Many of us dream of the day when we would be self employed; would no longer have to answer to a boss and will know that all of our efforts are directly remunerated to us.

Nevertheless, starting up a business requires a lot of courage, business know-how and resources, all features which further increase the risks of the endeavor. Individuals and companies that possess vast resources are presented with the ability of hiring a third party entity to provide them with business consultancy. Start-up entities however can not afford this luxury. The managers of these entities then look for free advice. Here are some tips on how the necessary information could be retrieved.

Law firms
Starting up a business often requires the assistance of a specialized lawyer, to guide the new entity through the process of conformity with the enforced legislation. With a few exceptions, these firms work on high fees, generally not affordable to the average start up. Nevertheless, more and more law firms offer pro bono consultancy. These services virtually imply that the customer will not pay for the counter value of the specialized support, but that the firm will offer its assistance in the hope of being awarded tax deductions, enhancing its public perception and overall reputation, out a desire to improve its karma, out of a genuine desire to support the development of the local communities or several other reasons. Regardless of their rationale however, fact remains that most firms offer, even if limited, pro bono services. As a prospective start-up owner, the individual could contract law firms and inquire of their pro bono support.

The second means of getting free business advice is that of capitalizing on the education and expertise of one’s friends, family and otherwise acquaintances. Maybe some of these people are themselves business owners who can offer valuable input. One of the acquaintances could have contracted governmental subsidies and can offer pointers as to how can federal financial support be accessed. Another individual might be employed as a human resource specialist within a large corporation and is as such able to offer information on the most adequate means of recruiting candidates for available positions. The trick is that of getting people to openly share their experiences. Nevertheless, it is of the utmost importance to reveal an ability to select the information which is most useful and relevant in the context of the start-up and its particularities – product or service offered, industry in which it will operate, target market it will address, resources it possesses and so on.

The internet
As in many situations, start-up businesses can benefit from the growing popularity of the World Wide Web. Here, numerous organizations strive to attract prospective customers by offering their managerial consultancy services. There are however websites which provide the user with free advice on generic business scenarios, but also which particularize their solutions to the unique features of the situation presented by the user. Some relevant such websites include the following:

– The Startups website,
– The Business Link, offering practical advice for businesses based on their geographic location
– The SCORE Website, or Counselors to America’s Small Business,
– The Business Startup website