May 20, 2012

Becoming A Consultant As A Second Career? Here’s 4 Tips To Ease The Transition

If you've retired or been released from an executive position, becoming a business consultant can offer you a wide assortment of advantages ranging from the excitement of a fresh start to the opportunity for better-than-ever earnings.

But deciding to become a consultant is only the first step.  If you've been away from work for a while, either because you retired or were made redundant,  you not only need to adjust to the work world again–you need to adjust to being your own boss. Here's some tips to help you make the transition into becoming a business consultant a success.

Starting A Second Career As A Consultant

 

Start with realistic expectations

Transitioning from the executive suite to unemployed to starting a consulting business comes with a hefty serving of psychological challenges. This is a time of great change, and change–even change made for positive reasons–creates stress. Starting up a new business almost always takes more time and energy than we imagine. And it always brings challenges we didn't anticipate. You can mitigate the effects of stress by holding realistic expectations. A well-thought out business plan will help you keep work through the inevitable daily obstacles without losing sight of your greater goal.

Be prepared to transform your work habits

If you've spent years as an executive, you've likely developed a working style that depends heavily on a support team. You've had staff to prepare reports for you, make travel plans for you and otherwise assist you. As you prepare to become a consultant, you need to recognize that, at least for a while, you'll be a team of one. a trick for making this easier to manage is to make a list of everything assistants used to do for you. Seeing it in black and white will help you anticipate all the extra tasks you'll be called on to do for yourself now that you'll be out there marketing your consulting services by yourself.

Keep your knowledge base and skill set up to date

Inside the executive suite, you were probably fed a steady stream of information from within your industry. You insider industry knowledge and experience are the key resources you have to offer as an independent business consultant, so make sure you keep connections open and contacts up-to-date. Replace anything your employer used to provide you with, like subscriptions to trade magazines and memberships in organizations. Don't forgo the expense of memberships just because your consultancy is struggling through start-up. After all,  your ability to earn larger consulting fees is directly tied to your industry knowledge and your personal connections.

Continue to develop key relationships

The majority of consulting jobs are obtained through referrals. To a large extent then, your success as a consultant will depend on your ability to develop relationships with key people. Key people are people that can help you unlock the doors at companies you want to do business with. Key people may work for these companies, or have they may have social or business connections with decision makers at these companies. Networking with key people is the best way to learn about the challenges companies are facing. Once you've identified a challenge a company is facing, the next step is asking one of your key people to refer you as a problem solver.

No matter what your reason for thinking of becoming a business consultant, whether  it's because you're not ready to retire, because you've been pushed out of a job, or simply because you want the freedom and independence of being self-employed, you'll find that making the transition is easier when you have a support team to help you.
That's why you'll want to become a member of Consultants Gold, the community created to help independent consultants get more clients and bank more money.

At Consultants Gold , you'll connect with our faculty of acknowledged experts and successful consultants who will help you learn from their mistakes as well as their successes. They'll help you get up to speed on all the skills you'll need to successfully market your consulting services and earn large consulting fees.

Get acquainted with us here at Consultants Gold by registering for our free report using the form at the bottom of this page. We'll also notify you when we have free introductory teleclasses. Register below. It's your first step toward success in becoming a consultant!

 

5 Tips To Help You Succeed At Becoming A Business Consultant

5 tips to becoming a business consultant from Consultants GoldIf you have senior experience in any aspect of business administration, then business consulting may be the perfect "second career" for you. There's good money to be made in business consulting. And in this shaky world economy, business owners are crying out for the help of experienced advisers; consultants that can help them control costs and build profits.

If you're thinking of becoming a business consultant, these five tips will help you build a good foundation for success.

1. Define your specialty. Being a generalist will make it harder to market yourself and your services. I have a cartoon on my wall showing two dentists standing by their adjacent office doors. One door says,"Dr. Gawlak. Ear, Nose and Throat." The other door says, "Dr. Florin. Left Ear, Right Nostril and Tonsils."

Dr. Florin is saying, "I'm taking the specialty further."

Both doctors understand that a specialist has an easier time marketing their services and can charge more than a generalist. Dr. Florin understands that the more you narrow your specialty, the easier it is to stand out in the marketplace.

2. Define your target market. Don't make the mistake of thinking that you target market is "every business owner." It may seem that having a bigger target would increase your chances of finding clients. Actually, it reduces them by throwing you into competition with thousands of other consultants.

When you narrow your target market, you won't waste time marketing to people that aren't likely prospects. You'll be able to seek out exactly the sort of businesses most likely to need and want your skills. By lavishing all your marketing efforts on those businesses, you increase your odds of landing new clients.

3. Decide on your fee structure.
One of the biggest stumbling blocks for new consultants is deciding what to charge. Keep in mind that there are no hard and fast rules to setting fees. Almost every new consultant starts out by "guesstimating," then refines their fees as they gain experience. In the beginning, use your best guess at how much time and effort you'll invest in a job, and what you think clients will be willing to pay. Then state your fees with confidence. If you believe you're worth what you charge, so will your prospects.

4.Create marketing tools that communicate a powerful message.
Even in this world of digital communications, traditional marketing tools like business cards, brochures and your "elevator speech" are as important as ever. I think of those three as the foundation blocks of marketing, because the copy you develop for them will be used later as you create more advanced marketing tools like blogs and web sites.

Because these foundation tools are so important, it's a good idea to hire a copywriter to either craft your initial marketing message or help you refine the message you've created yourself. An experienced copywriter will help you show off your skills and experience without looking like a braggart. They'll also make sure your marketing message puts the emphasis on the potential client's wants and needs.

5. Make yourself visible. When you've done this groundwork, it's time to get out in the world and make sure people see and hear about it. Although the internet lets us market all around the world, the best place to take your first steps in a new business is outside your own front door. Join a few business networks. Offer to speak at business clubs. And remember to put your hand out and say "Hello!" to everyone you meet.

Becoming a business consultant is a step that more and more business people are taking, some because they're not ready to retire, others because they've been pushed out of a job, and still others because they want the freedom and independence of being self-employed.

If you've decided that being a business consultant is your next career move, you'll want to become a member of Consultants Gold, the community created to help independent consultants get more clients and bank more money.

At Consultants Gold , you'll connect with our faculty of acknowledged experts and successful consultants who will help you learn from their mistakes as well as their successes.

Get acquainted with us here at Consultants Gold by registering for our free report using the form at the bottom of this page. We'll also notify you when we have free introductory teleclasses. Register below. It's your first step toward success in becoming a consultant!

Three Questions You Need To Answer If You’re Thinking Of Becoming A Business Consultant

become a consultantAt Consultants Gold, our focus is on helping new business consultants and those thinking of becoming a consultant. We've found, through experience, that one of the biggest mistakes new consultants make is failing to choose a niche or area of specialization.

It seems most start-up business consultants launch their careers as generalists, willing to take any client they can get.
When you're new and just beginning to build your client base, generalizing may seem like a good strategy. In theory, by casting your net as wide as you can, you'll maximize your chances of catching new clients.

But in action, this strategy can spell disaster for the consultant in start-up.

A business consultant who generalizes may think they're reaching out to the maximum number of prospects. But in practice, they're reducing their chances of finding the client that's most likely to hire them. Here's why.

As a general business consultant, you'll have to contact and qualify vast numbers of people in order to find the few clients that want and need your services. And as a generalist, you're field of competitors is huge. In essence, you're swimming against the tide, a dangerous practice when even a few weeks without a new client may drown your venture.

When you become a specialist, you make yourself distinctive. This reduces the field of competition and raises the value of your unique services. When you narrow your field of prospects, you can immediately identify your target client. They suddenly become easy to spot among the weeds! And as a specialist, you increase your chances of signing that target client because they see you as the expert most likely to solve their problems.

It's obvious, then, that you'll increase your chances of success when you stop generalizing and start specializing. To choose your niche or specialty, ask yourself the following questions.

1. What do I know well and do best?
Look at the industry you've been working in and the job functions you've been responsible for. If you went to college for accounting and spent a decade or two as the CFO of a corporation, you'll want to drill down into your financial expertise to identify your key skills.

If you're a former business executive that was promoted through the ranks, you likely have many areas of expertise. Look at your over-all skills and ask yourself, "What do I know best and enjoy most?"

Any mature executive has amassed multiple skills. How you frame those skills will determine what type of consultant you become, who your target clients becomes and ultimately, what you earn.

2. What industry will I focus on?

Look at the industries you've worked in. If all your experience as a purchasing manager has been for construction companies, you don't want to promote yourself as an all-purpose expert in purchasing. You want to focus on the industry you know best, construction, and even the subset within that industry, such as hospital construction or home construction.

Be sure you choose an industry segment that will understand the value of your services and have the budget to pay for it. In the example above, if the home construction industry is in recession, you'll be better off refocusing your expertise on another area of the building industry, one that's active enough to need and afford your services.

3. What do I want to become celebrated for?

As a specialist, you have a unique position. This opens the door for you to publicize your expertise. The best way to sign clients and charge large fees is to become celebrated as an expert. Imagine the impact it will have on a prospect when they Google your name and discover you've published a book, been a guest on a popular business show or a speaker at industry events.

When you choose your specialty, make sure it's something you can throw your whole heart and mind into, one you'll be proud to become celebrated for. Most important, make sure it's a specialty you'll be happy to live with for a lifetime. After all, being an entrepreneur consultant is more than just a business. It's a life choice that will affect you, your family and everything in your future.

If you're ready to become a consultant, or have already taken the first steps into start-up, then Consultants Gold is committed to guiding you through the beginning of a great career. We'll help you stay focused on priorities and adopt truly effective strategies so you can get more clients and bank more money.

Choosing a specialty is just one of the many strategies our faculty of experts teach in our Study Action Groups. To discover all the benefits of being a member, click here. And add your name and email to our mailing list by using the form on the bottom of this page. We'll keep you informed when we schedule events ranging from workshops to free teleclasses.

Becoming a Business Consultant? Learn How To Introduce Yourself To A Million Dollars Worth Of Consulting Business

The Million Dollar Handshake: How To Introduce Yourself To A Million Dollars Worth Of Consulting BusinessJennifer Leake CMC®, the founder of Consultants Gold, the premier membership community for independent consultants, has published "The Million Dollar Handshake: How To Introduce Yourself To A Million Dollars Worth Of Consulting Business."

Ms. Leake, a successful independent Certified Management Consultant, says that most successful consultants, herself included, regard their contact list as their most valuable asset. That contact list, she explains, is like a gold mine that can be worked to unearth new clients and build new business.

Ms. Leake wrote "The Million Dollar Handshake: How To Introduce Yourself To A Million Dollars Worth Of Consulting Business" to walk readers through her simple but very powerful system for building a large contact list.

She calls her system "The Million Dollar Handshake" because it can help consultants network their way to a million dollars worth of new business. Consultants are guided step-by-step through the fundamentals of comfortably introducing themselves to total strangers and turning them into friends and valuable contacts.

This Special Report also comes with bonus downloads that will help consultants customize the system for themselves.

"The Million Dollar Handshake" is especially valuable for anyone thinking of becoming a business consultant or those whose consulting business is already in start-up mode. These new consultants will reap untold benefits by doing the groundwork now to create their own effective handshake for a lifetime of networking.

Experienced consultants will find this special report to be a good checklist for examining and updating their own manner of introducing themselves.

"The Million Dollar Handshake" walks consultants step-by-step through the process of introducing themselves to new contacts, has been published through the Amazon Kindle program. The price is 99 cents. It can be downloaded and read on the Kindle reader or on any PC using an app available free from Amazon. Click here now to visit Amazon and create your own Million Dollar Handshake!

 

A Checklist For Becoming A Business Consultant

checklist for becoming a consultantUse this checklist to make a critical evaluation of your current performance, noting what you need to do or enhance to make your goal of becoming a business consultant a success.

Do you have the highest integrity? Experience and integrity are the two most highly-rated attributes of any consultant. Clients who are opening their business to you, along with all it's sensitive information, want to know that you are honest, ethical and will watch out for their best interest.

Do you look and act the part?
You're selling yourself as an expert with near-superman skills. Putting that across requires professional dress and appearance as well as professional style and language.

Are you enthusiastic and energetic? Your positive energy will both inspire and assure clients that you're ready, willing and able to help them. Folks are drawn to positive people and want to be lead by them.

Have you identified your unique niche? There's a word for consultants that are generalists. That word is "broke." To thrive as a consultant in today's economy, you must be a specialist. Drill down into your area of expertise to identify the unique skills you apply or the unique market you serve.

Have you showcased your skills and performance? Think of your marketing tools, from your elevator speech to your business card to your web site, as the showcase for your business. They all need to work together to show you off to your best advantage.

Have you truly leveraged the power of networking? Everyone talks about networking, but few people actually spend enough time building their networks. Take a critical look at how much time you spend each week building relationships and look for ways to improve your performance.

Have you looked for gaps in your current skills? Becoming a self-employed consultant requires more than just knowledge of the industry you serve. It requires a wide array of entrepreneur skills as well. Are you comfortable selling? Are you capable of marketing yourself? Evaluate yourself in terms of the knowledge, skills and abilities that are required of an entrepreneur and see what you are missing, then look for ways to get more education or training in that particular area.

The best place to get the education and training you need to succeed as an independent consultant is Consultants Gold. Our goal is to help you build personal and professional success in your own consulting practice.

Consultants Gold will help you connect with our faculty of acknowledged experts and successful consultants who will help you learn from their mistakes as well as their successes.

Get acquainted with us here at Consultants Gold by registering for our free report. We'll also notify you when we have free introductory teleclasses. Register by typing your name and primary email into the form below. It's your first step toward success in becoming a consultant!

 

Urgent! Retiring Executives Are Needed As Business Consultants

business executives becoming consultantsIf you are a business executive facing retirement, or already retired, consider this: in today's volatile economic climate, there is an urgent need for mature business consultants with real-world executive experience.

As you read this, worried business owners are pouring over spreadsheets, wondering how they'll protect their companies. They're plagued by fears that they may fail in the most important duty they have–to protect the people that depend on them for jobs.

As an active or former executive, you know the burden of responsibility. You know what it's like to have men and women trusting in you to lead them in the right direction. And you know what it's like when times are dark and the right direction isn't so easy to see.

You've been there. And now you're needed, here, in the offices of business owners, entrepreneurs and executives around the world as they strive to manage in the most challenging economy many of them have faced in their lifetime.

You're real-world knowledge and experience has never been more urgently needed. As an independent business consultant, you will be in a position to mentor these business leaders, helping them move their companies through the challenges and into brighter futures.

As an experienced business executive, your personal perspective and advice for others is your most valuable asset. As an independent business consultant, you'll have the freedom to work on problems and issues that matter most to you, as well as the freedom to set your own fees, choose your own hours and decide which clients you want to work with.

If you are ready to answer the call and step forward to help business owners and executives protect their companies and their employees, we are ready to help you. Consultants Gold offers action-oriented workshops that will help you transition out of the executive suite and into your own business consultancy. Our workshops are taught by  independent consultants that made the transition from executive to successful entrepreneur and are eager to help you do the same.

Begin your introduction to Consultants Gold by using the form at the bottom of this screen to register for our FREE report and weekly mailing of Quick Action Tips for Consultants. You'll be glad you did!

 

If You’re Over Age 50, Here’s 20 Reasons To Become A Consultant

Executives over age 50 make great consultantsIf you're a business executive over age 50, you may be feeling the winds of change blowing you towards unwanted early retirement. The economy is causing many companies to cut back, and even C-level executives are being thinned out. But at the same time, those companies are turning to hired guns–independent consultants with industry-specific experience–to steer them through tough times. Here's an article I recently wrote offer 20 reasons why executives over age 50 should consider consulting before becoming a couch potato.

Top 20 Reasons Age-50 and Over Business Executives Choose To Become A Consultant

4 Questions Reveal If Becoming A Business Consultant Is Right For You

Man gives thumbs up to joining Consultants Gold

If you're considering becoming an independent business consultant, you probably have a lot of questions about organizing a business. But before you ask them, it's important to ask yourself whether or not you have the personal characteristics it takes to succeed as a solopreneur.

Here's an article I wrote recently that will help you ask and answer  4 important questions that will reveal the answer.

 

4 Ways To Be Certain That Becoming A Business Consultant Is Right For You

 

Many business executives are turning to consulting as the ideal second career. They relish the opportunity to share the technical skills and knowledge they've acquired during the first stage of their business life, along with the freedom to custom design the second stage of their life.

If you've spent years as an employee, the idea of being your own boss, choosing your own goals and designing your own life is a tempting one. It paints an alluring picture to imagine sitting in the comfort of your home office, without a boss, without a set schedule, using nothing more than a computer and your expertise to make a handsome income.

Because it is such a pretty picture, many people are tempted to jump right in to business consulting, without first doing the research to see if they have what it takes to succeed.

All too often, these quick jumpers spend the first few months at their computer almost non-stop. The newness of it all drives them forward. They are not making any money, but they are confident they soon will be.

But eventually, reality starts to set in. For months, they've worked hard but still haven't landed their first client. Worse yet, they don't know why. They only know they're well on their way to becoming a statistic, one of the many new consulting businesses that close shop in the first year.

It's unfortunate, but that is the way it is. Some people just do not have what it takes to run their own consulting business. After all, it takes more than industry-specific knowledge and experience. It takes entrepreneurial attitude.

Here are four ways you can tell if you have the entrepreneurial attitude it takes to be a self-employed business consultant.

1) You Are Self-Motivated

Many people work best when someone else sets the agenda for them. Give them a list of priorities and goals, and they're off running. But leave them to make their own list and they spin their wheels in one direction, then another, without ever getting anywhere.

As a self-employed business consultant, you must be your own taskmaster, setting your own goals and motivating yourself to reach them. There won't be anyone else to tell you which task is most important, or what to do next.

When you have your own business, you must be able to create a cohesive business plan and then work that plan. You must also be prepared to be your own head of marketing, head of sales, head of purchasing and head of every other department your company needs. Do you really have what it takes to motivate yourself through all this?

2) You Are Persistent

The fact is, starting up a new consulting business is a learning process, a process that requires that you try and try again. No matter how much experience you have before hand, you will quickly discover there are all sorts of things you don't have experience with that now have to be done. Working through the learning process requires persistence.

Thomas Edison famously said "I have not failed. I've just found 10,000 ways that won't work." He wasn't exaggerating. He attributed his own success to the fact that he simply would not stop until he achieved success. Do you have that kind of persistence?

3) You Are Open To Change

If you've been an employee at a firm for years, or even decades, you may have become set in your ways. You've done certain things certain ways, year after year. Now, as head of your own business, you'll be in a constant state of change. Even your own self-image must change as you transition from employee to entrepreneur. Are you prepared to deal with it?

Being an entrepreneur requires a whole new mindset. It means you are always learning new things, always researching new things, always implementing new things. The world is changing at a rapid pace. And as the owner of a new business, your personal world will also be changing on a daily basis for a long time to come. Are you open to that level of dynamic change?

4) You Can Deal Appropriately With Obstacles and Rejection

You already know that obstacles are part of any business. But obstacles can take on a new edge when the business is your own. The same is true of rejection. On your job, a sales team brought in the clients. Now, as a solopreneur, you are the sales team. That means putting yourself out there as the item being sold, and dealing with being personally rejected when the prospect's response is a big, fat no.

Some people are capable of regarding any obstacle, even personal rejection, as an opportunity to learn and improve. Others react inappropriately, allowing themselves to be demotivated and cutting short their chances of success. Can you deal with obstacles and rejection while keeping your cool?

If you can answer yes to these four questions, then you have the personality traits you need to succeed as an independent business consultant. Pair these traits with the knowledge and experience you gained in your industry and you have a big green signpost that says "Yes! Becoming a business consultant is the right move for me!"

Jennifer Leake is a successful consultant and the founder of Consultants Gold, the premier membership community for consultants that want to get more clients and bank more money. Whether you are considering a career in consulting, launching your practice, or have been in consulting for years, Consultants Gold will assist you with ideas for building a successful practice that generates lasting client relationships and creates sustainable revenue. Visit http://joinconsultantsgold.com to register for our free ebook and weekly mailing of business tips for consultants.

Article Source: http://EzineArticles.com/?expert=Jennifer_Leake

 

Reality Check: Are You Ready To Become a Business Consultant?

Business man ponders becoming a business consultantIf you're considering becoming a business consultant, a self-evaluation can help you determine if you have the qualities it takes to succeed.

Many people are attracted to the field of business consulting because they have technical knowledge or skills they want to share. Ordinarily, those technical skills and knowledge were gained during employment. But the qualities and skills you used to succeed as an employee can be quite different than the skill set you will need as a self-employed consultant.

Before you ask how to be a business consultant, you must first ask if you have what it takes to be self-employed. This brief check-list will help you assess some of the skills needed to be a consultant.
 

12 Skills Needed For Success In Business Consulting

 

1. Do I have industry-specific knowledge?

2. Do I have technical knowledge and skills that are in demand?

3.Are you effective at identifying problems and recommending solutions?

4..Am I skilled at structuring tasks?

5. Am I a good communicator?

6.Do I have writing and presentation skills?

7. Do I have the ability to get on with all sorts of clients and personality types?

8. Do I have a strong commitment to serving my clients?

9. Do I maintain high ethical standards in business relationships?

10. Do I have the personality to market myself?

11. Am I good at networking and building relationships?

12. Do I know how to run my own business effectively?

You would be quite unusual if you could say you have every one of the 12 qualities in this list!

Being a self-employed business consultant is a demanding, though highly satisfying career that will call upon you to either have or develop the skills listed here.

And keep in mind, this list is brief. To go into a more in-depth analysis that will help you determine if you are ready to become a business consultant, you'll want to consider having a personal assessment followed by a one hour coaching session with Jennifer Leake CMC®.

Jennifer Leake CMC® is a successful consultant and the founder of Consultants Gold, the premier membership community for independent consultants.

The assessment and one hour coaching session are just one of the benefits you'll receive when you become a proud member of Consultants Gold. If you're serious about making a career move to become a business consultant, you'll definitely want to check out all the features and benefits of becoming a member by clicking here.

Video Introduction To Consultants Gold

A video introducing Consultants Gold, a membership community for independent consultants.This video will introduce you to Consultants Gold, a membership community where you'll find the expert advice you need and the supportive community you want–whether you're an established consultant or just starting out. Consultants Gold is for self-employed consultants that want to get more clients and bank more money.