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💡 The Lightbulb

💡 Specialize, then add a snorkel


Establishing a solo consulting business is a journey of paradox.

  • I’m burnt out from corporate, but still want to juggle a few different paths.
  • The world’s supposedly my oyster, but everyone tells me to niche down.
  • I have some inbound prospects, but it’s not the work I really want to do.

With so many mixed signals, it’s easy to get stuck when trying to specialize.

So, you set out on a more generalist path, and end up with no signal.

So, how do you break out of the conundrum?

Yes, you do need to choose a lane for a core service. One that pairs your unique domain expertise with an urgent pain point affecting a narrow client profile within your market.

But! It’s ok to allow yourself a ‘B-side’ — a small portion of your capacity you keep open for a second, discretionary lane.

Tactically, B-side work could look like:

  • One last project to offboard an existing client
  • A new service you’re experimenting with
  • A left-field client that strikes your interest

Some critical guardrails on the B-side:

  • Build your revenue goals based on your ‘A-side’ capacity only — consider B-side revenue a delight, not an expectation
  • Only accept B-side work that is inbound or opportunistic - do not set up explicit marketing activities to support it, as it will distract from building your A-side pipeline
  • Cap your B-side capacity to 10-15% of your ‘working in the business’ time, and be mindful that your B-side isn’t taking up more mindshare than that cap either

For new consultants feeling suffocated by the idea of specialization, having this ‘B-side’ available can act as a snorkel — even if you end up not using it.

💡

-Wes

💡 The Lightbulb

A daily email about monetizing your corporate expertise. Give me ~1 minute a day, and I'll help you turn what you know into your most differentiated and lucrative asset.

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