Remove Cash Flow Remove Definition Remove Development
article thumbnail

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.

Cash Flow 370
article thumbnail

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

Successful Independent Consulting

Plus, you’ve developed a good system for interpreting interview data. Is there a definitive deliverable? It’s also easier to bill in installments, including a down payment, so you can get cash flowing sooner. You also have a survey you can adapt to get needed data from other stakeholders.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. That means boutique firms offer opportunities for career growth and skills development that are more focused and relevant to a specific area of work.

article thumbnail

Setting Up a Foundation for Consulting Success

Successful Independent Consulting

I know this sounds like a pain but you definitely want to avoid paying late fees. Avoid a full-time or long-term lease so you can keep your expenses as low as possible, especially in the beginning when cash flow will be tighter. Tip: Set a calendar reminder to write down your odometer reading on January 1 and July 1 every year.

article thumbnail

Management Consulting

CaseInterview.com

They evaluate issues that the client is facing and help them develop action plans for improvement. It’s not easy to come up with a simple definition of what we do. I always develop specific criteria to measure the success of my recommendations. Make sure that these solutions are tailored to the needs of the clients.

article thumbnail

Honing and Highlighting the Consulting Skillset

Tom Spencer

For instance, many Oxford students participate in the Oxford Strategy Challenge, which is a mini consulting experience that allows students to work in teams to develop solutions and recommendations for a real business or local organisation. In fact, team sports is an often overlooked way of demonstrating teamwork.

article thumbnail

Getting the Deal Done recap

Martinka Consulting

Rather than the usual talk about best practices (nothing wrong with those talks) this talk was definitely from the heart, not the head. In other words, you can’t just pull a number from air and say, “I’ll pay X times EBITDA (or free cash flow, aka profit) for a business.