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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

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. Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies.

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Is It Time to Consider a Fixed Fee for Your Consulting Services?

Successful Independent Consulting

Is there a definitive deliverable? It’s also easier to bill in installments, including a down payment, so you can get cash flowing sooner. Do not quote a fixed fee when you’re a member of a larger team or if technology changes are involved — you can’t control the timing or final outcome.

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Reclaiming the Idea of Shareholder Value

Harvard Business

Properly understood, maximizing shareholder value means allocating resources so as to maximize long-term cash flow. Time horizon is a particularly important part of the governing objective’s definition. But the short term and the long term are not adversaries in a zero-sum game.

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Economies of Scope - Tom Spencer consulting blog

Tom Spencer

Definitions. More stable cash flows are attractive for three reasons. Secondly, a strong cash position can also be used to extend credit to customers and thereby increase sales. Helpful Links. Economies of Scope. by Tom Spencer on November 14, 2011 · 0 comments  ·  Image Source. in Economics.

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Taking Greater Risks to Enjoy Greater Rewards with David Baker: Podcast #14

Consulting Success

With over three decades of experience under his belt, he is definitely a consulting and business expert, and you won’t want to miss the insights he shares on this on this episode of the Consulting Success Podcast. Don’t Compromise Just to Keep Feeding the Machine. Taking Risks Means Securing Success.

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Considerations for Starting your Consulting Career at a Boutique Firm

Tom Spencer

There is no established definition of what identifies a consulting firm as boutique. Not all boutique firms generously share profits with junior consultants, but some definitely do. In this article, I will give you a big picture idea of boutique consulting and what you should consider before starting your career at this type of firm.

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Do you have assets?

Tom Spencer

Looking at it this way, assets will be resources that increase in value or generate cash flow. You may have one eye on cash flows, 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.