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Former contractor here. At some point you have to commit to what you want to do and do it. There's some good suggestions in this thread for finding your first
by 100k 11y ago
Former contractor here.
At some point you have to commit to what you want to do and do it. There's some good suggestions in this thread for finding your first full-time gig.
One thing that I want to point out is that before you make the leap, you should save at least 3 months of living expenses. Most contracting gigs I had were billed at the end of the month with net 30 terms. That means from the day you start, it will be 60 days before you get paid (and net 45 terms are not unheard of, which is even worse). The key to successfully transitioning to contracting is to be able to make up that 2+ month gap in income.
Having savings is also important because you will rarely find yourself 100% utilized, so you need to be able to survive the lean times between contracts.
- sportanova 11y agoWhy would you take those terms (unless you had no choice, but you probably do if you have 3 months living expenses)? Seems like a crazy risk where you could end up working for 2 months and not getting paid. What about installments?
- 100k 11y agoSometimes you can get better terms but where and when I was contracting they were pretty standard.