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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

People who market themselves as independent professionals and operate as small businesses can charge more than those who work as subcontractors. For example, “My rate ranges from $185 to $225 an hour depending on the scope, duration, and complexity of the work.” Other tips: Benchmark your rate to increase your confidence.

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Missing the AI Boat: The High Cost of Staying Behind

Chad Barr

Here are just a few examples of its powerful applications: Predictive Analytics : Anticipating consumer behavior and optimizing ad spend. Business Operations : Virtual assistants scheduling meetings, automating reminders, and handling repetitive tasks seamlessly. A standout example is Netflix.

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How To Help Ensure Strategy Scorecards Don’t Fail You

Steve Shu Consulting

For example, should a benchmarking framework be used? In the scorecard below, I’ve also depicted areas where the company needs to make improvements (operational and tactical focus) and where the company needs to differentiate longer-term (strategic focus). . Or will that framework lead us down a path of mediocrity?

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Sustainable Supply Chains Reduce Environmental Footprint

Tom Spencer

For example, Adidas has launched initiatives to produce shoes from ocean plastic waste , turning a pollutant into a valuable consumer product. For example, Unilever is working towards making all of its plastic packaging recyclable, reusable, or compostable by 2030. Utilizing recycled materials is another effective strategy.

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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. It’s a matter of what they’re used to and their operating margins. Grocery vs biotech — Some industries have notoriously low or high operating margins, so the money they have to reinvest back into the business will vary along with their price sensitivity.

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How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business

Mainstream software companies are beginning to hold “ data mirrors ” up to their customers, allowing scoring and benchmarking of their customers’ strategies. SAP, for example, has data on a variety of transactional domains, from customer orders to vacation balances.

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Your Company Needs a More-Radical Board of Directors

Harvard Business

First, directors face a real challenge in making sure that protection and alignment of key governance and risk management issues doesn’t crowd out equally important dialogue around strategy and operations. I’m not against benchmarking and norming. Benchmarking and norming won’t always lead to the right decision.

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