{"id":8237,"date":"2022-04-05T13:27:30","date_gmt":"2022-04-05T13:27:30","guid":{"rendered":"https:\/\/coolcompany.com\/uk\/?post_type=blog&#038;p=8237"},"modified":"2025-03-27T15:22:02","modified_gmt":"2025-03-27T15:22:02","slug":"making-the-decision-to-become-a-contractor","status":"publish","type":"blog","link":"https:\/\/coolcompany.com\/uk\/blog\/making-the-decision-to-become-a-contractor\/","title":{"rendered":"Making the decision to become a contractor"},"content":{"rendered":"\n<section class=\"wp-block-coolcompany-section is-style-default has-lighter-primary-background-color has-background\">\n<div class=\"wp-block-columns is-style-columns2 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-style-larger-col is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2.png\" alt=\"\" class=\"wp-image-8165\" srcset=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2.png 776w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2-300x251.png 300w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2-768x641.png 768w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2-480x401.png 480w\" sizes=\"(max-width: 776px) 100vw, 776px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-style-larger-col is-layout-flow wp-block-column-is-layout-flow\"><div class=\"breadcrumbs align  wp-block-bcn-breadcrumb-trail has-text-color has-background\" vocab=\"https:\/\/schema.org\/\" typeof=\"BreadcrumbList\">\n\t<span><\/span>\n\t<\/div>\n\n\n\n<h1 class=\"wp-block-heading\" id=\"h-making-the-decision-to-become-a-contractor\"><strong><strong><strong>Making the decision to become a contractor<\/strong><\/strong><\/strong><\/h1>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-coolcompany-separator has-lighter-primary-background-color has-background\"><svg width=\"100%\" viewbox=\"0 0 1600 60\" fill=\"none\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" role=\"img\" aria-hidden=\"true\"><path fill=\"#ffffff\" d=\"M0 0L29.6667 1.75612C59.5 3.36587 118.833 6.87807 178 12C237.167 17.122 296.167 23.8537 355.333 22.6829C414.5 21.5122 473.833 12.1464 533.333 9.07319C592.833 5.85368 652.167 8.78051 711.333 11.2683C770.5 13.6098 829.5 15.6585 888.667 18.7317C947.833 21.9512 1007.17 26.3415 1066.67 27.8049C1126.17 29.2683 1185.5 27.8049 1244.67 23.7073C1303.83 19.4634 1362.83 12.7317 1422 8.34148C1481.17 3.95124 1540.5 1.90246 1570.33 1.02441L1600 0V60H1570.33C1540.5 60 1481.17 60 1422 60C1362.83 60 1303.83 60 1244.67 60C1185.5 60 1126.17 60 1066.67 60C1007.17 60 947.833 60 888.667 60C829.5 60 770.5 60 711.333 60C652.167 60 592.833 60 533.333 60C473.833 60 414.5 60 355.333 60C296.167 60 237.167 60 178 60C118.833 60 59.5 60 29.6667 60H0V0Z\"><\/path><\/svg><\/div>\n\n\n\n<section class=\"wp-block-coolcompany-section\">\n<div class=\"wp-block-columns is-style-columns1 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">What do you need to know before becoming a contractor?<\/h2>\n\n\n\n<p class=\"has-text-align-left\" id=\"h-leaving-permanent-full-time-employment-is-the-dream-for-so-many-people-we-all-need-money-a-way-to-pay-the-bills-but-having-the-freedom-to-say-no-to-pick-and-choose-the-jobs-you-spend-your-time-on-and-the-chance-to-set-your-own-rate-of-pay-that-s-a-scenario-within-the-grasp-of-most-of-us-we-just-have-to-take-the-leap-and-begin-a-life-of-contract-work-but-is-it-that-easy-and-are-there-things-you-really-should-consider-becoming-a-contractor\">Leaving permanent full-time employment is the dream for so many people. We all need money, a way to pay the bills. But having the freedom to say \u2018no\u2019, to pick and choose the jobs you spend your time on, and the chance to set your own rate of pay? That\u2019s a scenario within the grasp of most of us. We just have to take the leap, and begin a life of contract work. But is it that easy? And are there things you really should consider becoming a contractor?<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-coolcompany-separator is-style-has-shadow\"><svg width=\"100%\" viewbox=\"0 0 1600 60\" fill=\"none\" xmlns=\"https:\/\/www.w3.org\/2000\/svg\" role=\"img\" aria-hidden=\"true\"><path fill=\"#ffffff\" d=\"M0 0L29.6667 1.75612C59.5 3.36587 118.833 6.87807 178 12C237.167 17.122 296.167 23.8537 355.333 22.6829C414.5 21.5122 473.833 12.1464 533.333 9.07319C592.833 5.85368 652.167 8.78051 711.333 11.2683C770.5 13.6098 829.5 15.6585 888.667 18.7317C947.833 21.9512 1007.17 26.3415 1066.67 27.8049C1126.17 29.2683 1185.5 27.8049 1244.67 23.7073C1303.83 19.4634 1362.83 12.7317 1422 8.34148C1481.17 3.95124 1540.5 1.90246 1570.33 1.02441L1600 0V60H1570.33C1540.5 60 1481.17 60 1422 60C1362.83 60 1303.83 60 1244.67 60C1185.5 60 1126.17 60 1066.67 60C1007.17 60 947.833 60 888.667 60C829.5 60 770.5 60 711.333 60C652.167 60 592.833 60 533.333 60C473.833 60 414.5 60 355.333 60C296.167 60 237.167 60 178 60C118.833 60 59.5 60 29.6667 60H0V0Z\"><\/path><\/svg><\/div>\n\n\n\n<section class=\"wp-block-coolcompany-section has-white-background-color has-background\">\n<div class=\"wp-block-columns is-style-columns1 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">What are the main benefits of contracting?&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Flexibility <\/strong>\u2013 Standard business hours can make juggling personal commitments difficult, especially if you have children. Contracting gives you the option to work when it suits you.<\/li>\n\n\n\n<li><strong>Choice<\/strong> \u2013 When contracting, you have the power to choose the work you do. And that can make a world of difference when it comes to job satisfaction.<\/li>\n\n\n\n<li><strong>Money<\/strong> \u2013 Contractors still have to work within reasonable bounds, but if you\u2019re good at your job, you have the power to set the rates you deserve.<\/li>\n\n\n\n<li><strong>Location, location, location <\/strong>\u2013 If variety is the spice of your life, you can select contracted roles that will take you to varying locations. If commuting is your idea of hell, target the work-from-home positions. The choice is yours.\u00a0\u00a0<\/li>\n\n\n\n<li><strong>Experience<\/strong> \u2013 Perhaps more than anything else, contracting gives you experience. If you want to become an expert in your field, contracting can give you a taste of endless sectors, helping you to discover different practices and new ways of working.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-coolcompany-maskedimage blob_mask_1\"><div class=\"gradient-background\" style=\"background:linear-gradient(45deg, #7142E9 0%, #BA37F9 100%)\"><\/div>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-1024x683.jpg\" alt=\"\" class=\"wp-image-8239\" srcset=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-1024x683.jpg 1024w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-300x200.jpg 300w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-768x513.jpg 768w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-1536x1025.jpg 1536w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-2048x1367.jpg 2048w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-1080x721.jpg 1080w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-1280x854.jpg 1280w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-980x654.jpg 980w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/04\/iStock-1158129667-480x320.jpg 480w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Happy business couple sharing private information<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-coolcompany-section has-white-background-color has-background\">\n<div class=\"wp-block-columns is-style-columns1 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"wp-block-heading\">What are the drawbacks of contracting?<\/h3>\n\n\n\n<p>As a counterpoint to the positives, anyone looking into <a href=\"https:\/\/coolcompany.com\/uk\/blog\/how-do-i-become-a-contractor\/\">becoming a contractor <\/a>should also be aware of the downsides.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lack of security and benefits<\/strong> \u2013 Being your own boss is great, but that feeling of being cut adrift with no job security can be daunting. As can the lack of benefits such as sick pay, holiday pay, maternity\/paternity pay, and pension.<\/li>\n\n\n\n<li><strong>Training<\/strong> \u2013 As an employee, professional development comes almost as standard. As a contractor, if you want to stay up to date with new tech \u2013 or anything else \u2013 it\u2019s on you to manage it.<\/li>\n\n\n\n<li><strong>High expectations<\/strong> \u2013 Businesses who work with contractors expect you to know what you are doing. Right from day one. You need to be confident in your ability to do that. <\/li>\n\n\n\n<li><strong>Admin<\/strong> \u2013 Contracting brings layers of unexpected admin and legislation. Unless you decide to work with an umbrella company, you need to be prepared to handle that.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<div class=\"wp-block-coolcompany-separator is-style-has-shadow has-white-background-color has-background\"><svg width=\"100%\" viewBox=\"0 0 1600 60\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\"><path fill=\"#ffffff\" d=\"M0 0L29.6667 1.75612C59.5 3.36587 118.833 6.87807 178 12C237.167 17.122 296.167 23.8537 355.333 22.6829C414.5 21.5122 473.833 12.1464 533.333 9.07319C592.833 5.85368 652.167 8.78051 711.333 11.2683C770.5 13.6098 829.5 15.6585 888.667 18.7317C947.833 21.9512 1007.17 26.3415 1066.67 27.8049C1126.17 29.2683 1185.5 27.8049 1244.67 23.7073C1303.83 19.4634 1362.83 12.7317 1422 8.34148C1481.17 3.95124 1540.5 1.90246 1570.33 1.02441L1600 0V60H1570.33C1540.5 60 1481.17 60 1422 60C1362.83 60 1303.83 60 1244.67 60C1185.5 60 1126.17 60 1066.67 60C1007.17 60 947.833 60 888.667 60C829.5 60 770.5 60 711.333 60C652.167 60 592.833 60 533.333 60C473.833 60 414.5 60 355.333 60C296.167 60 237.167 60 178 60C118.833 60 59.5 60 29.6667 60H0V0Z\"><\/path><\/svg><\/div>\n\n\n\n<section class=\"wp-block-coolcompany-section\">\n<div class=\"wp-block-columns is-style-columns1 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">How do you know if now is the right time to become a contractor?<\/h2>\n\n\n\n<p>You can start contracting any time that you feel ready. If you think you\u2019ve got the skills that employers want, try it. As a safety measure, many people begin contracting on a part-time basis. Working in the evenings or at weekends, building clients. But that\u2019s not always a necessary step. Just make sure that you have your finances in order to manage the transition.<\/p>\n<\/div>\n<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-coolcompany-section has-lighter-primary-background-color has-background\">\n<div class=\"wp-block-columns is-style-columns2 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-style-smaller-col is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-coolcompany-maskedimage blob_mask_3\"><div class=\"gradient-background\" style=\"background:linear-gradient(45deg, #BA37F9 0%, #FD7B78 100%)\"><\/div>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-1024x683.jpg\" alt=\"\" class=\"wp-image-8039\" srcset=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-1024x683.jpg 1024w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-300x200.jpg 300w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-768x512.jpg 768w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-1536x1024.jpg 1536w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-2048x1365.jpg 2048w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-1080x720.jpg 1080w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-1280x853.jpg 1280w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-980x653.jpg 980w, https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/GettyImages-643923379-480x320.jpg 480w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-style-larger-col is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\">How can Cool Company help?<\/h2>\n\n\n\n<p>As an umbrella company, Cool Company can help you to find clients, and to manage the red tape that contracting brings. Managing insurance, holiday pay, and compliance issues, so you can get on with the business of doing business. <strong>Ready to get started?<\/strong><\/p>\n\n\n\n<div class=\"wp-block-buttons is-horizontal is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-499968f5 wp-block-buttons-is-layout-flex\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-primary\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/coolcompany.com\/uk\/get-started\/\">get started<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Leaving permanent full-time employment is the dream for so many people. But what do you need to know before becoming a contractor?<\/p>\n","protected":false},"featured_media":8165,"template":"singular.php","categories":[6465],"tags":[6753,6739],"class_list":["post-8237","blog","type-blog","status-publish","has-post-thumbnail","hentry","category-cc-insights","tag-blog","tag-contracting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.2 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Making the decision to become a contractor - Cool Company UK<\/title>\n<meta name=\"description\" content=\"Leaving permanent full-time employment is the dream for so many people. But what do you need to know before becoming a contractor?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coolcompany.com\/uk\/blog\/making-the-decision-to-become-a-contractor\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Making the decision to become a contractor\" \/>\n<meta property=\"og:description\" content=\"Leaving permanent full-time employment is the dream for so many people. But what do you need to know before becoming a contractor?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coolcompany.com\/uk\/blog\/making-the-decision-to-become-a-contractor\/\" \/>\n<meta property=\"og:site_name\" content=\"Cool Company UK\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-27T15:22:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coolcompany.com\/uk\/wp-content\/uploads\/sites\/3\/2022\/02\/contractor-working-from-home-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"776\" \/>\n\t<meta property=\"og:image:height\" content=\"648\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/blog\\\/making-the-decision-to-become-a-contractor\\\/\",\"url\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/blog\\\/making-the-decision-to-become-a-contractor\\\/\",\"name\":\"Making the decision to become a contractor - Cool Company UK\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/blog\\\/making-the-decision-to-become-a-contractor\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/blog\\\/making-the-decision-to-become-a-contractor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coolcompany.com\\\/uk\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2022\\\/02\\\/contractor-working-from-home-2.png\",\"datePublished\":\"2022-04-05T13:27:30+00:00\",\"dateModified\":\"2025-03-27T15:22:02+00:00\",\"description\":\"Leaving permanent full-time employment is the dream for so many people. 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