Why I quit management consulting | Life after consulting as an entrepreneur | Summary and Q&A

TL;DR

The speaker explains why they left their management consulting job to become an entrepreneur and highlights the skills and experiences they didn't gain in consulting.

Key Insights

• 🚚 Entrepreneurial skills like problem identification, selling, and delivering results are not typically gained in the early stages of consulting careers.
• 🪡 The consulting hierarchy limits exposure to skills and experiences needed for entrepreneurship until later stages.
• 😀 The speaker found value in implementing strategies themselves as a solopreneur to better understand the challenges faced by small business owners.
• 👨‍💼 Starting a business from scratch requires a different skill set compared to improving an existing business structure.
• ❓ Sales jobs may provide a better foundation for the entrepreneurial journey than management consulting.
• ✊ The speaker's experience as an entrepreneur, without funding or employees, has shown the power of utilizing the internet to reach a global audience.
• 🎢 The roller coaster of entrepreneurship is worth it for those seeking more fulfillment and investment in themselves.

Transcript

hey there welcome back to my channel today i'm sharing with you why i quit my management consulting job to start on my own business actually went into consulting knowing i want to start my business at one point so i'll share with you whether it was worth it if you also went into consulting or other you know prestigious jobs knowing you'll start som... Read More

Questions & Answers

Q: Why did the speaker leave their management consulting job?

The speaker left because they felt they weren't gaining the specific skills and experiences needed for entrepreneurship, such as problem identification, selling solutions, and delivering results.

Q: What limitations did the consulting hierarchy impose on the speaker's skill development?

The consulting hierarchy limited the speaker's exposure to skills needed for entrepreneurship, with more advanced skills like selling and strategizing only accessible at higher levels after several years.

Q: Why did the speaker want to implement strategies themselves?

The speaker wanted to experience the challenges of being a solopreneur and learn how to deliver impact with limited resources, as they believed this would be valuable when working with small business clients.

Q: What considerations did the speaker have when deciding to start their own business?

The speaker asked themselves if they were willing to put in the hard work to build someone else's empire through consulting or if they wanted to invest in building their own business and growth.

Summary & Key Takeaways

• The speaker left consulting because they felt they weren't gaining the necessary skills and experiences for entrepreneurship, such as identifying problems, selling solutions, and delivering results.

• Consulting hierarchy restricts access to certain skills, with skills needed for entrepreneurship only coming at higher levels after several years.

• The speaker wanted to implement strategies themselves and experience the challenges of being a solopreneur, rather than relying on large teams.