Starting Your Own Consulting Practice

Starting Your Own Consulting Practice – Should you go for a consultation? Here is a practical guide to help you decide if becoming a freelancer is the right idea for you and your goals.

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Starting Your Own Consulting Practice

There’s never been a better time to be a self-employed consultant – which explains why self-employment is on the rise! In the post-COVID environment, many people, tired of the constraints and traditional employment authorities are starting their own businesses… but some are better equipped than others.

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In this guide, learn more about what self-employment is and why it’s a great career to choose, clarify your purpose, values ​​and goals, and define a compelling value proposition for your business.

Not everyone is cut out for self-employment. Most people are better served by the safety and security of a traditional job.

Being good at what you do is not enough – running a business as a freelancer requires you to have or build a full toolbox of complementary skills.

For years, people have endured the ravages of corporate fraud in order to gain continued job security.

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There are many other options than renting – and there are no other ways to work for yourself.

However, when your social network is full of people who claim to be self-employed, it can be confusing to figure out who is trustworthy, and what they actually do.

As you can see, different types of jobs vary in terms of professionalism, independence, collaboration, variety and commitment.

There is no right answer – the method you choose depends on your skills, reputation, comfort level and preferences.

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If you are looking to take a small step, perhaps in the direction of your current job, freelancing or contracting can be a good place to start. This way you get the convenience of managing time, money and supplies without the constraints of employment.

If you’re hoping to build a business or agency, test the waters with the SEP model, unless you have a partner or team that already has experience running a business.

If you want to become a high-level thought leader, facilitator or course creator, but you haven’t gained enough consulting experience in your field, I would advise you to start as a SEP.

Then you’ll have a reputation to back up your claims (rather than being another snake oil salesman in the Wild West of the Internet.)

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If the definition of SEP sounds like you… you’re in the right place. Check out Consultants of Choice to learn how to make this business model work for you.

Self-employment is an attractive option for many. It’s an opportunity to live your life on your terms, get more satisfaction and purpose from your work, and earn enough money to create the lifestyle you want.

But not everyone is able to create the independent lifestyle they hoped for. Many self-employed professionals find themselves stuck in a situation where they are overworked, underpaid, unhappy – or all three!

Self-employment offers the opportunity for freedom, autonomy and independence. You have unlimited potential for professional development and growth, and absolute responsibility to do so.

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When designing your business, it’s important to start with how you want to proceed. Many consultants are so nervous about not being able to attract clients that they take on more than they can handle and make compromises they don’t need. However, if you don’t draw boundaries around your life early, you risk burnout.

Before starting your SEP journey, ask yourself some important questions so you can build your business with the conditions in mind:

Two of the biggest frustrations experienced by hiring professionals are the compromises they make in their pricing and the perceived lack of impact.

Self-employment offers a career path without these limitations where you can have the impact you’ve longed for throughout your career.

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However, this will not happen by chance. These barriers to progress and impact are there for a reason, and unless you are clear about the difference you want to make in the world, you will find yourself in the same trap.

Even well-intentioned SEPs can find themselves working with clients they don’t like, or doing work they don’t believe in.

So many professionals struggle to make ends meet – despite freelancing with the hope of bringing in more than they were in their profession.

This is often the result of incorrect price calculations, fear and under-loading. Once you get used to the salary, you compare your hourly rate to that, rather than the total time you spend on your business and the value you bring to clients.

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Some people are so grateful to have any job, and to achieve the kind of freedom and satisfaction they’ve been looking for, that they feel uncomfortable paying reasonable prices.

But prices do not correspond to value, and if you do not take enough of that value, you choose to take a punishment for purpose – if it is not necessary.

Self-employment is not for everyone. It is risky, it requires a lot of self-motivation and a high tolerance for rejection.

If you’re wondering if you’re cut out for self-employment, check out the list below for what makes a good SEP.

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You must have a deep understanding and expertise in your industry or field, a wealth of relevant knowledge, and a genuine passion and drive to make things better.

You will talk to people… a lot. If you are not good at talking to your potential clients, writing copy, writing proposals, preparing good reports and working closely with clients, your business will not fulfill its potential.

People hire you to solve their problems because they don’t have the time, expertise, or skills to do it.

These problems will be complex – otherwise they will be solved. You spend most of your time taking initiative, digging deep and finding solutions, so the ability to think critically and creatively is essential.

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You will be responsible for every aspect of your business initially: admin, sales, marketing, operations, communication and delivery. You will manage many tasks, clients and projects simultaneously, so if you are not a good player, and time management is not your forte, you will struggle.

Starting a business is not for the faint of heart. It’s a demanding job, and finding the motivation to get up every day and keep going, especially in the early days, isn’t always easy. No boss is always on the job, so SEPs must have the strength to stick to their goals and stay focused.

And there will always be a new tension in the work for you to handle. If you are not good at rolling with the punches and moving quickly, the business may not be for you.

Building and maintaining relationships with customers and other contacts is the lifeblood of your business. Good SEPs are confident in putting themselves online and at events, pursuing opportunities and new contacts, and connecting people with similar interests.

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Starting a business involves taking a lot of risks – there’s no way to know if your new idea will work, if your customers will show up, or if you’ll make enough money to cover your initial mortgage. few months. If you are not comfortable jumping, don’t do it!

You must have a clear idea of ​​WHY you are going into business before you think about what you will do, who you will help and how your business will run.

It will be this clear sense of purpose and purpose that keeps you on track when things are difficult or uncertain.

Before we start designing your new business, we need to put together your rationale, which we will use as a guide for the decisions we make from now on.

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You should consider working on a personal SEP Statement of Intent (SOI), which includes three key elements:

Purpose gets a bad rap. It’s the domain of out-of-touch millennials who spend more time thinking about work than actually doing it…they want to escape real work…right?

Purpose is not fluff – it is responsibility. It is how we are motivated, and it determines the energy we bring to others. Purpose is not about transcendence or self-improvement. It’s about harnessing the power to do important work by figuring out why it matters.

, directly addresses the target. He recommends seven things to think about when trying to find us. You can read his full advice here – or read on for a summary.

Health Is Wealth — Start Your Own Healthcare Consulting Business

This idea of ​​purpose is true in its simplicity. Finding your purpose is about finding things bigger than yourself, not so you can achieve world-changing achievements, but so you can spend your limited time to the best of your ability.

Spend some time with Manson’s questions, and think about how you can draw from them in your business. If it all seems overwhelming, try this:

Every day we make decisions about how to spend our time, attention and energy. These actions reflect our values. When we know and live our values, we are more connected to our behavior and ourselves

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