Three Key Tips for Getting Your Interim Career Off the Ground the Right Way.
At InteriMarket we are committed to helping Interim professionals – seasoned or new entrants in understanding what it takes to become a good interim resource and how to continue to remain so.
This blog is designed to engage with new entrants or professionals that may be considering interim / longer term contracting as a career option in the future. Let’s face it – becoming an interim is not all great, I have shared some of the challenges and benefits to businesses of this career choice in my previous blogs. However, what helps Interims is if they knew upfront what they needed to do from a stepwise guide process to get you started.
Bit about me
I am Bhumika Zhaveri, CEO of InteriMarket, a pioneering online platform for interim jobs and talent. I have been an interim professional for few years before embarking on this journey. I have seen the good, bad and the ugly of being an interim and so in order to help peers we have launched InteriMarket. In this blog, I’d like to talk to you about three must-do’s to ensuring your career as an interim consultant gets off the ground without a glitch.
Entering the world of interim employment may seem daunting at first, but once you know what the steps are to getting your new consultancy off the ground, you’ll soon find the rewards far outweigh the initial uncertainties. So, the 3 key factors in ensuring you are off to a smooth start are:
- One: Set up your company profile or register as a sole trader: To make the best impact and making registering with service providers easy, setting up a company profile is a good option. Some key tips when setting up your company are: one, pick a company name that communicates what you offer succinctly. Two, get a website that showcases your expertise and three, keep it professional at all times. If you’re setting up as a sole trader, make sure your business profile is in top shape too.
- Two: Salaries, tax and invoicing: Be sure not to get caught up in often confusing tax obligations. It’s best to seek the advice of a financial consultant or HMRC to help clear up any uncertainties. While you don’t need to be TAX registered from day one, making sure you understand what’s required of you is strongly advised. Once you hit the VAT threshold relevant to you as a sole trader or a limited company, you want to be sure you’re prepared to the regulatory requirements relevant to your status. Here is a link for quick access to HMRC for queries.
- Three: Get professional insurance today: While no one ever wants to call on indemnity insurance, it is important for you to get the right insurance in the event of litigation against you by a client. If you’re a limited company, make sure you get insured as both a company and an individual, to safeguard yourself against being sued as either.
I hope this was useful, join us today for some more tips and insights on all things interim. Make sure to check out the latest hot interim jobs and talented interim candidates at www.interimarket.com – Built by Interims for Interims!!