Starting a Consulting Business – Easy Or Difficult?

Many people have thought about starting a consulting business at some point in their life. If you’re thinking about starting your own consulting business it’s a wonderful choice for nine major reasons:

* there is a huge demand for business consulting services
* due to the nature of the service and the needs of it’s customers, internet business consulting is competition proof
* it’s not expensive to take a course that will teach you everything you need to know to become a skilled small business consultant
* you don’t need years of business school or experience as a internet consultant to quickly set up a successful consulting business
* you need next to no capital
* you can work from home with the option of working entirely on the internet or meeting up with clients in person
* there’s awesome potential to make a lot of money without having to work too long or too hard
* you don’t need too many clients to making a very comfortable living as a consultant
* there’s plenty of potential for growth

Now the first thing you have to do to become a successful small business consultant is find a good internet consultant course that will teach you the newest methods of online marketing techniques and how to plan a unique marketing strategy to effectively serve each of your business clients.

You should also look for the course to teach you how to expand your business – getting more clients and developing a team by dividing your work load to other specialized service providers.

As for the start up costs of opening your own consulting business most of what you’ll do for your clients will be on the computer, making it entirely unnecessary to rent an office or even buy a desk.

Work on getting a few customers and put together a well organized marketing strategy for them. Execute one step at a time for each of your clients so that you complete your work for them in a timely manner and they can see the results as quickly as possible.

This way they’ll know you know what you’re doing and they’ll keep coming back to you to maintain the growth of their customer base.

So when you’ve moved on from starting your own consulting business to having your own group of clients you’ve just got to keep up with the newest trends in internet marketing strategies and you’ll in turn be ensuring your own financial security.

A Guide To The Work Of A Strategic Research Consultant

Research Consultants lead and structure the research and analysis of individual studies that form deliverables for consulting companies. They work closely with Fortune 500/Global 1000 companies and smaller firms to determine the strategic and operational challenges that they are facing. Research Consultants strive to identify and develop the best solutions to these important business challenges, and subsequently teach these solutions to their clients.

In general, Strategic Research Consultants must have proven analytical skills and a passion for research. Successful profiles for a research consultant include

(1) PhDs (Post-Doctoral professional experience in research, consulting or academia is highly desirable);

(2) MBAs who are interested in research problems rather than daily management issues;

(3) JDs – JDs with business experience or experience writing legal briefs extremely desirable;

(4) strategy consultants from top firms; and

(5) policy analysts who have a proven ability to undertake original economic and financial analysis of a high professional standard and can persuade clients to adopt their position on a wide range of economic and financial policy issues.

Although different firms seek strategic research consultants with varying backgrounds, they do share some common attributes. Most of these assignments will require the consultant to have a rigorous intellect, creativity for products, and experience in management and teamwork.

Intellectual Capabilities

· Strong inductive and deductive reasoning skills.

· Experience in hypothesis-driven research.

· Insight generation – the ability to generate ideas that have an impact.

· Basic quantitative facility- relevant coursework or work experience.

Deliverable Product Creation

· Strong writing ability — published candidates highly desirable.

· Ability to scope terrain – evident through research experience.

· Teaching and framing — experience or ability to teach and relay ideas. Candidates who have been teaching assistants in graduate school classes are desirable.

· Effective communication skills.

Management and Teamwork

· Project management skills.

· Experience/ability to engage clients.

· Experience/ability to work in a team. Candidates with military experience, extensive. team projects in graduate school are desirable

Consultants will find that the impact they have on their clients translates directly into the impact their work will have on their career progression. It is common for firms to extend either second engagements or even offers of employment to consultants whose work they consider valuable. With every assignment, the consultant should strive to add value and have an intentional, positive impact on their clients and their business objectives.

The client firms must do their part as well. Intellectually curious consultants can become bored easily. Therefore, the clients should provide a dynamic and intellectually challenging work environment with intelligent and creative people. They should provide growth in responsibility while maintaining a balanced lifestyle and sense of fun. One of the best managers I have had in my professional career used to ask other staff and me, “Are you having fun?” That one question seemed to sum up a variety of good consulting features: did the staff member enjoy his work and actually managed to find some fun in his or her assignments?

Strategic research consultants are sometimes needed on global tasks, which afford the consultant an opportunity for international travel paid for by the client. That is the best way to experience international work: when someone else is paying the bill.

Generally, the strategic research consultant will work onsite with the client for a project’s entire lifecycle, from strategy development to implementation. Working side-by-side with clients helps the consultant understand how the client views the project and what information the client receives. With these insights about the client, the consultant can more easily monitor progress and quality of the project deliverables and facilitate their implementation downstream. Clients do not want to receive esoteric reports that sit on shelves and are never read. Instead, they want to achieve tangible results from the consulting assignment.

These positions require skills to analyze and develop financial models utilizing spreadsheets and database management software. Assignments will vary but are likely to encompass many aspects including strategic planning, due diligence, change management, business review, project management, global purchasing studies, etc. Consultants sometimes move into a line management role with their clients after two or three years.

One area where strategic consultants practice is the due diligence research that support mergers and acquisitions (M&A) activity. For that reason, the big four accounting firms have created M&A Strategy groups, which combine the competence of strategy consulting with the high growth market of M&A and private equity. These groups often have the culture of an entrepreneurial strategy boutique specializing in M&A.

M&A strategic research works with private equity, banking, and corporate clients to assess the commercial potential of acquisition targets and to deliver clear, actionable, strategic recommendations. The core product is commercial due diligence from the beginning to the end of the M&A lifecycle. Commercial due diligence provides potential investors with an assessment of the key strategic issues and opportunities of a transaction, including market attractiveness, competitive dynamics, customer relationships and cost position, and therefore helps investors understand how they can create value.

Given the importance of M&A activity to the future direction of the firm, it is not surprising that firms seek to staff these consultant positions with experienced professionals who have the rigorous intellect, product/deliverable creativity, and management acumen to get the job done.

What Are the Requirements to Become a SAP Consultant?

If some one is smart enough and well educated then SAP is the best field to build a career. You can easily find the best path to reach higher and higher if you are ambitious too. Becoming a SAP consultant is a hard job but lastly it pays the effort.

Any person can enter into the world of SAP in two possible ways -

If some one is working for any company and that company wants to implement SAP as its Enterprise Application System (the person who enters the data and runs some reports) or as a key user (the person who participate in the implementation project as the member of implementation team). You can also get a job with or without SAP experience as a junior SAP consultant with a SAP Consultancy company.

The people who hold the title of ERP consultant are mostly the people who work for SAP. If some one is interested in becoming a ERP consultant then they have to understand the product well. There is a large scope of ERP consultant in varieties of field like postal services, transport, oil, mining, pharmaceuticals, education etc. If you are a SAP consultant then you must have detail knowledge about your field in addition to the detail knowledge about the product. As a SAP consultant you must be up to date and also have to stay well informed about each and every aspect. It is not an easy job, it requires lot of labor.

But as a SAP consultant there is a huge job satisfaction though a consultant may be under a lot of stress. Any person as a SAP consultant must have a detail knowledge about their services and on the other hand they must have to remain in touch with the clients to explain the detail of the product to the customer. So the job of a SAP consultant is not so easy that it can be performed easily by any person. It is not in any way only dry or only technical. ERP consultant must have the ability to communicate properly as they have to deal with lots of clients and have to explain them about their products. Even the ERP consultant can give advice to the company also especially at an advance point in the career.

Career as a SAP consultant is very nice. So try to become a ERP consultant as there are lots of possibilities of growth in the company.

What To Look For In A Good SEO Consultant

Internet marketing is now becoming increasingly more prevalent in the world of PR and marketing. One factor of web marketing that is gaining more importance is the online presence of a business website. This can include the look of a website and where it appears in queries on a search engine. This increasing dependence on the Internet has meant that businesses are starting to hire professional SEO consultants to maintain and improve their website. A company needs to make sure that the consultants they hire are not only capable of looking after the website but also improve the online reputation of a firm.

A very important feature of web marketing is the ranking position of the website in search engine query. A business will look to hire an SEO consultant so that the consultant manages the entire issue of web marketing for their websites or web pages. As the web marketing is a sensitive issue for promoting the business, the entrepreneur should be sincere and careful about hiring the consultant. The entrepreneur or website owner should hire a consultant that is experienced and an expert in their field. In order to hire a superior consultant, the entrepreneur has to consider several qualities of the SEO consultant before hiring them. Some of the most important qualities of a good consultant are extensive knowledge of the subject, ability to make tough decisions, customized services, understanding the business and transparency.

A superior SEO consultant should have extensive knowledge about SEO techniques. They should understand features like content development, keyword research, copywriting issues, link building and other related issues. They also have to be up-to-date with current development within the SEO domain.

The consultant should have the ability to make tough decisions in critical situations. Their main target is marketing the website in an effective way. In order to do that, they might need to make some modifications to the web pages and they have to be clear about exactly what changes need to be made.

A good SEO consultant should have a clear concept about every different issue. Not all the websites need the same strategy, and a good consultant is able to use the appropriate strategy for each different website. Their work procedure will not be the same for every sort of website. Instead, they will take steps for various websites according to necessity.

A superior SEO consultant will have curiosity about their clients’ business as well as their goals. They should comprehend those issues in the same way as their clients think about those. This will help the consultant to perform to a higher quality if they think about the subject thoroughly.

Another important quality of a good-quality SEO consultant is the transparency from the consultant side. They should not use illegal black hat methods to advertise the clients’ websites. They should use white hat methods to promote the targeted web pages or websites.

An entrepreneur should consider these qualities of any SEO consultant before hiring one for their next project.

Can Affiliate Marketing Make Money?

Affiliate marketing has become one of the most popular ways to earn money online. Many people are turning to affiliate marketing to generate passive income streams and supplement their existing income. But the question that most people ask is, can affiliate marketing really make money? The answer is yes, affiliate marketing can make money, but it requires a lot of hard work, dedication, and patience.
What is Affiliate Marketing?

Affiliate marketing is a type of performance-based marketing in which a business rewards its affiliates for each customer or lead brought in through the affiliate’s marketing efforts. In simple terms, affiliates promote a product or service to their audience and earn a commission for each sale or lead they generate.

Affiliate marketing is a win-win situation for both the business and the affiliate. The business gets access to a larger audience and pays only for results, while the affiliate gets to earn a commission without having to create a product or service from scratch.

How Does Affiliate Marketing Work?

To get started with affiliate marketing, you first need to choose a niche or a topic that you are interested in. You then need to find affiliate programs that offer products or services related to your niche. There are several affiliate networks, such as Amazon Associates, Clickbank, and Commission Junction, that you can sign up for to find affiliate programs.

Once you have found an affiliate program that you want to promote, you need to sign up for it and get a unique affiliate link. You can then promote the product or service using your affiliate link through various channels such as social media, email marketing, and your website or blog.

When a customer clicks on your affiliate link and makes a purchase, you earn a commission. The commission rate varies depending on the affiliate program and can range from a few percent to 50% or more.

Make money with Affiliate Marketing

Can Affiliate Marketing Make Money?

Yes, affiliate marketing can make money, but it requires hard work, dedication, and patience. Many people think that affiliate marketing is a get-rich-quick scheme, but that is far from the truth. Like any other business, affiliate marketing requires time and effort to generate income.

To make money with affiliate marketing, you need to have a strategy in place. You need to understand your target audience and their needs and preferences. You also need to have a plan for promoting the product or service through various channels.

One of the keys to success in affiliate marketing is to choose the right products or services to promote. You should only promote products or services that you believe in and that are relevant to your audience. If you promote products or services that are not relevant or of low quality, you will lose the trust of your audience, and your earnings will suffer.

Another important factor in affiliate marketing is building trust with your audience. You need to establish yourself as an authority in your niche and build a relationship with your audience. You can do this by providing valuable content, being transparent about your affiliate partnerships, and engaging with your audience through social media and email marketing.

Affiliate marketing is not a one-time effort. It requires ongoing optimization and testing to maximize your earnings. You need to track your performance metrics, such as click-through rates, conversion rates, and earnings, and adjust your strategy accordingly.

Make money with Affiliate Marketing

Benefits of Affiliate Marketing

There are several benefits of affiliate marketing that make it an attractive option for those looking to make money online.

Low Start-up Costs: Affiliate marketing requires very little investment to get started. You can sign up for affiliate programs for free and promote products or services using your existing website or social media channels.

Passive Income: Once you have set up your affiliate marketing strategy and are generating traffic to your website or social media channels, you can earn passive income without much additional effort.

Flexibility: Affiliate marketing is a flexible way to make money online. You can work from anywhere and at any time as long as you have an internet connection. You also have the flexibility to choose the products or services that you want to promote and the channels through which you promote them.

No Inventory or Shipping: As an affiliate marketer, you do not have to worry about inventory or shipping. The business that you are promoting takes care of these aspects.

High Income Potential: Affiliate marketing has a high income potential if done correctly. If you have a large and engaged audience, you can earn a significant income through affiliate marketing.

Drawbacks of Affiliate Marketing

While there are several benefits of affiliate marketing, there are also some drawbacks that you need to consider.

Competition: The affiliate marketing space is becoming increasingly competitive, and it can be challenging to stand out in a crowded market.

Earnings Limitations: The amount you can earn through affiliate marketing is limited by the commission rate and the number of sales or leads you generate.

Lack of Control: As an affiliate marketer, you do not have control over the product or service that you are promoting. If the business you are promoting changes their product or service, or if they go out of business, it can impact your earnings.

Conclusion

In conclusion, affiliate marketing can make money, but it requires hard work, dedication, and patience. You need to have a strategy in place, choose the right products or services to promote, build trust with your audience, and continuously optimize your strategy.

While there are some drawbacks to affiliate marketing, such as competition and earnings limitations, the benefits, such as low start-up costs, passive income, flexibility, and high income potential, make it an attractive option for those looking to make money online.

Affiliate Marketing for Beginners

Affiliate marketing is a popular and lucrative way to make money online, and it’s becoming increasingly popular with beginners who want to start their own business or earn extra income. If you’re new to affiliate marketing, you might be wondering what it is, how it works, and how you can get started. In this article, I will give you a beginner’s guide to affiliate marketing.
What is Affiliate Marketing?

Affiliate marketing is a type of online marketing where you earn a commission by promoting other people’s or company’s products. You become an affiliate partner by signing up for an affiliate program and then promoting the products or services to your audience. When someone clicks on your unique affiliate link and makes a purchase, you earn a commission.

How Does Affiliate Marketing Work?

Affiliate marketing works by creating partnerships between businesses and affiliate marketers. The businesses provide the products or services, and the affiliate marketers promote them to their audience. The affiliate marketers earn a commission for each sale they generate through their unique affiliate link.

To get started with affiliate marketing, you need to:

1) Choose a niche – This is the area you want to focus on, such as health and wellness, personal finance, or beauty.

2) Find an affiliate program – There are many affiliate programs available. Choose a program that aligns with your niche and offers products that your audience would be interested in.

3) Sign up for the affiliate program – You’ll need to provide some information about yourself and your website or social media accounts.

4) Get your unique affiliate link – Once you’re approved, you’ll get a unique affiliate link that tracks any sales generated through it.

5) Promote the products – You can promote the products through your website, blog, social media, or email list.

6) Earn commissions – When someone clicks on your affiliate link and makes a purchase, you earn a commission.

Below affiliate marketing platform is best for beginners:

Affiliate Marketing for Beginner

Tips for Affiliate Marketing Beginners:

1) Choose the right niche – Make sure you choose a niche that you’re passionate about and that has a large enough audience.

2) Build an audience – You need to have an audience to promote products to. You can build an audience through a website, blog, social media, or email list.

3) Create valuable content – Your content should be helpful, informative, and engaging. It should provide value to your audience and encourage them to take action.

4) Be honest and transparent – You should always disclose that you’re an affiliate and that you earn a commission for any sales generated through your link.

5) Choose the right products – Make sure the products you promote align with your niche and provide value to your audience.

6) Test and track – Test different products, promotions, and strategies to see what works best for your audience. Track your results and adjust your approach as needed.

Below affiliate marketing platform is best for beginners:

Affiliate Marketing for Beginner

Benefits of Affiliate Marketing

1) Low start-up costs – You don’t need to create your own products or inventory, which means you can start with minimal investment.

2) Passive income – Once you’ve set up your affiliate links, you can earn commissions on autopilot, even while you sleep.

3) Flexibility – You can work from anywhere and at any time that suits you.

4) No customer support – The businesses you promote handle customer support, so you don’t need to worry about it.

5) Unlimited earning potential – There’s no limit to how much you can earn with affiliate marketing. Your earning potential is only limited by the size of your audience and the products you promote.

As conclusion, affiliate marketing is a great way for beginners to start their own business or earn extra income. It’s a low-risk, high-reward opportunity.

Below affiliate marketing platform is best for beginners:

Online Jobs Work from Home

The internet has revolutionized the way we work and communicate, and one of the most significant changes is the rise of online jobs that allow people to work from home. The flexibility and convenience of these jobs have made them increasingly popular, especially in recent times when many people have had to adapt to remote work due to the COVID-19 pandemic. In this article, we’ll explore the benefits of online jobs work from home and some of the most popular options available.
The top benefits for Online Jobs Work from Home:

1) Online jobs work from home offer flexibility. With no fixed working hours, employees can schedule their work around their other commitments, such as childcare or other part-time work. This makes online jobs particularly attractive to those who need to balance work with other responsibilities.

2) Working from home means that employees do not have to spend money on commuting or other expenses associated with working in an office, such as buying lunch or work clothes. This can be a significant cost-saving for employees, and it also benefits employers who can save on office space and equipment.

3) Employees who work from home are often more productive than those who work in an office environment. This is based on the studies and is proven. This may be because they have fewer distractions, can work in a comfortable environment, and have more control over their working conditions.

4) By working from home, employees can have a better work-life balance, allowing them to spend more time with family and pursue hobbies and other interests outside of work. This can lead to increased job satisfaction and better mental health.

Here is the list of most popular Online Jobs Work from Home:

1) Freelance writing is one of the most popular online jobs work from home options. It involves writing articles, blog posts, and other content for clients on a freelance basis. Freelance writers can work on a wide range of topics and can often set their own rates and schedules.

2) Virtual assistants provide administrative support to clients from a remote location. This can include tasks such as managing emails, scheduling appointments, and organizing documents. Virtual assistants can work for multiple clients and can often choose the type of work they want to take on.

3) Online tutoring has become increasingly popular in recent years, with many students turning to online resources for help with their studies. Online tutors can work from home and provide one-on-one tutoring sessions to students in a variety of subjects.

4) Graphic designers create visual content for clients, including logos, websites, and marketing materials. They can work from home and often use software such as Adobe Illustrator or Photoshop to create their designs.

5) Social media management involves creating and managing social media accounts for businesses and organizations. Social media managers can work from home and are responsible for creating content, scheduling posts, and engaging with followers.

6) Affiliate marketing involves promoting products or services on behalf of a company and earning a commission for any sales made through the affiliate link. This can be done through a blog, website, or social media platform and can be a great way to earn passive income.

You may check below link to explore variable of options online jobs work from home apart from options listed above and choose the one most suitable to you:

Online Jobs Work from Home

Online jobs work from home have become increasingly popular in recent years, and the COVID-19 pandemic has only accelerated this trend. With the flexibility, cost-effectiveness, and other benefits that come with working from home, it’s no surprise that more and more people are turning to online jobs as a way to make a living. Whether you’re a freelance writer, virtual assistant, graphic designer, or social media manager, there are plenty of opportunities available for those who want to work from home.

Part Time Work from Home Jobs

As the world becomes more digitally advanced, the opportunity for part time work from home jobs has greatly increased. Many people are finding that remote work offers more flexibility and can be a great way to supplement their income. Here are some reasons why part time work from home jobs may be right for you.
1) One of the biggest advantages of working from home is the flexibility it offers. You can set your own hours and work when it suits you best. Whether you’re a stay-at-home parent looking for a job that fits around your family commitments, or you’re a student looking for a way to earn some extra money in your spare time, part time work from home jobs can provide the flexibility you need.

2) Commuting to work can be time-consuming and stressful. It can also be expensive, particularly if you have to pay for public transportation or fuel for your car. By working from home, you can eliminate your daily commute and save yourself both time and money.

3) Many people find that they’re more productive when working from home. Without the distractions of the office, you can focus on your work and get more done in less time. You can also set up your workspace in a way that suits you best, whether that means working in a quiet room or having a comfortable chair and desk.

4) Working in an office can be distracting, noisy, and uncomfortable. By working from home, you can create a workspace that is conducive to your productivity and comfort. You can adjust the lighting, temperature, and other factors to suit your needs, and you don’t have to worry about interruptions from coworkers.

5) Maintaining a healthy work-life balance can be challenging, particularly if you have a demanding job or a busy schedule. Part time work from home jobs can help you achieve a better balance by allowing you to work when it suits you and giving you more time to spend with your family and pursue your hobbies and interests.

There are many different types of part time work from home jobs available, depending on your skills and interests. Some examples include:

1) Affiliate marketing 2) Online tutoring 3) Virtual assistant 4) Data entry 5) Social media management 6) Content creation 7) Customer service 8) Transcription 9) Translation 10) Graphic design

The most easy and popular in today’s world is affiliate marketing. If you treat this like a real business and build it up and by choosing good and reliable company to work with, it will bring you to wealth. I have been using this platform to earn my income successfully as it has 6 income streams. Check this out:

Income Opportunity that pays 6 ways Finding part time work from home jobs can be challenging, but there are many resources available to help you. Online job boards, such as Indeed and Monster, often have listings for part-time work from home jobs. You can also check out freelance platforms like Upwork and Fiverr, which offer a variety of jobs in different fields.

Another option is to network with friends and family who work remotely or reach out to companies that offer remote work opportunities. You can also consider starting your own business or freelancing, using your skills and expertise to offer services to clients.

Conclusion: Part time work from home jobs offer many benefits, including flexibility, reduced commute time, increased productivity, greater control over your work environment, and improved work-life balance. With the variety of jobs available and the many resources to help you find them, working from home can be a great way to supplement your income or even start your own business. So why not explore your options and see if part time work from home jobs is right for you? Check this option below:

London Removal Quotes: How to Get Accurate and Competitive Quotes for Your Move

When planning a move to London, one of the most important steps is to obtain accurate and competitive removal quotes. Whether you’re moving from another city in the UK or from another country, finding a reliable removal company that can transport your belongings safely and efficiently is crucial. In this blog post, we’ll provide you with tips on how to get accurate and competitive removal quotes for your move to London.
Researching Removal Companies in London Before obtaining removal quotes, it’s important to research different removal companies in London. Look for companies that have experience with international or long-distance moves, if applicable. Check if they are members of the British Association of Removers (BAR) or other industry associations. Read reviews from previous customers to get an idea of their quality of service. Websites like Checkatrade and Trustpilot are good resources for finding reputable removal companies in London.

Providing Accurate Information to Removal Companies To obtain accurate removal quotes, it’s important to provide removal companies with as much information as possible about your move. This includes the size and type of property you’re moving from and to, the amount and type of belongings you’re moving, and any special requirements, such as packing or storage. Providing this information upfront will help removal companies to provide you with a more accurate quote.

Obtaining Quotes from Removal Companies Once you have a list of removal companies you’re interested in working with, it’s time to obtain quotes. Most removal companies offer online quote forms or phone consultations. Make sure to obtain quotes from at least three different removal companies to ensure you’re getting a competitive price. When obtaining quotes, ask about any additional costs or fees, such as packing materials or insurance.

Comparing Quotes and Choosing the Right Removal Company After obtaining quotes, it’s important to compare them carefully to determine which removal company offers the best value for your money. Don’t just choose the cheapest option – make sure to consider factors such as the company’s experience, reputation, and customer service. Look for companies that offer comprehensive services, such as packing, loading, and unloading, and that have experience with international or long-distance moves, if applicable.

When choosing a removal company, it’s also important to make sure that they are fully licensed and insured. Check if the company has a valid Operator’s License, which is required by law for all UK-based removal companies. Make sure to also ask about their insurance policy, including what it covers and any deductibles.

In conclusion, obtaining accurate and competitive removal quotes is an essential step when planning a move to London. By researching different removal companies, providing accurate information, obtaining quotes from multiple companies, and comparing carefully, you can find a reliable removal companythat can transport your belongings safely and efficiently to your new home in London.

Consulting Career Choices

Management consulting is one of the most popular career choices for today’s graduating students and career-changing professionals. The industry is growing fast, both in demand from organizations seeking consulting services and in the supply of candidates seeking consulting positions. Although thousands of individuals receive offers every year, tens of thousands compete for those offers. In the face of such intense competition, applicants need all of the help that they can find.

Students, who especially like the accelerated professional track of consulting, have turned the field into one of the hottest choices for entry-level professionals. Approximately 40% of graduates in each MBA class attempt to enter the consulting industry.

Other professionals with established careers also look towards consulting for opportunities to accelerate their professional development or to switch career directions entirely. As management consulting firms multiply and grow the demand for experienced hires that can establish and build new practices will likewise grow. But once again, the number of candidates exceeds available positions, making the competition fierce.

Starting salaries in management consulting are among the highest available for entry-level professionals, competing with the traditionally high earnings potential for investment banking, venture capital and law. Whether changing career paths or graduating from a business school, graduates fortunate enough to land an internal management consulting job receive starting salaries of approximately $100,000 USD plus bonuses of up to $50,000 USD, while undergraduates receive base salaries of $40,000 USD to $45,000 USD plus bonuses of up to $10,000 USD.

Independent consultants operating from small practices can earn significantly more than this once established, but it can take longer. Project Management graduate consultants can earn fees ranging from $1,000 USD up to $2,000 USD per day, while Facilitation Management graduate consultants can earn fees ranging from $2,000 USD per day to $5,000 USD per day.

But the potential to earn stratospheric salaries or fees is only one of the attractions of consulting; candidates also recognise its power to accelerate a career. Former consultants are valued for their carefully trained analytical minds and for their presumed expertise at solving business problems, or maximising service value.

As a result, many who leave consulting are likely to enter companies at higher levels than their peers who have worked the same number of years, but in other fields. There is a strong and arguably justified perception that a stint as a management consultant is the key to future professional success.

As with any industry, consultancy has two images; that of the consultant who tells you the time and charges you for it and that of the consultant who facilitates success over a sustainable period of time. The difference simply amounts to the substance which lies behind what the consultant offers. Good quality consultants tend to have tangible products to offer their clients, whereas poor quality consultants tend to try to sell clients proposals, advice, opinions, or even experience. Consultants who have tangible products tend to be the ones to trust and clients know this of course. It is always obvious to a client if they are employing poor quality consultants because it tends to be clear that they are just making things up as they go along. Conversely good quality consultants tend to be very well prepared and clients can invariably see, feel and touch what they are being asked to buy.

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