How To Turn Your Expertise Into A Consulting Business
Starting a independent Consulting practice is one of the best ways to turn your depth of knowledge and years of experience into a business. A consultant is an expert who advises others in a specific field or to fix specific problems. Many people confuse Consultant with Freelancers. It's not unusual
to interchange the terms "Consulting" and "Freelancers" when describing the services you perform
as a contract worker. However, each word has a different connotation when describing the type of relationship you plan to have with customer and the services you offer. Understanding these differences is an important part of positioning your business for future success.
Consulting differs from Coaching which is another way to help others with your expertise. Consulting is focused on business or groups as a client, although individuals sometimes seek consultants. Consultants assess an issue and prepare a solution with a focus on processes. In most cases, after an explanation and assistance in implementing the solution, Consultant's work is done.
Coaching, on the other hand, is more often done one-to-one focusing on building up a client's personal strength. As similar to Consulting, Coach is involved regularly (i.e. weekly) over a period
of time until the client has met their goals.
Consultant exist in just about every industry, while the income varies depending on the industry
and how the consulting business is set up. The advantages to consulting are many including -
1. Flexibility to set your own schedule.
2. Ability to earn more with your experience, knowledge and low overhead than with a job.
3. Start up time is quick and start up capital requirement is low.
Like most Home Business ideas, Consulting has few disadvantages also such as -
1. Takes time to build up and maintain a Clientele.
2. Income that may be unsteady.
3. No office support - HR, IT, Accounts etc.
While you can turn any type of knowledge into a Consulting Business, here are a few of the best industries to consider -
1. Leadership/Team Building consultant -
A Leadership and Team Building consultant works with Management to give them skills that
inspire those that work under them, including Problem - Solving and Decision making skills
building trust and Rapport, creating a supportive work environment and more.
2. Career Consultant -
A Career Consultant does many things including Assess Client's needs, Prepare Resumes, Cover
letters and other career related documents, coach interviewing skills, Assist in job search,
recommend training or more.
3. Marketing Consultant - A Marketing Consultant assesses the current marketing plan and strategies
of a business and makes recommendations on How to increase results with more effective
Messages and/or methods.
4. Organisation/Efficiency Consultant - These consultants look at available resources and how
well they are utilised, how the business is structured, and how to best maximize the skills and
experience of the people involved in the organisation.
Designing our own Consulting Career -
Make a list of what you are good at. Can you buy a week's worth of groceries for a few bucks?
Start a coupon living consulting practice. If you are a social worker, consider a Parenting consulting business. You will want to do Market Research to find out the people who are willing to pay you
for your expertise.
Besides Consulting, there are other ways to turn your expertise into profits including Coaching, Blogging, Information products like E Books, Written Articles, Published Videos and the like.
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to interchange the terms "Consulting" and "Freelancers" when describing the services you perform
as a contract worker. However, each word has a different connotation when describing the type of relationship you plan to have with customer and the services you offer. Understanding these differences is an important part of positioning your business for future success.
Consulting differs from Coaching which is another way to help others with your expertise. Consulting is focused on business or groups as a client, although individuals sometimes seek consultants. Consultants assess an issue and prepare a solution with a focus on processes. In most cases, after an explanation and assistance in implementing the solution, Consultant's work is done.
Coaching, on the other hand, is more often done one-to-one focusing on building up a client's personal strength. As similar to Consulting, Coach is involved regularly (i.e. weekly) over a period
of time until the client has met their goals.
Consultant exist in just about every industry, while the income varies depending on the industry
and how the consulting business is set up. The advantages to consulting are many including -
1. Flexibility to set your own schedule.
2. Ability to earn more with your experience, knowledge and low overhead than with a job.
3. Start up time is quick and start up capital requirement is low.
Like most Home Business ideas, Consulting has few disadvantages also such as -
1. Takes time to build up and maintain a Clientele.
2. Income that may be unsteady.
3. No office support - HR, IT, Accounts etc.
While you can turn any type of knowledge into a Consulting Business, here are a few of the best industries to consider -
1. Leadership/Team Building consultant -
A Leadership and Team Building consultant works with Management to give them skills that
inspire those that work under them, including Problem - Solving and Decision making skills
building trust and Rapport, creating a supportive work environment and more.
2. Career Consultant -
A Career Consultant does many things including Assess Client's needs, Prepare Resumes, Cover
letters and other career related documents, coach interviewing skills, Assist in job search,
recommend training or more.
3. Marketing Consultant - A Marketing Consultant assesses the current marketing plan and strategies
of a business and makes recommendations on How to increase results with more effective
Messages and/or methods.
4. Organisation/Efficiency Consultant - These consultants look at available resources and how
well they are utilised, how the business is structured, and how to best maximize the skills and
experience of the people involved in the organisation.
Designing our own Consulting Career -
Make a list of what you are good at. Can you buy a week's worth of groceries for a few bucks?
Start a coupon living consulting practice. If you are a social worker, consider a Parenting consulting business. You will want to do Market Research to find out the people who are willing to pay you
for your expertise.
Besides Consulting, there are other ways to turn your expertise into profits including Coaching, Blogging, Information products like E Books, Written Articles, Published Videos and the like.
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