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How to start your own consulting business
 

 

The Merriam-Webster dictionary defines a consultant as “One who gives professional advice or services”.

 

According to the book Start Your Own Consulting Business” Your Step-by-Step Guide to Success by Eileen Figure Sandlin there 5 important skills needed to run a successful consulting business:

 

  • Listening skills

  • Investigative skills

  • Analytical skills

  • Change skills

  • Action skills

 Some of the areas of expertise in which a consulting business can be started include:

  • Computer consulting

  • Communications

  • Publishing

  • Writing services

  • Accounting

  • Payroll management

  • Auditing

  • Advertising

  • Marketing

  • Business

  • Business writing

  • Editorial services

  • Insurance

  • Public relations

  • Communications

  • Wedding planning

 

Some of the advantages of owning a consulting business include:

  • The business can be run from home

  • Flexible hours of operation

  • Being your own boss

  • Meeting new people

  • Lower startup capital

 Some of the disadvantages of running a consulting business are:

  • Lack of job security

  • The success of the business depends on your expertise

  • No clients means no income