Startup cost: $500 - $5k

Setup costs for starting a Management and Strategy Consulting Business typically range from $500 to $5,000. At the low end, the bare minimum costs may include setting up a basic website, creating business cards, and investing in some initial marketing materials. On the high end, if you want to do it right, you may need to budget for professional website development, branding services, marketing campaigns, and software tools for project management and analytics. Essential expenses include website hosting, domain registration, legal fees for business registration, and marketing collateral. Optional costs could include hiring a graphic designer for a logo or investing in premium business tools. Hidden costs may include ongoing website maintenance, software subscriptions, or networking events. Online discussions suggest that while starting a consulting business can be low-cost initially, expenses tend to increase once you commit to professional services. If a friend wants to take this seriously, I would recommend budgeting between $500 to $5,000 for a solid start.