Turning Your Skills into a Consulting Business

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(Entrepreneur) — Starting a consulting business is one way of drawing on your expertise and creatively making use of problem-solving skills. It’s a popular – and potentially lucrative — avenue for aspiring business owners. The consulting industry in the U.S. generates nearly $100 billion in revenues each year, according to aHarvard Business School analysis conducted in 2007. And it’s an industry where one can earn upwards of $400 per hour depending on the work and location, according to the Association of Management Consulting Firms, a New York-based organization.  “People come into consulting from all different routes,” says Andrea Coutu, a Vancouver-based marketing consultant and founder of the blog Consultant Journal.  If you’re ready to hang your own consulting shingle, consider these three strategies to get started.

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