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Consulting Services Jessup MD

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.

Shirley Bliss,CPRW, CEIP, CPCC
(301) 919-9907
3310 N. Leisure World Blvd., #803
Silver Spring, MD
 
Safety-Kleen Corp-Dip
(410) 290-7937
9841 Brokenland Pkwy
Columbia, MD
 
Local Union 669 Sprinkler Fitters
(410) 381-4301
7050 Oakland Mills Rd
Columbia, MD
 
Sprinkler Fitters Local 669 Joint Apprenticeship Committee
(410) 312-5202
7050 Oakland Mills Rd
Columbia, MD
 
Howard Co Professional Firefighters Assoc
(410) 772-1241
5397 Twin Knolls Rd
Columbia, MD
 
Shauna Bryce, CPRW
(443) 569-3656
1783 Forest Dr., #304
Annapolis, MD
 
Columbia Workforce Center
(410) 290-2630
7161 Columbia Gateway Drive
Columbia, MD
 
Safety Kleen Corp
(410) 290-7842
9841 Brokenland Pkwy
Columbia, MD
 
Denali Solutions
(410) 312-0420
5457 Twin Knolls Rd Ste 200
Columbia, MD
 
Baltimore Local 19
(410) 730-2848
Merriweather Post Pavillion
Columbia, MD
 

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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