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5 Tips to Launch Your Consultancy

The global consulting industry is worth more than $250 billion, so you might as well scoop out a piece of that pie for yourself. In an article for Inc., Jordan Kasteler outlines five basic tips that will allow your new consultancy to succeed:

  1. Marry your expertise and a gap: Take your expert skills and apply them in a space where sufficient help for target businesses does not yet exist. Make that your niche.
  2. Ask yourself some key questions, such as these: Do you have enough knowledge to get started now, or should you take additional training or classes first? Do you need any licenses or certifications? Are you organized enough to run a business? Do you have the people skills to forge the many relationships you will need to leverage in your business?
  3. Craft a business plan with goals: Include points like your target market, competition, price points, and goals for the first year.
  4. Set up a comfortable workspace: It will probably be at home. Alternatively, maybe you can share office space with other entrepreneurs and split your costs.
  5. Think about marketing: This one is a big, long-term experiment to determine what attracts your ideal clients.

For further thoughts, you can view the original article here: https://www.inc.com/jordan-kasteler/5-tips-for-starting-and-growing-a-consulting-busin.html

About John Friscia

John Friscia is the Editor of Computer Aid's Accelerating IT Success. He began working for Computer Aid, Inc. in 2013 and continues to provide graphic design support for AITS. He graduated summa cum laude from Shippensburg University with a B.A. in English.

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