The USA and Canada celebrated Independence Day this past weekend (as did seven other countries), which is a good reminder to reflect on why leading an independent consulting firm is such an amazing choice.
10 Benefits of Leading an Independent Consulting Firm
You Define Success
You decide what the goals are, what performance is acceptable and what rocks! As a result, you can perfectly align your job, your consulting firm’s objectives and your personal ambitions.
You Design the Plan
You devise the blueprint for success, and the effort follows your timetable. Therefore, you work 100% of the time on strategies and tactics that you believe in (or want to try out).
You Control the Place and Time
Work where you want and, within surprisingly flexible bounds, when you want. You decide your consulting firm’s location(s), where you travel (if you travel), and when.
You Hold the Crank
You can pound out 80-hour weeks or limit your effort to a couple of hours every few days. We’ve seen individuals on both sides of the scale leading consulting firms earning six, seven and even eight figures. Whether you pedal faster or coast more is in your hands.*
You Define the Culture
Want your consulting firm to exude a joyful, silly, chocolatey atmosphere? Prefer a serious, sensible, hard candy culture? Since you’re at the top, your intentions actions and attitudes mold your consulting firm’s environment.
You Choose Your Work Family
As a leader in a consulting firm with, at most, a few score employees, you select (or have a significant voice in) your work companions. Surround yourself with people who fit you like a glove or with people who stretch you like… uhm, a glove? Either way, it’s your choice.
You Explore Exciting Topics
Curiosity, fascination and passion intersect in a small consulting firm. Like being in the library and having every book on every subject available to you, the choice is yours.
There is one little restriction on what you can choose: clients must be willing to pay for help in the area that interests you.
You Can Turn on a Dime
If your consulting to bricklayers runs into a wall or your cantilever advisory revenue drops off, you can quickly and easily redirect your consulting firm’s focus.* Agility is rewarded in today’s economy, and a small consulting firm is supremely nimble.
You Can Veto Clients
Your small consulting firm may not attract the specific clients you’re longing to work with; however, you absolutely can decline work from clients you deem unethical, unpleasant, uninteresting, or any of about 950 other “un” adjectives.
You Enjoy Obvious Impact
If you want to create a legacy with your consulting firm, that option is available to you. If your goal is to create value for clients, then close your firm and ride off into the sunset, that’s within reach too. Either way, you make a difference and the people you work with appreciate your efforts.
Now that you’re reviewed the list, take the following steps:
- If you find you’re not experiencing one or more of the benefits of leading a small consulting practice, make a plan to start.
- Send the list to friends of yours toiling away in corporate jobs or in roles they don’t love at a large firm.
- Contribute to the lives of other readers by expanding the list and sharing your experience. Post a comment about why you enjoy leading a small consulting firm.
Text and images are © 2023 David A. Fields, all rights reserved.