Insight success The 30 Most Valuable Consulting Companies

CXO Standpoint
Tips for the
start-ups in the
Consulting Industry
usiness people have vision with some skills and
Bexpertise to run a business but with the broader
change of growth in the economic conditions or
with an unforeseen circumstances; those skills, expertise
and vision can’t meet the goals of an organization. In those
circumstances getting help from outside consultants can be
helpful or may even prove to be a necessary step to save a
business. However, the purpose behind getting a help from
those consulting firms can be different, for example some
may want to hire for a temporary assistance, others may
want to hire for specific project or can even be for
Government regulatory assistance or with respect to any
socio-economic or political change.
Once you decide to start a consultancy firm, it is always
good to know why companies now a days might want to
hire your consultancy services; what the latest trend is and
relate your skills to that. Having knowledge of a particular
subject and having specialized skills, thrive and passion for
that subject is the difference between a bad and a good
consultant.
What could these consulting firm do when they have a task
to perform? Or a problem to solve? Well, that depends upon
the task at hand and based on that the consultancy firms can
recommend, implement, provide information and facilitate
client learning, lay out a strategy for solving a
problem/issue/challenges or opportunities. You can choose
to start a consulting firm in the field of career counselling,
communications, auditing, advertising, accounting,
marketing, human resources, insurance, taxes and writing
services(in any field) or any other field which might
interests you.
So, if you now are sure of opening a consultancy firm, here
are some tips:
1. Certificates, licenses and other qualifications
requirements:
It is better to be sure beforehand about the licenses and any
other required certificates. Those licenses and certificates
depend upon the profession you choose to practice in. You
also want to make sure you have required qualifications to
get the job done. You should possess knowledge and latest
information pertaining to your field. Companies hire you
for your expertise, make sure you have that. You don’t want
to fall in trouble once your client is at from door of your
company.
2. Make it to a contract specific:
Businesses don’t want to make a longtime or a lifetime
commitments to consultancy firms as the companies also
need to change the working scenario according to the
changes in the economic climate. Make sure to adopt a
contract structure where you don’t bind yourself to a
particular company. You don’t want the same old traditional
consultancy model and you might want to change or start
with a freelancing work.
3. Have a specific task(project) based revenue model and
deliver results rather than recommendation:
You want to achieve the result by focusing on specific
project rather than getting payment on hourly bases. Focus
more on the strategy and giving outputs in the form of
solutions rather than merely giving an advice. To survive in
this competitive world, you need to deliver results in
accordance with the problems given to you. Google and
social media has transformed the social world. Any person
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| February 2017 |