How to Read Consulting Business Startup Success: Capitalize on the New Trends & Niches of Today’s Consulting Business - Million Dollar Startup Solution Kindle
Consulting Business Startup SuccessCapitalize on the New Trends & Niches of Today’s Consulting BusinessMillion Dollar Startup SolutionIn 2015 US Census Bureau estimated the consulting industry to be worth around 600 Billion dollars. That’s Billion with a B. Since 2000 this is one industry that has seen a constant growth year over year.This is the newest trend in business. The business world has gotten smarter, slimmer, and meaner. Instead of employing more people, they now rely heavily on hiring consultants.Hiring a consultant is easier, it is a contract job, and these consultants are not on the company’s payroll, there is no benefits, no 401K plans, and no health insurance for them. So companies have fewer expenses and less legacy cost.Let’s now talk about what it takes to be a consultant. Do you need a Ph.D. on a subject to be a consultant? Sure that will help, but most of us do not have such degrees. In reality, 75% or more professional consultants out in the workforce today do not have more than a Bachelor’s degree. Out of that 75 % around 20% do not even have a Bachelor’s degree.Being a consultant is not about having a degree but it is about being knowledgeable on a specific subject.I have a friend, who worked for a solar panel maker for a few years. He recently started his own solar conversion consulting company where he is doing very well. The best part is, he never went to college.If you wonder, why and how this is possible, think about it, by working at a solar panel-making company, he had plenty of exposure to everything solar. Now as a consultant, he is consulting companies on how to do a solar conversion and save energy cost. He is enjoying the fruits of Green living movement.If you are looking to be a consultant, the first thing you need to do is, soul-searching. Answer these three questions :What are you most passionate about?What topic/subject do you know the most?How can you combine your passion with your knowledge?In this book, I share the nuts and bolt of consulting. This book is written as a guide to help you decide how you can get started to become a consultant.Here is inside peek at what you will learn:Part -1Qualifications to become a consultantTypes of consultingCurrent state of consulting businessMergers and AcquisitionsEmerging marketsNew LawsNew opportunities in consulting industryIncreased segmentation and specializationsWorking in Virtual TeamsHow to find a master a niche in consultingHow to check your marketable skills and experienceFind out the demands for your skillsDetermining how much clients pay for your skillsSearching more profitable niche10 Groundbreaking new consulting niche you can do without a degreeHow to become a master in a nicheHow to become known in a nichePart -2Setting up your consulting businessLicenses, permits, registration, and regulationsSetting up a companyEIN, Bank account, and InsuranceSetting up your officeCreating presentation for clientsPreparing proposal TemplatesDesigning your price/rate structureHow to negotiate consulting contractNegotiating strategiesGetting ready for your first projectThe Welcome KitCollecting payment and paying taxesBuilding and maintaining relationships to grow your businessBonusSample Contract for Consulting BusinessSample Articles of Incorporation
