8 Apr, 2021

Ask Nicole: Being Honest about Your Capacity

By |2021-08-19T21:05:43-04:00April 8th, 2021|Categories: Consulting|Tags: , |0 Comments

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I didn’t put much thought into my capacity to do consulting work in the beginning.

In fact, I had a “quantity” mindset when I started out, taking on multiple projects at once to build my portfolio.

It was a lot, considering I was still working at my full-time job.

My thinking was that, in order to look more attractive to prospective clients and partners, I needed to have a list of organizations I could say I’ve worked with.

While I enjoyed building my skills and my portfolio, I wasn’t mindful of the timing of all these projects. They were mostly short-term (3-6 months) and they all ended at the same time.

At some point, I realized this wasn’t sustainable. Along with the day job, having multiple projects that started and ended around the same time didn’t help me feel financially stable in the long-run. Running out of projects at the same time is panic-inducing.

When I finally left my job, I had more time to devote to my business, yet I still didn’t feel I could sustain this.

Landing my first multi-year client is when everything clicked.

I had a 3-year project client with multiple moving parts. There was always something for me to do, so I never grew bored. Plus, knowing that I could count on a consistent paycheck also helped.

Soon after, I slowly took on more projects, of varying timeframes, based on where I was with the 3-year project. I was able to stagger projects based on the timing of the larger project, so that I wouldn’t be at the same phase with each project (like writing long evaluation reports for 2-3 projects at the same time, for instance).

I kept track of the start and projected end dates for each project, the project-based skillsets I relied heavily on, and the resources needed for each project. This helped me to be more honest with prospective clients and partners (and myself) about my capacity.

Knowing what you can and can’t do and how many projects you can realistically handle is a personal decision. Here are some questions to ask yourself:

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3 Feb, 2021

Ask Nicole: Use Your 9-to-5 to Build Your Consulting Business

By |2021-08-19T21:03:30-04:00February 3rd, 2021|Categories: Consulting|Tags: , , |0 Comments

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In last month’s Ask Nicole, I shared some quick advice in getting started in consulting. This month, I’m touching on a topic I saw in response to what I shared and more broadly.

One of the main reasons why people want to get into consulting (or to be self employed in general), is to have more freedom over their day. It was one of my reasons. Typically, this is in response to something we’re experiencing in our current employment. Namely, toxic work environments, micromanagement, lack of opportunities for career advancement (or having no desire to advance within the organization), unnecessary meetings, unrealistic expectations from management, inadequate pay and benefits, and not doing the work we really want to do.

While I did experience the above in varying degrees, not doing the work I really wanted to do was the ultimate reason why I started a consulting business. I’ve mentioned here and there over the years the outcome of me leaving my 9-to-5, but never went into detail about the process of working for someone while building a business.

In short:

It’s hard building a business while working a 9-to-5.

“Then just leave”, you’re thinking. While some do quit their jobs to begin a business, most people start their business while still at their 9-to-5 and their reasons vary:

  • Wanting to save enough money
  • Leaving can impact quality of life
  • The decision to leave can impact others (spouse, children, other dependents, etc.)
  • Not being mentally prepared to leave
  • Needing more time to confirm your proof of concept that what they want to sell is actually something people will buy
  • The desire to build a business while having a steady paycheck
  • Having a business and a 9-to-5 provides structure

The last two, still wanting my biweekly paycheck and my 9-to-5 providing structure, were my main reasons for remaining at my 9-to-5 for nearly 3 years while building my business.

In retrospect, I didn’t realize at the time how much my 9-to-5 gave me the structure I needed to build my business. Here’s a gist of how my time looked:

  • 6 am: Wake up
  • 6 am – 7:30: Business work
  • 7:30 – 8:30: Get ready for 9-to-5
  • 8:30 – 9:00: Travel to 9-to-5
  • 9:00 – 12:00pm: 9-to-5 work (seeing clients, meetings, etc.)
  • 12:00 – 1:00: Doing business work during lunch break
  • 1:00 – 5:00: 9-to-5 work (while also sneaking in some business work)
  • After 5:00: Maybe go to the gym, but sometimes go directly home. If I went to the gym, I would make it home by 7:00
  • 7:00 – 11:30: Dinner, business work, shower and get ready for the next day

Because my time was so segmented, I had to know exactly what I was doing with my time, and what I needed to prioritize, and how much time I had to do it.

Whether your goal is to go full time into your business or have some extra income on the side, your business and your 9-to-5 will have to find a way to peacefully coexist for a while. Here are some takeaways from my process for you to consider as you build your consulting business while working at your 9-to-5:

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25 Jan, 2021

Ask Nicole: How Do I Get into Consulting?

By |2021-08-19T21:03:03-04:00January 25th, 2021|Categories: Consulting|Tags: , |0 Comments

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First off, (since this is my first post of 2021), Happy New Year!

Now, let’s get into this month’s question.

This month’s topic is an umbrella question based on several emails I’ve gotten over the past few months.

I’ve blogged about this here and there over the years, particularly in my Keeping Your Sanity As a Solopreneur series, and since I’m getting more emails and social media DMs about, I thought it would be useful to share my advice in a more broader way as this may benefit more people.

A Google search of any variation of the question “How do I get into consulting?” will yield hundreds of links.

In short, consulting involves using your knowledge and expertise to help someone or some entity become more efficient and knowledgeable in their practices by addressing a problem they’re facing. How this looks may depend on your chosen profession.

How consulting looks for me depends on the project or study I’m working on. In some cases, I may be reviewing someone and offering insight or suggested changes. In others, I may be more practitioner-focused by working with my client or partner in completing tasks (which can include developing and implementing trainings, developing research or evaluation questions, implementing evaluations, analyzing data and developing themes and recommendations, facilitating meetings, etc.)

So, how do you get into consulting? Here’s some things to keep in mind:

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4 Nov, 2020

Ask Nicole: The Best Time to Look for a Consultant

By |2021-08-19T21:01:33-04:00November 4th, 2020|Categories: Miscellaneous|Tags: , |0 Comments

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The best time to look for a consultant is before you need a consultant.

An observation I’ve made in the past few years is that nonprofits and organizations look for a consultant when they come across an opportunity to fund a project, and that’s not the most effective way to find someone.

It’s not effective because now you have to either 1) create a request for proposals, sit back, and receive responses from a lot of people who may not be a good fit (which may prompt you to continue to look for someone); o r2) ask around for someone who can do the tasks, contact them, and see whether the people you’ve contacted are even available to work with you.

The best time to look for a consultant is before you need a consultant, and here’s why:

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7 Feb, 2020

Ask Nicole: How Do I Decide Whether or Not to Give Up?

By |2021-08-19T20:46:47-04:00February 7th, 2020|Categories: Consulting|Tags: , |0 Comments

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Have you ever deconstructed the lyrics to a song?

I did that recently with Beyoncé’s Ring the Alarm from her 2006 album B’Day. In particular, the chorus/hook of the song.

If you’re not familiar, Ring the Alarm is about a woman contemplating whether to persist with a relationship that isn’t serving her versus walking away into the unknown (or in this case, with the understanding that she may be giving up on things that she’s grown accustomed to. Like Chinchilla coats, a Benz and the house off the coast, among other things.

Let’s look at it from a logic standpoint versus an emotional standpoint.

Logically, it doesn’t make sense to stay with someone that’s not treating you with respect. But emotionally, we’ve all lived through experiences where giving something up (in this case, a relationship) feels far scarier than ending it and going it alone. Plus, who wants to start all over?

I was asked recently if I’d ever gotten to a point where I wanted to call it quits from my consulting business. Yes I’ve gotten to this point plenty of times! I was also asked how did I know to stick with it.

Logically, I knew that I could always get another job. I had been with my agency for almost 6 years and it took around 3 months to land that position after graduating from my MSW program. Now that I’m a licensed social worker, I assumed it would take roughly the same amount of time or even less.

Emotionally, I’ve put a lot of time and effort into building my business and despite knowing what I logically know, it would be hard to let it go.

I realized it’s less about the time and effort you give to something. It’s about identifying your perceived return on investment (ROI). Here’s another way to illustrate this:

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