You’re starting a consulting business. What are the most important things to consider?

My only advice comes from a failed attempt, but I learned a lot about what does not work. Have your website done first, and done right. Everything from your logo design, overall page design, service offerings and cost, company email, payment methods, etc. It might surprise you how much there actually is to all that. Be consistently committed. That does not mean you have to be 'all in'. But you need to consistently do a handful things, even if it is a part-time frequency...which can increase if you are successful enough to justify moving more towards 'all in'. Don't be scared to fail. Cheers!

Define Your Niche: For example, a marketing consultant specializing in social media strategy for small businesses. Unique Selling Proposition: Highlight what sets you apart, such as offering personalized one-on-one coaching in addition to strategy development. Stand Out: Showcasing a track record of successful campaigns or testimonials from satisfied clients can help you stand out. Specialization: By focusing on a specific industry or service, like healthcare marketing, you can position yourself as an expert in that niche. Authority: Sharing thought leadership content or speaking at industry events can help establish credibility and attract clients seeking your expertise.

Best advice I was given right at the start of my business was: "first find your hungry audience". What might people want that you are uniquely able to provide. The other really important aspect for me is "what brings you joy; what feels meaningful or important to you"? The IKIGAI model is a great way to frame all of this too: - what do you love - what are you good at - what does the world need right now (that's the hungry audience piece) - what can you be paid for Find all of that, and it could be your niche! And.. be aware that it can continue to evolve. Fourteen and a half years in and my niche has been evolving beautifully as I get ever closer to what gives me meaning in life!

We don't want to fail when it comes to business, so we need to carefully consider the risks involved and strategize it accordingly. - Doing a thorough market analysis. - Making a business plan with the possible risks involved. - Doing a finance planning - Marketing your Product/Services and promote it well. - Build your clientele, networking is very IMPORTANT - Take feedback post services and learn from them.

Starting a consulting business, the key things to think about are understanding what clients need, having expertise in your field, and being good at solving problems. It's important to build trust with clients and always deliver high-quality work.

Consulting stands on a basic idea that the 'Consultant' has an expertise in an area which 'Client' needs help. The more expertise, the better growth.

Una vez más, enfoquémonos en 5 puntos-clave: Evalúa tu valor: Considera tu experiencia, habilidades y la calidad de tus servicios para determinar tu valor en el mercado. Investiga los precios del mercado: Analiza lo que otros consultores en tu área están cobrando por servicios similares para tener una referencia. Calcula tus costos: Determina tus gastos operativos, tiempo dedicado a cada proyecto y expectativas de ingresos. Ofrece opciones flexibles: Considera ofrecer diferentes paquetes de servicios o tarifas por hora para adaptarte a las necesidades y presupuestos de tus clientes. Sé transparente: Comunica claramente tus tarifas y los servicios incluidos para evitar malentendidos y asegurar una relación cliente-consultor sólida.

Your rates! You need an initial consultation rate and project rates. Your hourly rate applies when your project hours for that week have been exceeded.

Your target audience is essential. Consider who has a pain that needs my solution. Who will buy from me . How can I carry my brand with me when I worked for corporate.

To be part of consulting and start off the journey, first and foremost you need to have a strong network in the market. 1) It's important to establish a strong partner or stakeholder management. 2) Collaborate and create a team that focuses on productivity. 3) It's important to have risk management in place or determine how much runway to sustain. 4) Utilize technology tools and automation solutions to streamline administrative tasks, manage client projects, and track key metrics.

Acredito que a estrutura jurídica pode ir se desenvolvendo junto a sua empresa, iniciar com um jurídico com experiência em corpora??o fará a diferen?a, com a evolu??o do seu negócio, automaticamente a assessoria irá se desenvolver também.

Legal aspects are more important while starting any business. You need to have all the legal documents ready before starting your consulting business. Appoint a professional lawyer for your firm, there are many such lawyers available in the industry who provide annual services. Based on a suggestions of lawyer appoint a CA also for further documentations as and when needed to avoid any legal issues in future.

Nesse ponto, tudo vai depender do nicho que você trabalha. é necessário sempre conversar e entender de assuntos como LGPD, quais informa??es sensíveis ser?o utilizadas/requeridas no processo e ter sempre uma consultoria jurídica para apoiar. Do mesmo ponto olhando para a contabilidade. A depender do tamanho da sua carteira de clientes, você irá ou n?o precisar ter um contador próprio, ou consultor ou até mesmo você conseguirá lidar com esses pontos.

La elección dependerá de varios factores, incluyendo la responsabilidad personal, la estructura de impuestos. Empresa Individual: Es la forma más sencilla y económica de comenzar. Tienes responsabilidad personal ilimitada y declaras los ingresos y gastos en tu declaración personal de impuestos. Es recomendable consultar a un abogado o contador especializado en leyes comerciales para determinar la estructura legal más adecuada según tu situación específica y tus objetivos comerciales.

When it comes to choosing a structure for your consulting firm, the best option is often determined by how quickly and ambitiously you want to grow. LLC and S corporations are better options for small businesses that hope to expand and grow into larger ventures with more employees. These structures help protect owners from personal liability issues while still allowing access to outside funding. Sole proprietorships are good options for small consulting firms because they offer owners limited liability protection while allowing them to retain greater flexibility in business decisions. Overall, choose the consulting business structure that is based on the type of work you do and their growth plans.

Document everything. Whether you're dealing with employees, customers, or suppliers it's a good idea to maintain a formal written agreement so that both parties know where they stand—and you'll have a record of this in case you wind up in court. An attorney may advise you on when you need to sign a formal contract.

Iniciar con Contratos detallados: contratos claros y detallados que describen los servicios a ser proporcionados, los plazos, los honorarios y las responsabilidades de ambas partes. Comunicación clara, abierta y transparente en cada etapa para asegurar que estén al tanto del progreso, los cambios y cualquier problema potencial. Documentación exhaustiva: registros detallados de todas las interacciones y acuerdos con los clientes, mails y revisiones de proyectos. Mantener altos estándares: proporcionar servicios de alta calidad y cumplir con las expectativas reduce la probabilidad de malentendidos y disputas. Al seguir estas prácticas, puedo mitigar los riesgos y proteger ambas partes.

If you don't know how to have a well put together contract. Define first the process, how you would work with the client, what is important to consider in terms of use of information, scope of work, work time, deadline and payment method... Then use chatgpt to help you put the contract together and ASK A LAWYER FOR A REVIEW. Don't forget the confidentiality and non-competition addendums.

In addition to the contracts, it’s important to protect yourself. Looking into professional liability insurance can add additional insulation to your new business.

Sem sombra de dúvidas com o apoio de um profissional jurídico de confian?a, todas as informa??es que s?o de sigilo será descritas em contratos com valida??o de ambas as partes. Em caso de mudan?as, o jurídico com certeza buscara os melhor recursos para que n?o tenha um impacto tanto para o cliente quando para nós empresa.

While there are numerous fancy marketing approaches, I strongly believe in doing excellent work, being clear about our services, and relying on references and word-of-mouth publicity. This approach can lead to long-term client relationships.

Es importante implementar estrategias efectivas de marketing, así como ofrecer un servicio excepcional que genere confianza y valor para los clientes. Definir tu propuesta de valor única: Destaca lo que te hace diferente y por qué los clientes deberían elegirte a ti sobre la competencia. Crear una presencia en las redes que muestre tus servicios, experiencia, testimonios de clientes y casos de estudio. Dar visibilidad y establecer credibilidad como experto. Participa en eventos de networking, conferencias y seminarios para conectarte con clientes potenciales y fortalecer tu reputación. Ofrecer una excelente experiencia al cliente: Brinda un servicio de alta calidad que supere te las expectativas Programas de fidelización y referidos

You need to be different from the crowd ,When you are into the Consulting business you need to have proper strategic planning to focus on your niche area , it can be strategized in following way . Evaluate the Market . Work on Promotional offers . Convincing the Client with premium level Demo's on advance level . Having good Customer Relationship management skills. Completely following up with all your Previous ,existing and Lead Clients on their Achievements and scope of Work . Clear Expectations .

Consultants display authority in marketing by demonstrating they understand the pain point of their customer and can articulate a vision to the desired outcomes. When a consultant can do that, the “how” becomes irrelevant. While your competition is talking about steps and benefits, you’ve already made yourself a solution of one.

Marketing is the key to attract clients to a new business. I would develop a solid marketing strategy involving blogs, email marketing, lead generation, social media marketing. One or the other would click and kick start our new business.

Starting a consulting business requires a specific mindset geared towards success and sustainability. Here are some key aspects to consider: 1. Expertise and Knowledge: As a consultant, your expertise and knowledge in your specific field are your primary assets. Continuously develop and deepen your expertise to provide valuable insights and solutions to your clients. 2. Client-Centric Approach: Focus on understanding your clients' needs and delivering customized solutions that address their specific challenges. 3. Problem-Solving Attitude: Be proactive in identifying issues, developing strategies, and implementing solutions that add value to your clients' businesses.

Our own minds often work against us, creating a zone where self-doubt prevails. It's essential to maintain a clear mindset, exercise patience, and ensure that our strategies and mindset align correctly. With the right approach, positive results will follow.

Everything starts in your head! So if your mindset is not serving, but rather blocking you, you first need to overcome these negative thoughts and saboteurs. You need to believe in yourself and your idea and it's very important to be prepared for setbacks. Building on your resilience is a very important thing when you are in the process of setting up your own business.

The business landscape is constantly evolving, and an open mindset allows you to adapt to changes in client needs, market trends, and industry standards. This adaptability enables your consulting firm to stay relevant and competitive.

It's important that you are clear about the type of service you are going to provide. Accept the job if you are going to dedicate yourself to it. If you negotiated a low price and you find out over time, still provide a good service, everything in life comes back. Seek advice and feel stuck with the job. And give yourself time to take a mental break to find solutions to the challenges you face.

Consulting business means you are going to sit with business and make client successful in their business.. in order to do that first understand the problem (need good knowledge in that area - niche skills), what is the clients objective and our ability/talent/expertise to achieve or solve the problem, then focus on what is the right amount to quote in this price competitive market without compromising on quality. Finally what is the success KPI means to both us and client that can build long term relationships. (as we should continue to grow every day)... lastly focus on culture and team that joins hands together for common goals of the firm.

Build a Strong Online Presence: Establish a professional website and leverage social media to showcase your skills, testimonials, and success stories.??

Don’t overlook the importance of a quality team. Whom you hire or partner with affects your reputation. Every member of your team should add value and know what is going on so that you can delegate and if a client asks an employee a question, they can answer it. I have seen business owners who try to do everything themselves and that is a disaster waiting to happen. When someone walks into your office the should be greeted immediately and should feel important. This can’t happen if you are with another client in the back and you are also the receptionist/office manager. Not having a good team have could mean you are either too cheap to hire help or you have a high turnover rate because you are too demanding to work with.

Revenue is the lifeblood of any business so you need to get paying client(s) and prioritize revenue development. All of the aforementioned considerations (niche, rates, structure, contracts, marketing, mindset) should aid your ability to generate revenue. Depending on your level of expertise, you can capture your desired effective rate early or build up to it as you develop more expertise over time. But if you're forced to pursue [and accept] every opportunity in your pipeline, it will be difficult to sustain or grow a consulting business.

You need to have a strategy. How are you going to position yourself in the market? Are you going to be a speaker at events? How do you get the confidence of stakeholders? Start! Not many people start.