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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? Other tips: Benchmark your rate to increase your confidence.

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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. Although rate information is a closely guarded secret, based on my 20 years in the industry here are very rough ballpark numbers for “management consulting” (not IT consulting, project management, training development, etc.). There are lots of ways to do this.

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Management Consulting versus Investment Banking

Management Consulted

Managers rarely yell, coworkers try to help each other out whenever possible, and companies are organized to provide consultants support with training, expertise, etc. Call me biased, but I received the best years of business training possible in my time at McKinsey. This attitude permeates all interactions. 3 SKILL DEVELOPMENT.

Banking 272
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Evaluating ROI on Your Company’s Learning and Development Initiatives

Harvard Business

Leaders can use an approach called balanced benchmarking, borrowed from operations management, to conduct a needs assessment and apply training where it can be most effective. The author explains how this approach was applied at a firm in the legal services industry and offers five strategies for implementation.

ROI 88
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A Success Mindset Cultivates Achievement

Rick Conlow

Many professional teams with tons of talent fail to win when players don’t operate as a team. In addition, do you want to benchmark your career with the habits of successful people? Also, go here for our RealTime Learning & Training leadership and personal development website. The people around you are important.

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Is Your Staff Cross-Trained?

Peter Stark

With the pandemic, it brought out a need more than ever for employees to be cross trained with employees working in remote, in office, in quarantine, or out sick. Organizations in Peter Barron Stark Companies’ Best of the Best Benchmark are consistently rated higher in the competencies of cross-departmental teamwork.

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How to Understand Key Metrics in a New Industry

Tom Spencer

To help me understand these new numbers I use analogies based on my initial training to help me understand a new industry. They have an operating budget based on the amount of their grant. When tracking a metric use appropriate benchmarks to assess performance, identify progress, and make necessary adjustments.

Metrics 88