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Watching the Dunning-Krueger Effect in action can range from amusing to frustrating to downright frightening. The impact on your consulting firm is very real because it affects your target market and also your consulting team (including you). What is the Dunning-Krueger Effect? Your ten year-old, having watched you drive from their car seat, and with … Continued The post Oh No!
Are you looking to scale your consulting business? This episode will deliver that to you! Today, Kenny Goldman, the co-founder and CEO of Kicksaw, discusses how consulting businesses can elevate their practice through the Fractional Services Model. Kenny also brings insights on strategically determining optimal time and innovative technology and systems.
Formulas may be road-tested approaches to business challenges, but formulas have flaws. What worked yesterday might not be applicable or even plausible today. There are three primary weaknesses to relying on formulas to address business issues in a constantly changing environment: 1.) they don’t work the same in all contexts; 2) they can be replicated by the competition; and 3) they can have hidden risks.
For years, we've used several metaphors to describe software product development: People-based metaphors, such as: Man-weeks for all the humans working on a project or a product. FTE for full-time Equivalent (as in human beings!) “Resources” instead of the words: people, or human beings Construction metaphors, such as: build, which describes how we organize and create a usable product.
AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.
Even if your latest project isn’t focused on technology, there are likely to be many aspects of various technologies that your team must master to achieve success. And this doesn’t just mean understanding project management software. The emphasis on modernization and digital transformation within most businesses today, coupled with the steady growth of SaaS and other software platforms to help fill those needs, means that project groups will increasingly rely on technology to carry out many diff
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Management Consulting Connection brings together the best content for management consulting professionals from the widest variety of industry thought leaders.
More and more businesses are turning to AI-powered technologies to help close the data-insight gap and improve their decision-making capabilities in time-critical, high-pressure situations. These technologies encompass a wide range of tools, including virtual assistants, virtual and augmented reality, process discovery, task mining, and an array of data analytics and business intelligence platforms.
Passive income for consultants…is it really possible? Yes. It absolutely is. We’ve done it ourselves and we’ve taught our Clarity Coaching clients to create passive income. However, creating “true” passive income — income that requires no ongoing work — takes a lot of work upfront. In this article, I’ll share… What passive income looks like.
When it comes to running a business, there are a lot of things to take into consideration. One of the most important is how you structure the organization. Organizational structure describes the day-to-day set-up of a company, with everything from how many managers you have to the skillsets your employees possess to how decisions are made. There are two main types of organizational structures: tall and flat, both of which have pros and cons.
Pricing. It’s the dreaded task of figuring out what to charge that overwhelms even the most seasoned consulting and coaching business owner. What’s also confusing is how to PRESENT those fees in a way that is attractive to a client … without the “ick” of coming across as too salesy. Can you relate? In today’s episode, I go into the psychology of 7 proven pricing strategies and why they work.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Projects are unique, temporary, and dynamic. At the beginning of a project, you can be proactive as you plan, schedule, source, and staff. But the process will invariably shift and become more reactive as you respond to challenges along the way. Project success ultimately depends on maintaining project team alignment from inception to completion. That can only happen when a project manager consistently realigns the team throughout the project.
Business operations teams play a critical role in the success and growth of both big companies and small startups. While the specific responsibilities may vary based on the organization’s size, industry, and structure, these teams are generally responsible for various functions aimed at optimizing operations, driving efficiency, and supporting strategic goals.
Change is not easy. As a leader, you know that for a fact. Even change that is for the better is never “bump-free,” as we discussed in a previous blog. Of course, you expect unwelcome changes to be hard on people and prepare accordingly. But what about a change you assume will be received as good news but – to your complete surprise – is viewed as bad news?
Jeremy Delk shares his entrepreneurial journey, from Wall Street trader to CEO of an Inc 500 fastest-growing company. Learn how to achieve business success.
Mastering data visualization in PowerPoint will help accelerate your career because it positions you as someone who can present data that drives business decisions forward. think-cell's PowerPoint Best Practices eBook was created specifically for professionals aiming to master the art and science of data-driven storytelling. What’s inside: Practical Insights: Uncover valuable tips for crafting engaging and persuasive presentations.
Modern work is inherently project-based and collaborative. We are all project managers to some extent. From film directors and restaurant owners to lawyers and accountants, many professions involve managing projects. For everyone, not just project managers, mastering timeboxing can be a gateway to bridging the gap between intention and execution. You’re probably already timeboxing, at least a little.
My experiment continues. My cold is better, but I needed an outtake for this one. Transcript: I’m Johanna Rothman, and this is 60 Seconds of Johanna’s WIP for October 26, 2023, where I read an excerpt of just a minute of some writing in progress. This excerpt is from a short story, currently titled “A Dreidel Ball Miracle,” which will be published in the Holiday Spectacular Kickstarter, link below.
Wouldn’t it be great if the next time something unexpected happened, your team spent less time reacting and more time taking action? It may sound impossible, but it’s not. I’ve had several conversations with clients recently about how to develop quicker and more effective responses to the unexpected. We’ve all come to accept that changes […] The post See It Before It Happens appeared first on Weber Business Services, LLC.
Professional services is an expansive space spanning several industries – consulting firms, software publishers, IT service providers, even manufacturers and distributors that offer post-sale services — each with its own set of challenges, regulations, and opportunities. And even within individual categories, you’ll find a diverse cross-section of SMBs, multinational enterprises, boutique firms, and even solo freelancers – plus a wide range of business models and organizational structures.
Savings Consultants are needed in today’s market more than ever. With an increase in expenses, businesses are looking for opportunities to save. Often unknown to businesses are savings in expense reduction, specialized tax savings, specialized savings including medical underpayments, health benefits cost reduction, zero cost processing, and more. Blue Coast Savings, with over 20 years in business, assists Savings Consultants in helping these companies move toward more profitable businesses.
In the aftermath of a very public system failure or a project going significantly over-budget, a key question that’s often asked is: “Why didn’t anyone bring this to our attention?” The root causes of why people fail to escalate issues (even when they know it’s the right thing to do) fall into both organizational and systemic categories. Among them are the lack of a culture of trust, poor communications, ineffective feedback, and valuing IQ over EQ.
Band Parents — The Ideal Ad Hoc Team Model? Diverse groups of adults working in sync with each other to help an org = a big YES! Marching band kids amaze me. They pour themselves into working together to make music. They work tenaciously for weeks to learn and execute 10-minute field shows, which they perform at football games and in competitions. Like sports, the work challenges the mind, body, and spirit, and it forms strong social skills and connections imperative to performing well.
Sixth in a Series How to Differentiate Yourself and Your Consultancy Training in International Standards of Consulting By David Norman, FCMC, CMC-AF In addition to the four blogs in the series presented before, another way to further differentiate your consulting is to get training in ISO 20700. Wouldn’t it look good to put the ISO initials on your marketing collateral, your CV, or even your email signature?
ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!
Is it possible to implement corporate purpose in such a way that it achieves multi-stakeholder impact and high financial growth? To answer this question, the authors studied 12 companies that were employing various industry-specific strategies and found that those that successfully achieved the dual goals of purpose and profit did so by adopting what they call an “advocacy-based business model.
What is Professionalism? Professionalism is the ability to conduct oneself with responsibility, integrity, accountability and excellence. Sharon Burton and Nelda Shelton, in their book “Office Procedures for the 21st Century” […] The post What is Professionalism for the Administrative Professional? appeared first on Office Skills Training.
Discover the untapped extraordinary potential of ChatGPT by diving into topics that resonate with your business needs. Follow this simple 4-step prompt sequence, inputting each prompt separately into ChatGPT. The insights you’ll uncover could be game-changing for your business and personal growth. I am interested in [insert topic of interest].
A path on my running route overgrown but still visible. This morning, I attended a Momentum session of the Society for Evidence-Based Organizational Consulting (SEBOC). Facilitated by Christina Walsh, the topic of discussion involved the “refraction points” (Nour, 2023) in our lives and careers , which bend our trajectory in new directions. This group of Industrial-Organizational (I-O) Psychology practitioners took turns sharing how they found their way toward our aligned passions of how people
In today’s competitive market, pricing is more than just a number — it’s the cornerstone of profitability. The right pricing strategy ensures that you capture the true value of your offering, paving the way for sustainable growth and long-term success. Join Igli Laci, Strategic Finance Leader, in this exclusive session where he will explore how a well-crafted pricing approach balances customer perception with business objectives, creating a powerful tool for securing both competitive advantage a
There are unprecedented opportunities at the intersection of AI, project management, and sustainability. Unfortunately, without proper execution, projects to implement AI come with complexities, costs and a carbon footprint that undermine sustainability goals. It is essential for project managers to learn to implement “green algorithms,” specialized AI constructs designed to both enhance operational efficiency and prioritize sustainability.
Complicated problems have a solution, and the solution can often be found by breaking the complicated portions into smaller pieces. And complicated problems often have an emotional component, because there are parts of the problem we don’t want to look at closely, or deal with personally. If you’re lucky enough to be handed a complicated problem, know that effort and guts can often get you where you’re going.
When you think of a leader, you may think of someone who’s confident, caring, decisive, and determined. While these are all very important attributes, leaders should also leave room for employees to respectfully challenge their ideas. Some of the strongest and most successful leaders we have coached, make decisions, or talk them through, in groups. Sometimes you may think that you’ve got the answer, or covered all of your bases, and then, out of left field, an employee says, “What about…” and pr
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