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Surviving in a Procyclical Industry

Tom Spencer

Management consulting is a service industry that earns its keep by serving large organisations – corporate, non-profit and government. During economic downturns these prospective clients typically have less money, or more uncertain cash flows, and so are less likely to spend money on consulting services.

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7 Critical Success Factors for Project Based Firms to Consider in 2024

Progressus

Many pro services firms still use fragmented systems or analog methods like spreadsheets to manage projects. It prevents you from generating reliable cash-flow forecasts and makes it incredibly difficult to manage resources. Are compliance/governance rules working? Can everyone access the information they need?

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