Setting up an advisory or consultancy business…
The idea of setting up an advisory or consultancy business is one that many thousands of people – if not millions – have every single year, and for good reason: instead of slaving away on a job that doesn’t sound appealing in the slightest, you get to use your skills and qualifications to work for yourself and reap all the rewards and accolades. But what about the pit-falls that may happen along the way? Well, now we’re going to explore a few of them and by the end of this article everyone should be a lot more in the picture.
1) Choose your field wisely: whether you are setting up an NHS Complaints compensation company that sorts out NHS patients'claims privately, or opening a business which aims to train people to become consultants themselves, you need to make sure there is a demand for it and there is a demand for it where you want to be. Many people starting a new business have a problem because they have the perfect location but have no business. Always bear location in mind as the number 1 priority. There are exceptions, of course, but these are few and far between, such as online businesses or industries where clients are happy to travel vast distances. In other words, you’d have to have an exceptional business for it to be able to work with no physical clientele!
…you may be the most eloquent person in the world, versed magnificently in dealing with angry customers, but if you hire angry staff who don’t know how to deal with, say, complaints, then you will soon find yourselves in hot water…
2) Make sure you get a great web-site: many companies fall down every single year because their web-site doesn’t reflect the quality of their work. In the first example here, where the NHS is cited, a web-site would want to show that you fully understand the NHS and can offer a service which is very competitive. Also, it must be entirely backed up by expertise. It’s no good running a consultancy unless you know every single aspect of your business off by heart!
3) Make sure you hire people persons: you may be the most eloquent person in the world, versed magnificently in dealing with angry customers, but if you hire angry staff who don’t know how to deal with, say, complaints, then you will soon find yourselves in hot water. Bear in mind that many businesses don’t actually make it past the 6 month mark. Don’t be one of those businesses – do your research, work in an industry that you love, and most of all be sure to present yourself with a degree of class so that you will look absolutely professional!
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