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Entrepreneur

Close a Consulting Contract

8 weeks · 3 milestones

Land your first $5,000+ consulting engagement.

Milestone map

Milestone map

3 milestones

Define the service and identify 10 specific potential clients

1–2 weeks

Define what you are selling specifically enough to price it, and identify 10 specific potential clients — not categories, but named organisations or individuals who might plausibly hire you. A consulting service defined as 'strategy consulting' is not priceable; a consulting service defined as 'pricing strategy for B2B SaaS companies between $1M and $10M ARR that sell into mid-market' is both priceable and targetable. The 10 names are the scope of the first outreach sprint — they will not all respond, but the act of naming them forces specificity about who actually needs this.

Proof required

Write a service definition (one paragraph) covering: what you do, who you do it for, what outcome the client gets, and your pricing (day rate or project rate). Attach or paste a list of 10 specific named potential clients — organisations or individuals — with one sentence each on why they might need this service.

What gets checked

  • Service definition is specific enough to price — a day rate or project rate with a basis is present.
  • 10 named potential clients are listed — not categories like 'mid-size SaaS companies' but named businesses or individuals.
  • One sentence per client on why they might need this — demonstrates you have thought about each name, not just copied a category.

Common mistakes

  • Service defined at category level: 'I'm a strategy consultant' — this is unchargeable and untargetable.
  • No specific pricing: 'pricing depends on scope' without a starting rate is a signal that the service has not been defined.
  • Target list is a category, not names: '10 types of companies' is not 10 clients.

Powstik Guide

A priced service definition and ten named prospects.

Steps

  1. Write what you do, for whom, and the outcome.
  2. Set a day rate or project price.
  3. List ten named organisations or people.
  4. Note why each might hire you now.

Template

Service: I help [who] achieve [outcome] by [what I do].
Price:
| # | Named prospect | Why they might hire me now | How I'll reach them |
|---|----------------|----------------------------|---------------------|

What gets sent back

  • Categories instead of named prospects.
  • No price.
  • A vague service like 'strategy'.

Resources

Foundationstart here

Depthgo deeper

What a verifier looks for

  • The service definition must be specific enough that a potential client reading it immediately knows whether they are in the target audience or not.
  • The 10 names must be real — ask whether the founder has any existing relationship with any of them, or whether these are cold targets.
  • Pricing: a day rate or project rate with a basis should be present — 'market rate' without a number is not pricing.

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Complete outreach and secure discovery calls with at least 3 prospects

2–4 weeks

Contact the 10 prospects from M1 and secure discovery calls with at least 3. The discovery call is the moment where a general interest in the service becomes a specific conversation about a specific problem. The proof is the outreach record and the call notes — not that 3 prospects are ready to hire, but that 3 are engaged enough to have a real conversation about the problem. Calls that result in 'not interested' still count; they are market data.

Proof required

Share your outreach log: for all 10 prospects, note the date contacted, the channel (email, LinkedIn, introduction, etc.), and the current status (no response / responded / call scheduled / call completed). For each of the 3+ discovery calls completed, write 3–5 lines on what the prospect said their problem was.

What gets checked

  • Outreach log covers all 10 prospects with dates and status — not just the ones who responded.
  • At least 3 discovery calls completed — calls that resulted in 'not interested' still count; they are data.
  • What the prospect said their problem was — in their words, not your framing.

Common mistakes

  • Outreach log only covers responders — the non-responses are the majority of the data set and should not be omitted.
  • Discovery calls not yet completed: 'I have 3 calls scheduled' — scheduled is not completed.
  • What the prospect said is rephrased as the service pitch: 'they need exactly what I offer' — a verbatim problem description is more credible than a summary.

Powstik Guide

An outreach log for all ten prospects and three discovery calls.

Steps

  1. Write a short, specific message per prospect.
  2. Contact all ten and log the date and channel.
  3. Follow up once after a week.
  4. Book at least three discovery calls.
  5. Note what each prospect needs after the call.

Template

| # | Prospect | Date | Channel | Status | Follow-up |
|---|----------|------|---------|--------|-----------|

Discovery calls
| Prospect | Date | Their problem | Budget/timeline heard |
|----------|------|---------------|-----------------------|

What gets sent back

  • Fewer than ten contacted.
  • Fewer than three calls held.
  • Status left blank.

Resources

Foundationstart here

Depthgo deeper

What a verifier looks for

  • The outreach log should include non-responses — if all 10 prospects responded and 3 booked calls, that is unusually high and worth asking about.
  • The problem descriptions from discovery calls should be in the prospect's framing — ask the founder to quote one thing a prospect said.
  • Calls that resulted in 'not interested' are valuable proof — they demonstrate real outreach and real market feedback.

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Close a paid consulting contract — signed agreement and first payment

2–6 weeks (from discovery call to close)

Close a paid consulting engagement — a signed agreement and a first payment received. The payment does not need to be large, but it must be real: a promise to pay, a free project, or a deferred payment arrangement is not a closed consulting contract. The agreement must define scope, deliverable, timeline, and payment terms. A signed email thread with all four elements qualifies; a verbal agreement does not.

Proof required

Share: (1) the signed agreement (or signed email thread) — scope, deliverable, timeline, and payment terms visible; (2) a payment confirmation (bank transfer screenshot, invoice marked paid, or payment processor screenshot) showing the first payment received. Write one paragraph on what specifically converted this prospect — what happened between the discovery call and the signature.

What gets checked

  • Signed agreement with scope, deliverable, timeline, and payment terms — all four elements visible.
  • First payment received — a payment confirmation with an amount is shown.
  • What converted this prospect — the specific conversation, proposal element, or referral that moved them from interested to committed.

Common mistakes

  • Agreement without first payment: 'they've signed but payment is due in 30 days' — the contract is closed but the outcome is not yet achieved.
  • Free or deferred project: 'we agreed to do a pilot first' — a pilot without payment is not a closed contract.
  • What converted them is generic: 'they liked my experience' — the conversion factor should be specific enough to repeat.

Powstik Guide

A signed consulting agreement and the first payment.

Steps

  1. Write scope, deliverable, timeline and fee.
  2. Get it signed or agreed in writing.
  3. Send your first invoice.
  4. Save proof of payment received.

Template

Client (can redact):
Scope:
Deliverable:
Timeline:
Fee and payment terms:
Signed on:
Invoice sent:        Payment received:

What gets sent back

  • A verbal agreement.
  • Unpaid or deferred work.
  • No payment evidence.

Resources

Foundationstart here

Depthgo deeper

What a verifier looks for

  • The payment confirmation must be real — bank transfer, invoice marked paid, or payment processor screenshot with an amount.
  • The agreement must cover all four elements: scope, deliverable, timeline, payment terms — ask which element was most negotiated.
  • What converted them: ask whether the founder has tested this conversion factor with a second prospect — one conversion is a data point, two is a pattern.

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