Should you start a consulting business?
https://calendly.com/russellpearson/strategic-conversation-brief
Consulting can be an incredibly profitable and flexible business model — with low overheads, the potential for very high margins, and the freedom to decide how, where and with whom you work.
But there are drawbacks too.
In this episode of Your Consulting Business, Russell Pearson breaks down the real pros and cons of building a consulting practice — particularly if you're an experienced expert looking to turn what you know into a business.
We cover:
• Why consulting businesses can achieve extremely high profit margins
• The limitations of a solo consulting model
• How consultants can charge $1,000–$10,000+ per hour
• Why consulting is different from contracting
• The flexibility of designing your own consulting model
• Why great consulting isn't simply telling clients what to do
• How deep experience becomes a commercial advantage
• The shift from doing the work to enabling clients to get results
• How to design a consulting business around the life you actually want
If you've spent 10, 20 or 30 years developing expertise and you're wondering whether consulting could be your next move, this episode will help you understand both the opportunity and the trade-offs.
Want help creating your own consulting practice? Use the link below to book a conversation with us about where you're starting, what you want to build, and the path to getting there.
Subscribe to Your Consulting Business for practical advice on building and growing a profitable consulting practice.
More about Russell, Visit: https://russellpearson.com
