It’s become a trend for people to say they are “entrepreneurs” due to the ease with which people can fake it, but there are plenty of entrepreneurs who are serious about their businesses and doing everything they can to grow. Those who want to get started as an entrepreneur may still be thinking about what business to start because there are thousands of ideas to choose from. If you’re one of these people, then keep reading because in this article we will be discussing five tips for those who want to start a consulting business this year.
5 Tips for Entrepreneurs Who Want to Start Consulting
If you want to start your own business, just realize that there’s no such thing as a consultant salary. A salary is given by a company to an employee when the work agreement is signed. As an entrepreneur who has chose to be a consultant you can forget about consultant salary and instead focus on how much money YOU would like to make for your work. So now lets list those five tips we mentioned in the introduction:
- Plan for short and long-term
- Focus on branding and marketing
- Build a business plan
- Always ask for referrals
- Take massive action
Though these tips may seem like something you would hear at a personal growth seminar they are the most vital to follow for the following reasons. If you don’t plan you won’t know where you’re going. Creating a plan with action steps and goals for what you will be doing and where you want to be in the next month, three months, and six months will allow you to create a long-term plan for the next two to three years. When creating your plan you will also have to realize and accept that business and the market are like a living organism that changes constantly and you will have to be prepared to change with it.
Focus on building a brand and be consistent with your marketing to not only attract customers, but to make them recurring customers whose first impression of your business is a professional and well-established business even if you’re not there yet. Next, learn how to build a business plan if you don’t have one already. This will not only allow you to write out your vision in a clear way, but can be a great tool to have were you to seek investment capital later on.
The fourth and fifth tip are to always ask for referrals when you finish a job to get more customers, and to take MASSIVE ACTION.
In conclusion, in this article we discussed five different tips that will help you to start your consulting business. Though we could have gotten a little deeper into more complicated tips like to keep track of your return on investment (ROI) and your profit margins, when you’re barely starting out you need to work on planning and branding so that you can have something to track. Finally we discussed why you shouldn’t worry too much about salary because if you’re serious about becoming an entrepreneur there is no limit to how much money you can make and you can set the bar for yourself.
Author Bio: Adrian Rubin is a freelance writer and climate change advocate.