In a fast changing world like today, when each business has their own consultant, your client not only needs a business consultant, they need the best business consultant in order to compete in the market. So, how can you become the best business consultant for your company?

First of all, let's just find out how to be a business consultant.

How to become the best business consultant for your client

What is a business consultant?

Business consultant is a consulting specialist for a business owner or its top management levels in order to identify business problems, improve business performance, proposing the solutions, planning the strategy for the upcoming orientation, and many other requirements.

Business consultant can be a person, a group of experts, or a firm specializing in business consulting.

They may not need to have a deep understanding in every industry. The best business consultants in a specific field will only need to have good knowledge and experience in the area they work in and the other industries that are involved around it.

Business consultant is a problem-solving expert for business

What does a business consultant do?

So, what does a business consultant do?

Briefly, a business consultant will help the company to do anything that they require, including handling projects/problems that need to be solved; helping their client overcome any milestone; reinforcing the risk management system; improving the overall operation; reorganizing the company structure or the business government, etc.

In particular, business consultant job will generally involve:

• Identify the overall problem with initial overviews then actually analyze collected data in order to clearly understand the root of the issue.
• Give out ideas/advice on the issue and consult any possible solution that can help the company to find its way out of the problem.
• Propose a transparent business strategy and plan on a short-term as well as long-term goal oriented approach to the company performance.
• Develop detailed business plans and promotional campaigns.
• Conduct a profit-attracted business strategy by enlarging the scale of the company and launching out new products/services in order to reach out for other markets.
• Support and consult the company on conducting the intended direction.
• A good business consultant will understand the company like its owner and have a vision to help it promote its potential to the max.

One of the main jobs of a business consultant is to conduct a marketing strategy.

What qualifications do I need to be a business consultant?

In order to start your business consultant job, you will need to have several fundamental knowledge of business, marketing, even finance, how the business world is driven, and the vision to foresee the opportunities and risks that can happen to the company. In addition, you must have in-depth experience in the field that you are specialized in as well as other related areas.

About the qualifications, what degree do you need to be a business consultant?

Most business consultants have made a good start with a bachelor’s degree or better, an MBA in business, finance, human psychology, social sciences, etc.

Below are some of the skill sets and qualifications that you must have in order to start your career as a business consultant:

• Fundamental knowledge of business, marketing, finance, business government, risk management, human resources, etc.
• In-depth knowledge in several intended fields that you want to be specialized in, a wide knowledge in all related areas and surrounding fields. The more those fields related to your main working field, the more you need to learn about it.
• Analyzing and assessing skills on data, on the market, on the business field and on the company itself in order to give out data-driven advice for the company.
• Problem solving skill, can be able to propose a profit-driven strategy in both short-term, and long-term scale.
• Communication skill and the ability to build trust between you and your client.
• Time management and emotion management.

Problem solving is one of the most important skills of a business consultant.

These skill sets and qualifications above are, of course, not everything that will make you a good business consultant. Indeed, continuously learning, improving and gaining more experience in this fast-changing world is what makes you go far in your career path.

Though some excellent business consultants in the world in fact may have no degree at all, but to make up for it, they are great business owners and investors with a treasure chest of experience in business, plus a sharp mind to open vision into the future and make world changing decisions.

Mentioning the experience, you may not need to be Mr. Know-All in every subject, but you need to have a heart full of curiosity, full of passion for continuous learning and improving in order to observe and analyze the market around you for the sake of your client.

Be curious about everything and be obsessed with improving yourself will help you not fall behind.

How to be the best business consultant for your client?

Only one piece of advice for you, just make use of all the qualifications and experience above, and consider your client as your family members, their company as your own child, and go.

You know that nothing can beat one’s vision, passion, and family. Be with your family and try your best to help them overcome their problem, or I should say, your own problem.

Consider your client as your family and be with them till the end.

How much can a business consultant make?

According to PayScale , the average salary of a business consultant in the world is around USD 77,500/year.

PayScale collected data and information from employers and companies worldwide, from new business consultants with under one year of experience to 20 years experts, in order to provide viewers the most accurate estimated salary figures in almost all positions and industries, including business consultant. In particular, the most experienced consultants with more than 20 years in the position can make up to nearly USD 120,000/year, a very big number in fact.

Besides, a new business consultant having only one year of experience is also well paid with the average salary of USD 66,000/year, quite an impressive number with a newbie in the area.

Your salary will vary based on several factors. They are the scope of work, your region, the scale (how big) of your client company, how prestigious you are, and more importantly, how well you do your job and please your client.

As we are witnessing many more companies are established all over the world everyday, each one of them having their own tons of problems throughout the company lifespan, that is when problem solving expertise is much more needed now than before. And the demand on business consultants also follows that need.

The average income of a new business consultant is impressive even for junior level.

Top business consultants of the world

According to the Consultancy organization , there are 5 leading companies in top business consultants in the world.

1. KPMG: An international business consultant offering audit, tax, and advisory services. KPMG was established in 1987 and now they have their offices in 155 countries with more than 155,000 employees in strict discipline.
2. McKinsey & Company: An international business consultant established in 1926 in New York. The company is a trusted partner of the world’s leading businesses, organizations, and governments.
3. Deloitte: A multinational consulting firm established in the UK in 1845 that is specializing in consulting services in audit, tax, financial advisory, risk management and so on. Deloitte now has their offices all over the world and a number of more than 350,000 employees worldwide.
4. Boston Consulting Group: An international business consultant that specializes in business management and strategy consulting. Beginning with a private company founded in 1963, Boston Consulting Group now has 80 offices in 45 countries worldwide and is increasing.
5. Bain & Company: An international business consultant established in the USA in 1973. Now with 63 offices in 38 countries, Bain & Company is helping out world leading businesses with their issue in operation, risk management, organization government, marketing strategy, technical consulting, and merge & acquisitions.
6. Ernst & Young: A professional multicountry audit consulting firm that was founded in the United Kingdom in 1989. The company is one of the Big4 - the 4 most professional audit firms of the world which includes KPMG, Deloitte, PWC, and EY. With 700 offices in 150 countries all over the world right now, EY is doing its job to provide professional audit service to the world’s leading businesses.

The Big4 companies in the business management consulting industry.

7. Korn Ferry: An international business consultant with its offices in 50 countries and more than 7,500 employers around the world. Korn Ferry is providing services such as: Organizational Strategy, Assessment & Succession, Talent Acquisition, Leadership Development, Rewards & Benefits
8. BearingPoint: An independent consulting firm established in the Netherlands in 1997, which is an expert in both Management and Technology fields. With 30 offices in 20 countries, Bearing Point is maintaining a good job in providing excellent services in 3 fields: Commercial, Finance, and Public Service for its European partners.
9. Cordence Worldwide: A global network of more than 10 prestigious consulting firms around the world with its head office in the USA. Having a network of consulting firms all over the world, Cordence Worldwide can be able to provide their clients with global and local expertise, resources, and infrastructure of Cordence Worldwide anywhere and anytime.
10. PA Consulting Group: An international business consultant providing a variety of services in Marketing Strategy, Digital Business Design, Agile, Business Intelligence & Analytics, and IT Transformation. Founded in 1943, PA Group now has more than 2,600 consulting experts serving customers in 25 countries. Their consulting is supported by 250 scientists, technicians, and engineering professionals from Cambridge.

 

 

Every company has a core value that needs to be discovered.

What does a freelance business consultant do?

A freelance business consultant can do everything from where they sit and help their clients from anywhere and at any time.

Of course, a freelance business consultant will have to find their clients on their own, including a company or an individual. However, they can have a flexible schedule to do their job. Which also means they can spend more time on the projects when they have a sudden idea coming up.

Another benefit when choosing a freelance business consultant compared to a business consulting firm, is that a freelance business consultant can be a more ideal choice for small and medium companies with a limited budget.

When more and more companies are established like today, business consultant job for freelancers is also becoming more abundant, which makes freelance business consultant job an ideal position among other jobs.

How to become a freelance business consultant?

Business consultant jobs for freelancers are everywhere now, when the world is becoming more flat and people can talk to each other in real time from anywhere in the world, finding a freelance job in general and a freelance business consultant job in particular is becoming easier now than before.

Choose your main area

You are working on your own as a freelance business consultant, you cannot handle things alone, so choose only one or two areas that you are good with and strengthen your experience within the field.

Set your rate of pay

Setting up your rate of pay for a freelance business consultant job beforehand will help you handle things more efficiently and quickly when it comes to actual work.

Build your relationship with other business owners and freelancers

A freelance business consultant needs a wide network of partners and clients in order to find a project. Let’s build one of your own and keep enlarging that network for more projects.

Create an online portfolio

A freelance business consultant has no chance to promote themselves in real life. You are basically working with people from any timezone so you need to have a ready-made portfolio online in order for the customers to find out about you anytime from their devices.

About the online promotion for freelance business consultant, papmall® is an e-commerce platform, and a freelance business consultant website that connects freelancers and business owners from many digital areas, including business consulting.

The freelancers can promote themselves and find their customers on papmall® for business consultant jobs. And business owners with their issue can contact freelance business consultants and improve their business performance. If you need a freelance business consultant website for promoting yourself online, papmall® is an ideal choice and will support building your professional profile as well as your network online.

Hire the best Business Consultants in papmall® here: papmall® Business Consulting .

In Conclusion

To become the best business consultant for your company, you not only need to have all the needed qualifications and experience mentioned above, hard work and dedication is also included in order for you to clearly understand and open your vision into what is going to happen in the future.

Every company has its own value and you have the mission to discover that value, bring it out and make it stand out and gain back benefits.