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Ask HN: When to make the jump to freelance/consultant?

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Re: Ask HN: When to make the jump to freelance/consultant?

#25
One element required is to have a network big enough to sustain itself off recommendations. I think that's absolutely necessary at least for 80% of your business revenue. If you're just hopping from one client to the next, you're not going to be in a strong decision to make good choices for your company when it comes to negotiations.

Re: Ask HN: When to make the jump to freelance/consultant?

#27
> The problem that I see is that this new lead is from a previous partner of my current client, so both jobs are related to my previous employer, I don't have a pipeline of possible prospects for my service, so I'm not sure if I'll be able to generate a pool of prospects while doing the work for this customers.

Work on building your pipeline, and having customers from launch day on.

Re: Ask HN: When to make the jump to freelance/consultant?

#28
post #25

One element required is to have a network big enough to sustain itself off recommendations. I think that's absolutely necessary at least for 80% of your business revenue. If you're just hopping from one client to the next, you're not going to be in a strong decision to make good choices for your company when it comes to negotiations.

I've been a consultant through my own company for 15 years and never needed to do this.

I simply apply for contract roles.

My day rate is 150+% of the average for my role and area and my contract terms are ridiculously weighted in my favor.

You can learn to negotiate going from one client to the next.

And you mainly have to be able to negotiate better than the client. That's pretty easy usually.

Re: Ask HN: When to make the jump to freelance/consultant?

#29
15 year+ consultant through my own company with recurring clients and more work than I can handle (and no interest in delegating or growing)

Never needed to network. Don't have to market myself. Never had or needed a full time position and never been short of work.

Get to know good recruiters who have streams of contract work with goal based outcomes.

Learn how the contracts are managed by middle men and understand why consultants and contractors are needed and what risk profiles they serve.

I'm used when times are tough, deadlines are tight or goals absolutely have to be hit.

My day rate is higher than my peers.

I'd say do it, find your niche and be ome the goto person for a specific kind of work.

Re: Ask HN: When to make the jump to freelance/consultant?

#30
post #25

One element required is to have a network big enough to sustain itself off recommendations. I think that's absolutely necessary at least for 80% of your business revenue. If you're just hopping from one client to the next, you're not going to be in a strong decision to make good choices for your company when it comes to negotiations.

I've been a consultant through my own company for 15 years and never needed to do this. I simply apply for contract roles. My day rate is 150+% of the average for my role and area and my contract terms are ridiculously weighted in my favor. You can learn to negotiate going from one client to the next. And you mainly have to be able to negotiate better than the client. That's pretty easy usually.

Where do you find these roles
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