It was 2011 and a typical Tuesday. I was on the bus on the way home from work, blankly staring out the window and wonderi
ng if I was prepared to continue sacrificing the best years of my life for a pay cheque. Surely this is not how it’s meant to be. There must be more to life than this.
I’m an action taker so that very night, I started searching for answers. How much do I need to live? What am I prepared to sacrifice? What can I do to earn a decent income but have flexibility in my hours?
Contract Paraplanning was the answer for me and I want to make it easier for anyone considering the transition, so here are my tips:
Build a buffer – your income will fluctuate and it may be some time before money comes in. I recommend 2-3 months to cover your expenses.
Get out there – start connecting on social media, attend industry events, speak to anyone and everyone about what you are looking to do. People do business with people so start building relationships.
Talk to your boss – give them as much notice as possible. They may even want to keep you as a contractor. If your boss is a jerk, tell them to stick it.
Be different – why not place yourself as an expert Paraplanner? If you know your stuff, start sharing the content on social media. Information is no longer power because it’s readily available now. Be the person people think of when they think Contract Paraplanning.
Actually, with point 4, don’t be too good because then I’m going to have to work even harder for attention 😊.
In the early stages, say yes to all new work and work your ass off to get it done. When you become more established, you can become pickier about who you do and don’t work with.
Be wary of your current employment contract and the agreements you sign with a contracting company. Some contracting companies only allow you to work for them, which, unless they come up with the goods of a full and consistent workflow, will break you. Your employer may also have this restriction in your contract so be aware when considering moonlighting.
If you are considering this and want more guidance, hit me up on LinkedIn or Facey and I will try to point you in the right direction. Btw, after 5 years of converting to contracting, I can assure you, the grass is definitely greener over here.