Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Advice for new IT Contractors

By Gerry Subscribe to RSS | July 21st 2012 | Views:
loading
 
  



The very best tip for new IT Contractors is that they should not change their lifestyle too much for at least the first year of contracting.It is very tempting for new contractors to start spending a lot more money as they are now earning a lot more.

Some even borrow money against their new higher disposable income to buy the things they always wanted.Too often these contractors are taken by surprise by a spell out of work while still having to pay the interest on the flash cars and houses that they bought.It is difficult to tell contractors just to spend the same amount as they had done as a permanent worker for the first year of contracting but few would heed this advice.

So, what I will say is that you should allow yourself to increase your spending a little but that you should put off any major purchases till your second year of contracting or till at least you have six months under your belt and a good cash pile to rely on.You should stockpile enough cash to be able to survive at least 6 months out of work before you start making major purchases.

You will also find that, as a contractor, it's not only the holidays and sick pay that you don't get which you got as a permanent worker but that you no longer get a company pension.As you are now in a riskier profession it would a good idea to take out some IT Contractor Insurance

Many companies are insisting, nowadays, that contractors take out Professional Indemnity Insurance in case anything goes wrong on the project and you are to blame.The last thing you want is to be sued by your client for costing them a lot of money through a mistake by you.

If the company you worked for had health insurance you will obviously find that you are no longer covered and need to take out contractor insurance for your health and that of your family if you have one.

There are lots of contractors insurance products on the market and it is wise to choose which one suits you best.When you start that first contract, really knock yourself out at the start to do a good job.You will make your reputation for good or bad in the first month.After that impression has been made it will be hard to change it either way.

Then the renewals and rate increases will start coming.If you can take this advice you can have a long, successful and lucrative career as an IT Contractor.

Gerry - About Author:
For more information on IT Freelancer, IT Freelancing, Company setup, Contractor News, Contractor Job. Please visit:- www.itcontractor.com

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/advice-for-new-it-contractors.htm

Related Business Articles Subscribe to RSS

Railroad contractor- Capture the Construction Industry
Published by Nishaidhijames on August 22nd 2012 | Business
The railroad industry is an exceptionallybudding arena that requires expert’s personnel views rega...
 
The world is inching closer thanks to the world news
Published by Nidhigupta on July 6th 2012 | Business
World news refers to the news which is international. It deals with the subjects and issues at an in...
 
India news gaining lot of attention
Published by Nidhigupta on May 3rd 2012 | Business
Many people might consider India to be a country of the third world. However, very quick development...
 
Get updated with the latest India news
Published by Nidhigupta on June 6th 2012 | Business
India is a very unpredictable country. Anything can happen anywhere and at anytime in this nation. A...
 
Get to know about the latest India news
Published by Nidhigupta on May 30th 2012 | Business
After the independence, India has started to prosper at a large scale in every field. Due to the lat...
 
The advantages of online news
Published by Nidhigupta on June 11th 2012 | Business
People in today's world, lead a very busy life. They are all the time over loaded and occupied with ...
 
The benefits of online news
Published by Nidhigupta on June 11th 2012 | Business
The best way of watching news is online news. Online news has gained priority these days. The best t...
 
Get Top news that woes the World
Published by Nidhigupta on May 7th 2012 | Business
News can be anything that is relevant and interesting to the readers. These days it is important for...
 
The importance of UP news
Published by Nidhigupta on June 13th 2012 | Business
Uttar Pradesh rather UP is located in the northern part of India. It is the most populated state of ...
 
Automotive news on industry trends
Published by Jamessms on December 26th 2011 | Business
efficiency and greener models, or the discounts and add-ons that come with the amazing pack of wheel...
 
Impact of news in Punjab
Published by Nidhigupta on July 25th 2012 | Business
One of the basic necessities of the modern man: news. Not only it informs us about the happenings ta...
 
The upsetting breaking news for India
Published by Nidhigupta on July 23rd 2012 | Business
In this competitive world, it has become compulsory to keep ourselves updated with all the current e...
 
The progress Indian business news has made
Published by Nidhigupta on June 5th 2012 | Business
Since the post-independence period, India's business and trade economy has grown and has flourished ...
 
Online news is very beneficial
Published by Nidhigupta on June 12th 2012 | Business
Everyone today is keen on knowing about what is happening in their city, across their country, aroun...
 
Get updated about latest state news.
Published by Nidhigupta on May 15th 2012 | Business
Approximately, today, India's population is around 121 crore. Every second of every day, several eve...
 
Stay tuned to the latest India news
Published by Nidhigupta on June 21st 2012 | Business
Nowadays, breaking news has become a state of art. If not delivered fresh, it may become stale the ...
 
Aftermarket news- know what’s happening!
Published by Jamessms on January 30th 2012 | Business
If you are into any kind of automotive business, you need to know about what exactly is going on in ...
 
Military news catering to the people with specific interests
Published by Ashish Pandey on January 12th 2012 | Business
Military news can specifically serve to a group of people who have special interests in knowing abou...
 
Getting news headlines easily
Published by Nidhigupta on May 4th 2012 | Business
People are well known that there are several types of topics along with sports and political news he...
 
The shameful and terrible India latest news
Published by Nidhigupta on July 11th 2012 | Business
It is not a hidden fact, that India has a huge population. Thus, with such big population it is obvi...