How to start a College Planning Consultant Business

Have you recently just assisted your child through the process of selecting and getting accepted into a college perfectly suited to them. Then you know how many countless hours were spent; reading through college brochures, visiting college campuses, and trying to decipher all of the requirements needed to apply and get admitted into a college or university. The process can be very time consuming and confusing. Choosing a school of high learning is possibly one of the most important decisions a person can make in their lives, and shouldn't be taken lightly. Many parents don't have the time to devote to this very important process, but will gladly pay a professional to assist theor family in this very important decision.

If you enjoyed; guiding a child in selecting the best college prepatory classes and extra-curricular activities, researching and visiting college campuses and advising and reviewing college essays - then starting a college planning consulting business would be an ideal business for you to open.

The number of high school students submitting college applications has risen steadily in the past decade. Colleges and Universities are getting more selective, since the pool of applicants has risen so dramatically. Graduating high school students and their parents need every advantage they can get in choosing the right schools and in tackling the challenging process of applying ot them and getting admitted. College Planning Consultants guide students and their parents through the entire college application and admissions process. College Planning Consultants assist in the process of wading through the thousands of college choices and helping to narrow down the overwhelming number of educational opportunities available.

Starting a college planning consulting business requires very little capital investment - so it can easily be run as a home business. Your consultations with your student and parent clients can be scheduled at their homes - making them feel more at ease. So if you are organized and truly enjoy assisting others - then starting a business and a college planning consultant should be a business you will enjoy and prosper at.

Starting a College Planning Consultant business can be fun, exciting and very rewarding. If you are considering starting your own College Planning Consultant business, be sure to read the following advice so that you can shorten your learning curve, minimize your risk, and start generating income quickly.

Read on to learn how to start your own College Planning Consultant business in 10 easy steps.

1. Write A Business Plan.

Writing a business plan for your small business is key in getting your new College Planning Consultant Service venture off to the its best start. Lenders won't even consider your request for a loan without a written business plan in hand. Also, the process of preparing a business plan forces you as an entrepreneur to consider every aspect of the company's operations. Don't skimp on this crucial step.

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2. Choose A Company Name.

When choosing a company name, pick a name that easily fits into a web address or domain name. Your web address should be easy to type, simple but catchy. Every business has an internet presence nowadays. You must be sure that your College Planning Consultant business is on the internet as well. Once you pick a company name for your College Planning Consultant business, make sure to register the domain name quickly, before someone else does. You may also want to get not only the .com version of the name, but the .biz and .info versions as well, so that competitors don't encroach on your business by grabbing your domain with a different extension. You may regret not having these additional domains when your company grows and becomes successful.

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3. Incorporate Your Business.

One of the primary advantages to incorporating your College Planning Consultant business is the fact that you can then enjoy limited liability. As a sole proprietorship, of a College Planning Consultant business owner, you assume all the liability of the company. Your personal assets, such as your house and car can be seized to pay the debts of your business.
When you incorporate your College Planning Consultant business, you become a shareholder in the corporation. As a shareholder in the corporation, you can't be held responsible for the debts of the corporation. Your liability as an individual shareholder of the College Planning Consultant business is limited to the amount you have invested in the company. In today's litigious society, it is best to protect yourself, and separate your personal assets from the College Planning Consultant's company assets.

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4. File For A Tax Identification Number.

There are several types of tax id numbers:

*A Federal EIN Number - The Federal Tax Identification Number is used to identify a business entity and is required for employers and corporations as well as partnerships.

*A State Sales Tax Id - Sales tax id number or sales tax exemption certificate is a legal document issued by the state. This certificate of authority gives your business the authority to collect the required sales and use taxes, and to issue appropriate sales tax exemption documents, including resale certificates used for purchasing inventory

*A State EIN Number - A state specific Tax Identification Number. Check your state regulations to see if it is required.

5. Examine Your Competition.

Examine your competition in the College Planning Consultant industry - your clients will. Compare your business ideas against your competitors. Determine what are your strengths and weaknesses are. Compare them and determine how to strengthen your weaknesses and how to emphasize your strengths. Your clients will compare your College Planning Consultant services with others before choosing - so make sure you offer your clients a service they can't refuse.

6. Calculate Your Fees.

Since you will be working on your own you will need to determine your wages. Keep in mind that you will need to pay for self-employment taxes, insurances, supplies and education. Make sure when calculating your fee to include all of your expenses and what you need to make a profit. Make sure your rates are competitive or you can justify why you are charging more than your competitors. Remember, your potential clients aren't always looking for the cheapest College Planning Consultant business. They want dependability, relaibility and genuine quality service from a skilled and professional College Planning Consultant.

7. Get A Logo.

A logo is also a very important element for your College Planning Consultant business. A logo clearly sets the tone and presents a graphic representation of your business and it’s value - providing your College Planning Consultant business with an extra level of professional presence. You need to provide your clients with a sense of legitamacy, as they will be entrusting you with their College Planning Consultant business needs.
A great logo should be eye catching and visually appealing, without being too garish or flashy. Hiring a professional to design your College Planning Consultant company logo is a wise choice, because a logo is often the first impression a potential client will get of your College Planning Consultant services. So it is best to have a professional design it, who can create a timeless and balanced look that can stand as your business identity for years to come.

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8. Create A Website.

Hire a website developer or use one of the many do-it-yourself online companies that offer you an assortment of website templates, where you can enter your own content. Be sure to choose a template that relates to the College Planning Consultant industry.

Keep your website simple and to the point. Start with a home page, which describes your business and the services you offer. Then include a page that provides your professional biography and credentials as well as a photo. A web form that allows potential clients to enter their information for quote by phone is a nice feature. Don't forget a page that provides your contact information. Include a payment form where clients can pay for your services using a credit card or electronic check, if advance payment or a deposit for your services is required.

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9. Find Clients.

You will need to advertise, market and promote your College Planning Consultant business in order to attract clients. Make sure to prepare a budget for maintaining your a website, getting business cards, ordering fliers, and sending out a press releases. Offering a special incentive to your first clients could help speed up your client acquisition process.

10. Keep Learning.

Stay current within your field of College Planning Consultant. Sign up for free newsletters and subscribe to magazines and newspapers designed for those in the College Planning Consultant industry. This will help you stay in touch with the newest trends in the College Planning Consultant business world. The more knowledgeable you are about College Planning Consultant, the more likely to you are to succeed.

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College Planning Consultant Business Startup Guide

College Planning Consultant Business Startup Guide

The number of graduating high school students submitting college applications has risen steadily in the past 10 years. What hasn?t risen much, though, is the number of college consultants available to help those kids make one of the most important decisions of their young lives. That makes this the perfect time for you to launch a career as a college consultant.

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