Starting A Consulting Firm in 2019? Here’s what you’ll need to know.
According to Source Global Research, Consulting is one of the fastest growing industries with a rising demand for digital initiatives. Consultants are largely positive about the market’s prospects for 2019. What all this basically means is that now is the perfect time to start your own consulting firm! Whether the focus is in Design, Management, Construction, Law & Engineering or Accounting & Economics, there are certain factors that can help any consulting firm succeed.
Collaboration Is Key
Arguably one of the most important factors, group collaboration can make or break an organization. There has been an explosion of collaborative technologies and approaches in the workplace. Many new software technologies are getting rid of the use of clunky email and instead replacing it with built in engines allowing for discussions and messages linked to specific projects, all located in a cloud. Linking your organization to a carefully conceived delegation system can help individuals and groups become more effective project managers and team members. The use of the cloud enables working together despite physical distances. Taking this into consideration, proper collaboration will align organizational goals and facilitates working together to meet those goals.
Automation isn’t scary, it’s necessary. When people talk about AI and the future of automation, they tend to bring up the end of humanity. Robots won’t take our jobs away, they will make things easier and faster. Innovators and leaders have been adopting the newest technologies and AI to help make decisions for them. With real-time intelligence, project managers, owners and controllers have access to the information needed to make these informed decisions. This is known as Business Intelligence (BI). BI encompasses a wide variety of tools, applications and methodologies that enable organizations to collect data from internal systems and create reports from this data. The benefits of BI are endless and help organizations reach their ultimate goal: create profit.
Collective Management Means Leaders not Bosses
There is a huge difference between just being a boss, and being a leader. The former means trouble and the latter means success. Now imagine having an entire team full of leaders. That is what collective management entails. By creating a workplace where all the employees are connected through a cloud, you can share intelligence, collaboration and collective efforts to create a consensus of decision-making. Having a team that’s able to see the status of every project and input their ideas along the way also allows for self-organization. Essentially you can create an organization that motivates and grows itself, but transparency is vital in this process.
There are many factors that contribute to a successful consulting firm, most of which will be learned as the organization grows. Implementing these 3 tips however, can send your organizations in the right direction right at the start!
What are you waiting for? It’s 2019, time to start your consulting firm! Check out GroupThinq to help you master these 3 tips and simplify your start to consulting.