What is the consultant’s life?You have heard of the advantages of being a consultant.
All of these are true, but it won’t necessarily happen overnight. Now is the time to start building the reputation and authority to make these advantages a reality for you.
Consulting accounts for approximately $------ in annual revenues. About --- call themselves consultants. With competition as fierce as ever and technology becoming more complex, the need for talented, specialized professionals and consulting firms has never been greater.
Key reasons companies seek consulting help are:
Consultants, freelancers and independent contractors come in all shapes and sizes, level of education and experience, full-time and part-time – the key is the ability to add value and provide solutions. Consultants come and go, some rotating between corporate positions and independent work.
Earnings & Revenue NewsConsulting Revenues are expected to reach over $156 Billion in 2007, according to the Bureau of Labor Statistics and Plunkett Research. An estimated 800,000 consultants are employed in the USA. An annual growth rate of 2 to 3% is estimated over the next four years.
Worldwide Consulting Revenues Will Near $125 Billion In 2004 - Industry Trend or Event Along with large growth, the consulting market will experience heightened competition, significantly altering market dynamics. According to IDC, the Internet economy will help to more than double worldwide consulting revenues from $60.1 billion in 1999 to $124.5 billion in 2004. However, Internet services pureplays and spin-off companies from other industries will all fight to get in on the opportunity. "At the same time that the Internet has provided tremendous opportunities for consulting services, the changes it has instigated have created considerable challenges to the more established firms, which are finding themselves in a completely new competitive environment," says Sophie Mayo, program manager for IDC's Worldwide Services research. "New consulting firms are springing up almost every day and grabbing clients' attentions. These newcomers are beginning to usurp the position of the established firms. To fight off this threat, the older firms will have to revamp and reinvent themselves." Regardless of the tight competition, consulting firms will have the chance to experience tremendous growth. The United States is and will remain the biggest opportunity. In 1999, it accounted for 52.3 percent of worldwide revenues. Although its share will decline, it will still account for 51.6 percent of the market in 2004.
Your potential earnings is limited only by your own ingenuity and desire. Provide a valuable service and your services will be needed, either as an individual or with your own consulting firm.
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