For those that left corporate world to strike out on one's own - what advice do you have?

Anonymous

May 10,2022 at 1:17PM UTC

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For those that left corporate world to strike out on one's own - what advice do you have? What tools do you use? How do you set price?

Also, any pros/cons with being a 'fractional' officer versus a consultant? Looking for insights of those who have walked this path.

Thanks!

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AnonymousMay 10,2022 at 2:10PM UTC
Great topic! I am looking forward to reading the responses as I am looking to make this switch very soon.
Anne KrookMay 10,2022 at 4:00PM UTC
It depends on what you mean by tools -- building a website? accounting / billing? communication?
Whatever you do, talk to several people who have done this and ask how they decide what to charge. Women often undervalue themselves and undercharge, something to be aware of. I assume you know not to fall into the trap of working for free for "exposure."
Here's some general advice I give people looking to fly solo: Thinking about going into business for yourself #withapd? On flying solo: http://annekrook.com/?page_id=1133
Jessica HarringtonMay 10,2022 at 4:08PM UTC
Thanks for sharing your article Anne - a good read!
Sophie JoernMay 10,2022 at 4:19PM UTC
I am so glad you asked this question! Excited to see some of the responses :)
KathyMay 10,2022 at 4:27PM UTC
Get good at networking, focusing on relationship building not selling, yet.
While you're still in the corporate space, do as much research as you can about how the company finds and hires vendors and what they pay.
It can take longer than you think to reach a sustainable income, so have a financial cushion if possible.
Good luck!