In this guide, I’ll be providing you with everything you need to start your own profitable consulting business: The framework we will cover today is the exact framework I used to grow my own consulting business to $20 million in revenue in just four years, and become a Forbes 30 Under 30 Entrepreneur. I no longer had my destiny controlled by someone else. If lengthy reads aren’t your thing, click below to watch our video training instead) I believe that a consulting business is unquestionably the best type of business you can launch. They think you need to have staff and the ability to make in-person appointments with big businesses.
More importantly, the methods we will discuss today allowed me to completely change my life. I was finally able to grab the steering wheel in my life and career, and that’s the main thing I hope to leave you with today. Sometimes they think that consulting is only for enterprise businesses: stuff like supply chain management, management, IT, HR and other really formal, stale business things. In reality, the definition of consulting is really simple. The more important the problem being solved, the more people are willing to pay to have it solved.
This gives a very clear understanding of all the internal and external issues that can affect the success of the business.
A holistic analysis of the finances of the business to inform on what it will cost to operate the business, how much money the business is likely to make, how much funding the business will need, how much it will cost to produce, how many units need to be sold etc.
Often, the value you provide will come from personal experience.
If you’ve “been there, done that”, it’s very easy to help people follow in your footsteps. But there is zero chance they are better at helping people lose weight than someone whose career is focused on that specific area of expertise.
Your goal is find a specific, significant challenge that people are ALREADY facing and then become an expert at helping them overcome that challenge.
And as long as there are people wanting to solve that problem, there will be a lucrative demand for your services.
With consulting, you can call someone, sell your service, and immediately collect payment. Just check out our reviews database and watch some of these videos. This is especially true in the consulting industry.
When you are good at what you do, you get to watch your clients succeed time and time again... As I mentioned earlier, you don’t actually need special credentials, a fancy office, a posh suit, or a professional consulting business plan. The truth is that you only need four things to start your consulting business and quickly grow it to six figures and beyond.