I sometimes resent a little the disparity between what the clients pay for my services vs. my salary. Without exaggeration, I take home a little under 50% of what the client pays.
But at least I spent 0% of my time wondering about this. Plus I get paid leave (sick/holiday etc). I know my employer is still making a hefty profit, but I’m not sure I’d want to go the pure consulting route. Stories like this put me off. I would hurt my family if I had to routinely deal with chasing up the money.
In my industry the norm is a salary which is around 1/3 of the fees you’ve brought into the business, so near 50% is pretty good!
I’ve been lucky to not encounter this issue too much yet. Some people are slower than the 14 days I ask for invoices to be paid but it’s like an extra week or two, not several months.
The monthly revenue of the clients i manage is close to $400k. It stings when we don’t get bonuses when my co-worker and I bring in 6 figure projects and don’t get a bonus.
I sometimes resent a little the disparity between what the clients pay for my services vs. my salary. Without exaggeration, I take home a little under 50% of what the client pays.
But at least I spent 0% of my time wondering about this. Plus I get paid leave (sick/holiday etc). I know my employer is still making a hefty profit, but I’m not sure I’d want to go the pure consulting route. Stories like this put me off. I would hurt my family if I had to routinely deal with chasing up the money.
In my industry the norm is a salary which is around 1/3 of the fees you’ve brought into the business, so near 50% is pretty good!
I’ve been lucky to not encounter this issue too much yet. Some people are slower than the 14 days I ask for invoices to be paid but it’s like an extra week or two, not several months.
The monthly revenue of the clients i manage is close to $400k. It stings when we don’t get bonuses when my co-worker and I bring in 6 figure projects and don’t get a bonus.