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Now Is the Best Time to Raise Your Rates

Successful Independent Consulting

Make a guess of what you think your new rate should be. For example, if your rate is now $150 an hour, what do you think is a logical next step? The amount might be 3% or 5% annually. Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Jot it down.

Policies 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. Although I made more money while working fewer hours, I also had to learn how to run my own business. Corresponding worksheet here. ) Corresponding worksheet here. ) of net income.

Cash Flow 370
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Nine Things to Think About Before Taking the Leap to Independent Consulting

Successful Independent Consulting

I made the leap to independent consulting in 2004 and never looked back. Although I made more money while working fewer hours, I also had to learn how to run my own business. You need to be able to pay your bills in good times and bad, and to have at least four months of savings when you start your business.

Cash Flow 195
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Now is the Best Time to Raise Your Billing Rate

Successful Independent Consulting

Make a guess of what you think your new rate should be. For example, if your rate is now $150 an hour, what do you think is a logical next step? The amount might be 3% or 5% annually. Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Jot it down.

Policies 195
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Now Is the Perfect Time to Raise Your Consulting Billing Rate

Successful Independent Consulting

Make a guess of what you think your new rate should be. For example, if your rate is now $150 an hour, what do you think is a logical next step? The amount might be 3% or 5% annually. Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Jot it down.

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How and When to Raise Your Consulting Rate

Successful Independent Consulting

First, make a ballpark guess of what you think your new rate should be. For example, if your rate is now $150 an hour, what do you think is a logical next step? The amount might be 3% or 5% annually. Third, do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying.

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LinkedIn Hacks for Management Consulting Applicants

Tom Spencer

LinkedIn is an often overlooked part of the management consulting application. LinkedIn is actually a key part of the management consulting application. The last thing you want is to be notified by LinkedIn that a consultant or partner has viewed your profile, only to receive a rejection letter the next day.

Resumes 103