Hi all! I am at a turning point in my career if I need to decide if I want to stay in academia or transition into another industry.
My current situation:
--I am 33, have an English PhD, and have my dream job: a full-time lecturer at a public university teaching writing and popular culture
--My salary is $45,000 a year, which is low for my region, but I have great insurance and a 403(b) that I am currently maxing out
--I make an additional $20,000 a year from teaching-related side hustles (summer teaching, stipends for extra trainings and committee work, teaching online at another university)
--I have no debt except a mortgage, and am meeting my own saving goals
--I am married to a social worker and have a 1 year old child
In my region, the Pacific Northwest, lecturers are teaching-oriented positions with the benefits of being a full, voting faculty member, minus the expectation of research. I designed my career to be a lecturer because I love teaching, I'm good at it, and I don't love research.
The problem? My job is ending. My position was only three years, and during that three-year position the lecturer job market has gotten a lot more competitive. We have seen people who are tenured professors and former department chairs applying for lecturer jobs because our lecturer jobs pay so well and people want to move to the northwest. I am planning on applying to other lecturer regional jobs, but I am not confident I'll get one due to the competitiveness of the applicant pool.
I do not want to get stuck in the rut of being an adjunct professor. You've heard how bad the working conditions are. I was an adjunct at a private college for a year, with no benefits and my classes were sometimes canceled sometimes a week before they were scheduled to start. I don't want to go back to that. A lot of PhDs think they don't know how to do anything but teach and research, but I don't share their attitude, and I'm not one to stick around and be abused by an employer.
I have a ton of transferable skills from my career in academia. Instructional delivery, knowledge of learning theory, course design, serving on hiring committees, curriculum development, writing, developmental editing, communication, leadership, assessment, public speaking, and program development. My computer skills aren't bad either; I know how to make websites, create online courses, the basics of video editing, writing social media content, digital marketing, and I have the basics down for Adobe Creative Cloud. As a Mustachian, I'm always learning new skills and improving myself. If I don't know how to do something, I can usually figure it out from watching instructional videos and asking for help when I need it.
I'm confident I could find a private-sector job where these skills are valued. I have a solid social network because I live in the same city I grew up in, and I have acquaintances and friends in a variety of tech-related industries. Instructional Design is appealing since I'd get to use my teaching skills to help people learn in a professional setting. However, I'm not confident I want to give up the teaching lifestyle. Not only do I love teaching (I'd like to continue teaching after achieving FI), but I love the flexible schedule. I am only physically on campus three days a week. My husband (a social worker) and I are able to stagger our schedules so we don't need childcare for our 1 year old. I don't think I'd enjoy a desk job where I am away from my family for 50-60 hours a week. After all, isn't hatred of the desk job what motivates so many folks to FIRE?
So, I'm thinking about starting a consulting business that includes adjuncting. In my state, if I teach two classes at any public university or community college (doesn't have to be the same college), I can get insurance for my whole family and continue contributing to my employer-matched 403(b). That way, I can keep teaching, but not rely on it for my sole income if I have my classes canceled, and I can walk away from abusive employers because I won't be desperate.
Things I could consult in:
--Instructional design (including online teaching and curriculum development)
--All-encompassing coach for grad students (writing + finishing in a timely manner + not getting into debt while in grad school--not sure if I'm legally able to give financial advice without having any certification though)
--AirBnB hosting (not hosting right now but I was a very successful AirbnB host, believe it or not!)
--Writing, developmental editing
--Subject matter expertise (pop culture)
My consulting ideas might be too abstract/varied right now though.
Am I crazy? Has anyone else made something like this work? Is there something I'm overlooking? have you or someone you know made it as an adjunct + consultant + subject matter expert?