Of all the articles you’ve read so far that claim to be the ‘ultimate’ guide for starting a business in 2021, here’s a no-nonsense brief for everything you’ll need for running your own business consulting company:

1. Choosing the Niche

First things first, a business consultant does more than just give advice, so to be more organized, you’ll want to fully embrace your niche, be it financing, strategy, operations, risks, or compliance. This will set you apart from generalized business consultants in the long term, as businesses prefer communicating with leads in the area of expertise for better results. Defining your ‘why’ makes it easier to target your audience.

2. Declare the Services

Likewise, you’ll want to clearly define your consulting services as no one wants to pay for vague promises. This is important for running a sustainable business that convinces your prospective clients your services are a valuable asset for their business. To avoid any mistakes in detailing, you want to write a business plan that crystallizes your idea. This should be done after extensively conducting your market research that highlights the opportunities and limitations of your business within the market you aim to serve.

3. Fund the Business

Your next step is to raise or borrow the capital you need for promoting your business consulting company. Whether you wish to establish your business physically or virtually, you’ll have to determine your business location and structure and register your business according to state regulations. You may assess your finances by performing a break-even analysis, watching the expenses, considering loan options, and choosing the right business bank.

Eyal I Dulin is welcoming all fellow entrepreneurs onboard with the latest scoop on sales and marketing for starting your business. Here’s your sure shot at acing the start of your business consulting company.

With over 20 years’ worth of experience in sales and marketing, Eyal Itzhak Dulin is the head of a business consulting company in Cape Town, South Africa who trains new employees with customized training programs that run in compliance with Federal and State Regulations in the United States.