An Overview of Why People Open Consulting Practices

By: Dr. Chris Downs

My “consulting epiphany” came early in 2008. I’d served as a Senior Director at a large Seattle-based foundation for over 13 years. I’d accomplished a great deal and liked my work. But I’d ignored multiple signs of change at the company and found that the work I loved to do was no longer needed. I suddenly didn’t fit the company.

As I thought about what I’d do next, two mice (Sniff, Scurry) and two little people (Hem, Haw) came to mind. These are characters from Spencer Johnson’s 1998 classic “Who Moved My Cheese?” (widely available at many libraries and from your favorite bookseller). Each of these four characters faced adversity, preparedness, abundance and scarcity in different ways. If you’ve never read “Who Moved My Cheese?” I urge you to read it. I discovered that my cheese had “moved” as I separated from the foundation in 2008.

I took stock. I had a great deal of experience in my field. I had an excellent reputation. I knew I could go to another foundation, return to academic life, or carve a niche back in corporate life. But, for the first time, I considered becoming a solo consultant . After so many years of managing consultants, could I do it myself?

My mentor, the late Ronald G. Scott who was a master consultant for decades, told me that, in his judgment, I had what it took to be a successful consultant. He suggested that before I opened a consulting practice, I sketch out my reasons for doing so. He said he’d done that when he launched his own consulting business years before. Further, he said he regularly revisited those reasons to make sure he remained clear about why he was consulting. I recall him saying:

I ask myself, is the work I’m doing now something (1) I enjoy most days, (2) I look forward to doing, and (3) that improves my clients’ productivity and successes? If I can answer ‘yes’ to all three, I figure I’ll keep consulting until I ponder these again down the road.
— Ronald G. Scott

So, as I prepared to open my own consulting business, I took an inventory of why I wanted to do so. Here are the exact reasons I recorded in my journal in 2008:

·      “I want to continue to do work I love.”

·      “I want my work to make valuable contributions to my clients.”

·      “I reached an income ceiling at the foundation.”

·      “I think I’d be my own good boss.”

·      “I believe I have the background, credentials, and skills many clients would find appealing.”

·      “As a mid-career professional, I’m concerned about companies hiring me, especially given my last salary and my age.”

Over the years, as I’ve done my quarterly and annual self-reviews, I follow Ron Scott’s advice to review my reasons for remaining in business. Do I still enjoy my work? Do I look forward to the next consulting engagement? Am I improving my clients’ lives and successes?

By the way, I provide sample quarterly and annual self-evaluations documents in Solo Consulting: Insider Tips for Success! If you’d like to have these, and adapt them for your own use, please check out the book at Amazon

If you are considering opening a consulting practice, what are your primary reasons for doing so?

If you’ve been consulting a while, even a short while, do you enjoy most days, look forward to your work, and believe you enhance your clients’ outcomes, successes, or directions? What were the primary reasons why you opened your company in the first place? Are those reasons still valid now?

© 2024 Dr. Chris Downs. All Rights Reserved.

Notice: This blog wholly reflects the views and suggestions of Dr. Chris Downs. Readers’ use of his views or suggestions are wholly the responsibility of the reader as reflected by their actions, reactions thoughts, statements, and behaviors. Dr. Downs accepts no responsibility for readers’ use of his words. Further, this blog contains no intentional or structured therapeutic intent nor is the content designed to harm or improve the psychological state of the reader. Readers are responsible for their own reactions to and/or use of any and all suggestions or advice.