Captain Your Own Ship – Becoming a Contractor

Posted Friday, January 8, 2016

The voyage from Employee to Contractor is a route that is becoming more and more travelled. Many people are deciding to take the wheel and steer their own ship to the land of Contracting and reap its benefits. It can be smooth sailing and just like any journey, this one can take a little preparation first. Ask yourself the following questions:

Have you spoken with other ships?

Before embarking on this voyage into the land of contracting, speak to as many people as possible who’ve sailed this route before you. Reap the benefits of their mistakes and learn what they would do differently in hindsight. You will save a lot of time and money this way. Speak to Contracting PLUS to get an insight into how this voyage can be of benefit to you.

How willing are you to delegate?

To run a tight ship you need to spend time on what matters most and delegate everything else to suitable parties. Consider engaging Contracting Plus to deal with your accounting needs and tax obligations. This will definitely make for smooth sailing!

How motivated are you to succeed?

Contracting can be very rewarding and it is important to stay on course. Write up a list of reasons why you want to make the leap into life as a contractor and make sure you look back over those reasons from time to time. Add newly discovered reasons why to keep motivation and encouragement at its highest.

Have you prepared for a detour?

You may never use it, but every good captain has the reserves needed in the event where they may like to take a detour. As a contractor it is advisable to save some money aside so that, if you wanted to, you could take some time off work to spend time with your family or to explore and then jump back on course when you need to.

Will you enjoy the journey?

Perhaps you’re turning to contracting so that you can spend more time with your family, or so you can have more time to pursue other interests. Make sure you take the time to enjoy the journey. Be strict about allocating time for yourself to take holidays and to rest and recuperate. Burnout is not uncommon among self-employed people and you want to avoid that if at all possible. After all, a seasick captain is of no use to anybody.

And remember, ‘A ship is safest in the harbour, but that is not what ships are meant for!’.

If you are interesting in exploring what it means to be a contractor or how to get started contact Contracting PLUS on 00353 (1) 611 0707 or via email at info@contractingplus.com. We’d love to help!

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The benefits of choosing Contracting PLUS

Our compliant contractors typically achieve the best retention rates; they take home more money.

Our App and online portal remove all the admin and hassle from you.

Standard company insurances are included (at no extra cost) in most cases.

You’ll have a Dedicated Account Manager to answer all your questions.

You’ll get ongoing pro-active tax saving tips and suggestions.

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