Maximising your potential as a Contractor

Higher rates of pay, more flexibility and freedom, no office politics and a better work life balance are just some of the key reasons so many make the move into contracting, as stated in SJD Accountancy’s 2012 bi-annual Contractor Attitude Survey.

But naturally, working independently can come with a few challenges. These may include:

  • Not having ‘traditional’ colleagues - some thrive working independently, however others may find it challenging working without a support network.
  • Fitting into a new organisation and team - contracting roles can vary from short term positions to long term assignments, this means that you may frequently be required to adapt quickly to different organisational cultures to maximise internal and external relationships.
  • Meeting client expectations - as a contractor and paid specialist, there’s a heightened expectation for you to start adding value quickly and to prove yourself continuously. You’ll need to adapt to different techniques when managing expectations and communicating progress, when dealing with conflicts and influencing key employees.
  • Being put out of your comfort zone - without an entire company behind you, you’ll have to do things you’re not used to, like meeting the obligations of running a business and selling yourself.
  • No access to training and development - how do you keep evolving to ensure your skills, attitudes and behaviours remain current when there are no formal training and development programs for you to access?

If these are challenges you’re facing or would like to avoid, then Beyond The Theory may have a solution for you.

Beyond The Theory helps individuals overcome these challenges through an ongoing relationship with a dedicated coach along with access to a unique private online community. The online community offers networking and knowledge sharing opportunities with discussion forums, blogs and specialist learning content. This gives you exclusive access to like-minded contractors who face similar obstacles to you, as well as access to learning aids to help you tackle your challenges.

As a client of SJD Accountancy, Beyond The Theory is offering its 12 month Premium Membership package at a significant 25% discount. Premium membership offers three distinct phases:

Phase 1: ONBOARDING (months 1 and 2)

  • Initial assessments – 1 individual and up to 3 psychometric
  • Co-creation of a personalised development plan
  • 2 exploratory coaching sessions

Phase 2: TRANSFORMING (months 3 to 10)

  • A personalised one to one coaching program
  • 8 coaching sessions with your dedicated coach
  • Access to and use of the private online community

Phase 3: SUSTAINING (months 11 and 12)

  • A report summarising your development progress
  • 2 coaching sessions
  • A personalised program debrief exploring the potential next steps

Coaching is widely accepted as a powerful tool to help an individual develop themselves and their business, which is why, according to a 2011 report by the Institute of Leadership and Management, 91% of large organisations use coaching for their senior managers and directors.

Traditionally speaking though, executive coaching is not a cheap option – a recent Harvard Business Review survey reported executive coaching costs ranging between £330 and £480 per hour – which is why it’s typically reserved for senior level executives in large blue chip organisations. However, through its unique approach, Beyond The Theory gives you access to the same benefits gained by large blue chip organisations but for a fraction of the cost. What’s more, studies done by the International Coach Federation, have demonstrated that, on average, organisations that invest in coaching benefit from a 700% return on their investment.

Alternatively if you are an Interim Manager then this program could be suitable for the development needs of your staff. We’d be very interested in speaking to you about helping you present this to your client so they too can benefit from a more efficient approach to employee development. 

If you’d like to maximise your potential (whether that be increasing confidence and productivity, justifying higher fees, solving business issues, or improving your skills, attitudes and job satisfaction), then please contact James Hopper at Beyond The Theory on james.hopper@beyondthetheory.co.uk or 07525 477327 or check out our website for more details.

Article provided by Beyond The Theory.

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant* face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee of £120 plus VAT per month.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com.

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.