How to be a Business Consultant

Do you wish to be a business consultant? In order to be a business consultant requires you have education, commitment, and are able to gain clients to consult their business. This job career can open a number of opportunities down the line for you. If you’re interested in learning how to be a business consultant. Here is some basic information you will need to know.

Description of a Business Consultant

how to be a business consultantBusiness consultants analyze the practices a company currently has at the time. They then make recommendations for how the company can improve in these areas. People involved in this career field often specialize in one area of the business management spectrum. For example, human resources. There are different consultants for each area of business such healthcare consultant who would be involved in developing a distribution center or employee training program. While a shipping department may decide to hire a logistics business consultant in order to streamline their department.

Business consultants don’t only make recommendations either. The duties for this job field can vary greatly and acquire a unique approach for each business approached. Business consultants have to have a good understanding not only of their clients. They need to understand the wishes the client has in order to fix or improve their business. This can mean analyzing business practices, reviewing financial statements, and even evaluating competitors.

Once a business consultant has complete their research. They have to develop a new business model for their client or even prepare recommendations. They then present this information to the client and work with them on how to improve their business. Its hard work and requires a delicate hand. Each client is different and a business consultant has to adjust their approach accordingly each and every time they do a presentation.

Requirements for Becoming a Business Consultant

In learning how to become a business consultant there are a number or requirements people will have to meet. The minimum requirement is a bachelor’s degree in business management or business administration. There are other business related fields recommended for this job such as accounting or marketing in order to enter the career field. There are courses in business programs as well that include communications, accounting, marketing, management principles, business law, and financial modeling.

In order to improve the best chances of becoming a top tier business consultant. Receiving an advanced degree like a Master of Business Administration (MBA) with a specialization in consulting goes a long way in career possibilities. There is also the chance of being able to go for a higher starting salary. Programs involved with the MBA usually include courses like business employment, strategic management, and consulting practices.

Certification & Job Outlook for Business Consultant

Learning how to become a business consultantSo, what does the job outlook for a business consultant look like? It’s not a job brought up often, but one people should at least know about. Business consultants play a big role in helping businesses to improve themselves. Even finding ways for old businesses to streamline their current business models.

Employers may prefer consultants who have a certification. The Institute for Management Consultants does offer the Certified Management Consultant credential to business consultants who pays their series of oral and written exams. The certification does last for three years, but it can be renewed through either academic courses or the other requirements set by the IMC in the US.

The prospect for this career field has been steadily on the rise. According to the Bureau of Labor Statistics business consultants are categorized as only one type of management analyst. The BLS expects the employment for management analysts to increase by at least 19% between 2012 to 2022. The annual median salary for analysts was $79,870 in May of 2013.

Business consultants have a huge responsibility on their shoulders. They have to not only adjust their approach and presentation to the type of business they are analyzing. It may be required they look at every aspect of the business and spend quite of bit of time doing research. Once they do that the business consultant has to take into consideration if the suggestions to improvements they make will benefit the business in the long run.

Learning how to become a business consultant requires many years of study. Even the minimum requirements will require a bachelor’s degree. In order to get the most out of being a business consultant. Specializing in one area will go a long way to opening job opportunities for the future. However, all the study and hard work pays off in the end.

Being a business consultant can be very rewarding. Helping old businesses to streamline themselves so they can move more product and become more efficient is very rewarding. Consider learning how to become one and to pursue this rewarding job field.

 

A Super Power

super-bowl-tv-adsIt might be said that there are not many holidays made especially for men, but between the holly and lights of Christmas and the chocolates and hearts of Valentine’s Day sits one very special Sunday.

Super Bowl Sunday.

A holiday for really any sports fanatic, the Super Bowl welcomes fans of football, clever advertising, food, and a reason to get together with friends and family.

And speaking of advertising, in 2015 a thirty-second spot airing during the showdown between the Seahawks and the Patriots will cost a company as much as $4 million this year.

$4 million!

And that’s just for the ad space. Don’t forget to factor in the cost of producing the commercial, and hiring talent. But is it worth it?

How many of those products or services do you actually remember from the commercials? What is a company’s return on investment from these extravagant marketing expenditures and how do you know if it’s been successful?

The most successful Super Bowl ads have one super power that differentiates them from the rest. They know their audience.

An advertisement can be clever, funny, poignant, touching—but if you don’t remember the product or service the ad was selling in the first place, did it succeed? If it doesn’t speak to the target market you want using your product, then your $4 million ad might as well be a thirty-second sneak peek at a weekly sitcom.

Achieving a successful Super Bowl ad is much like creating a successful consulting business. First and foremost you have to know your audience and what drives them to want to hire you. You have to speak their language, understand their likes and dislikes, listen to their feedback, and then, most importantly, follow through. In today’s world, it is much too easy to change the channel or click off a web page. By knowing your audience, you will engage them at the get-go, and then, hopefully, leverage that momentum to being building a long and fruitful relationship.

Business Consulting Expert Mac N’Daw Publishes New Article Discussing The Common Sense of Consulting

Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, talks frankly about the conflict of common sense in consulting.

Washington, DC – February 18, 2015 – Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, recently published an article on his website (LINK) discussing the notion that common sense can be used to make your consulting business more money. The article, titled “Common Cents” talks to consultants about the common sense approach.

Mac N’Daw writes, “I am not saying consulting is easy. On the contrary, the illusion that it is easy makes it even harder. It also makes it necessary to have a solid foundation of business consulting experts you can lean on and rely on when you need advice, continuing education, and mentorship.”

Business Consulting Masters, LLC, teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

The entire article can be found at http://www.businessconsultingmasters.com/common-cents-business-consulting/

To learn more about Business Consulting Masters, LLC, please visit http://www.businessconsultingmasters.com/

About Mac N’Daw:

Mac N’Daw is the CEO and Chief Consulting Officer of Business Consulting Masters, LLC, a company that teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

Mac, also known as the “Business Consultant’s Consultant”, has more than 33 years of experience in transnational investments (debt and equity), corporate finance and restructuring, strategic analysis, syndication, and joint-ventures.

He has visited, conducted workshops, participated in seminars and delivered speeches and talks in 67 countries located in 4 continents (Africa, Asia, Europe, and North America).

Mac speaks fluent French, English, Spanish, and has a working knowledge of Portuguese. His hobbies include soccer, American football, basketball, tennis, reading and salsa music.

Mac has been a Chartered Financial Analyst (CFA) since 1993, holds a B.S. in Finance and Multinational Enterprise from The Wharton School (1979), an M.B.A and an M.A. in Agricultural Economics from Stanford University (1986), and attended The Harvard Business School Executive Development Program (1998).

Common “Cents” Approach to Business Consulting

BCMconsultingMuch of what you might read in business consulting books or blogs might seem like common sense. And in some ways, it is. But if those naysayers profess business is just common sense, then why don’t so many consultants or businesses follow it?

It is because so much of it is “easier said than done.”

It is a lot easier to say, “be a mentor,” then it is to actually be one. It’s easier to tell a client, “set aside one day each month to focus on your goals and track your progress in reaching them” then it is to do that for your own consulting business. Tell someone they need to “start networking” and then find yourself making your own schedule so full you don’t have time to develop new business prospects.

Have you ever heard that doctors make the worst patients? Think of the strategies and services you offer your clients, then turn it around and apply it to your own consulting business. Then you can start turning your common “sense” into common cents, or even better, dollars.

And the irony is, doesn’t this also sound like common sense? It does because it is but that is the point I am trying to make.

I am not saying consulting is easy. On the contrary, the illusion that it is easy makes it even harder. It also makes it necessary to have a solid foundation of business consulting experts you can lean on and rely on when you need advice, continuing education, and mentorship.  That’s where we come in!

Having a network of trusted advisors is key to owning and operating your consulting business. We are the consultants for consultants. Contact us today to see how we can help!

Business Consulting Expert Mac N’Daw Publishes New Article Sharing Advice in the New Year

Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, Gives Business Consultants Ideas on Why Reflecting on the Year Behind is Just as Important as Making New Year’s Resolutions.

Washington, DC – February 4, 2015 – Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, recently published an article on his website (LINK) sharing the importance of a year in review. The article, titled “Look Back So You Can Move Forward” gives business consultants a different perspective on preparing for the new year.

Mac N’Daw writes, “As 2015 begins, it can be easy to get caught up in making New Year’s resolutions and leaving the year behind to get ahead. And while making resolutions and setting goals is always a good thing to do in your consulting business, it is equally important to take the time to reflect on the past year.”

Business Consulting Masters, LLC, teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

The entire article can be found at http://www.businessconsultingmasters.com/look-back-so-you-can-move-forward/

To learn more about Business Consulting Masters, LLC, please visit http://www.businessconsultingmasters.com/

About Mac N’Daw:

Mac N’Daw is the CEO and Chief Consulting Officer of Business Consulting Masters, LLC, a company that teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

Mac, also known as the “Business Consultant’s Consultant”, has more than 33 years of experience in transnational investments (debt and equity), corporate finance and restructuring, strategic analysis, syndication, and joint-ventures.

He has visited, conducted workshops, participated in seminars and delivered speeches and talks in 67 countries located in 4 continents (Africa, Asia, Europe, and North America).

Mac speaks fluent French, English, Spanish, and has a working knowledge of Portuguese. His hobbies include soccer, American football, basketball, tennis, reading and salsa music.

Mac has been a Chartered Financial Analyst (CFA) since 1993, holds a B.S. in Finance and Multinational Enterprise from The Wharton School (1979), an M.B.A and an M.A. in Agricultural Economics from Stanford University (1986), and attended The Harvard Business School Executive Development Program (1998)

Look Back So You Can Move Forward

SAs 2015 begins, it can be easy to get caught up in making New Year’s resolutions and leaving the year behind to get ahead. And while making resolutions and setting goals is always a good thing to do in your consulting business, it is equally important to take the time to reflect on the past year.

Why? Here are a few clichés to explain what I mean.

History can and will repeat itself.

As a business consultant, it is imperative to look back on the year and evaluate where you had successes and where you could have improved. Hopefully if you set goals the previous year, you can gauge how well you hit your marks by analyzing your measurables. Did you net the income you hoped? How many new client relationships did you develop? Were there any failed projects? What made them fail? How can you prevent that from happening again?

By evaluating your success and failures from the past year, you can put strategies in place to ensure they do, or do not, happen again.

Learn from your mistakes, but don’t let the past define you.

Mistakes are okay. Without them, there would never be room for improvement. And nobody’s perfect so there will be mistakes. The key is to learn from them and the best way to do that is to scrutinize them and see why they were made in the first place. That can be difficult if the only thing you would like to do is forget it ever happened. But that’s risky business.

Ignoring past mistakes causes you to miss out on opportunities to not only learn how to avoid them, but also reflect on what you learned from them. They shouldn’t define you or your business. After all, taking note of them allows you the opportunity to define the type of business you want to be moving forward.

Time flies when you’re having fun, just make sure to stop and smell the roses every once in a while.

A lot can happen in one year and likewise, a year can go by extremely fast. As a business consultant it is easy to get caught up in the adrenaline of the work, the details of day-to-day consulting, and the lengthy duties of being your own boss. If you are doing what you love then it makes it all the more likely that time is flying. Reflecting on the year behind you gives you the opportunity to find gratitude in everything you have been able to accomplish. Celebrate it. And then do it all over again next year.

Business Consulting Expert Mac N’Daw Publishes New Article Sharing Tips for Business Consultants to Survive the Holidays

Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, Gives Business Consultants Six Tips to Consider When Trying to Survive the Holiday Season.

Washington, DC – December 2, 2014 – Mac N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, recently published an article on his website (http://www.businessconsultingmasters.com/) sharing tips to survive the holidays as a business consultant. The article, titled “Survive and Thrive During the Holidays” gives business consultants six ways to ease the stress of the holiday season.

Mac N’Daw writes, “Many businesses have their fiscal year follow the calendar year. If this is the case for your consulting business, make sure to set aside a day or two to get all of your bookkeeping, billing, filing, and administrative duties taken care of. Leaving the office in one piece will give you peace throughout the holiday.”

Business Consulting Masters, LLC, teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

The entire article can be found at http://www.businessconsultingmasters.com/survive-and-thrive-during-the-holidays/

To learn more about Business Consulting Masters, LLC, please visit http://www.businessconsultingmasters.com/.

About Mac N’Daw:

Mac N’Daw is the CEO and Chief Consulting Officer of Business Consulting Masters, LLC, a company that teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients.

Mac, also known as the “Business Consultant’s Consultant”, has more than 33 years of experience in transnational investments (debt and equity), corporate finance and restructuring, strategic analysis, syndication, and joint-ventures.

He has visited, conducted workshops, participated in seminars and delivered speeches and talks in 67 countries located in 4 continents (Africa, Asia, Europe, and North America).

Mac speaks fluent French, English, Spanish, and has a working knowledge of Portuguese. His hobbies include soccer, American football, basketball, tennis, reading and salsa music.

Mac has been a Chartered Financial Analyst (CFA) since 1993, holds a B.S. in Finance and Multinational Enterprise from The Wharton School (1979), an M.B.A and an M.A. in Agricultural Economics from Stanford University (1986), and attended The Harvard Business School Executive Development Program (1998).

Survive and Thrive During the Holidays

Screenshot 2014-11-26 10.10.36

For any business or individual, the holiday season is wrought with overbooked schedules, mile-long to-do lists, stressed-out gatherings, and stretched wallets.

As a business consultant, it is no different except for one caveat—you have all of these listed above to deal with as well as each of these for each of your clients. So, in the spirit of the season that is upon us, here is a list of holiday-related tips to help you and your business survive the holiday season.

1. The one and only—take time for yourself.

The holidays are about spending time with loved ones but amid the obligated parties and meals, make sure that you schedule time for yourself. Work-life balance is possible as a business consultant, it just takes proper planning.

2. Spread the cheer and the news.

If you are taking time off for the holidays, make sure your clients know! If you send out a newsletter, be sure to include the dates which your business will be closed. Set your out-of-office message on your phone, your e-mail, and if you have one, your website. As a business consultant it can be hard to take off lengths of time so if you need to, schedule a day or two during your time off to check messages. It will allow you to stay on top of immediate needs without checking your inbox so much that it does not even feel like vacation.

3. Make a list. Check it twice.

And cross items off! Start with the easiest, less involved tasks first. You will feel more productive and motivated with the more tasks you complete. Think of it as a snowball effect!

4. Give, give generously, and give uniquely.

A really nice way to thank your clients for their business is to make a donation in their name to a charity that you or your client are passionate about. Not only does it make you stand out among the rest, it is also a nice tax write-off for your business. So this year, avoid the fruit basket and basket of jams. A unique end-of-the-year gift to a client will help them remember you for years to come.

5. Organize your workshop and get those books in order.

Many businesses have their fiscal year follow the calendar year. If this is the case for your consulting business, make sure to set aside a day or two to get all of your bookkeeping, billing, filing, and administrative duties taken care of. Leaving the office in one piece will give you peace throughout the holiday.

6. Thank your elves.

If you have employees, be sure to include them in your gift giving. Even if you are not in the position to hand out bonuses there are many ways to let your employees know how much you value their teamwork. Take them to lunch, give them extra time off, or throw a holiday get together where they can bring their family or friends. Happy elves make happy sells.

Macodou N’Daw, CFA Hits Amazon Best-Seller List With New Book, “Transform”

Business Consultant Macodou (Mac) N’Daw recently hit two Amazon.com best-seller lists with the new business book, “Transform,” co-authored with best-selling author and speaker Brian Tracy.

Potomac, MD – November 14, 2014 – Macodou (Mac) N’Daw, CEO and Chief Consulting Officer of Business Consulting Masters, LLC, recently joined noted business development expert, best-selling author and speaker, Brian Tracy, along with a select group of the world’s leading experts, to co-author the book titled, Transform: The World’s Leading Entrepreneurs and Professionals Get to the Heart and Soul of Transforming your Life, Business & Health. The book was released on September 18, 2014 by CelebrityPress™ – a leading business book publisher.

On the day of release, Transform reached best-seller status in two Amazon.com categories – reaching as high as #6 in the “Direct Marketing” category. The book also reached best-seller status in the “Marketing and Small Business” category. Mac N’Daw contributed a chapter titled, “Are CEOs and Business Experts Helping or Hurting U.S. Companies?”

Business Consulting Masters, LLC, is a company that teaches aspiring as well as established consultants how to get engagements on a consistent basis and how to add great value to clients. Mac, also known as the “Business Consultant’s Consultant”, has more than 33 years of experience in transnational investments (debt and equity), corporate finance and restructuring, strategic analysis, syndication, and joint-ventures. During his 27-year tenure at the International Finance Corporation (IFC), the private arm sector of the World Bank, Mac consulted, supervised and advised on projects located worldwide and in various sectors such as mining, telecoms, agribusiness, fisheries, aquaculture, etc. His last position at the IFC was Associate Director in charge of a world-wide portfolio of 105 projects totaling US$1.5 billion, with Argentina, Brazil, China, India and Ukraine holding the lion’s share.

He has visited, conducted workshops, participated in seminars and delivered speeches and talks in 67 countries located in 4 continents (Africa, Asia, Europe, and America). Mac is also the owner of a real estate company (www.imacrealty.com), which invests in single families residences and apartments buildings nationwide. Mr. N’Daw has been featured as a guest on NBC, CBS, ABC and FOX network affiliates around the country on the TV show “America’s PremierExperts®.” Watch Mac’s interview here: businessconsultingmasters.com/media-kit.

Mac has been a Chartered Financial Analyst (CFA) since 1993, holds a B.S. in Finance

and Multinational Enterprise from The Wharton School (1979), an M.B.A and an M.A. in Agricultural Economics from Stanford University (1986), and attended The Harvard Business School Executive Development Program (1998).

CelebrityPress™ describes the book:

When we think of transformation, we automatically think of metamorphosis or change. One of the first metamorphoses we discover as a child is the universally- quoted change of the caterpillar into the butterfly. The positive symbolism of this transformation is liberally applied to illustrate the change from ‘ugly duckling’ to ‘elegant swan’ in all fields.

This symbolism readily transfers to just about any change for the better. The guidance of individuals who have experienced positive change with mentoring, have taken calculated risks and enjoyed accomplishments in their field, may be seen as role models. We also note that the transformations of the PremierExperts® in this book are not limited by ‘dollars and cents’ measurement, but include body, mind and soul accomplishments.

The transforming experiences discussed by the PremierExperts® in this book cover many subjects including positive mindset changes, changes wrought by perseverance, passion, due diligence, restructuring, technology, systems, techniques, etc., …in fact, they cover positive changes that cut across numerous disciplines and fields.

After such a successful release, Mac N’Daw was once again recently recognized by The National Academy of Best-Selling Authors™, an organization that honors authors from many of the leading independent best-seller lists.

The royalties from this project will be given to Entrepreneurs International Foundation, a not-for-profit organization dedicated to creating unique launch campaigns to raise money and awareness for charitable causes.

Learn more about Mac N’Daw at http://www.businessconsultingmasters.com/

About Celebrity Press™:

Celebrity Press™ is a leading business, health and wellness book publisher that publishes books from thought leaders around the world. Celebrity Press™ has published books alongside Jack Canfield, Brian Tracy, Dan Kennedy, Dr. Ivan Misner, Robert Allen and many of the biggest experts across diverse fields. CelebrityPress™ has helped launch over 1400 best-selling authors to date.

Learn more at http://www.celebritypresspublishing.com

The Results Are In: Small Business is Big Business – Get Out to Stand Out

Small-Business-Owner-Regrets-and-DifficultiesIt goes without saying that the recent mid-term elections had quite an effect on the state of affairs in Washington. But despite the sweeping GOP wins across the capital and concern of partisan gridlock with the Democratic executive branch, your everyday life as a small business owner and your clients will improve according to a recent Forbes article.

Despite opposing views on most issues, Democrats and Republicans agree that small businesses are big business. Hopefuls anticipate that government legislation will lean in the favor of small businesses and while the troubled economy and slow job growth continue to be the major concerns of most Americans, investing in small businesses through tax reform and incentives while reducing red tape will foster growth in jobs and consumer spending.

As a small business owner, that is a win for you and for your clients, but it is also an opportunity to flex your consultant muscle, sharpen your business, and stand out.

Why? More jobs mean more business. More business means more competition. More competition means you have to differentiate yourself from the pack to keep your business competitive with the rest.

That is where we can help. In the meantime, here are a few ways to make sure your consulting business stands out from the rest in a growing economic time.

1. Have an online presence and make it a good one.

This might seem like common sense but too often businesses either do not have an online presence or do not keep it up to date with fresh and correct content. You do not have to have a full website, but a complete and well thought out LinkedIn profile and page can be just the trick you need to make connections with potential clients and advertise your business.

2. Find your niche.

It can be easy to want to accept all clients that come your way but that can also easily spread your business too thin. Know your strengths. Better yet, know your weaknesses. Then, highlight what makes you the right person for the job. And highlight it online.

3. Stand out by getting out there.

Most business in the consulting world comes from personal referrals and word-of-mouth advertising. You can’t get either one of those if you stay in the office in front of the computer all day. Join a local chapter of business consulting professionals in your area. Become a board member for a non-profit organization that you are passionate about. Go to networking events with a handful of business cards, a smile, and a firm handshake. Don’t forget your 45-second pitch either.

Then call us! We are consultants who are here to help consultants.

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