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Starting up as an independent

 
#1 Starting up as an independent
22/06/2001 00:00

Richard Harrison

I am in the process of setting up and starting my own independent consultancy. Services will include strategy, e-strategy and creative problem solving. I would welcome any advice on things I should consider for example; what are the pitfalls? What are the things I must do? Any advice gratefully received.

Thanks.

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#2 Re: Starting up as an independent
25/06/2001 00:00

Ebele Okeke

Firstly consider your target client base. who will use your service. how will you compete with the larger firms. find yourself a niche market. There a good book called "The Business Of Consulting " which you may find usefull

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#3 Re: Starting up as an independent
27/06/2001 00:00

Peter Hale

I have just gone through this process myself.

The previous message is key. Think about who you are going to target and why they are going to buy your services rather than someone else's. What will you offer them ?. A good site to visit is bizwise.co.uk. There are a lot of people in this space so you need a good offering.

regards

Peter

www.teneric.co.uk

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#4 Re: Starting up as an independent
28/06/2001 00:00

David Bosomworth

Richard,

I have just done the very same thing - same space as yourself - drop me a line, I'm happy to share some of the good/bad and ugly things, and one of the most important things in this business is your network of contacts

Regards

David Bosomworth

Mobile : 07866 776 141

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#5 Re: Starting up as an independent
29/06/2001 00:00

Winston Sotubo-Duncan

Richard

I am struggling as a new Consultancy, but I am confident that the jobs will come. I am in HR consultancy. My advice is that you may like to consider what status your company is going to have. Unless you have colleagues who want to join you, I would suggest that you go for sole agency in the beginning. I am sorry that I can not offer any more than that.

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#6 Re: Starting up as an independent
29/06/2001 00:00

Winston Sotubo-Duncan

Richard

I have no more to say than the message that I have just sent to you. However, you may like to consider the status of your company. I believe that I said sole agency in my last message, I meant sole trader.

Regards

WSD

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#7 Re: Starting up as an independent
29/06/2001 00:00

Maria Lluch

Richard,

I have been working so far for an e-consulting firm that grew quite fast, and I lived part of their development... maybe if you are interested we can have a chat...

Regards,

M

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#8 Re: Starting up as an independent
29/06/2001 00:00

Maria Lluch

Richard,

I have been working so far for an e-consulting firm that grew quite fast, and I lived part of their development... maybe if you are interested we can have a chat...

Regards,

M

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#9 Re: Starting up as an independent
29/06/2001 00:00

Tom Hunn

Richard, You may have heard it before but the soundest advice I can give concerns the day-to-day running of the company since you're probably very good at what you do but...keep meticulous accounts on a daily basis and check and update your cashflow forecast on a monthly basis. Don't forget to bill the client for ALL out-of-pocket expenses you incur. Good luck, Tom Hunn

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#10 Re: Starting up as an independent
02/07/2001 00:00

Sven

Hi Richard,

I did just that 2 1/2 years ago - set up an e-Business consultancy! Think very carefully, and get some clients before launching the affair - we're going through our 4th cycle of evaluating what clients really want (actually they don't know what they want, and we spend half our time helping them understand how we can help them, rather than helping them). This is an embryonic market in many senses of the term, BUT with a very strong apect that is very much in the aging part of a life cycle, which is very hard to break - consulting is all about reputation and stability (all clients want references and experience in their industry, and if you have been in business for 10 years then its better! It's a very cruel world for newcomers.

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#11 Re: Starting up as an independent
09/07/2001 00:00

german beroiz

Hi there!

I am a strategy consultant working for Accenture. I want to move to London and wonder if you need a partner to start your new consultancy firm.

I have experience in ecommerce. Please let me know if you want me to send you my resume,

Best regards,

German.

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#12 Re: Starting up as an independent
20/07/2001 00:00

Thanks to all those who have contributed. The tips and comments have all been very useful.

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#13 Re: Starting up as an independent
20/07/2001 00:00

Richard Harrison

Thanks to all those who have contributed. The tips and comments have all been very useful.

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#14 Re: Starting up as an independent
25/07/2001 00:00

D-man

Hi,

I would be interested in talking to you regarding a collaboration. The services on offer are appealing to me and there might be a match in terms of skill-set.

regards

d-man

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#15 Re: Starting up as an independent
10/01/2002 00:00

Bobby

Hi Richard Harrison

did I work for you for a while in Norwich? I worked with another consultancy firm. If so, would love to hear how you are getting on with this venture. You can still contact me at my old email address or through the switchboard at that firm. Best wishes, Bobby

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