How to Turn a Late Career Layoff Into a Consulting Practice

In this episode of Late-Career Conversations, Lucas and Luna explore how professionals over 50 can transform a layoff into a thriving consulting business. Drawing on a 2025 McKinsey survey showing that 40% of laid-off professionals over 50 started consulting within six months, they break down three concrete steps: leveraging your existing network for your first three clients, pricing your services using a simple multiplier of your former salary, and structuring engagements to avoid non-compete pitfalls. Lucas shares a real example of a former Fortune 500 marketing director who built a $120,000 annual consulting practice in 18 months. They also discuss common mistakes like underpricing and overcommitting, and offer practical advice on setting up a simple LLC and managing cash flow for a smooth transition. This episode is packed with actionable insights for anyone considering an encore career as a consultant after a layoff. #LateCareer #Layoff #Consulting #EncoreCareer #CareerTransition #Over50 #Business #Careers #FexingoBusiness #BusinessPodcast #LucasAndLuna #McKinsey #NonCompete #PricingStrategy #LLC #CashFlow #Networking #FractionalWork Keep every episode free: buymeacoffee.com/fexingo