Business Consulting Business Plan in Nigeria

Business Consulting Business Plan in Nigeria

Our Sample business consulting business plan in Nigeria and feasibility study is up to date and can be used to access grants, loans and proposal writing in Nigeria and abroad. Furthermore,this article will be answer the following questions for you:

Also Read: Marketing Company Business Plan in Nigeria

• Overview the business consulting industry in Nigeria
• How to start a consulting firm in Nigeria

To get your sample business consulting business plan in Nigeria, pay N30,000 to:

BANK NAME: FIRST BANK PLC

ACCOUNT NAME: CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, text your full name, email address and title ( i.e. consulting business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

Read On!

Owning a consultancy firm is very profitable as businesses in Nigeria continue to demand for specialists in critical sectors of their business. This need becomes vital if the service is not economical to put it on the recurrent payroll of the company. There is no particular yardstick for becoming a consultant other than the fact that you must have a particular knowledge or skill set that people will be willing to pay for. Having an academic qualification is not a requisite for starting up a consulting business. Although it can be an added advantage, experience has the greater advantage for ensuring success. As a consultant, all that is required is to solve business problems, handing out tips that improve service and sometimes training staff of your clientele. Truth be told, you can consult on anything; the real concern is, whether people would be willing to pay for it or not. You could also consult for individuals.

Let us delve into the business of starting a consulting enterprise.

Firstly, you must have a clear vision of what you want to consult on. You could be a specialist in the field from academic studies or something you took interest and developed till you excelled. You cannot be a jack f all trade and consider yourself a consultant. You need a niche. You need to be known for something. For instance, you could be a web consultant, agro consultant, financial management or human resource consultant. Find your niche and establish yourself in it.

Tips to starting a consultancy Firm in Nigeria

Are you creative? Do you like challenges? Do you have passion and resilience? If you have the requisite knowledge, in addition you really could excel in running a consultancy firm.

The following pointers will benefit you in establishing your own consultancy firm;

1. Hone your Area of Expertise

As stated earlier, you must be knowledgeable in an area of interest. If necessary, run certifications to improve your knowledge base and equip you for business. You do not want to be looked at as a dummy or an amateur. Gather every knowledge or skill set that will ensure your continued existence. In this profession, you must always keep up with new trends. Your clients expect you to know much more than them. If you fail at this, you could end up closing up shop even before you take off.

2. Be Smart

Being knowledgeable makes you have a high level of confidence. You should have the poise to establish your presence. You cannot be shabby looking or incoherent. Being smart also means you are organized even when things are not going well, you have to maintain composure.

3. Set Goals

Set realistic short-term and long term goals. This will help you to measure your rate of and growth as well as weigh if this growth is commensurate with the time and energy expended. Try as much as possible to meet targets and deadlines.

4. Network and Market your Firm

Your firm will only survive on the contacts it has access to. Handout your business cards, attend conferences and workshops that revolve around your niche. Sometimes, it may be necessary for you to answer questions during some of this avenues you avail yourself of to get noticed. A consultant is never timid. You always have to get yourself into peoples’ faces. Do not get lost in the crowd. Stand out.

Tips to establishing a consultancy firm in Nigeria

It is expected that by now, you know exactly the area you want to consult in as well as having the required academic and/or professional qualifications that can grant you access in the industry.

1. Draw out a Business Plan

As it is with any business, a business plan is a vital step in ensuring success of starting your law firm. Here you determine all that you need in line with your projections. This will serve as a guide during starting and a meter to appraise your business as you progress.

2. Register your Business

Register your business with the CAC. There may be need to get extra licenses and permits to enable you practice in some fields. Inquire about them and acquire them. Having a degree may not be sufficient to practice consultancy in some cases. You may even need to register with some associations who will bill you annually to remain a member.

3. Choose a Location

You need an office for meeting with clients. It is important for getting the most work done and for easy accessibility. The kind of consultancy firm you want to run would determine your location. Preferably running around where your most clientele are is usually better. You would not necessarily run an agricultural consultancy firm from the center of town, but a financial service consultancy firm would be better around financial districts. Do not be caught up in the urge to move to those areas when you lack the funds. Most companies are more interested in service optimization and delivery.

4. Setting up your Office

Now that you have decided and acquired where you want your office to run from, the next step would be to set it up. You could share an office space or rent a standalone office. Everything is dependent on your budget and the cash you have at your disposal.

You would need to acquire equipment and machinery to ensure a smooth running of operations. You would need stationery, letterhead paper, files, furniture, fan and/or air conditioner, generator set, fax machine, telephone, cabinets for filing documents, computer, printer and a photocopying machine. You may also need to acquire books that would assist in framing decisions.

5. Prepare your Marketing Tools

You need tools like business cards, brochures and proposals to help in marketing your services. Be ready to hand them out when opportunity avails itself. Sometimes it may be necessary to adapt proposals to the needs of your clients. Make sure they are neat and organized properly. Many consultants have made the mistake of handing out poorly produced cards, brochures and proposals. Do not make such mistake. Some clients would just never take you seriously. If you could afford a vehicle, the better, for easily mobility.

6. Recruit your Workforce

It is not always a requirement to have employees, but it is never a bad option as there will be times you would be away from your office. Clients would not be too patient calling at your office repeatedly and not meeting you there. If you could afford, then a secretary or an administrative staff, an accountant and a clerk would not be a bad starting point. As you grow, you may need an extra pair of eyes to give you a different perspective. However, everything is contingent on your budget.

7. Appraise your Competition

Who are your competition? Are they titans or could you ignore them? Are you doing anything differently? Clients will always weigh their options. Be the better option.

8. Billing

Now that everything is in place to run, you need to figure out how you will bill your clients. Do you need to purchase consumables on the job? Is it going to need survey and research? It is important to ensure that you have concluded on everything you need to complete the job in the presented billing. Whichever way, your bills have to be competitive.

9. Manage your Finance

You do not want to run out of cash at any point in time. People who do consultancy are always good financial managers. You always need to find a way to keep expenses down. If it is not important, you do not need to spend money on it. Also, there will be downtimes. Pay salaries as at when due. You do not want disgruntled staff on your payroll. You need to replace utilities and carry out routine maintenance on the equipment.

Top consultancy Firms in Nigeria

1. Human Resource Consultancy

Human resource management is more or less solving people problem for businesses. So as long as there are businesses, there will always be problems that result from people working with people, there will always be business for human resource management consultants.

2. Business Consultancy

Businesses keep springing up in Nigeria because of need for entrepreneurship and growth. Business consultants are never bereft of ideas. If you always have business ideas, and think people could invest in the ideas you sell, business consultancy is your niche.

3. Computer and Networking Consultancy

This requires skill and certification. A lot of consultants have become popular because they can solve the need of government, companies and individuals. Sometimes it involves building an app, coding or wiring systems to a central network. The computer is not leaving us any time soon, so, running out of business is not an option.

4. Web and Social Media Consultancy

Building and managing of sites and blogs has become a top job in Nigeria. Most businesses continue to demand online presence upgrades and content management. If the computer is not leaving, the web is not either.

5. Agricultural Consultancy

It is funny that this has to come this late but better late than never. Agriculture is expanding. As agribusinesses close down, new ones open up. Everyone is going agric. They have become so large that they sometimes make use of all the previously listed consultancy firms and more. You find pitches for web, human resource, business, computer, automation, networking, social media, blogs, insurance, marketing, advertising and auditing in agricultural companies. This does not mean that there are services peculiar to the agribusiness. They deal with managing crop and animal farms and veterinary services.

6. Auditing

So long as there are businesses, there will always be accounts to manage. External auditing for government and private sector is in demand. To be a consultant in this field, you must have completed ICAN or its equivalent.

7. Recruitment Consultancy

Companies almost always depend on external recruiting agencies to employ staff. Even the government do not handle much recruitment internally anymore. So, it is up to recruiting consultants. There are licenses that need to be acquired before this can be done. A lot of Nigerian are unemployed, and a lot of firms need to expand or recruit for whatever reason. You could go into this area with enough security of not running out.

8. Advertising Consultants

Businesses always want a way to stay in the faces of their clients/consumers. They will always find new ways to reinvent their adverts in line with new products and strategy. Advertising consultants needed from time to time to develop advertising campaigns.

9. Public Relation Consultancy

Businesses and Individuals like politicians and prominent figures always need to maintain a good appearance. PR consultants make this happen. They are able to dampen the noise or amplify it to suit the clients’ objective at the time.

10. Fitness and Nutritional Consultancy

The need for exercise and healthy lifestyle has become appreciated. People want to know the best foods to eat, how to cook them and how to exercise. People are looking at food and exercise as the secret to healthy living and long life. If you leverage on this, you will do well.

I believe you now have a clear understanding of how to start a consultancy firm in Nigeria. Nothing but yourself is holding you back from realizing your calling. Just figure out which consulting niche you fit into and key in. Make money and have fun. Consultancy is fun!

Get your sample business consulting business plan in Nigeria today. To order the business plan, pay N30, 000 to:

BANK NAME: GUARANTY TRUST BANK (GTB)

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 0044056891

OR

BANK NAME: FIRST BANK PLC

ACCOUNT NAME:  CHIBUZOR TOCHI ONYEMENAM

ACCOUNT NUMBER: 3066880122

After payment, send your full name, email address and topic (i.e. consulting business plan pdf) to 07033378184. Your business plan will be sent to your email within 15 minutes.

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