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I work as an independent consultant as my "startup". I had been consulting for about 5 years for other people and saw less and less value in letting the consult
by S_A_P 11y ago
I work as an independent consultant as my "startup". I had been consulting for about 5 years for other people and saw less and less value in letting the consulting company take 65% of the money they charge for me. I made a good salary, but I never took health benefits, though I did use 401k matching. Anyway, it took a while, but I made the correct contacts and was able to sign MSAs with the 2 major software vendors I do work for, and now can land my own work. I now bill for about 85% of what the other companies charged for me, and even after paying both sides of the employment taxes I have come out way ahead. I found an 18 month project that was planned so that nobody would work > 40 hours a week and have a 7-4 work schedule. There is a possibility of travel, but I will increase my rate for those gigs to make up for the "hardship".
I dont know that I could really call my business a startup, but I do think that if you are working your ass off as a consultant and have a legitimate skill set and the right contacts, you can make your life better. It sounds like this guy just traded one sweatshop for another of his own making.
- avs733 11y agoI took a fairly similar path for a couple years and honestly felt it was pretty much the best of all worlds (corporate/consulting/startup). The only hiccup was growth...I found myself taking on and wanting to do more and it slowly became more than I could handle myself or through the part time online services available at this point in time. People under appreciate their value as an independent consultant so often I am really surprised.