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Hello, and welcome to the Art of Consulting Podcast. We're excited you're here.

In our time together, you'll learn our top strategies to improve your career, confidence, lifestyle from us and other crazy successful seasoned consultants in IT and Management. Engage in the conversation as we discuss everything that brought us longevity and success over the years in the IT consulting industry.

Enjoy and may the force be with you.


Andy and Cat.

Aug 18, 2023


In this podcast episode, hosts Andy and Cat dive deep into the significance of rest for self-employed consultants. They discuss the mental and financial aspects of taking breaks, setting rates, and building a sustainable consulting career. Whether you're a seasoned consultant or considering a career in consulting, this episode offers valuable insights to help you achieve a balanced and prosperous consulting lifestyle.


Episode Highlights:


1. **The Need for Rest (00:02:20)**

   - Andy and Cat emphasize the importance of taking breaks, even for self-employed consultants.

   - They draw parallels between consultants and athletes, highlighting the necessity of rest and recovery in both fields.

   - Cat shares her personal experience of feeling recharged after taking a break and how it positively impacted her mindset.


2. **Visualizing Success (00:11:45)**

   - The hosts discuss the power of visualization and the effectiveness of vision boards.

   - Cat shares a story about how visualizing a reward helped her stay motivated during a challenging project.

   - They stress the idea that having a clear vision of your goals can provide the mental energy needed to overcome obstacles.


3. **Financial Planning for Consultants (00:21:05)**

   - Andy and Cat delve into the financial aspect of being a consultant.

   - They suggest calculating your hourly bill rate by considering factors like sick days, vacation time, and taxes.

   - Cat recommends basing your calculations on ten months of work per year and accounting for potential downtime.


4. **Setting a Floor Rate (00:28:45)**

   - The hosts explain the concept of a floor rate, which represents the minimum rate needed to maintain your desired lifestyle.

   - They emphasize the importance of factoring in expenses like taxes, insurance, and savings into your consulting rate.

   - Cat underscores that setting a realistic floor rate is crucial for long-term financial stability.


5. **Balancing Work and Personal Interests (00:35:15)**

   - Andy and Cat discuss the significance of cultivating personal interests and hobbies outside of work.

   - They stress that finding productive and enjoyable activities can lead to personal growth and a more fulfilling life.

   - Cat highlights the importance of trying new things to stimulate mental growth and well-being.



In this episode, Andy and Cat stress the importance of rest, financial planning, and personal growth for self-employed consultants. They encourage listeners to prioritize mental and physical well-being, visualize their goals, and set realistic financial expectations. Balancing work and personal interests is key to building a successful and fulfilling consulting career.