Wherever to begin in setting up your independent consulting or coaching business?
You may be surprised by how many decisions you have to make, and how time-consuming it is to get ready to do business. If you’ve never done it, and don’t have a blueprint to follow, it can be a little overwhelming.
Should you incorporate, and if so, which form of corporation or legal partnership? How do you register with your state or province, and federal tax authorities? What are your options for setting up a website? How do you structure your proposals? What’s required to handle client agreements, billing and collections?
There’s a lot to think about and prepare. We’ve identified 24 business functions – most of them quite visible to your prospects and clients – that you’ll need to put in place. Some of them you won’t need to do yourself, but you do need a plan for handling them. Some of these functions are essential to set up in your early weeks in business. With others, you have a little more time.