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So You Want to Be a Consultant

Here are a few things you should consider before taking the plunge.
October 25, 2010
URL: http://www.entrepreneur.com/article/218004

So you want to be your own boss. These days, more and more people are trying to find work as consultants, and it's not hard to figure out why. You can operate a consulting business from home, set your own hours and name your price (within reason).

The consulting industry has grown significantly in recent years, and with such a variety of career options available and the ease of working from a home office as a consultant, it is likely to continue its upward trend.

A successful consulting business offers companies solutions for common problems. If you offer services that are in high demand, your growth potential and chances of succeeding increase substantially. The following 10 fields are among the options available if you have ever thought about starting your own consulting business:

  1. Advertising
  2. Accounting
  3. Taxes
  4. Payroll
  5. Communications
  6. Public relations
  7. Computer/IT
  8. Headhunting
  9. Grant writing
  10. Career counseling

What You Need to Get Started

Looking Ahead

Don't be taken by surprise. In the beginning, you may be able to operate your business on your own. However, as your client base grows and you take on more projects, chances are you will need to delegate some of your responsibilities. Set goals and decide whether you should outsource to other niche consultants or start hiring employees.