Is Consulting More Risky than having a “Job” ?

Is consulting risky – specifically is it more risky than having a full time job?

The conventional wisdom says “yes” – and is absolutely wrong! Maybe it was “once upon a time but it isn’t now.”

If you have a job and lose it, you are unemployed – it’s binary: “job” or “no job.” And unfortunately people lose their jobs, especially during difficult times.

Consultants typically have multiple clients. If you lose a client, you still have others. Typical consultants have 3-6 clients per year. If one client doesn’t have any work for you, perhaps they “fire” you, go out of business, or are having a difficult time, you still have work from other clients.

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October 19, 2022

Is Consulting More Risky than having a “Job” ?

Is consulting risky – specifically is it more risky than having a full time job?

The conventional wisdom says “yes” – and is absolutely wrong! Maybe it was “once upon a time but it isn’t now.”

If you have a job and lose it, you are unemployed – it’s binary: “job” or “no job.” And unfortunately people lose their jobs, especially during difficult times.

Consultants typically have multiple clients. If you lose a client, you still have others. Typical consultants have 3-6 clients per year. If one client doesn’t have any work for you, perhaps they “fire” you, go out of business, or are having a difficult time, you still have work from other clients.