too.

                                          Do you have a lot of self-discipline?


                                          "A good athlete is the result of a good and worthy opponent." - David Crow

                                          "To have a respect for ourselves guides our morals; to have deference for others governs our manners." - Laurence Sterne

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