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Tag: consulting

  • Useful Facts About A Consulting Business

    Useful Facts About A Consulting Business

    Consulting businesses have become one of the fastest growing industries and it is expected that the demand for consulting services will continue. So, why not be engaged?

    Business Consulting is a cost effective and professional management consulting services for the information technology, industry and business communities.

    Their usual engagements include analysis and design, information systems planning, operations process, performance improvement, workflow analysis, business automation planning, computer software and hardware evaluation, project management, selection and implementation, web design, financial and manufacturing processes, contingency planning and a whole lot more!

    According to the Harvard Business School research, about 100 billion dollars are generated by the business consulting industry. This is from the annual revenues gained by consultants solely in the United States. Consultants are really needed by companies in
    a slow economy to assist them in cutting their costs and increasing their revenues.

    There are many things that you should know about consulting business. You don’t have to reinvent the wheel. You just have to have the guts and proper information to get you on the right track.

    As a business consultant, you are relied upon and respected in every industry and in every country. Being a business consultant, you will be admired for both your independence and expertise.

    The bottom line of business consulting is to help organisations to leverage their business performances to produce viable results. Among the services that can be
    offered by business consulting include:

    – Improving productivity.

    You can assist your clients to work more efficiently or redesign the work processes. You can also institutionalise and design metrics for process
    enhancements.

    – Optimising workload and applications.

    You can help clients align applications for business strategy, plan internal resources and prioritise critical work requests.

    – Ensuring effective outsourcing.

    You can also ensure the outsourcing suitability of the organisation’s infrastructure and applications. You can also help them design governance structure that will lead to better management of relationship issues and organisational change.

    You can also choose to specialise in other different areas such as:

    • e-business consulting,
    • marketing consulting,
    • small business consulting,
    • communications consulting,
    • organisational development consulting,
    • IT consulting,
    • strategic planning consulting,
    • HR consulting
    • and any other areas that need professional advice.

    On a recent survey conducted by Association of Management Consulting Firms, it was found out that entry level consultants earn an average annual income of $65,000.

    Senior partners on the other hand earn as much as $300,000 annually. A self-employed consultant can earn $35 – $400 an hour depending on the market.

    If you have the desire and talent, having your own consulting business is one sure way to be profitable. Just remember that hard work and perseverance equates to profits.

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  • Surefire Guidelines to Starting Your Business Consulting

    Surefire Guidelines to Starting Your Business Consulting

    Consulting is currently the best business that would give you these rewards: money and flexibility. Through consulting, the performance of the organisation and other businesses may be improved. Companies definitely trust the ideas and suggestions of their project team and staff; but most of the time, the expertise is quite limited. This leads to hiring of private consultants.

    Consulting is a talent. If you have the skills and expertise about the world of business, then business consulting would be a good job for you as it promises good financial returns. Establishing a business consulting is not that easy, it is more like self-marketing. Don’t believe too much that a solid
    reputation and expertise are the keys to be successful in consulting. To gain success in consulting, you need to focus on selling your product – YOURSELF.

    I have provided here guidelines so you can turn your experience and knowledge into a lucrative small business consulting.

    You and the client should have a good working relationship. Establish a relationship that will go beyond your first sale. Clarify the expectations from your first assignment. Describe the things that you do and identify the benefits a client will achieve. Clients hire you because of your skills and expertise so you should be able to produce a quality work for them.

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    You are hired as a consultant to help the client’s problem; clearly state your proposal that is beneficial enough for the client, that way the price that you are asking them is worth the pay. From your proposal, let them feel that they really need your expertise. Always emphasise the benefits that they will obtain from your services.

    Always present a professional image. The client’s perception of what you are is really important. Always show them that you have the expertise and skills that are highly based on the combination of your education and knowledge from your chosen field. Because of this, client would willingly pay you because your skills will help them improve their firms. Always keep in mind that clients expect to see an in demand and successful business consultant.

    You are just establishing a consulting business, so offer free sessions. This will be the chance for you to expose yourself and gain referrals. Always keep in mind that as a starting consultant you need not bill them right away. First, think of ways you can help them, not monetise every hour you talk to them.

    Charge your clients equivalent to your expertise, type of field and your contracting firms size. Also, include in your fees the overhead expenses, the time spent in marketing and other administrative endeavours.

    Make an update of your client’s portfolio. It’s not bad to remove clients that generate small income. After all, you are talking about your own business here. You can get referrals from good clients and even fish for some new industries to widen your horizon. But remember; take on the assignments that you think you will enjoy and never forget to follow up for your clients.

    These are the surefire guidelines to help you establish a small business consulting. Entering the business consulting arena is a very hard task but if you got the needed skills and expertise, you’ll be successful in this field. Business consulting is a win-win situation if you are a good consultant. You can help improve other firms and also improve your consulting business. So start your consulting business and move your way for a higher income.

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  • Most in Demand Business Consulting Services

    Most in Demand Business Consulting Services

    The world of business has dramatically changed over the century and it is no longer the old business world as we know it. Nowadays, you can make business out of anything, as in anything at all.

    Hobbies and even caprices can now generate income for anyone. And business consulting is no different.

    In business consulting, you just have to follow where your passion and expertise lie and you are sure to give sound and reliable business counsel. But if you are still baffled as to what to do or where to start because you might have two or more areas of expertise and you want to be sure which is the best choice, here are some of the most popular and in demand business consulting services.

    1. Computer consulting.

    This is one of the, if not the topmost, in demand business consulting service because a lot of high-ranking executive officers are not very adept
    with computer technology.

    It is usually the younger generation who have the knack and strong interest in following and learning new trends and updates in the high maintenance world of computer technology.

    So, more often than not, executives leave the nitty-gritty of high-tech computing to computer consultants. They’d rather not be bothered or wasting their time, learning the ever-changing and dynamic computer world so they think it the best option to just hire somebody expert on the field.  There is computer consulting specific to a whole range of industries meaning you can find consulting services to support exactly what you do, such as getting it consulting to immigration law firms or private healthcare facilities for example.

    1. Business Starts.

    This is another in demand for young and neophyte entrepreneurs. The world’s young urban professionals are turning into business entrepreneurs these days.

    More and more young people are realising that earning and making it big is in starting their own business and not just relying on their monthly salary.

    This young generation is sometimes over eager in starting a business that they tend to make big mistakes. This is where business consultants enter the picture.

    Consultants who are experienced in turning a small business endeavour into an income generating machine, helping the new entrepreneur learn everything about running a business.

    1. Human Resources.

    This department is the most important division of every company and yet the most taken for granted. Human resources department plays a very crucial role in every company. It is the heart of the company.

    The happiness and contentment of employees lie in good management of the labor force. There are companies that do not even have this department. Well, at least not in the real essence of the profession anyway.

    Most companies only have administrative department and that is not the same as human resource management. So what executives do is hire human resources expert from time to time to sort out HR related problems.
    Sometimes, this is even get better results as the temporarily hired Human Relations consultant can provide objective and unprejudiced analysis of the
    labor relations problem.

    1. Project Management Consulting.

    This one is also fast-becoming famous with companies that creates several projects on a regular basis. From time to time, they hire interim officers to head a particular project and retain them until the project team can already stand up and run on their own.

    1. Business Communications Consultant.

    This consultancy covers both written and oral communications, as well as proper etiquette and practices of communications.

    Majority of every company’s workforce does not communicate well, especially in the universal language-English. And they find it even harder to put communications in writing.

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