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Steps for Getting Started as an Independent Consultant

Successful Independent Consulting

I'm thinking of starting my own consulting practice to do XYZ. Subcontracting is straightforward because the agency or platform usually sets the rate, carries the insurance, and handles the contracting and billing. You need to add an uplift to cover business expenses, health insurance, and non-billable time.)

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How to Pay Less Tax as an Independent Consultant

Successful Independent Consulting

Tax season is probably the most important time for independent consultants to think like business owners. Health insurance premiums Although expensive, your premiums for health and dental insurance are tax-deductible when youre self-employed. Much more info below!) based on the percentage the car was used for business.

Insurance 195
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Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

The Pros and Cons of Subcontracting Basically, subcontracting is about working through intermediaries such as agencies, consulting firms, or online platforms to connect you with client projects. Agencies (and boutique consulting firms) typically involve human intermediaries who actively match consultants with projects.

Cash Flow 195
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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Being a self-employed consultant or “solopreneur” isn’t for everyone. I made the leap to independent consulting in 2004 and never looked back. Now I run a national talent agency for HR consultants as well as the Professional Independent Consultants of America, both organizations that help independent consultants be successful.

Cash Flow 370
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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. Most consultants tend to use an hourly rate anyway, because it’s the easiest to figure out, there’s less risk of undercharging, and it’s what most clients are used to.

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Management Consulting versus Investment Banking

Management Consulted

Banking salaries average 50-100% higher than consulting salaries , with the difference increasingly significant as your seniority increases. Consulting compensates with perks that banking does not offer – from better travel allowances to more generous health and retirement packages. 2 LIFESTYLE.

Banking 272
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Anyone Can Succeed - Celebrating 15 Years of Consulting Success with Dan Weedin

Consulting Matters

Bosses, colleagues and friends all questioned the wisdom of quitting his high-paying job and steady paycheck for the unknowns of starting his own consulting business. After over 15 years of consistent and growing consulting success - they now understand exactly why he did it. So I had been selling insurance but then I started thinking.