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Start a Consulting Firm Instead of Retiring

Start a Consulting Firm Instead of Retiring
Photograph by GS/Gallery Stock

Question: I’m thinking about setting up a small consulting firm for my industry when I semi-retire next year. What is the market like, and what should I do in advance of starting this business?

Answer: The market for consultants in your field depends on current conditions in your industry and its near- and long-term outlook. If you’re not familiar with where things stand there, educate yourself now while you have access to industry research through your employer.