How to Become a Consultant

Written for the business manager of middle or senior rank who is contemplating a career move from corporate to self-employment this book describes how to set up a consultancy practice with little financial outlay and take advantage of a growth market. Emp

  • PDF / 12,217,439 Bytes
  • 123 Pages / 439.37 x 666.142 pts Page_size
  • 33 Downloads / 277 Views

DOWNLOAD

REPORT


Also by B. H. Elvy

MARKETING MADE SIMPLE SALESMANSHIP MADE SIMPLE

Ho-w to Become a Consultant B. H. Elvy

M

©B. H. Elvy 1993 Softcover reprint of the hardcover 1st edition 1993 978-0-333-58575-7 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London WlP 9HE. Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages. First published 1993 by THE MACMILLAN PRESS LTD Houndmills, Basingstoke, Hampshire RG21 2XS and London Companies and representatives throughout the world

ISBN 978-1-349-13090-0 (eBook) ISBN 978-1-349-13092-4 DOI 10.1007/978-1-349-13090-0 A catalogue record for this book is available · from the British Library.

Contents Preface 1

2

3

ix

Who Needs Consultants?

1

Why Firms Use Consultants

1

Opportunities for Consultants

2

The Future for Consultancy

6

The Attractions of Becoming a Consultant

7

Personal Qualities that can Influence Success

8

Setting up your Consultancy

11

Define your Speciality

11

Define your Geographical Area

11

Assessment of Your Market

11

A Business-like Attitude

12

How Will You Operate?

13

Your Business Name

14

Statutory Requirements

15

Funding and Securing Financial Support

17

The Business Plan

19

Choosing an Accountant

19

Choosing your Bank Manager

20

Administration

22

Time Management

27

Building your Client Base

29

SWOT Analysis

29

The Marketing Plan

30 v

Contents

vi

4

5

6

The Cost of Marketing

32

Researching your Target Market

33

Promoting the Practice

33

Public Sector Consultancy

40

Reviewing your Marketing Progress

41

Selling the Service

45

How to Get an Appointment

45

The Assessment Interview

48

Selling versus Negotiation

53

Benefit Selling

53

Buying Signals

55

Dealing with Objections

56

Closing the Interview

57

The Assignment Meeting

59

An Initial Clientele

59

Purpose of the Assignment Meeting

60

Assignments You May Be Better Off Without

66

Time Estimating

69

Preparing your Proposal

71

Influencing Factors

71

Setting Fees

73

Expenses

76

Settlement Terms

77

Gratuitous Services

77

Proposal Format

77

Proposal Follow-Up

79

Contents 7

8

9

Conducting the Assignment

vii 81

Terms of Reference

81

Objectives

81

Preparing the Work Programme

83

Relations with Client's Personnel

83

Active Listening

84

Relations with Client's DMU

85

The Company Ethos

86

The Current Situation

86

Influencing Elements

87

Diagnosing the Problem

88

Logical Thinking

89

Imaginative Thinking

90

Preparing the Recommendation

91

Solutions Analysis

91

Two Schools of Thought

94

Resistance to Change

94

Dealing wi