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Is Consulting A Risky Business?

By January 28, 2019No Comments
Do You Think Consulting Is A Risky Business?

Most, if not many people would want to be self employed. Indeed, self employment persists in most of the people today. Everybody would always want to be his own boss and would gladly do anything to be a small business owner. Consultants could be a great example for that. However those that are on their way to build a career will most often find themselves asking the question is consulting a risky business.

Many aspiring consultants do worry that making a career out of this field could be difficult. That may not be very surprising as anyone would always want to live with comfort, and if one’s career on this field, unfortunately won’t pan out he would be forced to sacrifice a portion of that comfort. Nobody would want to risk that.

However, if one would start to compare self employment and being on a employee-employer relationship, both do have its own risk. For example, being a consultant would entail for one to be superior on that field for him to be well trusted and the best on his field, such career do have its own competition as well.

On the other hand, an employee-employer relationship entails a commitment for an employee to be the best and for an employer to pay their employees for working in their company. There could be a harmonious relationship in there but it does have its own risk as well, as being laid off especially during mergers or cost cutting plans is inevitable.

That being said, success on being a consultant depends solely one’s performance. There will be no room for being laid off, out sourced, down sized, taken off shore, re organized as you will be the one to handle one’s business. The success of one’s career will depend on how well does one perform his job as a consultant.

This way, one will be completely in control of his career path. Of course there might be clients which would not need one’s services no more, but if one has multiple clientele and has been improving his performance as a consultant through continuing education programs, one’s livelihood will not be very much affected.

Indeed, a consultant’s success will rely on how well does one perform such role. Doing a great job out of it will most certainly result to recommendations from former clients which could definitely be helpful for one’s livelihood.

Being a consultant requires hard work, not only on one’s performance quality but in every aspect of it even client relationships. Anyone one who have been wondering, is consulting a risky business should keep in mind that the risks will most likely depend one’s performance as a consultant and not because of the career itself. Its not a question of what it is, but on how does one perform it.

Dr. Saaid

Dr Saaid is the founder and principal consultant of DR SAAID GLOBAL CONSULTING DSGC), a training and management consulting firm. He brings a wide spectrum of skills and perspectives gained from his over 30 years experience serving both the industry and academic.