CONTENTS
Cover
Exhibits and the Companion Website
Foreword
Acknowledgments
Introduction
The Timing Is Right
Logical Content Flow
Helpful and Practical Content
Beyond the Content
1 So You Want to Be a Consultant
What Is Consulting?
Why Consulting Now?
Four Ways to Get Started
Myths About Consulting
Realities and Rewards of Consulting
Just What Are You Getting Yourself Into?
2 Talents and Tolerance
Your Skills for Success
Roles You May Play
Signs of a Mediocre Consultant
Your Personal Situation
Caution: Business Owner Ahead
Entrepreneurial Characteristics
3 Dollars and Sense
How Much Income Do You Require?
How Much Should You Charge?
Selecting a Pricing Structure
Other Pricing Decisions
Other Charges
Fee Increases
Ethics of Pricing
Money Discussions
Value of a Guarantee
4 Starting . . .
Why Some Start-Ups Succeed and So Many Fail
What’s in a Name?
Selecting an Accountant
Selecting a Legal Entity
A Business Plan to Guide You
Plan to Use Your Business Plan
Start-Up Costs
Finding Your Niche
Your Image Is Everything
Experiencing the Experience Maze
5 … And Staying in Business
Marketing from Day One
Creating Your Marketing Plan
Using the Internet
Surprising but Practical Thoughts on Marketing
Tactics for Low-Budget Marketing
Contacting Potential Clients
Proposals Lead to Contracts
Why Would You Refuse an Assignment?
6 The Cost of Doing Business
Keeping Records for Your Consulting Business
Watch Your Cash Flow
Track Your Expenses
Set Aside Petty Cash
Charge Your Client
Project Revenues
Deal with Bad Debts
Keep an Eye on Your Numbers
7 Building a Client Relationship
Relationships: It’s Why You’re in Business
The First Meeting
Four Phases of Building a Client-Consultant Partnership
Adding More Value
How Many Clients Do You Need?
How to Improve the Relationship Continuously
It’s the People
Maintain the Relationship After the Project
Ensure Success
8 Growing Pains
Adding People
Growing without Adding People
Expand Your Geographical Market
Doing Everything You Can to Grow Your Current Business
9 The Ethics of the Business
Consultant to Client
Consultant to Consultant
Client to Consultant
Parting Ethics Shots
10 Exude Professionalism
Competencies to Boost Your Consulting Success
Continuing to Learn
Balancing Your Life and Your Business
Managing Your Time
Giving Back
11 Do You Still Want to Be a Consultant?
A Week in a Consultant’s Life
Visualizing Success
Taking Action
Get Ready, Get Set …
Appendix
Reading List
About the Author
Index
END USER LICENSE AGREEMENT
Guide
Cover
Table of Contents
Chapter
List of Exhibits
1
Exhibit 1.1 Questions to Ask a Consultant
Exhibit 1.2 Are You a Match for the Profession?
2
Exhibit 2.1 Consultant Skills and Characteristics
Exhibit 2.2 Entrepreneurs: Do You Have What It Takes?
3
Exhibit 3.1 Calculating What You Require
Exhibit 3.2 Actual Billable Days
Exhibit 3.3 Calculating Your Fee
Exhibit 3.4 How Much Will Clients Pay?
4
Exhibit 4.1 Sample Business Plan
Exhibit 4.2 Start-Up Expenses
Exhibit 4.3 Budget Format
Exhibit 4.4 First-Year Cash-Flow Projection
Exhibit 4.5 Three-Year Projection
5
Exhibit 5.1 Marketing Plan
Exhibit 5.2 Client Strategy Choices
Exhibit 5.3 Annual Marketing Planning Calendar
Exhibit 5.4 Company Profile
Exhibit 5.5 Sample Introductory Marketing Letter
Exhibit 5.6 Questions to Ask Potential Clients
Exhibit 5.7 Client Contact Log
6
Exhibit 6.1 Monthly Expense Worksheet and Record
Exhibit 6.2 Mileage Log
Exhibit 6.3 Time Sheet and Expense Report
Exhibit 6.4 Petty Cash Record
Exhibit 6.5 Invoice Summary
Exhibit 6.6 Invoice
Exhibit 6.7 Revenue Projections
Exhibit 6.8 Project Time and Expense Record
7
Exhibit 7.1 Contracting Checklist
Exhibit 7.2 Client-Consultant Partnership: Consultant Checklist
Exhibit 7.3 Client-Consultant Partnership: Client Checklist
8
Exhibit 8.1 Building a Firm
Exhibit 8.2 Partnerability
Exhibit 8.4 Subcontractor Expense Record
10
Exhibit 10.1 Competency Improvement Ideas
Exhibit 10.5 Personal Checkup: How Am I Doing?
11
Exhibit 11.1 Visualize Success
Exhibit 11.2 A Consultant’s Action Plan
Exhibit 11.3 Fast Fifty
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