Real Estate / Property Management / Property Consultancy: This is a very lucrative specialization and one that will help you grow and expand your consultancy practice. Real estate / property management is aimed at IT consultants who are looking to expand their professional areas of experience (professional consulting practices) by building new strategic alliances and implementing smaller consulting practices into larger ones. Many real estate consulting firms are often challenged by not just maintaining, but developing their areas of professional expertise which greatly improves the breadth of their consulting offerings. As a consultant for a real estate management company, you can help to create better coordination between the management team, identifying possible issues that might be causing tension between the various departments, developing new ways to make your area of expertise much more effective and finally you can help them to get the best value for their money by eliminating unprofitable practices. The great thing about real estate / property management consulting is that there are a wide variety of specialists within this discipline and as a client you can pick and choose the ones that fit best with your specific needs.
Database Technology Consultancy: This type of consulting practices is aimed at professionals who are looking to expand their professional areas of experience and specialize in database technology solutions to small and medium size businesses. Database technology can be a challenge for Consultants working in this field and as such you will find a lot of Consultants are also involved in this area. Often times a consultant will specialize in one particular technology stack such as Oracle, or SAP. In addition to offering their expert knowledge, these consultants can also provide key technology partners to their clients, helping to expand their knowledge, develop new technologies and implement them within their companies efficiently and effectively.
Finance Consultancy: The goal of finance consulting practices is to offer clients innovative and sophisticated financial advice tailored to suit their needs. As such a good Finance Consultant has a wide range of skills and comes with a strong background in accounting, economics and finance. A good consultant should have an expertise in financial solutions and should have strong leadership skills and the ability to influence decision makers. Finance consultants must have a thorough understanding of all of the core principles that govern business, including taxation, business cycles, budgeting and investing, and cash flow management. In addition, they should understand the major investment strategies and understand how to evaluate investment proposals.
Strategy Consulting Practice: A strategy consulting practice can help you develop and implement strategic business plans. The focus of this practice is to develop and manage long-term business goals that will increase your overall profits over time. Strategy consultants should be experienced in developing marketing strategies and understanding the concept of brand marketing. They should have expertise in dealing with mergers and acquisitions, and strategic management of technology and business processes. They may also need help to implement mergers and acquisitions on a client’s behalf.
Development Practice: As a consultant you will work with your clients to develop the best and most suitable business opportunities for them. This includes identifying the clients’ needs, analyzing the competition, and helping them find the most effective business combination. As part of your consulting services you will assist your clients in creating a strategy for marketing, sales, product development, and staffing, among other things. You will assess the value of your clients’ assets, help them determine their net worth, and recommend ways in which they can maximize their profits. This practice should focus on identifying the sources of growth for their businesses.
Technology and Business Practice: With the assistance of your consulting-services portfolio you will be able to leverage your experience and knowledge in new areas to help your clients improve their business processes. In particular, you will explore new and exciting areas such as health care consulting, computer consulting, and internet consulting. These consulting practices will be particularly useful for those clients who are either: trying to comply with government regulations, are challenged by an increasing number of technological barriers, or are looking to strengthen their company’s technical capabilities. You will build a solid understanding of government rules and regulations, identify potential regulatory requirements, and build a solution that your client cannot currently meet. These new practices will be especially helpful for clients in the healthcare industry who are trying to reduce health care costs or increase access to high quality care.
Technology and Analytics Practice: As a consultant working on technology issues you will help your clients to develop cutting edge online strategies. For example, if you work with health insurance companies you might work with them to develop and implement client portals that allow insurance claims to be filed online in real time. You may also work with these same clients to develop online tools that collect patient demographic information, use sophisticated demographic analyses to identify healthcare risk factors, and use these data to take proactive steps to mitigate the risks associated with certain patients. In this case, your expertise is in developing new strategies and implementing solutions. In this case it would be ideal to focus one of your consulting practices in areas like technology and analytics because these two areas are where the future lies.