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I’ve done some side consulting in data science in the past. First big mistake I made was getting into handshake type agreements with a vague contract that wasn’t fully scoped. Don’t make that same mistake. Having two different consulting gigs lead to some extreme burnout for me
I just want to reiterate that advice. Even if both sides are totally friendly, there can still be confusion on expectations and a contract can help both sides understand each other in the first place and resolve any questions that come up more easily when that happens.
Yes I have done this. Like Accenture 1 mentions, contracts are a must! To start I would be very careful about qualifying your potential clients - determine what’s the ideal type of business you’re looking to serve and what’s your ideal revenue threshold for these businesses. I was also doing systems integration and some process improvement work and what I learned is that some business owners will hear those buzz words and get excited but completely miss the mark on doing the legwork required to get results. By legwork I mean signing off on their internal teams shifting priorities, staffing up, letting go of stale initiatives, etc. If you’re consulting on your own expect there to be an element of educating your clients on how you work and what they can expect (preferably in phases) - I’ll add that you’ll have to educate them on what you expect from them as well. It’s a two way street. I would also determine what specific services to offer and create a draft scope of work. Make sure to include your own non-negotiables too. This draft may become a standard template you use down the line so definitely get legal feedback on anything you plan to use. Set some hard limits on what additional requests from the client you’re willing to entertain. You’re a consultant not an employee and you have equal autonomy in determining if which clients are a right fit. As a solo consultant and then owner of a consultancy I found that smaller businesses were the most high maintenance and the most ardent hagglers. Give some thought to how you would deal with those types of situations where a client tries to bully you into doing more work for less or even free. My experiences working with larger publicly traded companies were much more positive and I didn’t have to jump through as many hoops - they also didn’t complain about the pricing. I also didn’t have to do as much in the way of explaining basic concepts to corporate clients which was refreshing. Hope this helps!
I’m pretty sure I ran them on my personal account because that account is linked to my business page on LI. Also I think there are different configurations for running ads because you can choose who you want the message to come from - like if I had another employee at that time on LinkedIn I may have been able to have the “sponsored message” come from them instead.
Message me. Doing it now
Would love to hear what you are doing, how it’s scaling, and how it pairs with your work at FB from a legal perspective
Always have been doing it on the side. Some people are that way - I see a business problem and it drives me crazy, so I don't have a problem selling my time and expertise. It's almost a compulsion.
I know a friend that has. He had relationships with a few IT staffing firms and boutique consulting firms that give him work. He charges corp to corp (not W2) so it’s beneficial from a Tax perspective.
Appreciate your insight, thanks!