Passive income: NO

Starting a management and strategy consulting business can potentially lead to passive income, but it is not guaranteed for most individuals. To reach a level of passive income from this hustle, significant setup and systems are needed, such as developing streamlined processes, automation tools, and potentially outsourcing certain tasks. While some consultants may achieve passive income by establishing retainer clients or creating digital products, most people in this field rely on active client work to generate income. The time to profit can vary widely, with some consultants earning within 2 weeks of starting, while others may take months or even longer to establish a steady income stream. It is realistic for experienced consultants with a strong client base to transition to a more passive income model, but this may not be achievable for everyone entering the field. It's essential to be wary of myths or misleading expectations around quickly achieving passive income in consulting. Overall, while passive income is possible in management and strategy consulting, it typically requires time, effort, and strategic planning to reach that level.