Start Your Own Consulting Business: Your Step-By-Step Guide to Success

Use What You Know and the Profits Will Flow

Whether you’re a graphic designer, an accounting expert, or an advertising guru, your special skills are in high demand. Let the experts at Entrepreneur show you how to capitalize on your talents and help others achieve their business goals.

With new and revised chapters, consulting and coaching expert Terry Rice presents his tested, repeatable framework to building a consulting business, developing a client base, and creating a steady stream of referrals—and so much more. Dive in and learn how to:

  • Craft a business name and build abrand that stands out
  • Find the right niche in your industry that fits your business model
  • Set the right price for your services and prove you deserve it
  • Set up your business with minimal startup investment
  • Ask for referrals, the right way and at the right time
  • Hire team members that support you and your business No matter what your area of expertise, this hands-on guide will tell you everything you need to know to start your own successful consulting business.
  • 1136155783
    Start Your Own Consulting Business: Your Step-By-Step Guide to Success

    Use What You Know and the Profits Will Flow

    Whether you’re a graphic designer, an accounting expert, or an advertising guru, your special skills are in high demand. Let the experts at Entrepreneur show you how to capitalize on your talents and help others achieve their business goals.

    With new and revised chapters, consulting and coaching expert Terry Rice presents his tested, repeatable framework to building a consulting business, developing a client base, and creating a steady stream of referrals—and so much more. Dive in and learn how to:

  • Craft a business name and build abrand that stands out
  • Find the right niche in your industry that fits your business model
  • Set the right price for your services and prove you deserve it
  • Set up your business with minimal startup investment
  • Ask for referrals, the right way and at the right time
  • Hire team members that support you and your business No matter what your area of expertise, this hands-on guide will tell you everything you need to know to start your own successful consulting business.
  • 23.99 In Stock
    Start Your Own Consulting Business: Your Step-By-Step Guide to Success

    Start Your Own Consulting Business: Your Step-By-Step Guide to Success

    by Entrepreneur Media Inc., Terry Rice
    Start Your Own Consulting Business: Your Step-By-Step Guide to Success

    Start Your Own Consulting Business: Your Step-By-Step Guide to Success

    by Entrepreneur Media Inc., Terry Rice

    Paperback(5th ed.)

    $23.99 
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    Overview

    Use What You Know and the Profits Will Flow

    Whether you’re a graphic designer, an accounting expert, or an advertising guru, your special skills are in high demand. Let the experts at Entrepreneur show you how to capitalize on your talents and help others achieve their business goals.

    With new and revised chapters, consulting and coaching expert Terry Rice presents his tested, repeatable framework to building a consulting business, developing a client base, and creating a steady stream of referrals—and so much more. Dive in and learn how to:

  • Craft a business name and build abrand that stands out
  • Find the right niche in your industry that fits your business model
  • Set the right price for your services and prove you deserve it
  • Set up your business with minimal startup investment
  • Ask for referrals, the right way and at the right time
  • Hire team members that support you and your business No matter what your area of expertise, this hands-on guide will tell you everything you need to know to start your own successful consulting business.

  • Product Details

    ISBN-13: 9781599186658
    Publisher: Entrepreneur Press
    Publication date: 03/23/2021
    Series: StartUp
    Edition description: 5th ed.
    Pages: 180
    Product dimensions: 7.00(w) x 8.90(h) x 0.60(d)

    About the Author

    Terry Rice is a Business Development Consultant based in Brooklyn. As the founder of Terry Rice Consulting, he helps entrepreneurs monetize their knowledge without sacrificing their health, family or personal interests. His focus is advising professionals on how to launch or scale their knowledge-based businesses which can include consulting, speaking appearances, online courses and associated revenue streams. Terry is also an Adjunct Instructor at NYU where he leads workshops for career-driven individuals. A recognized Digital Marketing expert, his previous experience includes helping clients achieve their business goals while working at Adobe and Facebook. He is also the Business Development Expert-in-Residence at Entrepreneur.

    Table of Contents

    Preface xiii

    Stories of Starting Out xv

    What Are Your Goals? xvii

    What to Expect In This Book xviii

    How to Get the Most Out of This Experience xix

    Introduction Is Consulting Right for You? xxi

    Why Do You Want to Do This? xxii

    Are You Truly an Expert? xxii

    Do You Have Enough Grit to Push Through Challenging Times? xxiii

    Do You Have a Support System in Place? xxiv

    Do You Truly Enjoy Helping People? xxiv

    Can You Effectively Pitch and Sell Your Services? xxv

    Can You Leverage Technology and Learn New Skills? xxvi

    Have You Considered Your Self-Care Routine? xxvii

    Chapter 1 Understanding Your Audience and the Problems You'll Solve 1

    Determining What You Do and Who You Do It For 2

    Determining Your Zone of Genius 4

    Defining Your Target Audience 5

    Determining Your Target Audience 6

    Use an Empathy Map 8

    Build the Empathy Map 10

    Attend Workshops Related to Your Area of Expertise 11

    Attend Meetups Aligned with Your Target Audience 11

    Attend Relevant Conferences and Events That Charge a Fee 12

    Perform Social Listening on Reddit and Similar Channels 13

    Interview People Who Are in Your Target Audience 15

    Determining the Problems You'll Solve 16

    Why This Is Important 17

    Action Items 19

    Chapter 2 Business Models, Pricing, and Goal Setting 21

    Choose a Business Model 22

    Time-Based Model 22

    Project-Based Model 23

    Retainer-Based Model 24

    Results-Based Model 25

    Consulting Firm Model 26

    Subcontractor Model 26

    Determining Your Pricing 27

    Look at the Competitive Landscape 30

    Ask People Who Have Hired Similar Consultants 31

    Ask Competitors or Individuals Who Offer a Similar Service 31

    Ask Potential Prospects 31

    Finalizing Your Price 32

    Setting Your Goals 34

    Why This Is Important 35

    Action Items 36

    Chapter 3 Setting Up Your Consulting Service 37

    Name Your Business 38

    Secure Your Name 39

    Apply for Appropriate Licenses 40

    Create Your Legal Business Structure 40

    Determine Your Work Environment 42

    Working from Home 42

    Joining a Coworking Space 44

    Why This Is Important 46

    Action Items 46

    Chapter 4 Tools of the Trade 47

    Customer Relationship Management (CRM) System 48

    Project Management 50

    Appointment Scheduling 51

    Video Conferencing 54

    Email Service Provider 55

    Why This Is Important 56

    Action Items 56

    Chapter 5 Establishing Your Credibility 57

    Credentials and Certifications 59

    Local Business Organizations 60

    Industry-Specific Organizations 61

    Online Groups 62

    Conferences and Industry Events 63

    Why This Is Important 63

    Action Items 64

    Chapter 6 Positioning and Packages 65

    Your Positioning Statement 66

    Process and Packaging 69

    Why This Is Important 74

    Action Items 74

    Chapter 7 Launching Your Website and Social Channels 77

    Create Your Website 78

    The Homepage 79

    Your About Page 83

    Services Page 84

    Contact Page 86

    Blog 86

    Additional Thoughts on Your Website 88

    Launching Social Channels 88

    Setting Up Your Accounts 91

    Posting Content 91

    Using Direct Messaging 92

    Don't Talk About Yourself 92

    Give a Genuine Compliment 93

    Ask a Genuine Question 93

    LinkedIn 94

    Twitter 95

    Instagram 96

    Facebook 98

    Additional Thoughts on Social Channels 99

    Why This Is Important 99

    Action Items 100

    Chapter 8 Activating and Growing Your Network 101

    The Reintroduction Letter 104

    Action items 107

    Chapter 9 Getting in Front of Your Target Audience (Passive Prospecting) 109

    Signature Speaking Topics 110

    Local Places to Speak 111

    Coworking Spaces 111

    Chambers of Commerce 113

    Speaking at Meetups 113

    Local Colleges or Other Educational Institutions 114

    Local Conferences 116

    Best Practices for Presentations 116

    Why This Is Important 120

    Action Items 120

    Chapter 10 Sales and Marketing 121

    Video Content 123

    YouTube 123

    LinkedIn 124

    Explainer Videos 125

    Free Webinars 125

    Appearing on Podcasts 128

    Identify the Podcasts You Want to Be On 128

    Listen to the Podcast 129

    Say Something Impactful 129

    Follow the Host on Social Media and Reach Out 129

    Email Marketing 131

    Personalized Emails 131

    The Outreach 132

    Your Newsletter 134

    Know When to Send, and How Often 136

    Cold Calling 137

    Snail Mail 138

    Why This Is Important 138

    Action Items 138

    Chapter 11 Pitching and Proposals 141

    Pitching 142

    Question 1 What's Going On, and How Is It Affecting Your Life? 143

    Question 2 What Have You Already Tried to Address This Problem? 145

    Question 3 What Are Some Approaches or Resources You Haven't Explored? 146

    Question 4 What Would Need to Happen for You to Feel Good About Our Results? 146

    Question 5 Would You Like My Help? 147

    Proposals 148

    Next Steps 150

    Why This Is Important 151

    Action Items 151

    Chapter 12 Your First Clients and Commitment to Excellence 153

    Onboarding 154

    Developing a Road Map 155

    Tracking Progress 155

    Seek Ongoing Feedback 156

    Setting Boundaries 157

    Maintain a Commitment to Excellence 158

    Why This Is Important 160

    Action Items 160

    Chapter 13 Scaling Success and Managing Employees 161

    Remember: Focus on Your Zone of Genius 162

    Hiring a Virtual Assistant 163

    Leveraging Your VA 164

    Getting Links to Your Website 165

    Working with Freelancers 166

    Hiring a Full-Time Employee 166

    Why This Is Important 167

    Action Items 168

    Chapter 14 Additional Revenue Streams 169

    Group Coaching 170

    Weekly Team Meetings 171

    Online Courses 172

    Launch Your Course 173

    Paid Speaking Gigs 176

    Be Specific 177

    Start Researching Opportunities 177

    Contact Event Coordinators 177

    Seal the Deal 179

    Affiliate Marketing 179

    You Find a Product You Like 180

    Referrals 181

    Why This Is Important 183

    Action Items 183

    Chapter 15 The Game Within the Game 185

    Get in the Zone 186

    Be Patient and Strategic 187

    Positive Self-Talk 187

    About the Author 189

    Acknowledgments 190

    Index 191

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