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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I was also tired of the rat race and office politics and quit that job to become a consultant. I work as an independent contractor now. The client is supposed to review my work and their employees are ultimately responsible for all of my work products. I don't think about work after I leave the office in the evenings, and even if I work overtime occasionally, I'm paid for it. There are no more concerns about promotions, raises, better office space, no more performance reviews and goal setting; no immediate boss; and the pay is better as well. Love it.[/quote]

Please, PP, tell me how you did this. What field? Where do you find clients? Do you work for the government? Do you have one employer who rehires you on a contract basis?

I have very specialized skills, and I'm sure I'd make a lot more money as a consultant, but I don't know where to begin (and I dont' have a lot of time to research this). Did you set up a legal single owner business (sorry, don't know the correct terminology)? I have an accountant and lawyer to set things up if need be, but I don't know how to do invoicing, how much to charge for my time, etc. --where did you learn all this? And how do you pay for health insurance? I have a child with a chronic illness, so COBRA isn't affordable for me, and Obamacare is a fantasy at this point. Sorry to hijack, but you are living my fantasy! [/quote]
I'm a CPA. My corporate job was so stressful that I resigned and started exploring other opportunities. When recruiters told me about other corporate jobs, I was somewhat scared of those jobs thinking they might be no better than my previous one. Then I was told that a large company needs a temporary contractor for an unknown period of time.  I knew the company and trust them a lot, so I didn't bother about setting up an LLC or a corporation. If it were a smaller, less reputable client, then it would have definitely made sense to form an LLC. My current contract is for at least 18 months and may be extended further. In the meantime, recruiters keep contacting me about the partners' positions with the smaller CPA firms because they feel I must have an "entrepreneurial spirit" to be an independent consultant.

It took me about a week to get this offer after I uploaded my resume to the job website. Therefore I'm not sure whether temporary consulting services are in such demand or it was pure luck to get a good contract so quickly. Anyway, even if it took a few months to find a contract, I'd rather work 6 months a year making good money than downshift to a lower skills profession making 50% less. I had also no clue how much to charge, but the recruiters provided some ideas.

I'm sorry about your child's health condition. Our entire family is on my husband's health insurance plan. However, if your skills are in demand, your rate should compensate for the lack of benefits and you should be making enough to cover all extra expenses. I wonder if there is a meetup group of independent contractors who quit their corporate jobs. It would be nice to share experience and brainstorm ideas.[/quote]

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