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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Even if your pricing strategy is to use a fixed price or to use a hybrid approach (part fixed, part variable), use your base rate as the building block and to sanity check your package pricing. For example, “My rate ranges from $185 to $225 an hour depending on the scope, duration, and complexity of the work.”

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How To Help Ensure Strategy Scorecards Don’t Fail You

Steve Shu Consulting

For many strategy engagements, a lot of attention is paid to the detailed analysis framework. For example, should a benchmarking framework be used? Regardless of strategy technique, one key output of these efforts is often a scorecard summary. Or will that framework lead us down a path of mediocrity?

Strategy 236
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Leveraging AI Tools for Business Success

Business Consulting Agency

Explore how AI tools can benefit businesses, provides examples of such tools, and discusses how business consultants can aid in successfully implementing these technologies. Example Tool: UiPath – A leader in Robotic Process Automation (RPA) that helps businesses automate repetitive office tasks.

Tools 52
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Now Is the Best Time to Raise Your Rates

Successful Independent Consulting

For example, if your rate is now $150 an hour, what do you think is a logical next step? In my example of $150 hourly, a 5% annual increase works out to $157.50 Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Instead, I suggest triangulating on a rate that seems fair.

Policies 195
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Inflation: Understanding its Impact on the Economy

Tom Spencer

For example, a dozen eggs cost around $1.00 For example, the Federal Reserve aims to achieve 2% inflation as an ideal benchmark to avoid its counterpart, deflation. For example, during the 1980s when inflation and unemployment were both high for a period of time economists faced a policy dilemma.

Policies 147
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Now is the Best Time to Raise Your Billing Rate

Successful Independent Consulting

For example, if your rate is now $150 an hour, what do you think is a logical next step? In my example of $150 hourly, a 5% annual increase works out to $157.50 Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Instead, I suggest triangulating on a rate that seems fair.

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

Successful Independent Consulting

For example, if your rate is now $150 an hour, what do you think is a logical next step? In my example of $150 hourly, a 5% annual increase works out to $157.50 Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Instead, I suggest triangulating on a rate that seems fair.