A Dream Come True The ins and outs of starting your own consulting service
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Whether you've been laid off from your corporate job oryou're just ready to strike out on your own, you're notalone if you dream of starting a consulting business. To make thatdream a reality, Joseph Riggio, CEO and president of JS Riggio International Inc. inMahwah, New Jersey, has developed a program to help aspiringentrepreneurs launch consulting businesses.
First, says Riggio, pick a point of entry where you already haveexpertise and familiarity. What are you passionate about? "Themore specific, the better," he says. "Think about it asthough you're entering a funnel from the small end." Betightly focused and position yourself in that small area-youcan't be all things to all people. Use your specific expertiseto persuade your first few critical clients to take a risk on you;only then can you expand your horizons a bit.
Second, present benefits that are recognizable and tangible toyour potential clients. Whether you're a weight-loss consultantor a small-business consultant, make it personal. "If I cansay to [a client], 'I'm going to show you how to loseweight or how to stop smoking or how to make a milliondollars,' [the client] can understand that," saysRiggio.
When it comes to the practical side of pricing your services andmarketing yourself to the local community, Riggio suggests findingout what similar consultants charge. If there are no similarconsultants in your area, price yourself according to what localtherapists charge per hour.
Finally, get your name out there-establish your expertise as aspeaker with local business associations, the chamber of commerceand colleges. "Talk to everybody you know and everybody youmeet about what you're doing," he says. "Ifyou're not talking to everybody, you're not going to getthe business." For more information about Riggio'sprogram, log on to www.jsri.com.
