4 ms·
This is why I hate working as a regular salaried employee. After this happened to me a few years after college, I spent over a decade building up a consulting
by billy99k 3y ago
This is why I hate working as a regular salaried employee. After this happened to me a few years after college, I spent over a decade building up a consulting business. I always keep multiple clients at the same time and I'm not devasted if one chooses not to renew my contract.
- alecco 3y agoConsulting can be pretty stressful and needs good social skills. It's not for everybody.
- kypro 3y agoIt's interesting that you think this is lower risk. Maybe that's a US thing? Typically employees are harder to cut than simply choosing not to extend contracts with consultants.
- lotsofpulp 3y agoThere are different kinds is of risks, but generally, earning $100k each from 5 customers is less risky than earning $500k from 1 customer. Whether or not it is extra work or if it is worth the extra work is dependent on the individual.
- hmottestad 3y agoI would hope they make 3-10x running their own consultancy compared to working as an employee. The risk is still much higher, but it’s offset by the large reward.
- poulpy123 3y agoIn all the EU countries I know you can't be fired one day to another without a serious reason
- profstasiak 3y agoanything you recommend to read on how to start consulting practice?
- wnolens 3y agoOne anecdote: contracts fell on my lap, via natural conversations with friends who work as full-timers in the industry (their employers needed help). So in my case, it was having a network and connecting across it regularly.