If you are thinking of starting a management consulting business, you need to have the essential skills that are required to render advice to a company regarding problem resolutions, business reorganization, filling in a temporary vacancy, or structuring a start-up venture. When it comes to management consulting, the services and responsibilities differ widely according to the focus and expertise of the consultant as well as the requirements of the client. You need to be well versed in business methodologies and terminologies, and solving internal and external business problems with management skills and techniques. The most important requirement for becoming a management consultant is strong communications skills, problem-solving capabilities, managerial skills, leadership skills, and other managerial requirements.