| Date: | Tue, 1 May 2001 00:48:00 +0100 |
| Reply-To: | John Whittington <John.W@MEDISCIENCE.CO.UK> |
| Sender: | "SAS(r) Discussion" <SAS-L@LISTSERV.UGA.EDU> |
| From: | John Whittington <John.W@MEDISCIENCE.CO.UK> |
| Subject: | Re: Slightly Off-Topic -- Consulting vs. Full-Time Wages |
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| In-Reply-To: | <E14uH35-0006EM-00@relay1.netnames.net> |
| Content-Type: | text/plain; charset="us-ascii" |
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At 09:55 30/04/01 -0700, William W. Viergever wrote:
>Only a 1000? <g>
That's certainly the figure than many 'sole consultants' work to. If one
is working for some sort of 'firm', with support staff, then one can
generally do much more than that. However, if one is essentially "on one's
own", there are very substantial elements of non-billable time - and unless
ones is to forget about 'getting a life' (away from work), that generally
limit ones billable hours considerably. For example, on average I spend
maybe 20% of my 'working hours' enagaged in discussions (meetings, written
or whatever) about potential future work projects, a very high proportion
of which never 'come to anything' - and that's before one starts thinking
about those activities known as 'admin' :-)
>And as a unsolicited piece of advice - quoted hourly rates are great, but,
>in my experience, the sooner you can move to fixed price quotes, the sooner
>you can begin to make *real* money. Obviously, this assumes that you are
>able to extract an agreed upon quote that you are able to come in under.
I couldn't agree more - and that's what I always try to do. However, it is
a two-edged sword, since there have been more occasions than I care to
remember on which I have seriously underestimated the amount of work
involved when I have agreed a 'fixed price' up front!
>Again, me thinks my situation might be a bit different than other
>"consultants" in that I'm sort of a hub for multiple clients, vs. being
>sort of a spoke and being tied to just one-at-a-time clients as many others
>are -thus it's alittle more feasible for me to do these "fixed-price"
>thingies.
I'm in roughly the same position as you, and, as I've been saying, I think
this is a very different situation from those 'consultants' who are
effectively doing a series of 'full time jobs' in all but name.
Kind Regards,
John
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