You could also take a short term/temporary assignment as you build your consultancy business in parallel. You sound ready for a challenge, why not be the primary beneficiary of your own hard work and innovation? I don't know what part of the industry you're most skilled, but as an operator, I can tell you its never been harder to find skilled workers who want to work hard. If you can find them, retaining them, is a whole other challenge. Integrating progressively skilled HR people makes all the difference to a profitable efficient operation. If you can add value to an industry ripe for its own type of disruption, why not you?
Thanks for the reply. I'm currently in a one year contract position so I've set the goal to have my own business by the time I'm done. I can't say what it's done for my mood and state of mind to even just set that goal. I love your comment because I was thinking about focusing my business somewhere along the lines of disrupting traditional HR!
The more I think about it, the more I realize that the other job wasn't for me. I thought it was, but it would have been a temporary fix. I think not getting it is actually the motivation I have needed for a long time to do something different!