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Discussion in 'Growing and Managing a Business' started by Apoorv82, May 5, 2012.
I want to start a consultancy business,How much business loans does it requires??
Recruitment consultants are responsible for attracting candidates and matching them to temporary or permanent positions with client companies.
Deer, apoorv82, you didn't tell what kind of consultancy you wanted to start. First you have to choose your target consumers,then make your consultancy widespread through media and internet. In these purpose, you have to decide how big you want to make. Then estimate your requirement and go for the business loan.
According to me for small consultancy also,you need to have business loans of almost 15-20 lacs..Then as per your need that how much big asset you are looking for.
It depends on what kind of consultancy you like to open. The amount of loan for it can be estimated on number of employees, space and machinery required, plus infrastructure, and locality of the office.
First, you have to decide what type of consultancy you want to start. The amount of money you have to spend upon the infrastructure, hiring new staff, your hardware or software requirements etc.
its depends on the size and type of consultancy you are looking for. I believe that you may require less amount if you have many contacts with the industrial people where you can get some reference.