What actually stops people
It is not the fear, and it is not the money. Ask anyone eight weeks into
their own practice what is eating the week and they will not say strategy. They will say
they spent Tuesday trying to work out what to put on an invoice.
You left behind a finance team, a legal function, a marketing department,
an assistant and an IT desk. None of them came with you, and every one of those jobs now
comes out of the same hours you were going to use to do the work people pay for.
That is why a solo practice used to cap out at the founder's
own hours. It is also the part that has genuinely changed in the last two years, and almost
nobody teaching this has updated for it.
I built Mayer Advisory after sixteen years in banking. Head of Technology
HR at Credit Suisse, then head of technology reward at UBS, during the integration. I had
spent
those years advising senior people through exits and restructures. I still got the first
three months of my own wrong, and this course is largely a record of what I would do
differently.