Remove Cash Flow Remove Definition Remove Marketing
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

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 Do not quote a fixed fee when you’re a member of a larger team or if technology changes are involved — you can’t control the timing or final outcome.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Economies of Scope - Tom Spencer consulting blog

Tom Spencer

Definitions. In contrast, economies of scope is a lesser known concept particularly relevant to small and medium sized enterprises (SMEs) that may not have access to large markets or the ability to produce at scale. Marketing – The cost of advertising can be shared across products. Helpful Links. Economies of Scope.

Cash Flow 117
article thumbnail

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

Consulting Success

Description: David Baker is a consultant who has been working with marketing firms and advertising agencies since the late 1980s. 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.

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. Determine your marketing and positioning (how you “go to market”). More info below.)

article thumbnail

How to Get Client Testimonials

The Fearless Marketer

This is a good testimonial: “When I came to James, the cash flow 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 cash flow each and every month, and profitability is up by 13%. How to Get That Testimonial. Decide on a System.

article thumbnail

Management Consulting

CaseInterview.com

It’s not easy to come up with a simple definition of what we do. Let’s say a company is looking to relocate to a new market. They may hire a consultant to advise on ideas for gaining market share. They may hire a consultant to advise on ideas for gaining market share.