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Colsulting Business Models
What is the right consulting business model for you? First of all, as with any other business model, there is always some kind that seems to be hot at the moment, something that cannot go wrong. But that is not true.
You need to choose a consulting business model that fits you, your lifestyle, and your goals. For example, have you decided on the ideal size firm?
● Do you want to be a solo consultant, and work by yourself?
● How many employees would you like to have in your firm?
● Do you prefer to manage teams and processes?
And what about the revenues? Have you thought about how much you aim to reach?
● A firm of a million dollars a year?
● Or a-million-dollar-year personal income?
● Are you able to manage staff’s paycheck?
● Do you intend to scale the business?
Moreover, you must consider what you enjoy doing as a consultant and how complex you’d like your business to be.
● Would you like to manage a great infrastructure, with plenty of employees and systems?
● Would you rather have a simple business, which offers one service or one product only?
● Or do you want to work directly with your clients? There is no one right answer for all of these - and other -
questions that may conduct your choices. Therefore, there is no one right consultant business for everyone. Each consultant must analyze and decide based on personal decisions what type of consulting business model will fit them.
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