Successful Independent Consulting

OCTOBER 27, 2023

Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry. Other tips: Benchmark your rate to increase your confidence. For example, shift from an hourly rate to a fixed fee so you’re compensated for your intellectual property.

Consulting 393

Consulting Intellectual Property Deloitte Benchmarking 393

Tom Spencer

FEBRUARY 11, 2022

Firms do this mainly by searching for companies with similar profiles, and benchmarking prices against those used in the broader market. A showcase example are royalties paid for patents and other intellectual property. Multinational corporations like to take advantage of any ambiguity. This is the strategy followed by Apple.

Intellectual Property 88

Intellectual Property Deloitte Benchmarking Marketing 88

MishTalk

JANUARY 12, 2014

The patent race among industry leaders has threatened to overwhelm smaller technology companies, forcing them to mount their own acquisition campaigns to defend themselves. However, the sheer quantity of patent holdings also helps deter attack and has led to an intellectual property arms race.

Intellectual Property 68

Intellectual Property Benchmarking Analysis Company 68

Harvard Business

JULY 21, 2017

Precisely because they are unique, one Quirky product rarely improves another Quirky product, whereas one Uber ride helps benchmark the price and quality of another Uber ride and each Google search helps improve results of another Google search. This puts friction on knowledge sharing.

Intellectual Property 28

Intellectual Property Benchmarking Case Study Case Studies 28

Harvard Business

JULY 14, 2017

Think of platforms and networks in our digital age as the equivalent of electricity and motors in the industrial age. Intellectual capital. For most companies intellectual property is something that sits on their balance sheet. After all, there is a multibillion-dollar industry focused on customer relationship management.

Intellectual Property 28

Intellectual Property Strategy Strategy Strategy& 28

Harvard Business

JUNE 20, 2016

And second, they need to ensure that – even with respect to strategy and operations – board scrutiny doesn’t result in an over-emphasis on conforming to benchmarks and industry norms. I’m not against benchmarking and norming. Letting your ETR slip to the benchmark could risk your customers’ trust.

Benchmarking 36

Benchmarking Company Balance Sheet Intellectual Property 36