Business consultant meeting clients

How to start a management consultancy business on a budget

30 October 2017

Do you have a passion for problem solving? Are you keen on driving efficiencies in business and eager to be your own boss?

If this sounds like you, then this downloadable consultancy guide could help you when becoming a self-employed consultant.

Setting up on your own can seem like a huge step, that’s why we have broken up this downloadable guide into manageable chunks, allowing you to tick off each step as you set up your consultancy business.

Whether you choose to work online or rent an office, this guide talks through a range of options on how to set up your business and how to promote your services. There are also some valuable tips on deciding on your business status, guidance on networking from experienced experts in the field of consultancy and professional advice on getting the right consultants insurance.

So if you’re looking for a flexible career opportunity with minimal start up costs, becoming a management consultant could be the answer you’ve been looking for. Start your self-employed consultancy journey with the help of this downloadable guide.

Premierline help many aspiring consultants arrange their office insurance so you can have peace of mind and focus on getting your business off to a great start.

This resource has been made into a downloadble PDF for you to save, print or share. Use the download below to save this guide.
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Business status

Something you’ll need to decide relatively early on is your legal trading status.

Qualifications & Accreditations

While management consultants don’t require an official licence to trade, there are courses you can take to improve your chances of being hired.

  • The International Council of Management Consulting Institutes (ICMCI)
  • The Institute of Consulting
  • The award of Certified Management Consultant (CMC)


If you’re working on a shoestring budget, you may need to utilise your industry contacts for your first few sales.

  • Word of mouth
  • Networking
  • Linkedin
  • Public speaking

Getting Paid

Doing your accounts can be a distraction from your core business so you should make it as easy and time-efficient as possible.

  • Staying in control of you finances
  • How much does a managment consultant earn?

Setting up office

One thing to consider is where you plan to conduct your business.

  • Co-working spaces
  • Small business incubators
  • Executive office suites


Taking out the right insurance for your management consultancy business is crucial.

It is important to make sure that you have the right insurance in place to protect the business that you have built. Every business is different and has its own business insurance needs, which is why we work with some of the UK’s most well-known insurers to ensure that you are getting the right insurance cover for your business.
The information and tools contained in this guide are of a general informational nature and should not be relied upon as being suitable for any specific set of circumstances. We have used reasonable endeavours to ensure the accuracy and completeness of the contents but the information and tools do not constitute professional advice and must not be relied upon as such. To the extent permitted by law, we do not accept responsibility for any loss which may arise from reliance on the information or tools in our Insight Hub.