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As the economy fluctuates and businesses are downsizing and laying off workers, it may be a good time for you to become a business consultant or coach. For many companies, it is less expensive to purchase a consultant's or coach's services than to pay a full-time staff member. Business coaches assess the qualities of individuals who have been laid off or are seeking to find another position within their company or with another firm or who even want to start a business. Business consultants assess a business's present status and management methods and make recommendations to help increase a business's efficiency.

Experts recommend holding on to your present job while starting your consulting/coaching business. Network with former employers and friends. Keep your ears open to any prospective customers in your industry or trade. Potential clients could be former employers, customers, or even competitors. These are ideal clients to start with since they are already familiar with your work.

Work out a complete and thorough business plan and consider your insurance and credit needs. Get any additional training or information before you quit your job.

A consultant can make a good living and have the independence of working for himself or herself. Plenty of
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