Re:Ask HN: How to get stock as a contractor or consultant?
by JoeAltmaier on Monday November 02, 2015 @11:43AM
(#10492898)
I must be running a public service then. We find it easy to stay 100% busy, and 2000 X rate is well north of the number this thread started with. No need to up the rate; maybe the market would support it. Working less sounds attractive though!
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Re:Ask HN: How to get stock as a contractor or consultant?
by tptacek on Monday November 02, 2015 @11:52AM
(#10492974)
If you back out your hourly rate, is it within $100 of an effective hourly rate you think you could get (maybe with some hustling) as a full time engineer somewhere?
Re:Ask HN: How to get stock as a contractor or consultant?
by JoeAltmaier on Monday November 02, 2015 @12:01PM
(#10493074)
Sadly, no, I could never earn like this as an employee.
Re:Ask HN: How to get stock as a contractor or consultant?
by tptacek on Monday November 02, 2015 @12:12PM
(#10493185)
Nice. If you're billing over $2k/day, I don't get to be patronizing to you.
A pretty common strategy is to dial your rate to a point where you're consistently between 70-80% utilized, and to raise your rates some % for all new clients annually.
At a consultancy with a team of people, a utilization rate over 85% might be considered overheated, risking burning people out.
(Though if you're running a body shop you don't care about overheating).
If it was just me and a partner consulting, I'd use rates to dial utilization back to 50%.