Posted on: 30 October 2017
An in-depth guide to starting a management consultancy business
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 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.
Premier BusinessCare 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.
The business guide covers:
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)
Marketing
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
- Public speaking
Getting Paid
Doing your accounts is 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 managments 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
Insurance
Taking out the right insurance for your management consultancy business is crucial.
Download the guide
Compare business insurance
More business start-up guides
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 Knowledge Centre.