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  (#1)
Go Team Venture!!!
 
Jedi's Avatar
 
Posts: 1,326
Join Date: April 23, 2004
Location: Round Hill
Job ops - May 13, 2009, 06:42 PM

So I had to leave my last company due to some weird shenanigans that I did not want to be involved with. (Prick still owes me 30K which I will probably never see).

I am starting up a new tech consulting company and will be looking for some help. (just FYI, I've started and sold 2 software companies and walked away with a bigger bank account) I had some success with it and want to try it again however I have an idea which might help all us unemployed tech people and maybe some non techies. Here is what I am suggesting

I am going to start a "collective" of companies under a single umbrella name. Every member will be a corporation unto themselves and they share the business opportunity. The "collective" presents itself as a single orginization to customers (it won't be called "The Collective" but I haven't come up with a name yet. As far as our customers know we are one company.

This is how it works.
Letís say we are doing a fixed cost software development project. The managing company (me at the moment) sets up the organization and takes care of "overhead" possibly a central office too. Letís call it "The Collective" (no star trek jokes please).

The collective partners with different people upfront to do different jobs. So Bizdev person agrees to work on a commission of 5% or 10% of the final revenue.

Then we have a requirements capture and documentation person or persons (also a company unto themselves) who set an agreed upon hourly rate. Same thing for developers and testers and a Project manager. Everyone provides their own equipment. The collective as a group can partner on a server for a dev/test environment or the customer can pay for the dev environment as part of the cost.

Everyone agrees on the rate up front and understands that we all donít get paid till the work is done or some set pay schedule. All work is done at home or at client site.

Once the project is done the commission based people get paid first, then the hourly rates are paid, then everyone shares the final leftovers equally.

For example (I made the math easy)
Project revenue is $100,000, we know this is going to cost 50,000 because we estimated the cost up front based on everyone hourly rate. So letís say itís a month long project and everyone has a $62.50 hourly billing rate or agrees to do it for 10,000. There are 5 people besides the bizdev guy on the project (bizdev doesnít get hourly rate just 10% commission). Everyone works exactly 160 hours and takes home 10,000.

bizdev guy gets 10% so he goes home with 10,000 right off the bat.
Hourly fees and costs are paid second. So this works out to $50,000.
So of the 100,000 we have 40,000 left over. This is now divided equally among the members of the team as a bonus. Everyone takes home an extra $6666.

Everyone handles their own taxes and costs and provides own equipment (Remember youíre each a partnering company)

The collective management closes and manages the deals, finances, and manages the collective organization not individual projects, does some recruiting, etc normal every day operations management.

There are a few details that need to be ironed out but I think itís a good idea. Better than throwing resumes all over the place.

Iíve got over 10 years of operations management and 20 in software development. Anyone else interested in giving this a go? I am not interested in debating politics about socialism just trying to pay the bills. What do you think?


"Whore Force One" pilot
The Whitest of White Boys
Not 40 yet!
The Force is strong in this one
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  (#2)
Say Jur Oh
 
Seijirou's Avatar
 
Posts: 2,809
Join Date: April 27, 2003
Location: Herndon, VA
May 13, 2009, 07:15 PM

Quote:
Originally Posted by Jedi View Post
So I had to leave my last company due to some weird shenanigans that I did not want to be involved with. (Prick still owes me 30K which I will probably never see).

I am starting up a new tech consulting company and will be looking for some help. (just FYI, I've started and sold 2 software companies and walked away with a bigger bank account) I had some success with it and want to try it again however I have an idea which might help all us unemployed tech people and maybe some non techies. Here is what I am suggesting

I am going to start a "collective" of companies under a single umbrella name. Every member will be a corporation unto themselves and they share the business opportunity. The "collective" presents itself as a single orginization to customers (it won't be called "The Collective" but I haven't come up with a name yet. As far as our customers know we are one company.

This is how it works.
Letís say we are doing a fixed cost software development project. The managing company (me at the moment) sets up the organization and takes care of "overhead" possibly a central office too. Letís call it "The Collective" (no star trek jokes please).

The collective partners with different people upfront to do different jobs. So Bizdev person agrees to work on a commission of 5% or 10% of the final revenue.

Then we have a requirements capture and documentation person or persons (also a company unto themselves) who set an agreed upon hourly rate. Same thing for developers and testers and a Project manager. Everyone provides their own equipment. The collective as a group can partner on a server for a dev/test environment or the customer can pay for the dev environment as part of the cost.

Everyone agrees on the rate up front and understands that we all donít get paid till the work is done or some set pay schedule. All work is done at home or at client site.

Once the project is done the commission based people get paid first, then the hourly rates are paid, then everyone shares the final leftovers equally.

For example (I made the math easy)
Project revenue is $100,000, we know this is going to cost 50,000 because we estimated the cost up front based on everyone hourly rate. So letís say itís a month long project and everyone has a $62.50 hourly billing rate or agrees to do it for 10,000. There are 5 people besides the bizdev guy on the project (bizdev doesnít get hourly rate just 10% commission). Everyone works exactly 160 hours and takes home 10,000.

bizdev guy gets 10% so he goes home with 10,000 right off the bat.
Hourly fees and costs are paid second. So this works out to $50,000.
So of the 100,000 we have 40,000 left over. This is now divided equally among the members of the team as a bonus. Everyone takes home an extra $6666.

Everyone handles their own taxes and costs and provides own equipment (Remember youíre each a partnering company)

The collective management closes and manages the deals, finances, and manages the collective organization not individual projects, does some recruiting, etc normal every day operations management.

There are a few details that need to be ironed out but I think itís a good idea. Better than throwing resumes all over the place.

Iíve got over 10 years of operations management and 20 in software development. Anyone else interested in giving this a go? I am not interested in debating politics about socialism just trying to pay the bills. What do you think?
I think this is effing brilliant.


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I'm not saying this site has a bunch of gay dudes on it but a few of you definitely lack a bumpstop on the sexuality gate.
Quote:
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Here is my anus! Deliver thy penis unto it!


Greg "BamBam" Walker
September 11th 2009
You are missed
Godspeed
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  (#3)
Go Team Venture!!!
 
Jedi's Avatar
 
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Location: Round Hill
May 13, 2009, 07:22 PM

Quote:
Originally Posted by Seijirou View Post
I think this is effing brilliant.
I have my moments. But thanks


"Whore Force One" pilot
The Whitest of White Boys
Not 40 yet!
The Force is strong in this one
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  (#4)
Say Jur Oh
 
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May 13, 2009, 07:28 PM

Quote:
Originally Posted by Jedi View Post
I have my moments. But thanks
Certainly.

I don't know if it's anything I could play a part in. I'm mainly just a network guy, although I'm a quick study.

But yeah anyway if something gets off the ground and you think I could play a role I'd certainly be interested in at least getting in to the details.


Quote:
Originally Posted by Stillie View Post
I'm not saying this site has a bunch of gay dudes on it but a few of you definitely lack a bumpstop on the sexuality gate.
Quote:
Originally Posted by Stillie View Post
Here is my anus! Deliver thy penis unto it!


Greg "BamBam" Walker
September 11th 2009
You are missed
Godspeed
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  (#5)
Go Team Venture!!!
 
Jedi's Avatar
 
Posts: 1,326
Join Date: April 23, 2004
Location: Round Hill
May 13, 2009, 07:28 PM

Got a couple of PMs already asking what I am looking for. This is going to depend on the direction the collective takes, but off the top of my head I am thinking I will need the following to start with: Developers, network admins, testers, tech writers, PMs, and Bizdev and sales people just to start with. I think my plan right now is to get a group interested and then lets meet and figure out how to move forward.


"Whore Force One" pilot
The Whitest of White Boys
Not 40 yet!
The Force is strong in this one
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  (#6)
Go Team Venture!!!
 
Jedi's Avatar
 
Posts: 1,326
Join Date: April 23, 2004
Location: Round Hill
May 13, 2009, 07:30 PM

Quote:
Originally Posted by Seijirou View Post
Certainly.

I don't know if it's anything I could play a part in. I'm mainly just a network guy, although I'm a quick study.

But yeah anyway if something gets off the ground and you think I could play a role I'd certainly be interested in at least getting in to the details.
Well right now I get a lot of requests for network support type work. I usually do it over the net using a remote connection. It is certainly one direction we could go. Lots of small businesses are looking for helpdesk and server support on a part time basis. That can be one solution we offer.


"Whore Force One" pilot
The Whitest of White Boys
Not 40 yet!
The Force is strong in this one
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  (#7)
Ninja in Training....
 
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Posts: 1,399
Join Date: June 11, 2007
Location: Virginia
May 13, 2009, 07:32 PM

Well if you have any more requests for network support that I could do from home during the day I am definitely up for that.


- Craig

If you don't know go ask yo momma

'04 R1 aka "The Bastard"
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  (#8)
Say Jur Oh
 
Seijirou's Avatar
 
Posts: 2,809
Join Date: April 27, 2003
Location: Herndon, VA
May 13, 2009, 07:35 PM

Quote:
Originally Posted by Jedi View Post
Got a couple of PMs already asking what I am looking for. This is going to depend on the direction the collective takes, but off the top of my head I am thinking I will need the following to start with: Developers, network admins, testers, tech writers, PMs, and Bizdev and sales people just to start with. I think my plan right now is to get a group interested and then lets meet and figure out how to move forward.

Sounds like a decent place to start. Pencil me in for a meet up.


Quote:
Originally Posted by Stillie View Post
I'm not saying this site has a bunch of gay dudes on it but a few of you definitely lack a bumpstop on the sexuality gate.
Quote:
Originally Posted by Stillie View Post
Here is my anus! Deliver thy penis unto it!


Greg "BamBam" Walker
September 11th 2009
You are missed
Godspeed
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  (#9)
Mojito Anyone?
 
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Join Date: April 28, 2008
Location: La Habana
May 13, 2009, 08:01 PM

I'm down for a meet up as well. I can do anything from networking stuff to sales to PM. Keep me informed.


ay ya yay
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  (#10)
I wanna Ride !
 
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May 13, 2009, 08:20 PM

Hmm you said testers? Ohh I'm game
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  (#11)
Disinformation Age
 
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May 13, 2009, 10:39 PM

In
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  (#12)
Popplers!
 
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May 13, 2009, 10:52 PM

If you need a sys admin let me know.
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Licensed Rider
 
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May 13, 2009, 11:36 PM

pm'd you


Sawzall Solves All.
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  (#14)
Officially Addicted to Posting
 
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May 14, 2009, 06:22 AM

Contact DirtyR6. He's game for something!!!


GsxRBulldog---NEVER EVER mistake my kindness for Weakness or waste my or my friends time. That would be unwise

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that's GsxrBulldog to you SON!!!
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Signed up for Track Days!
 
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May 14, 2009, 07:24 AM

Interesting,
If you need an IT Project Manager ping me.

--Oliver
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