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I am thinking of going out on my own as a consultant?
I have extensive managerial and business skills and I find myself at a cross roads in my life. I can take redundancy, accept an alternative but very inferior role within the same company (less hours, less hourly rate) or consider branching out as a quality consultant with one very other experienced freelancer.
Does any one in the UK have any practical advice for me including advice on HMRC, issues, pros and cons of freelancing, any words of wisdom/links/ideas? I currently work for a large third sector organisation in the health arena. I have a CertEd, a PG Diploma in social studies and an MA in business management,
I can post my linkedin profile if anyone has the time to look at it or can offer me more in-depth insight etc
Thanks everyone for taking the time to read this,
3 Answers
- Nosy ParkerLv 48 years agoFavorite Answer
Do you and the other experienced freelancer have any potential customers who will hire you if you become consultants and that too for a decent rate? If not then stick to the inferior job, it is tough out there, very few employers are hiring contractors as they can get the same services much cheaper by desperate full time employees who can't find jobs anywhere. Being a quality consultant is only in your mind unless someone or some company out there is prepared to pay you your rates.
- HsquaredLv 78 years ago
There is quite a demand for free lance interim managers - you need to get yourself on the books of some big management recruitment consultants. Also there are loads of websites for interim management jobs that you can search regularly. Quality is also a big growth area so there are quite a few opportunities out there.
You would need to register as self employed with the HMRC and fill in self assessment tax forms every year. So long as you have a variety of clients and you work on fixed term contracts there will be no problems with HMRC.
