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.
Welcome back! Over the past 200+ Lightbulbs, Iāve been sharing tips, insights and frameworks all in service of monetizing your corporate expertise as an independent consultant. I've workshopped and released these as they were relevant and top of mind for my work with coaching clients, as well as my own journey. Whatās been building in aggregate behind-the-scenes, though, is a more holistic narrative of what I see as the 5 core pillars for going from amorphous expertise to sellable service. So, as a year-end recap this week, Iāll be revisiting the key concepts in a macro-framework Iām calling the āFirst Mile Foundationsā. Whether youāre new to The Lightbulb or notā¦ Whether youāre new to solo consulting or notā¦ I hope this view will be a helpful resource for you to guide the efficient deployment of your unique expertise. The first pillar is Self-reflection. So, youāve jumped into the soloist pool, perhaps triggered by a layoff, burnout, career break, or just a higher calling. The best way to get a sense of your direction is to first look inward, in two directions. ā 1. Is self-employment a good fit? First, the āLiftoffā framework is a 5-part triage that can help you figure out if self-employment is a good fit by looking at five key angles:
In live workshops that Iāve led on this framework since publishing, participants have walked away not necessarily with a go/no-go on whether they should go soloā¦ But instead with a clearer understanding of their inherent strengths that fit with the soloist model, and where they might need to bolster some support. You can find the summary post here, with links included for assessment of each angle. ā 2. Your 'genius zone' Second, before we get our minds into the details of niching, service design, pricing etc., it can be helpful to take an unclouded inventory of your āgenius zoneā. Coined by Gay Hendricks in his book The Big Leap, your genius zone is that type of work that comes to you so naturally that it doesnāt even feel like work to you. The general idea is that you shouldnāt be spending much time doing things that youāre good at. Or even great at. Rather, you should spend as much as your time as possible doing only things you are exceptional at. Iāve alluded to this concept throughout the year, but havenāt set out to recreate the framework. For an orientation on this concept in the arena of solo consulting, Iād recommend Rochelle Moulton and Jonathan Starkās 2023 episode of āThe Business of Authorityā found here. ā Now, with a two-pronged assessment of your proclivity for self-employment, and an idea of where you effortlessly provide exceptional value, youāll have a solid grounding for the next pillar tomorrow: market assessment & niching. ā š” -Wes |
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.