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Ten Factors to Consider Before Jumping into Independent Consulting

Successful Independent Consulting

Money management · Cash flow – This is probably the hardest part about being self-employed, especially if you are going to work with large companies. This means that if you work 100 hours in January and bill for it on January 31st, you probably won’t see any cash until the middle of March. Do you have the cash to make ends meet?

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Should Consultants Charge an Upfront Fee or Charge at the End of a Project?

Steve Shu Consulting

There are many other examples that I could come up with. However, consulting firms have cash flow considerations to make. I have a bad taste in my mouth after that whole experience, especially since the CEO got a parachute whereas suppliers and trench workers comparatively did not. Things can happen that slow things up.

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Start taking advantage of these 5 trends for small business in 2023

Asamby Consulting

Cash flow, cash flow, cash flow The economic climate is still unstable. In this economic climate, it remains critical for small business to stay on top of their cash flow. If you can balance these two things, for example in your lead generation, you will be having a great year.

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

For example, a marketing agency can use Project Management software to track the progress of various campaigns, ensuring timely delivery and optimal resource allocation. With streamlined billing, the firm experienced faster payment cycles, significantly improving its cash flow and financial stability.

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Thoughts on Blockchain & Crypto

CaseInterview.com

For example, Facebook’s code resides on Facebook servers in a centralized cloud that either Facebook owns or controls. Cryptocurrencies don’t produce a monthly cash flow like, say, renting out a home or building full of apartments (or flats). So, it’s not inherently a cash-flow-producing type of asset.

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The cost of hiring a consultant for small business in 2023

Asamby Consulting

What can you afford: Cash Flow Cashflow is king for small business. So first, you must check what size of investment your cash flow can accommodate. Don't use more than 25% of your free cash flow for a consulting project to leave enough room for other growth related investments. Your ROI would be 100%.

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Honing and Highlighting the Consulting Skillset

Tom Spencer

While we already do solve problems — big and small — in our everyday lives, you need to be sure to highlight targeted and specific examples on your CV. That is, demonstrate these skills with specific examples and action verbs instead of stating “I am a good problem solver”.