Tuesday, May 1, 2012

How can you become a business consultant


How can you become a business consultant?
I have an undergrad degree in finance, but relatively little good job experience. It's been really tough for me in the employment market. I was thinking of going for a Masters of International Business or a Masters of Business or Management etc. Would that be a good move for me? It's kind of similar to an MBA, but requires that you have an undergrad degree in business. The MBA doesn't. I know I need experience also, but in what field and what do I need my Masters in? It's just been really hard to get good experience in this job market.
Small Business - 1 Answers

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In business job titles do not mean all that much. To be a consultant, normally experience is a prerequisite. Here is what I would do. First, I would make a list of skills that you can provide, or would like to be able to provide to clients. Then decide how you will get those skills you would like to provide. This is a simple step. If your very good at lowering costs, maybe you could provide a expense audit and show where costs can be saved and where they could be redirected. Next, Marketing. Make a website, business cards, and begin calling small firms in your area, and work your way up to larger and larger institutions. Depending on your services target those firms. Something like cost cutting is good for all firms. Pitch it to the firms that really need it, but also to the firms that are doing "ok" as a way to prevent disaster. After you have done that, try for repeat clients, do a really good job, and try and make a service that can be repeated. The service can be as simple as making VBA excel spreadsheets to make their life easier. Once they get used to it, they will probably ask for more. Charge at least 50 dollars an hour, it is essential to give off the impression your the best. Now to your degree. The answer is what curriculum fits your needs. An MBA or a Masters? Or maybe a Professional Certification? What is needed is for your to review your needs, and find something that fits them. Also make sure you go to a top tier school. Many times the school doesn't matter but for Business it matters quite a bit. The only business degree that does not is Accounting Bachelors or Masters as it is simply a means to get a CPA. I would tell you my opinion, but there are many variables. The MBA is good for a general business overview plus a little specification. The Masters is good for specification. It depends on where you see yourself in 5 or 10 years and what services you will provide as a consultant.

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