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Each year, a large number of business professionals make the decision to leave their corporate jobs to pursue independent consulting.\u00a0 To them, a career in independent consulting means having a flexible schedule, being one\u2019s own boss, or a way to realize their real potential.\u00a0 For some people, independent consulting implies doing what they are truly capable of doing.<\/p>\n
Independent consultants provide consulting services on their own, without associating with a consulting firm.\u00a0 They use their own experience to assist an individual or organization in solving their problems<\/a> or achieving their objectives more efficiently and effectively.<\/p>\n There could be a number of other reasons why a person would choose to go into independent consulting.<\/p>\n However, the majority of entrants into independent consulting lack the knowledge and skill sets necessary for success, which is why the failure rate of independent consultants is around 85% within 5 years of starting a business.\u00a0 Such high failure rates of new entrants in independent consulting warrant reevaluation of the elements necessary for success in the business.<\/p>\n To thrive as an independent consultant, one needs to develop 3 Core Competencies, which constitute the Success Triangle:<\/p>\n Hardly ever will a person possess equal proportions of all 3 competencies when commencing independent consulting.\u00a0 Some professionals have a strong grip on two of these competencies, which compensates for their shortcoming in the third.\u00a0 For long-term success, each of these three competencies must be considered and excelled at in substantial measures.<\/p>\n The 3 essential competencies are at the heart of the Success and Consulting Triangles.<\/p>\n The Success and Consulting Triangles when combined, assist in mapping the prowess of a consultant in the 3 key domains. \u00a0Enclosing the triangles inside a circle helps measure the proficiency of each competency.\u00a0 This configuration brings about the Consulting Competency Circle<\/strong><\/a>.<\/p>\n The Consulting Competencies Circle framework helps gauge a business professional\u2019s readiness for independent consulting.\u00a0 A scale for each skill set accommodated inside the Consulting Competency Circle facilitates evaluating the strengths and weaknesses of a consultant and assists in approximating the proficiency and degree of expertise of that expert in the 3 competency domains.<\/p>\n Interested in learning more about the Consulting and Success Triangles ? You can download an editable PowerPoint presentation on Consulting Competencies Circle (CCC) here <\/a>on the\u00a0Flevy documents marketplace<\/a>.<\/p>\n You can download in-depth presentations on this and hundreds of similar business frameworks from the\u00a0FlevyPro Library<\/a>.\u00a0FlevyPro<\/a>\u00a0is trusted and utilized by 1000s of management consultants and corporate executives.<\/p>\n For even more best practices available on Flevy, have a look at our top 100 lists:<\/p>\n Each year, a large number of business professionals make the decision to leave their corporate jobs to pursue independent consulting.\u00a0 To them, a career in independent consulting means having a flexible schedule, being one\u2019s own boss, or a way to realize their real potential.\u00a0 For some people, independent consulting implies doing what they are truly… Consulting Competencies Circle (CCC)<\/span><\/a><\/p>\n","protected":false},"author":110,"featured_media":12642,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[408],"tags":[3146,2339,2108,3144,1244,3082,2,3050,2788,1209,657,2428,165,3147,27,1137,3145],"class_list":["post-12641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management-leadership","tag-business-skills","tag-competencies","tag-competitor-analysis","tag-consulting-skills","tag-entrepreneurship","tag-financial-planning","tag-innovation","tag-ip-skills","tag-market-research","tag-personal-development","tag-problem-solving","tag-processes","tag-project-management","tag-risk-analysis","tag-strategic-planning","tag-talent-management","tag-technical-skills"],"_links":{"self":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/12641","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/users\/110"}],"replies":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/comments?post=12641"}],"version-history":[{"count":3,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/12641\/revisions"}],"predecessor-version":[{"id":12646,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/12641\/revisions\/12646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media\/12642"}],"wp:attachment":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media?parent=12641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/categories?post=12641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/tags?post=12641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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<\/a><\/p>\nDo You Find Value in This Framework?<\/strong><\/h2>\n
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