I am thinking about starting a business as a consultant, any advice..
i am thinking about starting a business in customer service consulting
Be sure to pay state and federal taxes quarterly. Saves you money, and you don't have to worry about coming up with a large amount cash money at a time when you potentially won't have it. Consulting is a fickle market. It takes self control and self discipline to make it big. Word of mouth will be your best advertisement!
There is a need for better customer service everywhere so I am sure it will go well . Something else you can offer as well to businesses is great travel savings
Think hard about your fee structure. Lots of people in business see how much a consultant charges per day and thinks 'wow, I wish that was my daily rate!' What they forget is that as a consultant you'll probably only work about 1 day in 4 (perhaps less in the early days) so a lot of your fee is there to cover the gaps.
Also, unless you're already well known in the business area you will need to do a lot of networking to get yourself known so be prepared to go out there and sell yourself a lot.
Finally, what is your ultimate aim for the business? Don't forget that, as a consultant, when you stop working the money stops coming in. So what you really have is a job and the sole value in the business is you. What is your end game plan?
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