The vast majority of people who start their own business consulting practice do so for the same reason I did. We got tired of the corporate rat race and wanted to have our own business where we could set our own hours and decide how much we wanted to work and earn.

If you want to save a lot of time and frustration, you should decide quickly what type of consultant you want to be. Generally, business consultants fall into one of three categories:

•  Independent Contractor – You are basically filling a role that would be filled by an employee, but are not on the payroll. This type of consultant is the easiest to migrate to from the corporate environment.
• Specialized Business Consultant – You have a particular skill set that makes you an expert in one specialized field. To be successful starting a specialized business consulting practice, you should have or develop tools and systems that would not be generally available and used by your clients.
• General Business Consultant- You have a broad business background that you want to use to help entrepreneurs. To be successful starting a general business consulting practice, you should have or develop tools and systems, such as MyBizPath, to help business owners achieve their goals by making changes across their business.

Becoming an independent business consultant is no different that starting any other business. Planning and thinking through the different possibilities shortens the time to success.

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