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Could You Have
a Career in Consulting?
Most people have no difficulty noticing
problems in their workplace. When faced with something that makes their
jobs more difficult or costs the company money, typical workers shake their
heads, grumble to co-workers, and hope that "someone" will do something
to fix the problems.
If you're the type of person who not
only notices problems, but you can also come up with solutions to those
problems, you may have what it takes to become a business consultant.
Business
consultants are respected and relied upon in every industry in every country.
As
a business consultant, also known as a management consultant, you could
have a high paying career where executives turn to you for direction in
running their businesses.
What specific types of problems do
business consultants recommend solutions for? The answer is any type of
business problem. Some business consultant, somewhere, right now, is probably
working on a business challenge in almost any area of business you can
imagine. If it is part of running a business, sooner or later, it will
need a consultant to fix it.
Some consultants specialize in working
with businesses in particular industries, such as health care or manufacturing.
Others work with clients in a variety of industries, but specialize in
particular business functions, such as marketing, human resources, or information
technology. Others specialize in helping small businesses achieve success.
With all the demand for their services,
it's no wonder there's an old saying that if you become a business consultant
you'll only work half days - 12-hour days, that is.
Even with potentially long working
hours, consulting is a hot career. A recent poll conducted by Harris Interactive
for The Wall Street Journal's executive career site CareerJournal.com,
named consulting one of the eight "best careers."
One reason is because it is among the
highest paid professions. A 2006 survey by the Association of Management
Consulting Firms found entry-level consultants earn an average of $65,000
annually while senior partners earn an average of over $300,000 (including
bonuses and profit sharing).
While many consultants are hired by
large consulting firms, it is an attractive career choice for those who
want to have their own business.
You can operate a consulting business
from home, without large start-up costs. In fact, you probably already
own the equipment needed -- a computer and phone - and much of your business
is likely to come through low-cost marketing such as networking.
You can also start on a part-time basis,
while keeping your current job as your primary source of income. Then as
the demand for your services grows, you can commit to consulting full time.
Unlike some other professions, there
are no specific educational requirements to become a business consultant.
According to the U.S. Bureau of Labor Statistics 28% of consultants do
not have a degree of any kind.
However, that doesn't mean it's easy
for someone with no credentials to become a successful business consultant.
Those who are most likely to succeed usually have either a formal business
education or a wealth of business experience.
They also have the skills needed to
solve problems and work with senior management.
To see if consulting is the career
for you, here are some questions from the FabJob
Guide to Become a Business Consultant. Note all that are a "yes"
for you. |