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FillG
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Please continue
FillG   5/23/2014 3:06:52 PM
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Please continue soon with next article.  I delved into reading the fist article hoping to immediately gather knowledge, but it was just a tease.

Daryl Gerke
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Re: Please continue
Daryl Gerke   5/23/2014 3:55:37 PM
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Thanks for the interest!  The plan is to post a couple of times a month, so stick with us.  Didn't mean to tease.

Many will be reposts from my blog whiich now has about 150 posts on consulting.  We'll have some new ones too, based on questions here.

Looking forward to helping liberate s few more engineers via the wacky world of consulting. In the meantime, visit my Special Welcome for Geeks. 

AZskibum
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CEO
Re: Please continue
AZskibum   5/24/2014 2:22:40 PM
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I'm looking forward to reading more in this series and will have a look at your blog.

BTW, another often misused application of the title "consultant" in our industry is when it is applied to contract engineers. Yes, they bring specific expertise like analog design or digitial design, but in practice, they come onsite and work on a project day after day, right alongside the firm's regular employees. Simply getting a 1099 at the end of the year instead of a W-2 does not, IMHO, make one a consultant.

Sanjib.A
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CEO
My favourite topic
Sanjib.A   5/23/2014 11:58:37 PM
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Thank you for starting the discussion on this topic. I guess all the engineers share the same dream to work independently. This is one of my favorite topics and wish too! Not sure though, if that wish would get fulfilled and not sure when. What do you think should be the minimum years of experience in the technical career for being able to get enough "battle scars" and to be successful? Also as you have mentioned "In the engineering world, we often joke that a "consultant" is just an unemployed engineer."...very true, especially in the context of Indian job market. Looking forward for your next article.

Daryl Gerke
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Re: My favourite topic
Daryl Gerke   5/24/2014 9:54:50 PM
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To Sanjib - Liked your "battle scars" comment! So how many years are enough to get started? It depends on how many "battle scars" you've collected.  For most of us, however, it probably takes at 5-10 years to feel comfortable enough with our technical skills to offer them as a consultant.

But you also need to develop your business skills (marketing, sales, administration) to make a consulting practice successful.This is where many new consultants fail - their technical skills are fine, but they can't bring in enough business. Incidentally, I treat the marketing problem as just another engineering problem. After all, as engineers we're problem solvers, right?

After starting a consulting practice, it may take a couple of years to feel successful. For me, by two years I felt pretty secure, and by five, I knew that the business would last (as long as I continued to work at it.) But the whole journey was fun -- much like any start-up situation. Best wishes as you explore consulting!

To Ahmet - Enjoyed your perspectives! Really liked "Consultancy is being independent" and "Consultancy is sometimes being odd" :-) 

To AZskibum - Yes, I agree with your difference between contract engineers and consultants. In fact, I'll be addressing that in a future post, along with "coaches" anc "counselors." 

If you don't like to market, contracting can be a good alternative, but at the price of some independence. I've known several engineers who have toggled between contracting and consulting during their careers with good success. 

To all - Thanks to all of you for your comments, and watch for the next post in a week or two. The plan is to post once or twice a month, and will include general consulting topics as well as "success stories".   

Ahmet.Aydemir
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Rookie
Consultancy from our own perspective
Ahmet.Aydemir   5/24/2014 7:53:36 AM
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CONSULTANCY FROM OUR OWN PERSPECTIVE

CONSULTANCY is the trusted body to keep clients intellectual property in secure hands.

CONSULTANCY is clear view from at least from one aspect.

CONSULTANY is empathy for client.

CONSULTANCY is feeling responsible and taking the risk.

CONSULTANCY is sometimes being odd.

CONSULTANCY is being independent.

CONSULTANCY is  free from market lobby.

CONSULTANCY is local solution provider.

CONSULTANCY is free from all favors.

CONSULTANCY is first trying himself then asking from some one else.


 

 

A competent CONSULTANT is a great asset for client.

Developed countries attach great importance to CONSULTANCY and show utmost care selecting  the right one.

Corrupted institutions  can not fill CONSULTANT positions with deserved staff since they are not aware of importance of non biased knowledge



wilber_xbox
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Manager
consultant vs entrepreneur
wilber_xbox   5/26/2014 2:57:00 AM
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An entrepreneur has to be more deft skilled that consultant but does consulting helps one become a better entrepreneur because a consultant knows the field better and can bring out something new for a company? 

DU00000001
User Rank
CEO
Re: consultant vs entrepreneur
DU00000001   5/26/2014 12:53:47 PM
"...does consulting help one become a better entrepreneur...?"

IMHO - working as a consultant though not self-employed: NO

For the entrepreneur marketing, organizational issues etc. are much more important than expertise in the technical field.

Sad but true: longterm successful companies often started as a team of two: a technical wiz and a marketing guy. Frequently the wiz even left at some point - annoyed of marketing, finance, organizational and so on themes. The company continued to flourish.
On the other hand there is a long list of companies started by a technical wiz that failed when it came to tend to these themes.

If you're addicted to solving technical problems, the organizational issues might simply be annoying and distract you from solving technical mysteries.

Daryl Gerke
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Blogger
Re: consultant vs entrepreneur
Daryl Gerke   5/29/2014 10:47:12 PM
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Good advice!  If you only wiah to solve technical problems, running your own consulting business may not be a good idea.

On the other hand, if you want to try being an entrepeneur, starting a consulting practice is a good way to gain business skills, as you will be forced to deal with critical sales, marketing, and organizational issues. It worked that way for me.

Also, starting a consulting practice can be a good way to test the waters. Little or no startup capital needed, and you can quickly test your ideas.  I know of one very successful high tech company that started that way - first consulting first, then development contracts, and finally a manufacturing special systems.

Best wishes with what ever direction you choose to follow!

zeeglen
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Blogger
Re: consultant vs entrepreneur
zeeglen   5/30/2014 12:13:54 AM
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@DU ...a team of two: a technical wiz and a marketing guy. Frequently the wiz even left at some point - annoyed of marketing, finance, organizational and so on themes. The company continued to flourish.

I once worked at such a company, but the wiz was ousted when his wife found out about his secretary and in a pique sold her shares to the marketing guy.  Without the wiz's technical leadership the company did NOT flourish, it went straight down the sewer pipe.

jimfordbroadcom
User Rank
CEO
Re: consultant vs entrepreneur
jimfordbroadcom   5/30/2014 5:05:35 PM
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Seems to help if the 2 guys have the same first name!  Like 2 Steves started Apple, 2 Henrys started Broadcom (my employer), and 2 Bobs started Linear Technology.  Am I looking for my other Jim?  No, I tried entrepreneurship and found it was business XOR family.  I chose family.  Next to impossible to do both well.

kfield
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Hope you share some good stuff
kfield   5/31/2014 2:36:25 PM
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@DarylGerke I hope that you are going to share some of the things you've learned the hard way being a consultant. While not in the same field, i did freelance work for a company and never got paid, it was a lesson I really learned the most difficult way!

Daryl Gerke
User Rank
Blogger
Re: Hope you share some good stuff
Daryl Gerke   6/5/2014 4:23:55 PM
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Hi Karen,

Good idea!  Yes, I've learned a few lessons the hard way - like how the bankruptcy laws work (that one cost us about $10k) and about "barriers to entry", along with a few more. I'll see about working some posts on those. Thanks.  



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