We are independent & ad-supported. We may earn a commission for purchases made through our links.

Advertiser Disclosure

Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.

How We Make Money

We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently from our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.

What is an Independent Consultant?

Malcolm Tatum
Updated May 16, 2024
Our promise to you
SmartCapitalMind is dedicated to creating trustworthy, high-quality content that always prioritizes transparency, integrity, and inclusivity above all else. Our ensure that our content creation and review process includes rigorous fact-checking, evidence-based, and continual updates to ensure accuracy and reliability.

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

Editorial Standards

At SmartCapitalMind, we are committed to creating content that you can trust. Our editorial process is designed to ensure that every piece of content we publish is accurate, reliable, and informative.

Our team of experienced writers and editors follows a strict set of guidelines to ensure the highest quality content. We conduct thorough research, fact-check all information, and rely on credible sources to back up our claims. Our content is reviewed by subject matter experts to ensure accuracy and clarity.

We believe in transparency and maintain editorial independence from our advertisers. Our team does not receive direct compensation from advertisers, allowing us to create unbiased content that prioritizes your interests.

Independent consultants are professionals that provide evaluation and mentoring services to clients who need guidance with some aspect of a business operation or the management of personal matters. Consultants work with clients to identify strengths and weaknesses inherent in the current operating structure, while offering advice on how to maximize the efficiency of advantages while minimizing the impact of drawbacks.

Independent consulting is a viable career path in many different industries. It is possible to specialize in specific types of businesses such as manufacturing, financial services, or telecommunications. Clients who have specific needs in a given area are likely to contract the services of an independent consultant to restructure a component of the business in a manner that will help the company move closer to attaining its goals.

Another approach to independent consulting has to do with a broad evaluation of the operations of a business. Within this scenario, the independent consultant will systematically assess each department, process, and procedure associated with the business. The consultant will seek to enhance aspects that are already working well while redefining, eliminating, or changing aspects that appear to hinder the overall operation. This may include making recommendations for merging departments, adding or eliminating positions within the operational structure, or completely reworking a process associated with one or more areas.

One of the most important resources that an independent consultant possesses is practical knowledge regarding the subject matter of the consulting offered. In many cases, this knowledge base is developed through practical experience and a thorough understanding of a particular subject. For example, someone who has practical experience with the construction and installation of phone systems would be able to offer consulting services to clients who wanted to update and enhance their communication network.

Working as an independent consultant allows individuals to interact with a variety of clients and working environments. This can be especially important to someone who is uncomfortable with working for the same employer over a long period of time. Independent consulting assignments normally last anywhere from a couple of weeks to six months. Depending on the type of consulting services offered, the independent consultant may also work with several clients at one time, providing a great deal of diversity in the work day.

SmartCapitalMind is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Malcolm Tatum
By Malcolm Tatum , Writer
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including SmartCapitalMind, and his work has also been featured in poetry collections, devotional anthologies, and newspapers. When not writing, Malcolm enjoys collecting vinyl records, following minor league baseball, and cycling.

Discussion Comments

By GreenWeaver — On Jan 01, 2011

Sneaker41-I think whatever field you choose to specialize in it has to be something that you are passionate about because it is your passion that will help you through the tough times.

If you are doing this simply for the money then you will not be successful because you will lack the passion necessary to get you to the next level.

You will also tire of the business sooner and probably want to drop the pursuit of that business altogether. Being an independent contractor is a lot of responsibly and it is not for everyone.

For example, during the real estate boom many people became independent mortgage consultants and now most left the industry because they really did have an interest in the field and were looking for fast money.

By sneakers41 — On Dec 30, 2010

Oasis11-Another important thing to determine is the independent consultant fees that you will charge for the services.

It is important that you shop the competition and evaluate yourself against the competition to determine what a fair market value is for you expertise.

An independent consulting contract will outline this information, so when you submit a proposal you always have to have a figure in mind that will allow you to offer your client great value, but at the same time it has to be high enough for you to be happy with as well.

If you price your services too low you will not be able to make enough money to succeed, and if you price your services too high companies might not have the budget to hire you.

It is also important that you have six to eight months of living expenses because you never know long it will take for your business to flourish and you really need to focus on your business needs and not have to worry about your personal bills. This is really how to succeed as an independent consultant.

By oasis11 — On Dec 29, 2010

SauteePan-There is a non profit organization called SCORE that offers would be entrepreneurs business counseling from people that have had their business in a similar industry or have worked as high level executives and now are experts.

They function as mentors so that the entrepreneur will not make the same costly mistakes. They also offer monthly meetings and workshops as well.

By SauteePan — On Dec 26, 2010

An independent consultant has a contract which outlines the independent consultant fees for the services rendered.

The independent consulting contract also outlines deadlines for special projects and deliverables.

In order to succeed as an independent consultant you have to first understand that you are operating a professional business.

You will have to market your services and adhered to deadlines. Getting started as an independent computer consultant, for example, will require developing a marketing and business plan.

It also involves determining the area that you will specialize in as well as making sure you have the appropriate business equipment to get you started.

Malcolm Tatum

Malcolm Tatum


Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing...
Learn more
SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.

SmartCapitalMind, in your inbox

Our latest articles, guides, and more, delivered daily.