A Consulting Business, also known as Consultancy Firm or Consultancy Agency, provides professional and expert advice to individual clients, other businesses and firms.
A consultancy can have employees anywhere between a single consultant or hundreds of them. Besides providing professional advice and guidance, a consulting company can also provide a work plan towards the solution of the problem faced by the client and collaborate with the in-house department to solve the problem.
A consultant is essential for every business nowadays be it management, engineering, information technology, design, writing and much more.
Why is Consulting Business suitable for beginners?
The consultancy business is a lucrative business as most of the time you get paid for your advice, and the best thing about this business is that it can be started from scratch with just a little bit of investment. This key feature of this business model makes it one of the best options for freshers and beginners having basic knowledge of any industry. It is important to mention that while starting a consulting business you need to make sure that you are not providing consultancy in areas where you lack expertise.
What are the prerequisites for starting Consulting Business?
The success of your consulting business is majorly affected by how well your able to sell yourself and your services.
Important soft skills to excel in this business are:
- Communication
- Client Handling
- Problem Solving
- Creativity
- Time Management
- Critical Thinking
- Project Management
- Work Ethics etc.
These skills can be developed through practice and focus.
Moreover, in this digital era it’s easy to get industry-specific knowledge without leaving your house and free of cost. Learning about the foundations of any industry can add value to your advice, make you a better consultant and help your business skyrocket.
Let’s have a look at the top 5 consulting business you can start right after graduation!
1. Social Media Consulting Business:social media marketing services
The increasing popularity of social media is affecting how businesses work. Social media platforms have also provided features to link businesses to their target customers. Not only businesses but creators, celebrities, artists, artisans and workers of every sort are using social media to build a connection with their audience and grow their business by getting new customers.
Social media consulting business is the best for freshers as you don’t need to have in-depth knowledge of any industry you’re dealing with. Just having a good grasp over social media skills and communication is needed to improve the social media presence of your clients and create a visible increase in the customers for your clients. Most small businesses and digital creators hire social media consultants to optimize their brand and get a higher reach. By getting social media marketing services, you will have professionals dedicated to planning, setting goals, and then creating a strategy that presents your business services, boosts brand visibility, and leads to increased customer retention.
2. IT Consulting Business:
In the current era of technology and digital products, it’s nearly impossible for any business to thrive without having a strong IT infrastructure. Be it a small business selling cookware it has to have a website showcasing their products and offering E-commerce features. For an IT consulting business owned by a beginner the most important and frequent client would be small businesses.
You don’t have to be an IT professional or a CS graduate to start your information technology (IT) consulting business. You can learn the required skills through free online courses or just hire an IT analyst once you start getting clients. There are many organizations that need to design, build, step-up, and fix their company’s IT infrastructure. That’s where an IT Consulting Business would come to rescue and help their clients by providing solutions to all of their IT issues.
3. Career Consulting Business:
Fresh graduates are looking for jobs but, without any prior experience and connections in the professional field, they’re unable to fit in the market. Working professionals also seek career consultancy when they want to change their career path or get a better job. In the recent crisis of corona virus and the weakening of international economy, unemployment has been a global issue.
A career consulting business would assess their clients, focus on their strength and weaknesses, help them build a portfolio, search for jobs suitable to their profile, write their resume and apply to these jobs. You can also provide job seekers with career counseling and make a road-map to acquire skills and utilize them in the best way possible to get their dream job.
4. Cafeer and Restaurant Consulting Business:
Coffee shops and cafeer are trending due to their captivating atmosphere, cozy hot beverages and beautiful interior. Besides a great spot for having a quick meet-up with friends and spending some time alone or with a book, the rise of shared working spaces for small businesses and individual workers working on their laptops for hours is contributing to the popularity of cafes. Cafeer is the german word for cafe. Cafeer is a coffee shop but it also soaps on number of snacks including sandwiches and other fast food. Cafeer can be listed somewhere between a coffee shop and a small fast food joint.
It’s easy and relaxing to sip coffee at cafeer or eating a hot meal in a restaurant but it’s a difficult task to manage the restaurant. Many food joints start well but tends to fail the test of time and eventually shutdown. The Restaurant and Cafeer Consulting Business provides expert opinion on the concept and design of the restaurant. You can also help your clients by conducting local surveys and come up with a menu that best suits the restaurant’s theme and the local customer’s taste.
A Cafeer and Restaurant consulting business can also help the restaurant function well after the launch and excel the management to meet the business objectives. You can also collaborate with the marketing team to build a network and attract customers for the cafeer. It’s tough to manage staff, keep the ambiance clean, update menu, attend customers and keep the food as tasty as it get. That’s where your consulting business would help the client and make you a profit with minimum investment. You just have to work your managerial skills and build a comprehensive actionable guide.
Related: How To Open A Restaurant In Germany
5. Beauty and Wellness Consulting Business:
Everyone wants to have a positive personal image and lead a better life. Looking beautiful and accomplishing life goals is the ultimate desire of every person. The impact of an improved personal image includes better quality of life, financial security, better mood, positive mindset, healthier lifestyle, better relationships and overall success. But it takes a lot of time, energy, effort and investment.
A beauty and wellness consulting business focus more on individual clients instead of businesses. You work closely with your client to improve their quality to life. You have to understand your client’s skin, comfort, preference, style and suggest treatments and products accordingly. It’s a customized experience for each client. You also have to focus on their mental wellness and make sure to never compromise their health. It’s important to mention that it’s a huge responsibility to influence every aspect of a person’s life.
