article thumbnail

Now Is the Best Time to Raise Your Rates

Successful Independent Consulting

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Reference the length of your relationship or any recent results from your work. If you want to grow your business or meet your financial goals, charge what you’re worth! for year one, $165 for year two, and $172.50

Policies 195
article thumbnail

Inflation: Understanding its Impact on the Economy

Tom Spencer

Inflation, which refers to a general increase in the price of goods and services, results in a reduction in the purchasing power of money over time. For example, the Federal Reserve aims to achieve 2% inflation as an ideal benchmark to avoid its counterpart, deflation. Since 2008, the rate of inflation in the U.S.

Policies 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How and When to Raise Your Consulting Rate

Successful Independent Consulting

Third, do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Reference the length of your relationship or any recent results from your work. Yes, I thought the meeting went exceptionally well too! Do the math a few different ways and see how these numbers play out.

article thumbnail

Now Is the Perfect Time to Raise Your Consulting Billing Rate

Successful Independent Consulting

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Reference the length of your relationship or any recent results from your work. Yes, I thought the meeting went exceptionally well too! Do the math a few different ways and see how these numbers play out. for year three.

article thumbnail

Now is the Best Time to Raise Your Billing Rate

Successful Independent Consulting

Do some market-rate benchmarking to learn what other consultants are charging, or what clients are paying. Reference the length of your relationship or any recent results from your work. Do the math a few different ways and see how these numbers play out. In my example of $150 hourly, a 5% annual increase works out to $157.50

Policies 195
article thumbnail

Is Stress Killing Productivity? Here's How Leaders Improve Efficiency & Wellbeing

Organizational Talent Consulting

For example, someone on your team who is feeling down enters a meeting. Take the following six-question survey to determine and benchmark your likelihood of experiencing gratitude. References: Adecco. Also, we are more connected to each other than we may recognize, and stress is an emotional contagion. The Adecco Group.

article thumbnail

5 Levers for Creating a Culture of Accountability

Organizational Talent Consulting

A recent CEO benchmarking report found that nearly one in five CEOs surveyed identified holding others accountable as their greatest weakness and almost as many struggled with letting go of underperformers. References Connors, R., It doesn't just happen. Why employee accountability matters. Smith, T., & & Hickman, C.

Culture 59