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Being a self-employed consultant or “solopreneur” isn’t for everyone. Sure, it sounds fabulous – be selective about which jobs you take, have a flexible schedule, escape office politics, make really good money – but it definitely has some drawbacks. I made the leap to independent consulting in 2004 and never looked back.
Generally, the more experience you have as an independent consultant, the more likely you should move from billing by the hour to a fixed fee. Is there a definitive deliverable? I’ve seen consultants quote a fixed fee for a full-day workshop but after the workshop was postponed twice, they started to feel their profitability shrink.
Definitions. More stable cashflows are attractive for three reasons. Secondly, a strong cash position can also be used to extend credit to customers and thereby increase sales. Get Email Updates (It’s Free). -- Australia’s premier consulting blog. Graduate Consulting Group. Management Consulting.
This article covers two sides of the same coin for independent consultants: how to set up your business for success and what expenses to track to pay less tax. I know this sounds like a pain but you definitely want to avoid paying late fees. Note: I know many established independent consultants who could benefit from this info!
Consulting success will be yours when you start taking greater risks and stop reinventing the wheel with every new client that comes along. Description: David Baker is a consultant who has been working with marketing firms and advertising agencies since the late 1980s. Don’t Compromise Just to Keep Feeding the Machine.
She enthusiastically advocated that everyone interested in consulting should only go for boutique firms. Today, having acquired more perspectives from friends and colleagues with boutique firm experience, I have a greater appreciation of what it means to start a consulting career at a boutique firm. Exit Opportunities.
Management consulting is an industry that offers assistance with this kind of high-level decision-making and problem-solving. Management Consultants help businesses make strategic decisions that directly impact the entire company. What is Management Consulting A lot of people ask me, “What is management consulting exactly?”It’s
In the previous article , we introduced the key skills an effective consultant is expected to possess — but now what? As an aspiring consultant, simply knowing which skills to show on your CV is not enough; you’ll also need to know how to hone and highlight these skills, which is what we’ll be covering in this article.
Looking at it this way, assets will be resources that increase in value or generate cashflow. You may have one eye on cashflows, but you are basically trying to ensure your organisation’s long term survival and prosperity. If you are a strategist, then your goal is different again.
Looking at it this way, assets will be resources that increase in value or generate cashflow. You may have one eye on cashflows, but you are basically trying to ensure your organisation’s long term survival and prosperity. If you are a strategist, then your goal is different again.
This is a good testimonial: “When I came to James, the cashflow in my business was in chaos and my profitability was down despite increasing my business volume in the past year. We now have a good, positive cashflow each and every month, and profitability is up by 13%. How to Get That Testimonial.
Of course, financial experts have many detailed definitions of M&A. There are three main valuation methods you can use to estimate the value of the company: Discounted CashFlow , Comparable Companies , and. These articles are written by professionals in a reader friendly language; you will definitely appreciate them.
On November 17, 2015 we held our eighth Getting the Deal Done Breakfast Conference at the Bellevue Club (with co-sponsors PRK Law, Meridian Capital, Columbia Bank, Bashey Hutchinson & Walter, CPAs, and “Partner” On-Call/Martinka Consulting). The post Getting the Deal Done recap appeared first on Martinka Consulting.
Sumeet Goel, who founded HighPoint Associates , a professional advisory firm that staffs independent consultants at companies ranging from midsize ones to the Fortune 500, agrees that many freelancers often happen into it: “I’d say 90% go down this path because of circumstance. Principles to Remember.
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