Three weeks ago, on Thursday December 21, 2023, the executive career advancement website IvyExec published an article I wrote on “Starting an Executive Consulting Business during your Transition”.
This article was designed for senior executives who have achieved a level of success and now find themselves in transition, that is, between executive positions, and might want to consider doing some consulting before accepting the next full-time job offer.
My article discusses the advantages that providing executive consulting services can offer to senior executives between positions, including the following:
- Adding to your knowledge, experience and skill set,
- Aiding and encouraging you to stay current in your field,
- Expanding deal flow for new CEO and senior executive positions and business opportunities,
- Lengthening your financial runway with money coming in so you don’t have to take the first position offered,
- Enhancing your bargaining position when you find a position you like.
The second part of my article offers three suggested steps to begin and develop a consultancy if you do want to give it a try. The first of those steps discusses how low cost it is to begin consulting, and suggests formation of a protective and also efficient business entity for this purpose.
The article concludes with advice that retaining your consulting business can continue side by side with a new fulltime position once your transition is completed. The suggestion I make to you is that if you do develop a consultancy you may want to keep it around to retain the business you created and to potentially return to it for future transitions and as a potential source for new opportunities you might consider to continue to advance your career.
To see my full article, go to LINK: https://ivyexec.com/career-advice/2023/starting-an-executive-consulting-business-during-your-transition
or my website, go to LINK: https://www.executiveemploymentattorney.com/starting-an-executive-consulting-business-during-your-transition/
IvyExec hosts articles and webinars from experts in the career, leadership, and business spaces who wish to share their knowledge with our audience. In April 2021, I was invited to write for IvyExec since it seeks original content on the topics of career development, leadership, and business strategy as it applies to senior-level and C-Suite professionals. IvyExec blog posts and webinars are shared with its community of more than 2 million members on its website, in its newsletter, and on its social media channels. https://www.ivyexec.com/career-advice/write-for-us/
IvyExec claims a “Community of 2.5M+ Leaders”.
See also – https://www.ivyexec.com/
It is my hope that this article will be helpful to senior executives who are in between full-time permanent positions and might want to giving consulting a try during that interim period. If you or any colleague of yours has a need in this area, please do reach out to me, your executive employment lawyer, at 617-875-8665 or rob@attorneyadelson.com.
