Unpacking the NAICS Code for Business Consulting: A Beginner’s Guide
Starting a business is hard enough, and taking care of the day-to-day operations can be overwhelming. As your business expands and matures, managing it yourself may not be the best option. That is where a business consultant comes in handy! However, choosing the right consultant for your business can be a daunting task. One of the best ways to ensure that a consultant’s services align with your business’s needs is by determining their NAICS code.
What is the NAICS Code?
The North American Industry Classification System (NAICS) is a six-digit code system that classifies businesses. The code is reviewed and revised every five years. NAICS codes categorize businesses based on the goods and services they offer and are used worldwide. The code establishes a framework for data collection and analysis, making research more manageable and reliable. The code is used by insurance companies, government agencies, and businesses of all sizes to determine the type of company that is requesting services.
Why is the NAICS Code Important for Business Consulting?
The NAICS code for your business consultant will give you information about the industry your consultant specializes in. For example, if the consultant’s NAICS code is 561990, they specialize in Services to Other Business. This category includes services such as marketing consulting, human resource consulting, and waste management consulting. Having a consultant whose NAICS code aligns with your business’s needs increases the likelihood of a successful partnership. Be prepared to ask potential consultants about their NAICS code and how their services align with your business’s needs.
How to use the NAICS Code to Find a Business Consultant
To find a consultant that specializes in your industry, do some research on NAICS codes that are relevant to your business. There are search engines that allow you to search a business service by NAICS code. Additionally, you can look up potential consultants and their NAICS code directly to verify that their services align with your business’s needs. Once you’ve identified consultants that align with your business’s needs, do additional research and check references before hiring.
Examples of NAICS Codes for Business Consulting Services
-541611 Management Consulting Services
-541613 Marketing Consulting Services
-541618 Other Management Consulting Services
Conclusion
Choosing the right business consultant is crucial to expanding your business. The NAICS code for a consultant provides insight into the industry they specialize in, allowing you to choose the best-fit candidate for your business. Doing research on NAICS codes relevant to your business can benefit you in the long run by reducing the likelihood of you and your consultant having conflicting expectations. With this guide, you’re equipped to use the NAICS code to find a business consultant that aligns with your needs.
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