Successful Independent Consulting

NOVEMBER 29, 2024

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Note: Another logical time is on your company’s anniversary; if you don’t know what day your business was founded, make one up — maybe the date you opened your business bank account or you signed your first contract.

Policies 195

Policies Examples Benchmarking Consulting 195

Tom Spencer

OCTOBER 6, 2023

How do banks make money? What is a bank really worth? Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. Where does this money ultimately go?

Banking 88

Banking Balance Sheet Operations Financial 88

Tom Spencer

OCTOBER 13, 2023

In the previous article , we looked at how banks make money and how they must meet capital requirements. In this article, we will explore the importance of profitability ratios and valuation metrics that are crucial when analyzing banks. We will examine each in turn. That is, net interest income divided by assets.

Metrics 88

Metrics Banking Balance Sheet Efficiency 88

Harvard Business

NOVEMBER 22, 2016

Smart, always-connected devices and anytime/anywhere interactions are now givens, particularly among millennials, who expect such conveniences in banking and financial services. That data shaped the company’s future strategies and offerings. Digital is reconfiguring the world. Data underpins digital’s disruptive promise.

Banking 118

Banking Data Financial Media 118

Tom Spencer

AUGUST 16, 2024

Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. Real-time market analysis There is a rich potential for Gen AI tools to considerably assist in strategic decision-making. Data-driven decision-making 2.1

Banking 78

Banking Financial Operations Data 78

Harvard Business

JULY 12, 2018

As a startup founder, I’m constantly struggling to recruit top talent without breaking the bank. We can’t always match market salaries, but we need exceptional (read: expensive) talent in order to build from scratch. HBR Staff/Phatharapol Nopharat/EyeEm/Getty Images.

Strategy 132

Strategy Strategy Strategy& Recruiting 132

Tom Spencer

JUNE 16, 2018

The financial services industry has seen drastic technology-driven change over the past few years, and digital has fundamentally reshaped consumer behaviour in banking. According to Oliver Wyman, a global management consulting firm, 90% of Canadian banking customers use digital channels and more than 30% are now banking exclusively virtually.

Oliver Wyman 79

Oliver Wyman Banking Insurance Insurance 79

Tom Spencer

JUNE 30, 2023

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance.

Banking 78

Banking Management Real Estate Insurance 78

Tom Spencer

JUNE 16, 2018

Before we dive into why AI is the solution for the banking sector, let’s first explore what big tech companies have in common, how many of them have grown successfully, and what banks can learn. Usage of AI in the Banking Sector. Table 1: AI applications across Canadian and US banks (Source: Financial Post, Techemergence).

Banking 84

Banking Financial Transportation Data 84

Tom Spencer

NOVEMBER 10, 2023

Hedge funds have gained increased attention over the years, with their involvement in financial markets drawing interest from investors, media, and the general public. In this article, we will start to unravel the mysteries surrounding hedge funds, exploring their nature, workings, and the strategies they employ to generate profits.

Strategy 88

Strategy Strategy Strategy& Financial 88

Harvard Business

OCTOBER 10, 2018

The consumer banking industry is notoriously difficult to enter, not least because most customers rarely switch banks. In some countries, people change spouses more often than they change banks. It has now become the largest bank in the country. ShutterWorx/Getty Images. Importantly, profits kept pace.

Banking 70

Banking Industry Insurance Insurance 70

Harvard Business

OCTOBER 31, 2017

Just over 10 years ago, French bank BNP Paribas froze U.S. The market panicked. There was a run on British bank Northern Rock. Over the next year, many banks fell. Investment bank Bear Stearns collapsed. We expect investment banks to embark on an even more fundamental makeover during the next decade.

Banking 71

Banking Balance Sheet Financial Finance 71

Harvard Business

OCTOBER 1, 2018

Blockchain has important implications for marketing and advertising. But according to The CMO Survey , only 8% of firms rate the use of blockchain in marketing as moderately or very important. This combination creates a natural barrier to entry and has likely caused marketers to take a “wait and see” approach.

Marketing 130

Marketing Advertising Media Video 130

Management Consulted

APRIL 20, 2014

He has a really cool history – international i-banking, college football, and more – and THEN he spent 2 years networking his way into a job at PwC. where I worked for IMG (international marketing group) at the Winter Olympics. This was a pretty ambitious goal considering no banks recruited from my school.

Consulting 204

Consulting Interviews Recruiting Recruitment 204

Tom Spencer

JUNE 7, 2024

The root problem is the disconnect between strategy and innovation. Priorities might include developing new products, expanding into new markets, enhancing the customer experience, increasing operational efficiency, or embracing sustainability. Business unit and functional-level strategies (e.g.,

Strategy 88

Strategy Strategy Strategy& Intellectual Property 88

Tom Spencer

NOVEMBER 9, 2019

The Business of Banking. Banks are intermediaries for capital and hold the risk when supply and demand is not perfectly balanced. Commercial Banking. A bank, on the other hand, can diversify this credit risk and reduce the average cost of vetting each loan by lending to many borrowers. Investment Banking.

Banking 12

Banking Industry Balance Sheet Retail 12

Successful Independent Consulting

FEBRUARY 28, 2025

You may be able to reduce those taxes by setting up an LLC and filing your taxes as an S-corporation , though thats a long-term strategy, not a yearly decision. Typical start-up costs include office supplies, market research, advertising, and consultant fees to help with your business plan.

Insurance 195

Insurance Insurance Consulting How To 195

Harvard Business

MAY 16, 2016

Strategic alignment, for us, means that all elements of a business — including the market strategy and the way the company itself is organized — are arranged in such a way as to best support the fulfillment of its long-term purpose. Strategy is how the business will achieve it.

Banking 132

Banking Film Strategy Strategy 132

Tom Spencer

AUGUST 12, 2022

Marketing is an incredibly important function of any growing business. Marketing is generally the initial point of contact in a customer’s purchasing journey. In this article, I would like to share a few tangible pieces of advice that may benefit you if you are planning to jump into a marketing related venture.

Tools 88

Tools Marketing Media Data 88

Harvard Business

SEPTEMBER 25, 2017

It has been 10 years since the global financial crisis, and the fall-out continues in the industry that was at its epicenter: banking. There has been a truly dramatic retrenchment from foreign markets, making banking a rare case of an industry becoming less, rather than more, global. For some banks, the answer is simply: Yes.

Banking 71

Banking Balance Sheet McKinsey Finance 71

Consulting Matters

JANUARY 29, 2020

The presence of money fears can be good if they act as alerts to be strategic about investments and with marketing and sales. When I started my business, I was a single mom with only $200 in the bank. Money Fear: "I'm not good at marketing so I'll find other more successful consultants or coaches who will hire me as a subcontractor".

Consulting 177

Consulting How To Talent Training 177

Management Consulted

AUGUST 1, 2013

Oliver Wyman’s strategy consulting practice has made waves specifically in the financial services sector , and beyond as well. Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy. Public Policy.

Oliver Wyman 201

Oliver Wyman Interviews Mercer NERA Economic Consulting 201

Harvard Business

JUNE 13, 2016

Yet the unfortunate side effect of uncompetitive markets is that consumers pay higher prices. Basically, a handful of asset management firms have become the most powerful shareholders of the nation’s largest banks. Index funds have given millions of people relatively low-cost access to the stock market. trillion in assets.

Banking 70

Banking Airlines Government Industry 70

Consulting Matters

DECEMBER 7, 2018

It’s not that I didn’t have any money, but I was terrified of parting with any of the little cushion I had safely in the bank. Invest in a strategic partner who can help you create a website that has: A solid strategy based on the demographics AND psychographics of your ideal client and how you can help them.

Consulting 223

Consulting How To Intellectual Property Meeting 223

Management Consulted

APRIL 2, 2017

Strategy& (PwC). Ask any consultant about the Middle East, and Booz (now Strategy&) will be the first name on their lips! A little later, Booz was acquired by PwC and rebranded as Strategy& Now that our little history lesson is complete, let’s continue. Here we go! McKinsey & Company. McKinsey at #4?

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Consulting Matters

MARCH 27, 2020

For many who are dealing with layoffs right now, it's a career hit, in the middle of a health crisis, in a market where no one is hiring. Dig into your memory banks and find all the times that you got yourself out of difficult experiences, rose after failure, found meaning in suffering and challenge. So there I was. Single mom.

Banking 245

Banking Talent Interviews Course 245

Consulting Matters

NOVEMBER 12, 2020

I was now a single mom with only $200 in the bank. I hired an amazing mentor and web strategist who helped me create a world-class website and marketing strategy and landed my first client within 2 weeks of launching that earned me 10x more of what I was earning as a freelancer. I was the real deal. Want to travel in the summer?

Consulting 296

Consulting Travel Tools Company 296

Harvard Business

APRIL 12, 2018

Jon Buchan, the director of London-based Charm Offensive, a creator of innovative cold emailing campaigns, applies Curry’s disruptive basketball strategy to business: “Find a gap,” Buchan writes. ” Embracing market risk in our careers is a high-percentage move. “A chink in the armor. If so, try it.”

Chemicals 134

Chemicals Banking Film Fashion 134

Consulting Matters

DECEMBER 7, 2018

It’s not that I didn’t have any money, but I was terrified of parting with any of the little cushion I had safely in the bank. Invest in a strategic partner who can help you create a website that has: A solid strategy based on the demographics AND psychographics of your ideal client and how you can help them.

Consulting 214

Consulting How To Intellectual Property Meeting 214

Harvard Business

NOVEMBER 22, 2017

How do banks switch customer relationships from branch offices to mobile phone screens? For every company wrestling with evolutions in its strategy, success depends as much on matching the operating model to those evolutions as it does on the soundness of the strategy itself. The Gap Between Strategy and Execution.

Strategy 71

Strategy Strategy Strategy& Company 71

Management Consulted

OCTOBER 3, 2012

The prize for best answer was a FREE Consulting Case Bank and The Consulting Bible 3rd edition – a HUGE giveaway – so we weren’t surprised when we heard from so many of you. market for latex condoms. Recently, Mayer Laboratories sued Church and Dwight, Trojan’s parent company, for illegally monopolizing the market.

Consulting 204

Consulting Case Interview Interviews Engineering 204

Harvard Business

DECEMBER 23, 2016

In order to create value in India in the coming decade, companies must have a mobile-first strategy. In this environment, a new 4G only player has entered in 2016 with an initial investment of $20 billion in network and market infrastructure. Mobile banking has been touted as a potential solution, but results so far have been limited.

Strategy 70

Strategy Strategy Strategy& Banking 70

Harvard Business

DECEMBER 6, 2016

As marketing continues to shift and improve, we’ve come to rely on IT to provide expertise on current technology and, perhaps more importantly, to provide a road map that shows where technology will lead, where integration is critical, and how to make the best use of increasingly sophisticated tools. This means being more strategic.

Marketing 70

Marketing Data Banking System 70

Harvard Business

SEPTEMBER 14, 2018

Ever since the forced bankruptcy of the investment bank Lehman Brothers triggered the financial crisis 10 years ago, regulators, risk managers, and central bankers around the globe have focused on shoring up banks’ ability to withstand financial shocks. Peter Dazeley/Getty Images.

Financial 131

Financial Banking System Resumes 131

Harvard Business

MARCH 22, 2018

My perspective and approach to misconduct risk are influenced by my work as a bank supervisor, and by my background and training as an economist. In my view, bank supervision must include attention to the culture at financial firms, not just to their financial safety and soundness. Market Failures and Misconduct Risk.

Culture 134

Culture Company Financial Banking 134

Tom Spencer

MAY 18, 2019

These asset classes can include public equities/stocks, fixed income/bonds, money markets, commodities, infrastructure, real estate and alternative strategies – including hedge funds, private equity and venture capital. As such, asset manager performance tends to be correlated with stock market performance. Franklin Resources.

Industry 113

Industry Real Estate Management Retail 113

Consulting Matters

JUNE 1, 2023

We also delved into her networking strategies for introverts, leveraging unique advantages, and establishing credibility through content and publications. ” A frequent contributor to the Harvard Business Review , she consults and speaks for clients including Google, Microsoft, and the World Bank.

Consulting 156

Consulting Journal Small Business Education 156