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Reply to "Career change after 50?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are doing this. DH, who is about OP's age, walked away from a high-prestige, high-paying job with no plan, other than a vague idea to do something different. One thing that helped was that we moved way out of the DC area, and dramatically downsized, to a new location that we both liked. Moving out of town, made it easier to cut expenses like our club, our social expectations such as dinners out at very expensive restaurants, and our charitable giving that we can no longer afford. Moving to a much smaller house also cut our utilities, landscaping, house cleaning etc. We are now thinking about what to do next, and [b]consulting is the obvious answer. [/b]I have consulted off and on for many years since leaving the labor market and DH already has some offers to consult. Ultimately we just need to cover health insurance -- it is our biggest expense by far for the next 15 years. The kids should be fine. They have already had every advantage in life and it was time for them to be cut-off anyway, except for their tuition bills which we saved in advance, like OP. Good luck! Life is too short to be miserable. [/quote] How do you start this? Do you see a headhunter? I am very specialized in a field, give free advice to people around me who tell me I could do this as a paying job, but don't know how to start it. I am in DC.[/quote] The first step was to talk to people who have already started small consulting/lobbying businesses. Then get an accountant, form an LLC, and start working on communications -- new e-mail addresses, e-mail management system, better linked-in profile, and possibly a website. Mostly though it is about tapping your network. Often people start by getting a contract from their former employer. We must have at least 20 friends that consult or run small lobbying shops with varying degrees of success -- some make up to a $1 million, others much less but still have contracts. It seems to be [b]where people turn in their 50's[/b] because the cost of hiring a 50 year old is pretty high. [/quote] Because with consulting people do not care about age, they just want the job done.[/quote]
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