What advice would you give to someone on the forum who is thinking of starting up there own company or working as a consultant?
Apart from the being good at the skills you are offering, one major think is marketing. Security being a tough competition, as many skilled people offering their service, marketing is a Big Must. There must be something to make you stand out shining from the competition.
I would spend majority of my capital 'initially' in marketing, because only when you sell u earn and u learn.
Start with 'FREE' we all love it when its free. Look at everything around as case study,
Metasploit- Started as free (still community version is free) but then added certain Pro products which make a 'buck'
SecurityTube- Started as providing infosec education at no cost and still does provide a huge set of topics for free. Once successful started infosec certifications at a low price, again making a buck.
All those guys might have not started the project to make money initially but we all know how over the years some of free products have developed into industry must haves.
Always plan long term and always innovate.
Just my 2cents.