Amanda's musings on entrepreneurship, money mindset, and being a woman in management consulting.
I recently shared a success story on social media about one of my coaching clients who officially gave notice to her employer and launched her own consulting business.
I told the story of how E. joined my coaching program in November to learn how to leverage her skills and experience to launch her own consulting business. She was tired of working for someone else and ready to earn significantly more while working fewer hours.
After completing the coaching program, she established the foundation of her business, started taking on consulting clients on the side, and officially gave her notice to her boss on Friday! This was a huge win, and we celebrated with champagne over zoom.
What I didn't share on social media was E.'s self-professed "freak out" on Thursday night. She sent me a panicked email full of fearful questions along the lines of "Am I ready?" and "What if I fail?". She was concerned because she only had 3 months of client work booked...
I have been working as a management consultant for 15 years, and I love what I do. Working with clients to solve complex problems and deliver high-quality work still gets me excited.
I spent several years at the beginning of my career working for one of the Big 4 global professional services firms.
At first, I loved it – I had brilliant colleagues around me, I was making a good salary, and was traveling around North America for interesting projects.
BUT, after having my two kids, I started to see that big consulting firms don’t always do the best job of setting young moms up for success.
While my company was actually very supportive of me, and allowed me to do an alternative work arrangement, I was really struggling.
I was supposed to work 70% of full time for 70% of my salary, but I was on a high-pressure client project, and ended up working way more than full time hours for $70,000 a year.
I had little control over my schedule, and I was incredibly stressed trying to...