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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. Use these sites even if you just left your corporate job because it’s possible your cost-of-living increases didn’t keep up with the market price for your expertise.

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Bank Profitability: Decoding the Income Statement

Tom Spencer

Firstly, by outlining the major items on a bank’s income statement, and then by discussing key ratios that are commonly used to measure profitability and to estimate the market value for banks. The interest rate set by the central bank serves as a benchmark or reference rate for banks. the spread).

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Quote Your Consulting Billing Rate with Confidence

Successful Independent Consulting

Benchmark so you know your rate is reasonable. Figure out your market rate. This is your market rate. It’s a matter of what they’re used to and their operating margins. For example, a grocery chain with a 2% operating margin is likely to be much more cost conscious than a medical device company with margins over 80%.

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Business intelligence vs. predictive analytics: Turn key differences into advantages

1 to 1

It encompasses data mining, data visualization, performance benchmarking, and descriptive analytics—techniques for parsing data to generate reports, performance measures and trends to reveal insights and make better business decisions. Business intelligence answers the questions, “who are our most valuable/least valuable customers?”

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2014 List of Strategy Consulting Firms in Sydney

Tom Spencer

Services include Strategy Development, Operational Improvement, and Transaction Support. Momentum’s vision is to become the leading independent consultancy in Australia providing the highest quality consulting services which integrate three key elements of organisational change: strategy, operations and people. Port Jackson Partners.

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Digital Transformation Is Racing Ahead and No Industry Is Immune - SPONSOR CONTENT FROM DXC TECHNOLOGY

Harvard Business

A 2014 study from Constellation Research quantified the accelerating rate of change in the enterprise by examining a simple benchmark — the entry and exit of U.S. Zurich Insurance Group Takes Its IT Infrastructure to the Agile Cloud. Disruption has accelerated dramatically, and the numbers prove it.

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Should a CEO’s Bonus Be Based on Financial Performance Alone?

Harvard Business

Other firms have ventured down this path, including the conglomerate Wesfarmers , with its 200,000-plus staff, and the global hospital operator Ramsay Health Care. ” Take, as an example, the world’s largest mining company by market capitalization, BHP Billiton. Should soft measures be part of a CEO’s scorecard?