We see being part of Nomad8 as a privilege, and we all leave a small percentage of our monthly income in the company. In addition there is a monthly subsidy. Regard it as kind of a membership fee.
This money covers some of the costs of running Nomad8, but also compensates the owners for the time that goes into keeping things humming, which is effectively time they can’t be doing chargeable work.
A full Nomad8 member is someone who works for Nomad8 and only Nomad8. Most of us will be full members and usually work between 2 and 4 days a week.
Rates consist of a fixed and a variable part: A monthly membership fee of $500+GST and a percentage of earnings.
There is a baseline percentage for any member of Nomad8 of 15%. For this percentage you get all the elements noted above.
For anyone new who starts with Nomad8, or those with less experience, fewer contacts or who have not brought much IP into the mix, the percentage is 20%.
This additional levy covers:
The idea would be to review this rate after 6 months Shifting to a new rate will depend very much on how much support is still being required, how much of a network the person has built, how much someone has contributed to the shared IP, how much experience has been gained, and on having a track record of successful client engagements.
A part Nomad8 member is someone who has a full time job but occasionally works with Nomad8, for example they might do one day a fortnight, or occasional training courses.
Rates still consist of a fixed and variable part: A monthly membership fee of $100+GST and a percentage of earnings through Nomad8.
From the beginning we wanted to make a home for consultants. A place where everyone has a say in how things run and what decisions are made.
The construct of a company with subcontractors is just the easiest structure to manage and is how we set it up so we could get things underway easily and with minimal involvement of lawyers, bureaucracy and admin for the sake of it.
There is no ‘leader’, no ‘boss’, no ‘management’. There are owners, but they operate in the company in the same way as everyone else – contributing a monthly fee and percentage of earnings. There is a shared responsibility for quality, for learning, and for taking the company forward.
If you’re in Nomad8 you don’t contract through another agency. If you’re out of work and want to do this, then you leave Nomad8. If you want to take employment, you leave Nomad8.
If you’re not having fun, if you don’t like this approach, if being a consultant is not your thing, or you require more security or anything else then it’s okay to leave. We’ll still like you.