article thumbnail

Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

Having consistent cash flow is one of the hardest parts about being self-employed, especially when youre just starting your business. To improve cash flow, I recommend subcontracting as a way to generate income while you continue to build your own business. Korn Ferry : Excels at filling interim leadership positions.

Cash Flow 195
article thumbnail

Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies. This means that if you work 100 hours in January and bill for it on January 31st, you probably won’t see any cash until the middle of March. Do you have the cash to make ends meet?

Cash Flow 370
Insiders

Sign Up for our Newsletter

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

article thumbnail

Leading Management Principles of the World’s Top Shipbuilders

Epicflow

Since 2007, MHI Group has changed its management paradigm toward portfolio optimization, introducing a strategic business evaluation system and focusing on cash flow. As stated in the report, between fiscal years 2010 and 2016, MHI successfully secured a cumulative free cash flow of nearly $14.4

article thumbnail

Leadership Tip #13: For Innovation, Remove at Least One Policy or Procedure a Week

Johanna Rothman

Money Policies to Manage Cash Flow. This is a part of the series of intermittent leadership tips. The post Leadership Tip #13: For Innovation, Remove at Least One Policy or Procedure a Week appeared first on Johanna Rothman, Management Consultant. The managers created friction, which resulted in problems.

Policies 131
article thumbnail

How to Navigate Revenue and Expense Management: Competitive Insights for Financial Success

Speaker: Hilary Akhaabi, PhD - Founder, Chief Financial & Operations Officer at Go Africa Global

Effective Cash Flow Management 🔑 Learn strategies to manage your cash flow efficiently, ensuring liquidity and financial stability. Don't miss this opportunity to transform your approach to revenue optimization and take your financial leadership to the next level. Register now to secure your spot!

article thumbnail

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

Successful Independent Consulting

An executive wants to hire you to help gauge how receptive his leadership team will be to a strategic shift he’s contemplating. It’s also easier to bill in installments, including a down payment, so you can get cash flowing sooner. By doing so, you’ll boost your income per hour. Here’s an example.

article thumbnail

Economies of Scope - Tom Spencer consulting blog

Tom Spencer

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. Leadership. Firstly, they can be used to negotiate more favourable credit terms with banks. 4. . -- Australia’s premier consulting blog. Categories.

Cash Flow 117