Three Ways To Know If You Are Ready And Qualified To Be A Business Consultant

With unemployment figures at historic highs, many professionals are looking for ways to use their business experience to generate new primary or secondary sources of income.

Few words in business vocabulary carry such a vague and ambiguous definition as the word ‘consultant.’ It can mean something slightly different to everyone.

In the most traditional and basic sense, it describes someone who provides expert advice.

Organizations of all sizes have looked to internal and external experts for decades to help them identify and solve problems that could have a meaningful impact on the company.

Between the 1970s and 1990s, the industry experienced significant growth on the backs of giants like McKinsey & Company, Deloitte, Bain & Company, and Boston Consulting Group.

Today, the market is alive and well with recent estimates citing over 770,000 consulting companies in existence today servicing clients with strategy, operational and management guidance.

As businesses evaluate the benefit and cost of turning to external consultants, a small wave of entrepreneurial businesspeople are simultaneously evaluating whether or not to turn their professional expertise into a lucrative consulting side…