article thumbnail

Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Sure, it sounds fabulous – be selective about which jobs you take, have a flexible schedule, escape office politics, make really good money – but it definitely has some drawbacks. Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies.

Cash Flow 370
article thumbnail

Is It Time to Consider a Fixed Fee for Your Consulting Services?

Successful Independent Consulting

Is there a definitive deliverable? It’s also easier to bill in installments, including a down payment, so you can get cash flowing sooner. Do not quote a fixed fee when you’re a member of a larger team or if technology changes are involved — you can’t control the timing or final outcome.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Honing and Highlighting the Consulting Skillset

Tom Spencer

For instance, if you are applying for a role in the financial sector it would be great if you can highlight occasions where you constructed discounted cash flow models as part of a project, or automated workflows using VBA. Highlight what your role was, and how you worked with and contributed to the team.

article thumbnail

Management Consulting

CaseInterview.com

It’s not easy to come up with a simple definition of what we do. Let’s say a company is looking to relocate to a new market. They may hire a consultant to advise on ideas for gaining market share. They may hire a consultant to advise on ideas for gaining market share.

article thumbnail

Taking Greater Risks to Enjoy Greater Rewards with David Baker: Podcast #14

Consulting Success

Description: David Baker is a consultant who has been working with marketing firms and advertising agencies since the late 1980s. With over three decades of experience under his belt, he is definitely a consulting and business expert, and you won’t want to miss the insights he shares on this on this episode of the Consulting Success Podcast.

article thumbnail

Setting Up a Foundation for Consulting Success

Successful Independent Consulting

I know this sounds like a pain but you definitely want to avoid paying late fees. Avoid a full-time or long-term lease so you can keep your expenses as low as possible, especially in the beginning when cash flow will be tighter. Determine your marketing and positioning (how you “go to market”). More info below.)

article thumbnail

The Case for Stock Buybacks

Harvard Business

This highlights a logical error in the UK Government’s quote above: “surplus capital” is, by definition, capital left over after all productive investments have been made. A comprehensive survey of financial executives concluded that “repurchases are made out of the residual cash flow after investment spending.”