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4 Tips to Start Up a Home-Based Consultancy

 

When considering the types of business that you can start up to make a profit, consultancy businesses are a great option as they are both in high demand and can be tailored towards any niche that you decide is suitable. In this article, we will determine some of the key steps that you need to take in terms of growing your consultancy and ensuring that you have the skills that you need to succeed.

 

1.   Get the Right Training

The right training is vital if you are going to give your clients a comprehensive and beneficial experience through which they can improve their own businesses. The best way to do this is to take a qualification through which you can learn about your niche and the best consultancy practices. Many consultants will opt for consultancy MBAs to ensure that they have all of the practical skills that they need. However, once you have decided on your chosen niche for your business, for example, you may want to take a course that specializes in that specific industry.

For instance, Lean Six Sigma Green Belt qualifications provided by Global Six Sigma allow students to gain an understanding of the lean processes that they need for many industries, including logistics, transportation, and finance, in order to become a Six Sigma consultant.

 

2.   Hone Your Skills

It is also important when considering becoming a business consultant that you are able to hone your skills in a business environment. For instance, you may consider working at a consultancy agency before you set up your own business to ensure that you have the specific skills that you need in addition to knowledge about your chosen practice. This will also enable you to create a portfolio that can help to present your level of skills to potential clients who may be interested in your work.

 

3.   Consider US Legalities

However, when setting up a business of any type in the US, it is important to think about the legalities of this. This includes the ability to apply for business insurance for your company, determining your business structure, and applying for an Employer Identification Number if need be. This will then help you when it comes to paying business taxes at the end of the financial year.

 

4.   Advertise Your Services

The next step that you should take is to advertise your consulting services. One way to do this is to build up business to business connections through networking events, as well as using business social media platforms such as LinkedIn. Finding a mentor at these events may also enable you to be introduced to entrepreneurs through their contacts who could become potential clients in the future. You should also advertise your consultancy by creating a niche website which can share all of your consultancy’s information online, and which you can post the link to online, such as on social media, and use SEO to ensure that this is seen by as many people as possible.

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