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Building a Consulting Business: A Practitioner's Perspective

The pharmaceutical and biotech industry, like other industries, is undergoing constant changes, such as mergers and acquisitions, cost containment, and outsourcing with accompanied staff relocation and layoffs. Hence, self-employment is becoming an attractive proposition: starting a new business, either an R&D company or a service organization that includes consulting.

When considering starting a consulting business, a number of questions arise, such as, (1) What is the right time during your career to start a consulting business? (2) How do you incorporate the business? (3) What are the key requirements/success criteria for building a sustainable business? and (4) How can you maximize value by offering diverse consulting services?

Read more in the May 2016 AAPS Newsmagazine Online (member login required). more

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