Start A Human Resources Consulting Business - Business Ideas

Pat Walls

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Updated: September 15th, 2022

Start A Human Resources Consulting Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Human resources consulting is a growing field that helps businesses manage employees and improve overall HR practices. This business advises and supports companies on recruiting, training, employee relations, and compliance with HR laws and regulations.

To start human resources consulting business, you will need a strong background in HR and a good understanding of the needs of different types of businesses. You should also have excellent communication and problem-solving skills and the ability to work independently and manage your own time.

In addition to your professional skills, you will also need some basic business essentials to get started. This includes creating a business plan, creating a website, and marketing your services to potential clients. You may also need to invest in basic business tools, such as a computer and office equipment.

Overall, running successful human resources consulting business requires professional expertise and strong business acumen. By offering valuable HR services to companies, you can help them improve employee satisfaction and productivity, ultimately leading to increased profits and success.

Starting a human resources consulting business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell human resources consulting , or selling human resources consulting online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size

$25.2B

starting costs

$11.7K

gross margin

90%

time to build

210 days

Startup Costs

	Min Startup Costs	Max Startup Costs
Office Space Expenses	$0	$7,000
Employee & Freelancer Expenses	$150	$250
Website Costs	$223	$7,015
Business Formation Fees	$600	$4,700
Software Expenses	$162	$2,894
Advertising & Marketing Costs	$0	$1,400
Total Startup Costs	$1,135	$23,259

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Successful Businesses

Business	URL	Rank
AMERICAN FIDELITY	americanfidelity.com	126,020
Avitus Group	avitusgroup.com	137,256
OperationsInc	operationsinc.com	161,153
Tuscan Consulting	tuscan-me.com	330,368
MATRIX: Discover & Develop High-Performance Teams	matrixres.com	367,702
CPS HR Consulting	cpshr.us	369,012
Vanderbloemen	vanderbloemen.com	425,009
Midwest HR Consulting	empowerhr.com	538,662
Top Business Human Resources Services	topbusiness-hr.com	723,443
Buck - Human resources consulting	buck.com	725,926
Randstad Sourceright - Talent Management Solutions	randstadsourceright.com	1,026,746

See all businesses ➜

Pros & Cons

Pros	Description
Flexibility	You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home	It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required	The cost to start a human resources consulting business costs significantly less money than most businesses, ranging anywhere from 62 to 23,259.
Rewarding work	Starting a human resources consulting business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable	With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
No overhead costs	To get your human resources consulting business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money!

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Cons	Description
Crowded Space	Competition is high when it comes to your human resources consulting business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Longer Sales Process	A human resources consulting business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Work can be inconsistent	As a human resources consulting business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.
Lack of benefits	With a human resources consulting business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation	Often times, as a human resources consulting business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes	As a human resources consulting business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

See all cons ➜

Key Stats

Startup Costs

Successful Businesses

126,020

137,256

161,153

330,368

367,702

369,012

425,009

538,662

723,443

725,926

1,026,746

Pros & Cons