Starting an IT Consultancy: Seeking Your Advice and Insights on This Journey

Hi, I am Manoj here. I would like to say a big hello to everyone. I have completed PGDCA and have 8 years of work experience in the IT industry. I am working in Delhi at a BPO in the technical department. I am planning to open a consultancy catering to the IT industry, so I am looking forward to having your views and suggestions regarding the same.

I hope to gain a lot of information sharing and experience with all of you.

Regards,
Manoj

Hello Manoj,

There are a few things that employers expect when they decide to take the services of consultants, and the same is true for prospective candidates.

Professional organizations even have a SLA (Service Level Agreement) signed before entering into a contract with consultancies.

Organizations' viewpoint:

1. Generally, companies do not like it if resumes are just downloaded from job portals and sent; obviously, they also have access to them. So, try to have a database of your own.

2. The lead time is generally an issue, so commit yourself for a period of time by which you know you can surely deliver. Commitments must be honored.

3. Don't brag about candidates you don't know much about just because you want to impress upon their suitability for the position and earn your commercials by any means. Quality earns respect.

4. Treat client organizations as an extended arm of your consultancy; then, you will know what is appropriate. Create a win-win situation.

5. Try to get an agreement signed as it is good to have a legal stand in case of any concerns. Try to prevent the undesired.

From the candidate's point of view:

1. Treat them with respect; maybe they will be your future business opportunities. Customer sensitivity.

2. Keep them informed about the status of their candidature, even if it is negative. Open communication is appreciated.

Hope this helps.

Ramya

Good tips, but the first thing to consider when opening a consultancy is your tolerance levels towards recruiters. Because they may not perform from day one, there are other issues to address as well, such as your relations with clients and the credibility of your company in the market. How will you face competition? Conduct a SWOT analysis before starting anything. What do you think?

Regards,
Vishal

Hi,

I am Viruth, working as an Exec-HR in the Private Sector. The tips you provided are very helpful. However, the key aspect to consider when starting a new consultancy is the need for registration. Could you please guide me on how to prepare a Memorandum of Understanding (MOU)?

Thank you.