Consulting Services Horn Lake MS

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.

Freedom Global Online Systems
(901) 359-2367
7294 Jennifer Dr
Horn Lake, MS

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DeSoto County WIN Job Center
(662) 342-4002
7320 Hwy 51 N.
Southhaven, MS
 
Bakery Confectionery & Tobacco Worker Local
(901) 396-1499
3035 Directors Row
Memphis, TN
 
Poplar Career Center
901-543-7535 x 2549
1295 Poplar Ave.
Memphis, TN
 
Mendenhall Career Center
901-365-3205 x110
5368 Mendenhall Mall
Memphis, TN
 
On Time Staffing
(662) 349-8499
1056 Goodman Rd E
Southaven, MS

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Job1USA Security
(901) 332-9940
3003 Airways, Suite 707
Memphis, TN
 
American Postal Workers Union-Memphis Local
(901) 774-6485
1921 Elvis Presley Blvd
Memphis, TN
 
American Postal Workers Union
(901) 525-2805
830 E Eh Crump Blvd
Memphis, TN
 
Trojan Labor
(901) 452-5888
1285 Getwell Rd
Memphis, TN

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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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