People jumping into consulting also don't realize the costs of: -Self employment taxes -Business expenses -Vacation (3 weeks a year) -Holidays (1 week per year

People jumping into consulting also don't realize the costs of: -Self employment taxes -Business expenses -Vacation (3 weeks a year) -Holidays (1 week per year) -Sick Time (1 week per year) -Errands (a few times a week) -Bench time (all of the time between projects) You run the numbers and $60/hr starts to feel pretty freakin' ugly. (note: I was a consultant and built a 20 person consulting biz... And then sold it. I'll never be an hourly consultant again, if I can swing it).