I'm branching out (in a way) bored of work

#23
I'm doing that pretty much anyway. When Eurostar was introduced I put 44000 miles on a car in six months visiting sites and signing them off.
I expect more time spent on trains for daytime visits and only driving for night time visits.
Yers I know I put some mileage in there as well, probable we didn't meet but I was on the Inaugural runs to Brussels and Lille and I still have some photos of Waterloo being constructed somewhere.Happy days.
 
#24
Good on ya big lad. Just try to leave some work for others...
 
#26
Seven years since I went out on my own. Most of that time I was a consultant, mixing contract work, sole trader and through my own company. I'm an engineer, but much of my focus has been bids and proposals. Plus Ive done some FX trading. I always had a tinge of regret at walking away from a path to senior exec, but on balance it was the right thing to do.

This year I've changed sector. I mean big time changed sector. We're 9 months into a skincare business about to do an IPO. I'm 54. I've never been more motivated. I learn new stuff every day, meet people from very different backgrounds to engineering. You only live once; just do it!

My top tip for an engineer in his 50s. Do something else, preferably something where your customers are MILFs!
 

TheIronDuke

ADC
Book Reviewer
#29
I'd like to retire before I croak
Personally I would like to croak before I retire. Watching Jeremy Kyle then a round of golf sounds worse than death to me.

Best of luck going it alone. A couple of points?

A consultant wakes up every day unemployed. Scary at first but if you are good, work will come.
Luck is a factor. I find the more phone calls I make, the luckier I get.
Look at the bits that are causing the big boys a headache. With your experience, ask yourself what is the simple solution. Dress it up and flog it back to them.
A consultant is a man who borrows your watch to tell you the time. Then invoices. Do not be shy with the invoice. PWC charge £1800 a day. £500 a day or £50 an hour seems fair?

Be lucky.
 

ugly

LE
Moderator
#30
£550 a day plus vat is what I'm aiming for
 

ugly

LE
Moderator
#32
Maybe worth getting professional indemnity insurance, just in case.
I had to once, I usually get a letter of authority granting me a level of authority. I won't accept a signed JD as adequate but getting the right level of indemnity without lying is prohibitively expensive.
 

TheIronDuke

ADC
Book Reviewer
#33
£550 a day plus vat is what I'm aiming for
So £400 for cash? Sound.Make sure your clients can claim the VaT back? Theres some weird Not for Profit outfits who cannot.
 

ugly

LE
Moderator
#34
its big firms and they need turning over, compared to what they pay for me through an agency its good vfm
 

TheIronDuke

ADC
Book Reviewer
#35
but getting the right level of indemnity without lying is prohibitively expensive.
From memory I have £2m PI and £5m PL insurance. Costs about £300 a year with Hiscox. Best not to lie when those sort of sums are involved?
 

ugly

LE
Moderator
#36
From memory I have £2m PI and £5m PL insurance. Costs about £300 a year with Hiscox. Best not to lie when those sort of sums are involved?
I got away with similar but the client wouldn't indemnify me so I refused to sign off anything that wasn't listed on my insurance.
cost me a post as they wouldn't renew the contract but frankly they were stupid and I milked the job as long as I could bare it.
life is too short to work for bitter petty narrow minded w@nkers
 

TheIronDuke

ADC
Book Reviewer
#37
Will you be working with girly trains or proper trains? Like a DELTIC. God. It's been a while. DELTIC

 

ugly

LE
Moderator
#38
behave you filthy gricer signalling works so much better without trains irritating me
 

TheIronDuke

ADC
Book Reviewer
#39
You need to watch this and learn. It will help you to be a consultant.

 

ugly

LE
Moderator
#40
That's pretty much the railway I started in in 1989.
 
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