Too safe to go, too poor to stay - to open a private consulting business or not?
August 4, 2011 12:51 PM Subscribe
Has anyone ever regretted leaving a stable IT job with a pension and good benefits to consult in private industry?
posted by burhan to Work & Money (20 answers total) 2 users marked this as a favorite
A person has been at a stable government position for many years - just under the threshold of being shackled by 'golden handcuffs'. Now, they've been offered a substantially higher $/hr rate by a large multinational - only if they become a consultant who has their own incorporated company. The contract term is renewable annually, and they typically renew their consultants contracts without issue.
Has anyone ever left their stable job for the risks of consulting?
Does anyone regret it?
What would you do differently?
What mistakes have you made?