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Consulting is not a great business in a lot of ways, and 1 million is not at all easy unless you're 1) someplace where that's not a lot of money, or 2) you're f
by davidw 10y ago
Consulting is not a great business in a lot of ways, and 1 million is not at all easy unless you're 1) someplace where that's not a lot of money, or 2) you're famous.
I would heartily suggest avoiding it, as it's also not scalable even at a small size.
Look at the kind of stuff the 'micropreneur' guys do, like patio11's bingo thing. That was small (I agree with you there) but still something that once running, kept making money without a daily grind like consulting.
- iamacynic 10y agoyou do it until you get the money, then do what you want. maybe you're not getting what i'm saying because it involves investing (aka betting) your own money into something.
- davidw 10y agoConsulting involves very little capital outlay, and is mostly just trading your own time and expertise for money. Creating a product - even a small scale one - is much more of an investment (and a risk), because while you're building it, it earns nothing. The payoff is that it can make money while you're asleep.
- nickpeterson 10y agoI've decided the best company is calling old people and selling them extended warranties for their Buicks.
- flukus 10y agoI dunno, IBM and the likes (sun, oracle) seems to make a fortune off consulting, to the point where they've just about removed themselves from actually making stuff.