Dreaming of Your Own HR Consultancy? Seeking Advice on Timing, Capital, and Strategy

Hello Sirs/Madams, Hope you all are fine. I desperately need your valuable advice regarding the following post. After completing my MBA in HR, I worked as an HR Executive for 1 year. It was a Generalist profile. However, it has always been my dream to open a Recruitment Consultancy of my own. Now, I am thinking about starting it and I have a few queries:

Is It the Right Time to Open a Consultancy?

1. Is it the right time to open a consultancy, or should I gain more experience, especially in Recruitment?

Capital Requirements for Starting a Consultancy

2. How much capital does one need to open a consultancy?

Target Sector for a New Consultancy

3. Which sector should one target when starting, considering that big companies may not be willing to take on a startup as a vendor?

Working as a Freelancer After Starting the Consultancy

4. Is it okay if I work as a freelancer for a few months after starting the consultancy?

Please provide me with your valuable advice as it is crucial for me. Thank you in advance.

Regards, Samyak

I am working as a placement officer, and I want to open a placement consultancy in Hyderabad. What is the amount I will be getting for each successful candidate? Kindly help.