Consulting Revenues Expected to Top $156 Billion in the US for 2007
Released on = April 6, 2007, 2:08 pm
Press Release Author = Consulting Startup Kit
Industry = Small Business
Press Release Summary = Consultants are back in high demand as evidenced by the increased hiring of top B-school graduates to join large Consulting firms such as PricewaterhouseCoopers, McKinsey & Co, Bain, and BCG. Additionally, Corporate America is reaching out more to small boutique consulting organizations and independent contractors to fill specialized positions and fulfill short term needs. As Manufacturing, Electronics, and Heavy Industry look to re-invest in high technology, they are finding that many of the highly-skilled workers in that field have taken permanent employment elsewhere. According to Cam Forbes, of Opus One Ventures, they are increasingly looking at small consulting organizations to fill that gap.
Press Release Body = According to research into Industry Statistics, including Plunkett Research and the Bureau of Labor Statistics, Consulting revenues in the United States are poised to reach over $156 Billion in 2007.
Consultants are back in high demand as evidenced by the increased hiring of top B-school graduates to join large Consulting firms such as PricewaterhouseCoopers, McKinsey & Co, Bain, and BCG. Additionally, Corporate America is reaching out more to small boutique consulting organizations and independent contractors to fill specialized positions and fulfill short term needs. As Manufacturing, Electronics, and Heavy Industry look to re-invest in high technology, they are finding that many of the highly-skilled workers in that field have taken permanent employment elsewhere. According to Cam Forbes, of Opus One Ventures, they are increasingly looking at small consulting organizations to fill that gap.
"We are seeing a huge uptick in the need for skilled consultants on both a part time (per project) and full time basis. The market has never been more accepting of Independent Consultants." says Forbes. "Additionally, the rates we are seeing have climbed out of the post dot-com bubble days and back to where we would expect to see the market pricing."
The US Bureau of Labor Statistics has published reports for the Consulting Industry, estimating that there are roughly 800,000 consultants employed nationally, with an expected 2-3% growth annually over the next four years. With unemployment at a 5 year low of only 4.4%, the consulting marketplace is one of the hottest growth sectors, and looking at the statistics, it\'s not surprising. With a market size of $156 billion and only 800,000 employees, that equates to almost $200,000 per consultant, per year!
Forbes says "Real Estate, Automotive, Construction, and Mortgage Financing are tremendously weak right now, while High Tech, Banking, Energy, Healthcare and Communications are red hot. Not surprisingly though, there are opportunities in all those industries. When one sector is weak, they need strategic advice to turn the ship around, while booming industries typically find themselves short of staff to handle all the work."
So how do you get into this thriving market? What skills do you need to succeed? Mr. Forbes may have the answer for you.
"We created a small toolkit that contains everything that an individual or small group would need to be successful in the Consulting Marketplace. It\'s called \'The Consulting Solution\' and is available at www.consultingstartupkit.com." Forbes continues, " There are hundreds of books written each year about consulting, but none provide the tools, resources, business plans, financial statements and contracts that a consultant would actually need to get started. This is completely different. We have provided a complete blueprint for a consulting business and provided all of the actual tools one would need to hit the ground running and break into this fantastic market, no matter what industry they come from, no matter their level of previous experience."
You are encouraged to learn more at www.consultingstartupkit.com.
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