Passionate about startups and love working with them? Here is an exclusive guide on how to set up your startup consulting business. Read on!
Startup consulting is a service provided to small businesses and new startups by professionals. They advise businesses and companies on fast and efficient planning, developing, and launching of new products. In this blog, we will read more about startup consultant’s job profiles, qualifications, educational requirements, etc.
What is a startup consulting?
Startup consulting is a strategy for small business to hire a professional consultant who collects data, analyzes the gathered information, prepares reports, and provide recommendations based on the findings. These startup consultants are hired for the short term and focus on high-level strategy instead of executing tasks or managing team members directly.
Startup consultants have both expertise and experience to help businesses save money, time, and aggravation. Startups hire consultants to assist them during the early steps of the enterprise. Having expert advice onboard can significantly improve the chances of success by avoiding any costly mistakes.
Top 15 startup consultants career paths
As startup consultants, professionals can pick different career paths based on their interests, knowledge, and skills. Certifications are particularly helpful in getting recognized as an expert in a particular path. Let us discuss the top 15 startup consulting career paths available to all professionals,
1. Accounting consulting startup services
A startup consultant, expert in managing and looking at finances, is needed by every company. Startups and small businesses can find managing finances and accounting to be daunting but it is one of the most important areas that must be set up accurately.
Handling finance in startup consulting is done by an individual who specializes in financial management and can come onboard to adjust budgets, set up payroll, or help with taxes.
2. Start-up consulting in IT
Another startup consulting path can be pursued in the field of IT. When a business is in its initial stage, it gets a little tricky to choose the right technology and getting the system set up efficiently. Small businesses hire consultants to help them choose proper technology and ensure that the systems are set up correctly and efficiently. Startup consultants can assist in identifying technological inefficiencies and provide solutions to improve.
3. Startup consulting firms in sales and marketing
If you’re interested or have expertise in sales and marketing, you can easily choose this career path in the field of startup consulting. Their job role includes coming up with a digital strategy, a marketing campaign, work on web development, or train staff members. If a company is facing problems with the performance of its sales team, startup consultants will observe, identify problems, strategize and implement a solution.
4. Reporting entrepreneur consultant
Startup consultants can help companies in reporting by either gathering analytics and reports or by analyzing the existing reports and collected data. Consultants hired for this role are generally working on a long-term basis. Companies require the guidance of a startup consulting professional to understand gathered reports or analytics and help businesses take smart business decisions based on the understanding. Startups doing this themselves might end up misinterpreting the data or not being able to comprehend it.
5. Start-up services like change management
Startup consultants can help small businesses implementing changes properly for better results and improved productivity. Businesses that require assistance with changes hire startup consulting services to assist them.
Professionals working in change management provide a systematic approach to deal with the transition or transformation of an organization’s goals, processes, or technologies. The purpose behind change management is to control change and help people adapt to change in an efficient and seamless manner.
6. Small business startup consulting
Small business startup consulting professionals give advice on business strategy, development, and problem-solving skills. Their role is to come up with resources and initiate a plan to improve an organization’s performance and productivity.
Startup consultants can specialize in certain areas such as accounting, operations, human resources, management, marketing, or public relations. Small business consultants are hired by small businesses on a contract basis for their expertise, skills, experience, and industry knowledge.
7. Operational Improvements as a new business consultant
New business consultants are consultants who help their clients through statistics, strategy, and analytics. Clients get professional startup consultants onboard to plan critical steps for their startup. Startup consulting services help outline and implement operational improvements.
Operational improvements are a fundamental requirement for any organization that wishes to succeed in today’s fast-paced environment. It helps businesses stay relevant and avoid falling behind in these changing and challenging times.
8. Project management consulting startup
One of the major areas where companies need the help of an external consultant is for project management. Startup consultants help companies when they have to launch a new project but none of the employees from their team has experience with project management. Small businesses either hire startup consulting to work on a contract basis or train their employees on how to handle the project. They also help improve the organization’s project management.
9. Forecasting new business consultants
When a small business is starting out, there have to be projections and forecasts to comprehend how things will go in the near and distant future. However, it’s not easy for a small business to forecast with limited time, resources, or personnel to help them gather data and analyze it. In such cases, companies hire external startup consultants who will work with the company and put together proper projections.
10. Strategic planning business startup services
The main role of startup consultants is to identify issues, strategically plan solutions, and aid in their implementation. At the core, startup consulting is about providing creative business solutions and help small businesses work more efficiently.
They help plan strategic messaging and launches to ensure profitability and success. Businesses hire startup consultants either on a contract basis or onboard their services full-time to handle services that they do not fit to handle themselves.
How to become a business startup consultant?
Business startup consultants are recognized as experts who advise small businesses in their nascent stage. They are experienced in helping startups achieve success by reducing time and cutting costs. Here are the steps to launch a career in the field of startup consulting,
1. Attend college to join consulting startups
At least a bachelor’s degree in business, business management, or other relevant fields is required to work in the startup consulting field. To gain more knowledge and an edge over other candidates, professionals can get a master’s degree as well. Few consulting firms prefer a master’s degree.
2. Gain experience by startup consulting jobs
To earn the trust of your business partners, you will need to showcase some experience in the startup consulting field. Getting an internship with consulting firms will help you get the required skills and tools to start working on your own as a business startup consultant.
3. Become certified as start-up business consultants
Certification is not mandatory but is definitely good to have on top of the degree. Get certification in the industry in which you are interested in working. Getting certified helps gain credibility as a consultant. Make sure that the certification is accepted globally.
4. Apply for open positions in start-up consulting firms
After successfully completing your education, attaining certifications relevant to your field, and gaining certifications, you have developed the required skills for becoming a startup business consultant. It’s time to start applying for open positions in startup consulting firms or work as an independent consultant.
5. Develop skills as a startup consultant
There are certain skills that are essential to work as a consultant such as good communications skills, presentation skills, analytical skills, consulting skills, problem-solving, teamwork skills, etc. Work on developing these skills while working as an intern or during your entry-level job position.
Qualifications to become a startup consultant
While getting a certification is not a requirement, it definitely helps to set you apart from the rest. Certifications will add to your profile and will help clients gain confidence in your skills and expertise. Here are some of the certifications that can be pursued to have a career in startup consulting,
- Institute of Management Consultants USA’s (IMCUSA) Certified Management Consultant – Preeminent professional designation for management consulting
- Institute of Certified Business Consultants’ Certified Business Consultant – A diploma in Business Administration course is a pre-requisite
- The Association of Accredited Small Business Consultants – The AASBC is the world’s leading training certification and education program for small business and SME consultants.
- American Institute for Business Management and Communication’s Certified Business Consultant – Get certified by one of the most renowned institutes in business management and communications in the United States.
- Institute of Financial Consultants’ Certified Financial Consultant – A 100% online course