Small Business Consulting Opportunities – Be Your Own Boss

Small Business Consulting Opportunities Are Endless

In reality, anyone can become a consultant. Small business consulting opportunities today are endless. If you have an area that you are extremely knowledgeable in and you have the drive and passion for excellence, you could become a consultant.

Many of the small business consulting opportunities do not require any special training. For example, if you are really good with computers, the software they use and network security, you could become an IT business consultant. Perhaps you are very creative and knowledgeable when it comes to marketing. You know how to take a product and make it sell. You could become a marketing consultant.

There are a few things you should keep in mind when browsing the small business consulting opportunities available. The first thing to consider is the qualifications that are needed. Is the area you are considering something you could call yourself an expert in? Are you familiar with the current information that is needed? For instance, when it comes to becoming an IT consultant, you would need to be knowledgeable with all of the current computer information. Technology is constantly changing and you have to know all of the up-to-date information. Another thing you need to check on is if there are any special certifications or licenses that are needed. While some companies may not require you to have a degree in a certain area, they may require you to be certified. Organization is another key factor when researching the small business consulting opportunities. You need to make sure that you are able to handle time management and be prepared when you enter into a situation.

Small business consulting opportunities are readily available to those people who are critical thinkers. A consultant is known as a problem solver and in order to solve issues effectively and efficiently, a person has to be able to demonstrate problem solving. A consultant works side by side with the business, therefore communication is important. A successful consultant must have excellent communication skills. They also need to have leadership skills. A consultant has to lead a company to success, and in order to do this, they have to lead. When a consultant comes into a company, the people there are relying on them to take their company to the top. The consultant has to take the lead and run with it, take control of the situation.

With so many small business consulting opportunities in many different areas, pricing is very important. A consultant needs to know how to set an hourly rate if their services are used by the hour. If a company uses them on a day to day basis, then the consultant needs to know how the prices for daily rates. Some companies will need a consultant to help with projects. If this is the case, a consultant needs to know how to bill their client by the project. When a company uses a consultant on a monthly basis, then the consultant would charge a monthly retainer. A small business consultant usually makes a substantial amount of money and pricing is the key element into turning those small business consulting opportunities into a success. Many consultants will require their client to pay a deposit beforehand. There will be occasions where the consultant will pay for expenses out of their own pocket. It is important for them to know how to get reimbursement from the company they are working with.

There are many areas of business, making the small business consulting opportunities endless. A great consultant has to have knowledge, passion, and understanding. There are thousands of people who have knowledge that they didn’t even know existed. Once they tap into that knowledge, educate themselves even further and put that knowledge to use by helping others, they are considered a consultant. A business consultant is the most sought after because there are companies developing all over the world.

One of the best small business consulting opportunities is being your own boss. You can set your own hours and pay, which makes you the boss. Of course you have to work certain hours, especially when helping a company with a project, but you basically are in control of that also. You just have to determine when the project needs to be done and how many hours it will take you to complete it. In reality, you have the most control over your work schedule when you become a consultant. You set the prices you are to be paid, and if you are an expert in a certain area, it is up to you to make sure your prices are set to what your time is worth. You are in complete control!

If you would like to know more about small business consulting opportunities, you can click the link below to find out more information.

Business Consultants Compared – What Makes Firms Different?

When inviting a business consulting firm to get to know your business and its weaknesses, it is a delicate dance to find the best corporate qualifications, experience, and ability to navigate the inevitable invisible issues that will come up. It is also important to make sure your own corporate culture and on-going business do not get lost in the process.

In the marketplace of Business Management Consulting or Management Consulting, competitors generally fall into just a few categories:

-Sole proprietor consultants, who are generally niched and geographically based

-Larger consulting firms, who have multi-niched teams and the ability to reach out to other cities or regions

-Small consulting firms, regionally based and team oriented

Sole Proprietors: Personal Touch

Smaller and sole proprietor consultant competitors, like Jannelle Buzzell, Jim Grew, Will Moore, Mannus O’Donnell and others, get to know the client and their needs very personally. They start from exceptional business acumen, and make sure to create buy-in within the company. The client company is trusted to know their core business and its people very, very well. There is often not a pre-conceived corporate formula other than profitability, efficiency, and better managerial controls through feedback. To these folks, it is common to receive a fearful call where a business owner shares that they ‘aren’t even sure what the problem is or where it started’.

Large Consulting Firms: depth and breadth

Larger competitors, like Boly Welch Consulting, CBS Consulting, Georgia S. May, Point B and PeopleFirm, all offer fresh eyes, strong business acumen, and an understanding that all business evolution comes from the people within the firm. To make any consulting project stick, it has to come from within, which starts from leadership. Once leadership has aligned the goals and strategies, the consulting firm assists in rolling out change. This change management happens from setting measurable goals, checking in with ROI, and staying in regular touch with the feedback loop.

Small Consulting Firms: Personal touch and depth

What makes the smaller consultancy different is the unique blend of these styles. With a small firm, you are likely to meet the owner, but not work with them regularly. You will have a small, personal team, but enough distance to call their supervisor if necessary. A small firm has 8-30 employees, and is generally based in a single city office. Conversely, the consulting firm is big enough to have scheduling and launching flexibility more like a larger consultancy. Small consulting firms cannot do everything involved for a larger project, so they are forced to rely on (and train) the employee team. This strategy keeps the consulting team in alignment with owners, in order to organize which work is done by which team. Smaller consulting teams do not take over a floor of your building and set up shop. It is necessary to work along side the employee team constantly in order to on board change at a pace owners and employees can handle.

How Much Do They Cost?

When we compare business to business consulting, price is an unavoidable topic. If you don’t care how much the consulting firm costs, you are not in the market. Clients care, even if they aren’t sure they can afford it (or have plenty of money to afford it). Small firm prices lie in the middle, just as you might expect. Many sole proprietors charge a lower rate, especially if they aren’t busy. However, if they are busy, they simply cannot take the work, or quickly bump up to the rates of larger firms. Larger firms have additional overhead for travel, benched employees and significant benefit packages at all levels. These higher prices are significant and consistent. With a smaller firm, you are unlikely to receive enormous perks as a part of your purchase. They focus on the work done, and building the relationship on the job.

In general terms, a client can expect:

Team Size Typical Hourly Rate

Sole Proprietor 1 $40-$150

Small Firm 2-30 $75-300

Large Firm 30+ $200-750+

These rates are a generalized survey in Portland, OR, based on surveys of a small handful of varying small and medium businesses.

Conclusion

When you are considering outside consulting for your operations, spend some time considering the depth and breadth of the project, the budget you expect, and then consider requesting proposals or conversations from varying firms. Some projects are clearly one size or another, but medium scale projects that can take some time to evolve are a likely fit for a blended small consulting firm. If you go that route, you will save significant money and train your staff along the way.

Can a Business Consultant Make a Difference in Your Company’s Success?

A business consultant has many roles and can help an old company re-new itself and find itself again; help founders start and develop a new venture or project; help to turn around a company fraught with problems; help a company identify new opportunities and markets; or help a company develop a business success plan.

A good business consultant has experience working in and with a broad range of businesses. An experienced business consultant has broad and narrow stroke experience and typically, twenty years or more of accumulated business experience. Having an MBA from a good business school isn’t enough. The consultant must have solid real world experience with many types of companies to be an effective consultant.

So what does a business consultant do? First and foremost, a consultant gets to know and understand your business. As the business owner, you know more about your business than anyone else. For this reason, a good business consultant will take the time to learn from you, your department heads and key employees the ins and outs of your business.

The consultant then goes to work identifying problems and opportunities. Those may be certain problems and opportunities you point out to the consultant, but also a good consultant will have a process to identify problems and opportunities which a business owner has not identified. A consultant brings fresh eyes, fresh experience and an open mind to your business enterprise, providing a completely different perspective than that of someone who has been running the company for some time or someone looking to start a new venture.

A business consultant will then analyze this gathered information in order to provide solid solutions and plans for the future. Often business ownership is so focused on working “in” the business that short term and long term outlooks and strategies are overlooked and neglected. The consultant re-focuses a company’s strategies in order to solve immediate problems, while taking advantage of future opportunities. Steps taken in a good consulting process include: learn about the business; identify problems; identify future opportunities; perform analysis; provide solutions through a concrete plan; listen to feedback and adjust the plan; and implement and track the plan.

The consultant considers all company input to develop a business plan that will be effective. The consultant listens to the opinions of the company’s advisors (accountants, lawyers, bankers and other advisers). The consultant can use Delphi sessions and red teams which contain industry experts and competitive viewpoints. The consultant also listens carefully to the view points of the company’s ownership, founders, board, top management and key employees. A final business plan is agreed upon and signed off on by the company with the consultant helping to implement, track and re-work the plan as necessary over time.

When an entrepreneur is thinking about starting up a new business, a business consultant can apply a start-up analysis to determine if it is a feasible opportunity, which includes: analyze and evaluate the opportunity; develop a business strategy and model; resource audit; acquiring and leveraging needed resources; venture deployment; and getting and distributing value.

When considering an existing business acquisition, a business consultant can employ an business analysis, such as: products and services analysis; management team appraisal; operational analysis; market position; competitive factors; SWOT analysis; analyze financials; valuations; and risk assessment.

A business consultant’s derived value pays for itself. What you pay in fees for a good consultant will pale in comparison to the profitability the consultant’s strategies will create. A business consultant is an investment in the future success of your company.