Consulting Services Hockessin DE

In many cases, being an independent consultant can be more lucrative than working in-house but it will take a few months before you start seeing cash flow. Another important consideration is that as the boss, you are carrying the cost of your own health insurance and paid time off.

Mindy Thomas, MS, CPRW, CFJST
(610) 937-5632
113 North Olive St.
Media, PA
 
Delaware Safety Council Inc
(302) 654-7786
3 Old Barley Mill Rd
Wilmington, DE
 
Building & Construction Trades Council Of Delaware Afl-Cio
(302) 892-9600
911 New Rd
Wilmington, DE
 
American Postal Workers Union Wilm Local
(302) 998-3233
1500 E Newport Pike Ste 100
Wilmington, DE
 
Clerks & Checkers Local 1883
(302) 571-8216
1 Hausel Rd
Wilmington, DE
 
Diamond State Telephone Commercial Union
(302) 999-1100
1819 Old Newport Rd
Wilmington, DE
 
Hobbsco Ltd
(302) 656-7257
4300 Kennett Pike
Wilmington, DE
 
Caldwell Staffing Services
(302) 655-9500
8 S Dupont Rd
Wilmington, DE

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New London Resources Inc.
(302) 369-4171
307 Chickory Way
Newark, DE

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International Alliance Of Theatrical Stage Employees Local
(302) 652-4626
284 Martin Luther King Blvd
Wilmington, DE
 
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Lost in Transition

Q: I am currently a media planner at a reputable company. I am looking for more flexibility in my life and would like to start consulting. Do you have any recommendations that will move me in this direction successfully?

 

Congratulations on your entrepreneurial spirit and creative energy. First off, you have to decide if your goal is to establish yourself as an independent consultant or join a firm that provides consulting services to companies. As an independent consultant, it is wise to first understand the pros and cons. The good news for anyone considering making the transition is that our current economy could provide better opportunities for consultants. In certain industries, companies without budgets for full-time employees may be more apt to bring on consultants. Before leaving your full-time job, it is absolutely imperative to investigate how the current economy is impacting your industry and the opportunities for you as a consultant.

Essentially, as an independent consultant, you are your own boss. Indeed the thought of flexibility and life balance are enticing, however, as a consultant, your schedule may be less predictable. Often, you are working around the clients’ schedule.

In many cases, being an independent consultant can be more lucrative than working in-house but it will take a few months before you start seeing cash flow. Another important consideration is that as the boss, you are carrying the cost of your own health insurance and paid time off.

Before taking the leap, it is prudent to conduct a personal self-assessment of your skills and experience, self-discipline, networks and finances.

A few questions for you to ask yourself include:
· Is my current level of experience sufficient?
· Who are my competitors?
· Is my network robust enough to bring in business?
· Are my finances in order? Do I have enough saved to cover my living expenses for the first four to six months?
· Do I have the appetite to aggressively network and pitch my business to potential clients?

If your answers support the transition, your next step is to create a well thought out business plan. In my discussions with independent consultants and business owners, one thing is sure -- operating without a business plan is similar to driving a car with a blindfold on your eyes.

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