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Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

For example, if you do change management work on big system implementations, you may lose $50,000 or more. If you work shorter projects lasting two or three weeks, though, subcontracting might be worth it. Where to Find Subcontracting Opportunities Both agencies and online platforms are good options for connecting you with clients.

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Do an internet search such as “typical hourly rate for change management consultant in [your location].”

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All Management Is Change Management

Harvard Business

Change management is having its moment. But many of these indicate that change management is some occult subspecialty of management, something that’s distinct from “managing” itself. This is curious given that, when you think about it, all management is the management of change.

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How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

Field of expertise — Consultants who can diagnose problems and create sound strategies and actionable plans can charge more than those who focus on more tactical work like project management. As a general rule, the more strategic — or frankly, the more mysterious — the work is perceived to be by the client, the more they are willing to pay.

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Supplementing Your Pipeline with Consulting Agencies

Successful Independent Consulting

Some agencies provide access to group health insurance plans, a plus in the U.S. It may be worth doing one project just to get access to better health insurance rates, but I’m not sure how good the rates are or if they offset the first disadvantage listed below. Faster, easier, cheaper business administration.

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What Spinning Off a GE Business Taught Me About Managing Ultra-Fast Change

Harvard Business

Change management can be a test for any organization. Several studies by Towers Watson show that just 25% of change management initiatives are successful over the long term. Change management certainly tested us. Would our health insurance programs include their doctors and hospitals?

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How AIG Moved Toward Evidence-Based Decision Making

Harvard Business

” One might be surprised to find a Science Team in an insurance company. Ninety percent of the team was recruited from beyond the insurance industry to enable it to challenge the status quo approach to decision-making. In January 2012, AIG launched the “Science Team.”