How Much Does it Cost to Start a Consulting Business?

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Woman consultant working on a laptop.
Woman consultant working on a laptop. (Image: consultancy image by Andrey Kiselev from Fotolia.com)

A consultant is someone who provides professional advice to others. Consultants can work in many different types of industries including business, computer, mentor, law and engineering. Today, many companies in order to save money will hire a consultant instead of a full time employee. Consultants are usually experts in their fields and have a great understanding of their particular subject area. Consultants can work for a firm or on their own.

Business

Business consultants evaluate a business’s current status and make recommendations to improve their efficiency. According to the book "101 Best Home-Based Businesses for Women" by Priscilla Huff, the average start up costs for a business consultant range between $5,000 to $20,000. This cost covers marketing, advertising, office equipment and any required training.

Computer

Computer consultants advise consumers and business owners on choosing the best computer systems and software to meet their needs. Services will include assisting with purchasing, installation, training and troubleshooting of computer systems. "101 Best Home-Based Businesses for Women" states that the average start up costs for a computer consultant range between $800 to $1,000. This cost covers marketing, advertising, office equipment and any required training.

Home-based Businesses

Home-based business consultants help people who want to work from home. This would include assisting people with choosing a home-based business that matches their skills. Services include providing financing options, advertising strategies and resources for products and supplies. According to "101 Best Home-Based Businesses for Women," the average start up costs for a home-based business consultant is $5,000 to $8,000. This cost covers marketing, advertising, office equipment and any required training.

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