Starting a new career as an independent consultant can be a challenging transition, especially after being laid off. However, with the right preparation and mindset, it can also be an exciting and rewarding experience. In this highlight clip, we’ll share some top tips on how to successfully navigate the transition to independent consulting.
One of the most important things to consider when starting a new business is to have cash reserves. I had saved up 45 to 50,000 dollars, which was enough to support my wife and I for the first three years of starting my business. This cushion will provide the stability you need to grow your business, especially during the difficult times when you may not have any income.
Another important step is to create a three-part business plan. This plan should include a 60-month outlook of what you expect to happen, a worst-case scenario in case things don’t go according to plan, and a fun and motivational plan that lays out what could happen if everything goes right. Having these three plans in place will help you stay focused and motivated, and will also provide a roadmap for your journey as an independent consultant.
Starting a new business can be a long and difficult journey, but it’s important to stay motivated and focused. I suggest taking inspiration from Dory from the movie “Finding Nemo” and “just keep swimming.” It’s essential to stay consistent and disciplined, even when things get tough. However, it’s also important to not get “busy doing nothing.” To be successful, you need to put in the hard work, such as networking and marketing yourself, to attract new clients.
In conclusion, starting a career as an independent consultant can be a rewarding experience, but it takes hard work, planning, and motivation.