The One Thing I'd Recommend Before Starting A Consultancy Practice In 2024

What is the critical thing you need to have before you make the leap to launching your own consultancy practice?

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Are You Ready To Start A Consultancy Practice?

Once the financial clock begins ticking, the pressure is on.

I suspect many people start a consultancy practice before they are ready.

This is a problem for one simple reason.

The moment you leave your past occupation to become a consultant, the financial clock is ticking. This means you need to generate enough revenue to replace your lost income before you overshoot your financial runway.

The closer you get to the end of that runway, the more stressful things are going to become - and the more desperate you’re going to get. And that’s not going to lead to positive outcomes.

When you have a definitive end date, the clock is always ticking against you.

But what if you changed the financial runway to a reputation runway?

And what if you didn’t become a consultant until you had built enough momentum to immediately take flight?