Consulting Business

Re: Consulting Business

Working with clients and completing projects are very satisfying. The best thing is working for yourself once you do and you make decent money you will not go back to a corporate environment. One thing I would suggest you do is try to get as much done as possible i.e. contracts, presentations, technology etc before you leave because once you get started hopefully you will be so busy you will not have time to develop the materials.

Re: Consulting Business

If you have a financial background it is a great start because you can go in and analyze the financials and use that as a starting point to solving some of the clients problems.

Re: Consulting Business

I would make sure that you focus on an area where you excel rather than trying to be all things to all people. I would also make sure that you develop an internet presence because it is fairly inexpensive. You can also look to franchises there are several that focus on the financial world for example taxes or payroll servicing that are relevant to you past experience.

Re: Consulting Business

A strategy that I have used in the past is to develop two sites each focusing on a different niche and targeting your clients through those sites. It allows you to appear to be a specialist but not force you into a particular niche.

Re: Consulting Business

I would make sure that you bring with you tools that you might of developed in the office that would be helpful in the consulting field. For example are there any excel templates that would be helpful, presentations etc. I would also plan to have a net outflow of cash for at least 6 months because this is the period you will have to make the most significant investment in your business. Some of the things you will need to get are:

website
logo
software applications
hardware
consulting contracts
phone number

etc. It gets expensive. I would also start working on some of these now i.e. the logo and website

I hope that helps and good luck

Re: Consulting Business

Hi,

You might consider the form that your consultation will take. Strategic planning and project planning will focus on your knowledge more than your time. Accounting, implementation and documentation are potentially time consuming functions. Project management and training require knowledge and results.

Jay

Re: Consulting Business

Thanks for all your feedback I am more confident about the direction I want to take - Thanks for all your help.