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The Reality of Indie Consulting

Year three: what I wish I'd known at the start

SV
Sri VardhanJanuary 20, 2024
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An honest retrospective on building an independent consulting practice-the freedom, the uncertainty, and the unexpected challenges.

Three years into running an independent practice, I still see the same misconceptions in people about to make the jump. Most of the public writing about consulting is either thinly disguised course-selling or a victory lap. This is neither. This is what I would tell a friend over coffee, if they were thinking about leaving a salaried role to do this.

What "freedom" actually means

The word freedom does a lot of work in indie consulting marketing, and most of it is misleading. You do not get freedom from work. You get freedom to choose which work, and that is a much smaller and more useful thing. You also pick up a job you did not have before: running a business. Sales, scoping, invoicing, taxes, contracts, scheduling. None of that is fun, all of it is non-negotiable.

In year one, I underestimated this by roughly half. I thought twenty hours of client work plus ten hours of admin. It was closer to twenty and twenty.

The income shape nobody warns you about

A salaried role gives you a smooth line. Indie work, in my experience, gives you a step function with gaps. A typical year for me looks like a few months of dense engagement, a month of slack, another dense stretch, a strange quiet patch where nothing closes, then a flood of inbound right when you have stopped expecting it. The math works out, but only annually, and only if you do not panic during the quiet patches.

This means two things matter more than people admit:

  • A real cash buffer. I aim for six months of runway in the business account, separate from personal savings. Below three months I make worse decisions.
  • A pipeline that is always slightly warm. The work I close in March was usually a conversation that started in November. If you only sell when you are hungry, you will sell badly.

What I underpriced for too long

I undercharged for the first year and a half. Not because I did not know better in theory, but because pricing yourself is emotionally hard, and there is always a voice saying they will say no.

Three reframes that helped:

  1. Price the outcome, not the hours. A two week architecture review that prevents a six month rebuild is worth more than my hourly rate times eighty.
  2. The wrong clients filter on price. Cheap clients are usually expensive in scope, communication, and stress. Pricing up was the single best filter I have ever applied.
  3. Your rate is not a statement about your worth. It is a market signal. Treat it like an A/B test, not an identity.

By year two, my rate had roughly doubled and the work got better, not worse. By year three, I noticed I was working with people who treated me like a peer rather than a vendor.

The loneliness is real

This is the part that is hardest to write about without sounding self-pitying. Indie work is structurally isolating. There is no team standup. There is no one in the next chair to ask is this weird or is it me. The default state is a quiet apartment and a Slack you are a guest in.

Things that have helped:

  • A small group of other independents I trade notes with weekly
  • One in-person meeting a month, even if it is awkward to schedule
  • Treating writing as a kind of public thinking, so the loop is not entirely internal

Earlier in my career I dismissed the social part of office work as overhead. I no longer think it was overhead. It was scaffolding I did not notice until it was gone.

The skills the job actually rewards

The technical bar is table stakes. The skills that have moved the needle for me are unglamorous:

  • Scoping. Turning a vague request into a fixed scope without losing the part the client actually cares about. This is most of the value in the first conversation.
  • Writing. Clear written updates make clients trust you in a way that no demo does.
  • Saying no. I turn down more projects now than I take. Every no makes the yes stronger.
  • Pattern matching. After enough engagements you start seeing the same five problems in different costumes. Naming the pattern fast is what people pay for.

If I had spent year one improving these instead of polishing my landing page, I would have grown faster.

Would I do it again

Yes, but with eyes open. The good parts are very good. Choosing the people you work with is a quality of life upgrade that compounds. Working on hard problems without org politics is a productivity upgrade that compounds. Living somewhere your office is not is a life upgrade that compounds.

The hard parts are also real. Income variance, isolation, the slow accumulation of things you have to be responsible for that no one taught you.

If you are seriously considering it, the most useful thing you can do is run the practice on the side for six months before you leave your job. See if you can land two clients while still employed. If you cannot, the problem is not your job, it is something to fix before you give up the safety net.

If you want to talk through whether this kind of work fits what you want, /contact is open. I will tell you honestly if I think you should not do it.

References

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#consulting#career#independence
SV

Sri Vardhan

Independent technology studio of one. I help founders and small teams ship serious software without the consultancy overhead. More about me.

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