Business & Finance Corporations

Entrepreneur Bootstrapping Business Idea - Start a Human Resources Consulting Firm

This article will show you a few tips that you can use to start your own human resources consulting firm.
Many small businesses do not have the manpower to have a large HR department, and as a consultant, you will evaluate the business, create training plans, look at the hiring process, and other possibilities.
This is a fairly easy business to start, all you need is a computer and a phone.
You will have to do a lot of cold-calling of local businesses to get started, but once you establish a name for yourself, you will quickly have all the clients you can handle.
Business owners like to have the same services as their peers, so they have a yardstick to compare their success.
As an HR consultant, you will help businesses with high turnover rates provide a better environment to their employees.
You will help train the current HR staff on recent labor laws and interviewing techniques.
You may even administer personality tests, pre-screen candidates through resumes, and other things all designed to keep the business owner from having to hire a large HR department.
You will need to create contracts, and agree to the numbers of days that you will work with the company.
They may pay for a few hours, a few days, or you may work on-site for a few months depending on the magnitude of the issue.
Charge the client for all of your time and expenses, similar to a lawyer.
Just because you are not with them, does not mean that you are not working and you need to get compensated for everything that you are doing for each company.
Start with a single client to understand your capacities.
Some businesses will only have slight issues that need improving, while others will need to be overhauled.
Offer free 1hr consultations, and then charge them for a full evaluation, where you survey the company and watch people work.
You will probably have to sign non-disclosure agreements, because in some cases you may have to work with sensitive employee information.
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