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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? Other tips: Benchmark your rate to increase your confidence.

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Evaluating ROI on Your Company’s Learning and Development Initiatives

Harvard Business

Leaders can use an approach called balanced benchmarking, borrowed from operations management, to conduct a needs assessment and apply training where it can be most effective. The author explains how this approach was applied at a firm in the legal services industry and offers five strategies for implementation.

ROI 77
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Is Your Staff Cross-Trained?

Peter Stark

With the pandemic, it brought out a need more than ever for employees to be cross trained with employees working in remote, in office, in quarantine, or out sick. Organizations in Peter Barron Stark Companies’ Best of the Best Benchmark are consistently rated higher in the competencies of cross-departmental teamwork.

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Understanding ISO 20700: Elevating Your Management Consultancy

Effective Managers

It’s about setting a global benchmark for how consulting services should be offered and delivered. When consultants are trained and operate according to these guidelines, they send a clear message to potential clients: “We are committed to the highest standards of professional conduct and service delivery.”

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Enhancing Consultancy Services with ISO 20700 Guidelines

Effective Managers

This global benchmark is particularly crucial in an increasingly interconnected world where clients expect consistency and excellence regardless of geographical boundaries. Adhering to these guidelines means consultants are committed to operating with integrity and professionalism.

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How to Understand Key Metrics in a New Industry

Tom Spencer

To help me understand these new numbers I use analogies based on my initial training to help me understand a new industry. They have an operating budget based on the amount of their grant. When tracking a metric use appropriate benchmarks to assess performance, identify progress, and make necessary adjustments.

Metrics 88
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Local US Business Expertise Drives Success for Foreign Companies

Business Consulting Agency

Market Research and Competitive Analysis Insights US business consultants provide market research and competitive analysis insights, enabling foreign companies to assess market trends, identify strategic opportunities, and analyze competitive benchmarks to maximize market share and drive sustained business growth within the dynamic US marketplace.

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