3 ms·

My consulting company bills me out at a much higher multiple than that in my gross salary

by zwaps 3y ago

iancmceachern 3y ago
You should start working for yourself. If you want advice/help on how to start, my contact info is in my bio. I used to be in that boat, now I'm in this boat.
- analog31 3y ago
  I'm a part time freelance musician, and oddly enough there's a similar situation in the music business. Bandleaders have to pay the musicians a reasonable cut of the proceeds from gigs, or the musicians will split off and form their own band.
- em-bee 3y ago
  when i work for myself the number of billable hours is cut in half due to the overhead of finding and negotiating new projects. i am in that boat and i have trouble keeping it afloat. i'd rather take a cut and work with an agency or a partner that finds the projects for me.
  - iancmceachern 3y ago
    I've been working on streamlining these things for myself, given the exact same pain points and limitations, and would be happy to share what I've learned. My contact info is in my bio.
    - bsmith 3y ago
      I'd like to hear more. It would be nice of you to write it in a comment to share with others that are interested instead of requesting DMs :)
      - iancmceachern 3y ago
        I'm not requesting DMs. I'm not comfortable sharing many specific details about my business publicly, in this forum. But I am comfortable sharing them with people who are where I was and want to get where I am. I'm happy to. I'm sure you understand. In service of answering your question anyway. I'm a hardware product design engineer. I can take ownership over an entire complex piece of hardware (medical device, IT product, etc) and architect it, design it mechanically, electrically and do the systems engineering. I'm able to deliver entire complex hardware products that work well (more than well), can be mass manufactured, and meet cost targets. I've designed surgical robotics systems, artificial hearts and other class III implanted devices, stuff in the disney parks, times square and even the Smithsonian. I have a website about myself with more information at www.iancollmceachern.com
  - cbsmith 3y ago
    Another alternative is to hire someone to manage the overhead and/or work on finding & negotiating new projects.
    - em-bee 3y ago
      how does one get started with this? with an agency they already have a track record and they also have multiple people they can draw on so if they have a project they can manage it with low risk. for an individual partner we need to get to know each other first, and then that person needs to be willing to only get paid when a project is successful, because otherwise i'd face having to pay a full salary from the start before we even have the first project. how does one find such a person?
      - cbsmith 3y ago
        Sales people you can pay on a commission basis, which separates the wheat from the chaff pretty quickly. There are companies like Sales Focus that specialize in it.

My consulting company bills me out at a much higher multiple than that in my gross salary

by zwaps 3y ago

My consulting company bills me out at a much higher multiple than that in my gross salary

You should start working for yourself. If you want advice/help on how to start, my contact info is in my bio. I used to be in that boat, now I'm in this boat.

analog31 3y ago
I'm a part time freelance musician, and oddly enough there's a similar situation in the music business. Bandleaders have to pay the musicians a reasonable cut of the proceeds from gigs, or the musicians will split off and form their own band.
em-bee 3y ago
when i work for myself the number of billable hours is cut in half due to the overhead of finding and negotiating new projects. i am in that boat and i have trouble keeping it afloat. i'd rather take a cut and work with an agency or a partner that finds the projects for me.
- iancmceachern 3y ago
  I've been working on streamlining these things for myself, given the exact same pain points and limitations, and would be happy to share what I've learned. My contact info is in my bio.
  - bsmith 3y ago
    I'd like to hear more. It would be nice of you to write it in a comment to share with others that are interested instead of requesting DMs :)
    - iancmceachern 3y ago
      I'm not requesting DMs. I'm not comfortable sharing many specific details about my business publicly, in this forum. But I am comfortable sharing them with people who are where I was and want to get where I am. I'm happy to. I'm sure you understand. In service of answering your question anyway. I'm a hardware product design engineer. I can take ownership over an entire complex piece of hardware (medical device, IT product, etc) and architect it, design it mechanically, electrically and do the systems engineering. I'm able to deliver entire complex hardware products that work well (more than well), can be mass manufactured, and meet cost targets. I've designed surgical robotics systems, artificial hearts and other class III implanted devices, stuff in the disney parks, times square and even the Smithsonian. I have a website about myself with more information at www.iancollmceachern.com
- cbsmith 3y ago
  Another alternative is to hire someone to manage the overhead and/or work on finding & negotiating new projects.
  - em-bee 3y ago
    how does one get started with this? with an agency they already have a track record and they also have multiple people they can draw on so if they have a project they can manage it with low risk. for an individual partner we need to get to know each other first, and then that person needs to be willing to only get paid when a project is successful, because otherwise i'd face having to pay a full salary from the start before we even have the first project. how does one find such a person?
    - cbsmith 3y ago
      Sales people you can pay on a commission basis, which separates the wheat from the chaff pretty quickly. There are companies like Sales Focus that specialize in it.