Abstract: In establishing a statistical consultancy, the baseline is that it is a service business organisation that is being established. The essentials of a business should be incorporated, as well as the set of skills that are being marketed and sold In particular, skills in the discipline of statistics are a definite prerequisite. It also helps to understand the requirements of consulting. Knowledge of marketing and selling is also required. Competitive edge is important for sustainability within the competitive world of business, and it is vital to know how to run a firm. This paper discusses these points from a report of management consulting service where a prospective statistical consultant requested assistance in establishing a statistical consultancy.