Planning To Start Own Recruitment & Payroll Consultancy.

Hello Friends, I m Priya working in Pvt. Ltd Co. as a HR Executive and now a days I m planning to start my own consultancy in this one of my friend who is ca he is going to help me But i am little confused that how should we plan for this means from which stage we can start our work. and also please know me to start my consultancy what procedure i have to do or follow.
Thanks,
Priya

Hi
That is good idea to start the Consultancy. Initially plan what type of consultancy that you are planning to start? Is is recruitment consultant or payroll & statutory? Training?

Jeevarathnam P
I am Planning to Start Payroll & Statutory Consultancy including Recruitment

If at all you are planning to start payroll & compliance you should be well verse in all statutory, registration formalities & periodical returns etc.
Initially you shall start as freelancer as working & doing the consultancy as part time & then later if you get good & sufficient clients then you can plan for quitting the job

What Jeevarathnam has said is one way of looking at the scenario. One can also go all out to get clients as well. However preparing your roadmap, internal processes, material required for training etc if you are looking to go forward. again on the recruitment front though clients are easy to get you need to assess whether you have the strength to 'fulfill' the requirement of the client with exclusive resumes. IMHO it may take 6 to 9 months before you can stabilize operations if you are a 2 or 3 member organization.

I know all statutory compliance work coz i have done 5 years work in Compliance Consultancy. May be it will help me now . Thanks for your advice. Hope so will do my best