{ "media_type": "text", "post_content": "Anyone start a consultancy on their own? How was it? Looking at my rate, partner pension definitely soaks up all the winnings (not complaining, we are paid well), but I’d like to be the captain of my own ship and take more of the earnings.", "post_id": "5fad5427e6b3ae0020df2307", "reply_count": 4, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting" }

Anyone start a consultancy on their own? How was it? Looking at my rate, partner pension definitely soaks up all the winnings (not complaining, we are paid well), but I’d like to be the captain of my own ship and take more of the earnings.

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Fairly easy to go independent, harder to scale. I’d try working for a smaller consultancy first to get the ropes of selling smaller scale work that you can deliver with a small team

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Try your hand at being a contractor. Join a smaller consulting firm. You can then hire your own group of consultants and start a small firm.

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I use to hire sub contractors a lot at my old company. Most are in smaller firms that do exactly what you describe. Usually how you gain traction is partnering with a larger consulting company that needs your skillset for projects but doesn’t want to hire for it or working with a staffing agency that can place your consultants. It’s high risk, holding a bench is very expensive and being a small firm, you can only have a handful of clients. The client can pull the plug at anytime with can leave you in limbo. You cannot pursue new work since you don’t have a deep bench.

I don’t want the headache. I exited consulting once I could command a good rate of $130-150/hr

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