Transitioning from a full-time, paid position to consulting, part-time or teaching takes longer than you think it should. I spent my entire career trying to do things my employers could not take away from me. When it was time to transition from a FT position to a combination of smaller efforts it was time-consuming, hectic, disappointing, and ultimately extremely satisfying.
My network of colleagues was a bust. Most were just good luck, I am sure you’ll find something. Some of those did come through with great part-time work and great people to work with but I needed to invest in my skills and engineering tools of the trade.
I spent an enormous amount of money retooling (hardware, software, paid training, personal research) to do up to date engineering. All those years as a manager and executive were left behind.
When it is time for a transition, be prepared. It will take six to twelve months and tens of thousands of dollars to really get ready. Think ahead. Just like your 401K and other retirement plans, start early and have a plan.
Good engineers just can’t go from 100 mph to 0 and be happy.