What does a Business Consultant do?
A Business Consultant supports the growth of a business, drawing on their own skills and experience. A Business Consultant works with business owners or stakeholders to develop business plans. Their goals are to achieve financial success and expansion — either in size or in different markets. A Business Consultant is employed on a freelance basis or as part of a business consulting firm. They provide in-depth analysis regarding a business’s current practices. Business Consultants also provide solutions based on their findings and can train employees.
Business Consultant skills and qualifications
A Business Consultant has extensive knowledge in business administration, funding and development. While qualifications in business subjects are valid as it shows their core competencies, skills that are acquired through experience often prove more important than traditional qualifications. A successful Business Consultant will have various prerequisite skills and qualifications that typically include:
- Cost and reward analysis
- Portfolio and debt rebalancing
- Business research and development
- Market analysis
- Rate of return, ROI, analysis
- Business administration such as managing staff and delegating tasks
- Data modeling to communicate complex ideas in easy to understand verbal, written or graph forms
Business Consultant experience requirements
Business Consultants need experience leading teams of people, communicating company flaws both with accuracy and diplomacy and clearly communicating and simplifying new ideas. An entry-level Business Consultant who has started a business, or someone who has managed a business at a Senior Level are ideal candidates. Senior Business Consultants need 5+ years of experience within a consultancy role. A Senior Business Consultant will need to show proven experience in a previous senior leadership role.
A Senior Business Consultants will also need to show their success in developing companies through their previous advisory roles. Experience working within a specific industry is very helpful for example, a Business Consultant with experience in working in tech is more relevant to an IT company. Whereas, a Business Consultant with previous experience in food service works well in the restaurant industry.
Business Consultant education and training requirements
Business Consultants have General Certificates of Secondary Education (GCSEs) in mathematics and English. Some have an A-Level in Business Studies or Economics. Further studies in business-related subjects at a university, such as Business Management, Economics or Marketing, are also desirable. Business support and mentoring provided by the Small Firms Enterprise Development Initiative is also useful for their career.
Business Consultant salary expectations
According to Indeed Salaries, the average salary for a Business Consultant is £43,516 per year. Salary depends on factors such as experience, location and industry.
Job description samples for similar positions
If a Business Consultant isn’t the exact role that your business needs, then here are similar job description samples to consider: