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How to Start a Consulting Business

If you have valuable insight and expertise you want to share, then starting a consulting business is a great way to monetize your strategic approach, skills and experience.

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Business Startup Guides

    Types of Consulting Business

    Consulting is the practice of giving expert advice to others, normally in business, financial or technical areas. Clearly that’s a broad definition, so let’s narrow it down a little. Common types of consulting include:


    Business Process Improvement

    Examining how a business currently operates and making recommendations to improve efficiency and effectiveness


    HR and Culture

    Working with HR and leadership to deliver changes in attitude, morale and culture throughout a business


    Organization Change

    Examining the operational and staffing structure of a business and optimizing it for size and business functions


    Leadership Coaching

    Working with C-suite and other senior managers to enhance leadership skills and approaches


    Strategy Planning

    Helping to develop strategies for businesses to grow or react to changing environments, regulations and compliance


    Technology, Hardware and Software

    Providing insight into the technologies and approaches best suited to delivering business outcomes


    Branding and Public Relations

    Managing how a brand or individuals are perceived by customers and in the wider marketplace


    Financial Management

    Helping a business optimize its cash flow, costs, profit margins and operations to maximize revenue and minimize expenses


    Legal Consulting

    Giving insight into likely legal issues, challenges and strategy for new initiatives or business changes

    Right Business Structure

    Set Up and Maintain Your Consulting Business

    Once you've legally created your consulting business, you’ll need to get some other things in place.

    Finances and Taxes

    What kind of bank account will you get? Will you need a business credit card? And how will you pay your business taxes? These are all important things to consider so your consulting business stays in the green. Here at Bizee we can even help you file your taxes.


    Do you need to build a website? Should you have a logo designed professionally? Will you need business cards? Consultants rely on projecting an extremely professional persona. It is definitely worth getting high-class personal branding together with a website, logo and business cards.

    Permits and Licences

    Running a consulting business comes with certain rules, regulations and legalities you need to be aware of. Bizee can conduct a Business License Research package for you, or you can take the time to do the research yourself.


    Do you need to hire employees to help you out? Initially you will likely be a “one-man band,” but later on you may want to hire other consultants or administrators who can help free up your time for billable work.


    What business processes are you going to use to run your business efficiently and effectively? Since you will likely be advising on processes in other businesses, getting your own processes and methods setup as well as possible will definitely make things easier. In particular, you should focus on your research, note-taking, measurement and analysis capabilities.

    Business Maintenance

    Most states require businesses to file an annual report once a year. You will also be expected to pay estimated taxes on what you plan to earn in the current business year. And, your federal, state, regional and city business licenses and permits may need to be renewed on a regular basis, typically once a year.


    What equipment do you need to manage your consulting business? Will you need a laptop, computer, smartphone or tablet? What about transportation or specialized equipment? Make sure you understand exactly what you need to spend so you can write it off against business expenses. Most consultants will likely just require a computer, smartphone and transportation to their client’s business to begin with.

    Business Location

    Where are you going to run your business from? Will you work from home, get an office, use a shared working space or something else? Most consultants will likely start by working from home. As you get more recognized, you may want to use external offices for client meetups.

    The Complete "Start Your Business" Checklist

    A Clear and Comprehensive Guide to Starting Your Business the Right Way

    Social Media Groups for Your Consulting Business

    Connecting with other business owners in your industry can be incredibly helpful. Here are some of the best social media groups:

    Discussion Groups and Forums for Your Consulting Business

    There are plenty of forums and online discussion groups for consulting businesses. Start with these:

    Useful Online Tools for Your Consulting Business

    Here are some really great online tools for managing your consulting business. They will reduce the time you spend on administration, help you to collaborate with others and free up your time to grow and manage your new venture.

    Project Management


    Marketing Automation

    Customer Relationship Management (CRM)

    Customer Support

    Human Resources

    Website Development

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    If you have experience and insight into a particular industry, sector, or niche, then consulting could be a viable business option for you. Combine your experience with an innovative approach, strong skills and proven results, and you will be off to a great start in your new career as a consultant.