With the emergence of various career options, students are getting all confused when it comes to choosing the best career for them. Studies have revealed that around 85% of students are concerned about which option to choose after 12th and 92% don’t get any career related guidance.
According to the recent study, India’s 350 million students need at least 1.4 million career counsellors. Start your career counseling business by following these simple steps.
Get formal training
To start a career counseling business, getting a formal degree is quite beneficial. Getting a formal degree is very important as it adds credibility to your company. A bachelor’s degree in counseling or human services related field will help you in becoming a certified and trained counselor.
Develop a business plan
In order to start a business in career counseling, you need to develop a business plan. During the making of the business plan, consider some crucial business aspects such as target audience, market competition, commercial space requirement, staffing requirement, licensing, and other obstacles. Preparing a business plan could help in optimizing the amount of investment put in to setting up the business. By being prepared for such challenges, the business could witness a steady growth.
Register the business
After completing the business plan, you need to register the business. Expansion potential of the business must be kept in mind while choosing the business entity. For example, if you wish to be an independent operator, then operating as a sole proprietor will be beneficial to you. If you wish to start an agency, you will have to form a limited liability company. The investment needed to register your business in India will take around Rs 14000 for an authorized capital of Rs l lakh.
Finalizing customized services
Students show up to the career counselors to avail different kinds of services, ranging from taking aptitude tests to find out what career option has more opportunities. And these days, providing customized services to the customers is quite in trend. Analyze the needs of customers and design customized services for them. Make a blueprint of all the solutions you could provide to your customers before even going inside the market.
Collaborating with other organizations
As the target audience is in education sector, collaborating with other institutions like schools and colleges is a very good option to expand your business. These days, many government schools hire career counselors and career counseling agencies, so that they can help students in finding their potentials. Organizing career counseling workshops in schools and colleges is considered to be quite lucrative to flourish this business even more.
