What You Need to Know To Become A Business Consultant

Jan 9, 2019 · 8 minutes to read

Business consultant consults with a client at the office

Do you want to pursue a career helping others hone their skills and achieve success in their own startups? Do you have a passion for guiding people towards success in their chosen fields by helping them understand how to create and run their own firms? If this is the case, then you should be thinking of starting a consulting business. Before you can start setting up your firm, the first step is for you to do some groundwork about how to become a business consultant. You also need to invest thought and attention to understanding what the job involves and this can be done by fully comprehending the business consultant definition.

How to Become a Business Consultant

Before we get any further, let’s clearly understand this: What does a business consultant do, exactly? You already saw a broad-based definition of this earlier- a business consultant helps other businesses grow. But how exactly does he do that and what kind of inputs does he give?

When a firm hires business consulting services, they do so with certain expectations. The consultant will take the onus of doing the following:

  • Analyze the business’s problems and identify its vulnerabilities
  • Sketch plans for the improvement of the business in different ways
  • Offer a 100% objective, bird’s eye view of the business and its operations
  • Educate the business owner about the best practices followed by other businesses in the same niche
  • Give expert advice and recommendations about organizational changes, if required
  • Give guidance about improving efficiencies within the business
  • Help identify/ design effective marketing strategies
  • Develop a viable business plan and much more…

In effect, a business consultant is an ally for the business owner, who works with him on various fronts, be it planning or strategy or problem-solving to help his business perform optimally or exceed previous performance levels.

Now that you have a good idea of what you will be required to do as a business consultant, you can see that to succeed in this line, you need to have a systematic approach to your affairs, set up a business that is geared to handle the myriad challenges that businesses might face in various niches, by coming up with innovative, effective ideas that will help them address such issues. A systematic approach will help you immensely in starting up your consulting firm and this starting a consulting business checklist is a very good starting point for you.

Let’s further explore different business consultant type

A good understanding of what kind of business you plan to set up helps you take the right decisions here. Keep in mind there are different types of business consultants, and you need to take a call on which area you want to be in before you get any further. You already saw the answer to the question: what does a business consultant do? Now let’s explore further and understand what different kinds of opportunities you can have in this arena.

Types of business consultants

1. Management consultants

You will give the business owner insight into his marketplace, educate him about best practices followed therein and help with expansion plans, giving both advice and ideas to implement in this respect. You offer insight about takeovers, mergers, and acquisitions and give inputs about overall strategy. Get Insurance for Management Consultants

2. IT Consulting

Small businesses can compete with much bigger competitors by leveraging technology in the right way, but many business owners may not have the expertise to do so. An IT consultant steps in to help the business owner understand what kind of technology to use, learn about new technologies that can help and also to help them set it up in the business.

Operations consultants: You help the business improve operational efficiency by studying their productions processes, identifying flaws and strengths and helping them address the former and leverage the latter. You may also offer quality control inputs, ensure that the business improves its operational efficiencies overall, delivering better value to customers at a lower cost to itself.

3. Marketing consultant

You help the business build its reputation in the marketplace, reach a wider audience and expand its market share by enhancing its marketing strategies and developing more efficient ones. You may recommend and help implement new marketing tools and techniques to improve the business’s reach, help them understand their competitor’s marketing strategies fully and match up to those.

4. HR consultant

A business is only as strong as its team, and an HR consultant helps a business develop, hire, groom the best possible team to achieve better outcomes. By evaluating employee satisfaction, identifying ways to improve it and by keeping attrition rates down, the HR consultant helps the business get the best out of its employees.

Starting a consulting business checklist

Identify your specialization- As you already saw, there are different types of business consultancy that you can take up. When you choose the line you want to pursue, keep in mind not just your qualifications but also your interest and your aptitude for the line of work. By picking up a line that you are passionate about, you make work exciting and interesting for yourself. If you haven’t had experience in this area, you should look at gaining work experience in this area and perhaps investigate a relevant degree.

1. Get certified for your field of interest

Your qualifications and certifications show new clients that you know what you are talking about and help build confidence in your abilities. Explore about the certifications that are valued in a business consultant in your specific niche and make sure you have those before you start your business.

2. Decide your work style, schedule, and preferences

Do you want to have a traditional office set up or a work from home style office? Either is a good option depending on your lifestyle, financial state, and your preferences. If it is work from home office for you, then keep in mind that setting aside space for a compact professional set up/office, however small, is the smart thing to do since you will have clients coming in to meet you.

3. How much do you want to charge and other payment-related concerns

A standardized pricing scale makes it easy for you to talk to your customers, explain your services and what they should expect when they sign up for a package with you. It also prevents confusion about who should pay you what for services rendered and makes your accounting hassle-free and transparent, which is a big convenience at tax time.

4. Target a specific market

Target a niche about which you have a great deal of knowledge. Knowing how things work, what does not work, what challenges exist in the niche, what businesses are doing there helps you give the right kind of advice to your clients. With a focus on one specific market, you can specialize and lay a solid foundation of expertise.

5. Create a marketing plan

You have to market your business so that business owners know about your existence and your expertise. Design a well-defined plan on how you propose to do this and follow the plan meticulously so that you canvass the marketplace thoroughly.

6. Create a financial plan

A financial plan to chalk out your spending helps you optimally use the capital invested in your business. It also gears you for absorbing losses and demand slumps with no compromise on service quality and no uncertainty about the continuation of your business.

7. Get yourself insured

Significant risk is inherent in any business that is, and the only way to address it is by taking out the right kind of insurance to cover all your bases. Here is a quick primer on insuring your business consulting firm.

8. Set up your operations

Now you are ready to start. Set up operations by putting all systems in place, hiring the right people, getting your clients and your business is launched and ready to go.

9. Start networking and promoting yourself

Create and maintain relationships with people in your niche and outside to spread the word about your business and to keep yourself updated with the knowledge that will help you deliver better solutions to clients. An ongoing process, networking and marketing yourself and your business should always be a priority item for you.

If business consulting is the line you want to pursue, now you know how to go about it. Follow these steps to start your business and keep it functioning with efficiency.

Get Free Online Quotes and get coverage instantly

The coverage you need for your business.

Business insurance is divided into different policies. We offer 4 types so it's easy to design the coverage that fits your business.

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Get a quote

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Get a quote

BizInsure has really come through for me on some really hard to place risks. Andrew takes the time to understand the risk and work through how we can make it work, rather than looking for ways to say no. Thank you for your help!
Carlos T.
18:06 16 Mar 23
Very helpful and explanatory on the policy line of the policy
Josua V.
17:30 14 Mar 23
Worked with Tevin. Amazing customer service. Was very patient with me in figuring out the best insurance coverage for business. Thanks Tevin for making it easy.
Faisal O.
16:23 14 Mar 23
No complaints, Always a fast response when a need arises.
Dan F.
13:56 10 Mar 23
Very good information patience was shown. Much help from Kaled, satisfied with the amount of insurance and good coverage. Affordable is what you need with starting a small business until you grow. Old saying is go as you grow.
Jacquelynn W.
21:53 20 Jan 23
Professionals at what they do! easy to navigate and very good people to lead to to the best coverage!
Magnifier 2.
20:37 17 Jan 23
I have been shopping for business liability insurance for several months. I am happy to share that BizInsure ranked #1! The representatives were polite, patient, and empathetic. They accomplished what most companies struggle with achieving: they did what they said they were going to do, they were on time, and they had empathy. They delivered a policy for 25% less than the closest competetor, and even included $50k of cyber security at no additional cost! I only write reviews when I receive exceptional experiences- highly revommended; keep up the great service BizInsure!P.S. I own a professional referral service in Hawai'i and I am going to see if BizInsure offers an affiliate program.Aloha!
John S.
05:51 23 Nov 22
They respond quickly and give you quotes immediately ...
Regean K.
23:55 09 Nov 22
The agent that I spoke to was very experienced and could tell that I was new at this and was very understanding and took the time to explain everything to me.
lotanga J.
00:04 15 Oct 22
Easy to work with and very responsive. Glad to have them as my broker.
Edward G.
18:54 13 Sep 22
We’re very happy with BiInsured LLC. VERY AFFORDABLE
Paul A. F.
19:20 11 Sep 22
Jasmine Q was on the spot professional, she knew where to direct me and explain to me my concerns and request; she delivered my personal information within minutes of me asking policy questions.That young lady is a true ROCK STAT!!!
Shaka 3 Z.
23:09 15 Aug 22
For a small non-profit, the package I was given was affordable. The representative was polite, patient, understanding, and knowledgeable.
Gertrude R.
18:06 15 Aug 22
Asked for a specific venue to be place on our certificate of insurance and it was done within one business day. Yay! Bizinsure!
Melinda S.
17:02 01 Aug 22
The process was fast and easy and the professional staff was very knowledgeable with any questions that I had and ready to help
06:40 31 Mar 22
Friendly agents. Timely replies. Fair pricing. This is a good fit for my business! Thank you, Noah, for all your help.
Beth Anne V.
19:27 28 Mar 22
They are awesome
Tony H.
00:41 07 Jan 22
Noa made sure I had all the information I needed for a first time business owner . He helped me understand what I needed to secure a quality policy and he was super helpful when explaining how the policy would serve its purpose to my company. I was very satisfied and had an Awesome experience, I think people like that make the company look good!
Wayleen O.
04:36 15 Oct 21
I was in need of WC, GL and PL coverages for my business and was able to shop, discuss, confirm and purchase all the coverages in two days! This was a great experience, especially when "Time is Money". Noah Bowman was very professional and knowledgeable. Thanks!
AmeriCreed 1.
15:42 23 Sep 21
19:49 09 Sep 21
Their representative clearly explained different kinds of policies to help me select the one appropriate for my needs and then helped me enroll by phone painlessly. By the end of the call, I had a policy in place.
Dissent D.
22:21 02 Sep 21
Eugene was Awesome!!!!
Lakesha G
17:19 21 Jul 21
Excellent solution for writers and authors professional liability policy as well as coverage for copyright and trademark infringement. Service was prompt and excellent.
18:22 22 Jun 21
Done in less than an hour!
William O.
00:30 02 Jun 21
Efficient, and great value. The agent was able to give us a quote and a new policy in a short period of time. Thank you
Brenda J.
20:30 24 May 21
I had a great experiencing obtaining several of my insurance needs as a landscaping company here in Northern Colorado. BizInsure's team took care of my needs and was very responsive to help with paperwork needed to secure a potential client account!
Arik S.
16:34 10 May 21
Very efficient they were able to help me out with my request promptly....highly recommend this companyI am very happy to have them
Elba P.
18:50 26 Apr 21
I need a help getting errors and omissions insurance along with general liability. Jose was very friendly informative and was very patient with me during the process. He found me some of the best rates for the coverage that I needed. Highly recommend
Casper M.
19:51 20 Apr 21
I had numerous conversations with several business insurance agents over a month's time. I also had several conversations confirming the policy inclusion/exclusions and asked many questions. My BizInsure agent was professional, knowledgeable and most important—detail oriented. Even after having an initial conversation a month earlier he knew and *remembered* all my personal/professional insurance needs. When I asked for additional information on the third call he was able to provide me with details very quickly. He was also VERY patient. That is a big plus in my opinion. It illustrated a high level of respect for my needs. I also found when I called back and asked to talk with the initial agent, the person who answered the call was able to get in contact quickly and my agent responded and returned the call within 5-10 minutes. The transaction was smooth, and I think it's a good sign should I ever need to make a claim. I highly recommend BizInsure.
Poetic F.
21:00 07 Apr 21
The rep was extremely helpful actually lowered my quote and made sure I was covered to fit my needs with my growing business! 5star!!
Franklin B.
19:04 16 Mar 21
Excellent service and prices.
Cassiopée V L.
23:13 09 Mar 21
Mr. Daniel Scott was very responsive to my professional needs.
Stephanie W.
17:38 18 Feb 21
Eugene deserves a raise! First time purchasing insurance and he made the process so simple for me. His patience and attention to detail left me feeling confident in my decision to choose BizInsure. Gracias Eugene!
Esined P.
23:32 17 Feb 21
The customer service provided by Jose was outstanding. He explained everything in a very clear/logical way and answered all of my questions. After providing all the information to obtain general liability insurance, Jose sent me the declaration page of the insurance for review. All of the information matched what I provided over the phone and there were no typos. The next day I called back to purchase the insurance which was easy and fast. Overall, my experience with BizInsure including the customer service by Jose exceeded my expectations.
Joe W.
03:29 12 Dec 20
Hiscox/BizInsure made getting Liability Insurance very easy and reasonable.I expected it to be a long and complicated process and it was a nice surprise that they made it so uncomplicated. Thank you. Lisa
Lisa W.
21:51 24 Nov 20
Eugene was incredible. I called 4 other brokers before him who were impossible to get any help.
rhonda H.
23:26 12 Nov 20
Very quick to get in touch with you and good with follow up. Had some trouble retrieving my quote to log into my account initially but Daniel assisted me and the changes were made to get me into my account. Great value for the money.
Fran S.
16:34 20 Sep 20
Very happy to be insured with this company. Professional, Timely, very helpful. Thank you Juan, you made it so much easier for me to understand.
Aileen D.
19:55 15 Sep 20
This company responded when I needed them to respond while facing a deadline. They are an excellent choice for business Insurance.
Michele H.
01:52 12 Sep 20
Jose Quintero took such great care of me and was very patient explained everything I did not understand and got me set up quickly. Fabulous customer service
Christina R.
02:41 27 Aug 20
I can't say enough good things about Daniel Santos kind and effective communication skills as an insurance agent. Daniel was so pleasant, friendly and efficient with helping me obtain insurance as a teacher. If I were to give Daniel a grade, he has earned an At . He made the process easy to understand, it was far easier than what I anticipated. Nancy S.
Nancy S.
00:47 26 Aug 20
I was in need of professional liability insurance for my sole proprietorship. A friend referred me. Everythng was quick and simple and AFFORDABLE!
hope J.
20:31 25 Aug 20
If you need Private Home Care Provider insurance for your company, BizInsure, LLC can get it for you!
Pamela C.
16:45 24 Aug 20
Great and fast service!!!! The representative was very professional!!!!
Tanya S.
19:51 14 Jul 20
I was tryi9ng to find commercial liability insurance for my new comp-any and BizInsure was easy to use and very affordable which is great for me as a new business.
Jimmy S.
19:01 14 Jul 20
Great service insurance prices are great for professionals looking to get insurance for businesses....
Rhonda G.
22:34 22 Jun 20
The provided very professional service and made the process easy.
Paul R.
21:51 04 Jun 20
Bradley Hoyle from the Biz Insure team was excellent to work with. Everything was quick and smooth. Great service, much appreciated!
Kristene S.
02:03 04 Jun 20
Anthony Spencer was great!! Very quick response time!! He was very Professional! I would suggest him because he helped me find a affordable rate and explained all the technicalities..
Fre H.
16:38 28 May 20
I was referred to Bizinsure by a industry trade group that I am a member of. It was easy to get a quote online and then received excellent customer service from Bradley H. to complete my policy purchase over the phone. I have shared this company information now with other business owners for their policy needs.
Dawn T.
22:11 08 May 20
This company was very precise with explaining services and made sure I chose the right business insurance coverage, great customer service at purchasing.
Nekeisha B.
01:30 05 May 20
Jasmine Q
14:31 02 Dec 19
Trish is the most patient, professional and understanding insurance agent I’ve ever worked with. Trish has taken care of all my business insurance needs for the last couple years. I am really happy that I found an insurance agent that I know will take care of me & all of my concerns. I feel like a valued customer & I appreciate the great customer service that I get every time!!THANK YOU!
Dr. Youssef C. A.
17:21 14 Nov 18
Tricia helped me get insurance for my business. The task of obtaining a quote was really starting to frustrate me until I was referred to BizInsure through a different agency. Tricia got me a quote fast, and even took a down payment over the phone and issued the proof of insurance the same day. a+ service, would do it again in a heartbeat!! Thank you!!
Josh M.
18:07 22 Jun 18
BizInsure was a great find! I did not have to fill out applications, and Tricia was able to quote and bind business insurance for me within half an hour.
Allison Y.
17:28 21 Jun 18
Started doing business again and needed a policy fast. Ramez was reasonable, helpful and the rates are OK. Buyer beware? Sure, for me it turned out OK this time. Worth a call.
Mark W.
23:42 13 Nov 17
Great customer service. I've been very inpressed with my dedicated representative that had helped me navegate my insurence needs. Thanks so much!
Graham B.
22:12 23 Jun 17

Popular Searches

Google Rating
Based on 89 reviews