article thumbnail

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

Steve Shu Consulting

Here’s one anecdotal story: I once managed a business advisory practice as part of a large, international and diversified products and services firm. However, consulting firms have cash flow considerations to make. This is an answer to a question I was posed on Quora. I’d avoid collecting money entirely (i.e.,

Cash Flow 195
article thumbnail

Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

However, managing them effectively can be challenging, given the intricacies of resource management, project performance, and diverse financial elements such as billing models, regulations, and currencies. People often generate nearly 80% of the industry’s revenue, making efficient resource management critical.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Empowering Small Business Growth Through Consulting

Business Consulting Agency

Financial Management and Analysis Financial management is a cornerstone of small business success. Consultants assist in financial analysis, budgeting, cash flow management, and identifying areas for cost optimization and revenue enhancement.

article thumbnail

Understanding the Anatomy of Startup Failures

Business Consulting Agency

Impact : Financial instability, cash flow issues, and inability to sustain operations lead to business failure. Financial Planning and Management : Consulting Services’ Assistance : Consultants provide financial guidance, assisting in budgeting, forecasting, and resource allocation.

article thumbnail

Benefits of Small Business Consulting

Business Consulting Agency

Financial Management and Optimization Consultants with financial expertise provide small businesses with valuable insights into budgeting, cash flow management, financial forecasting, and cost optimization.

article thumbnail

LIVE: How to Make Your Workplace More Inclusive & Accessible

Strategic Planning and Management Insights

times higher cash flow per employee. In a 2015 study, Deloitte reported that diverse companies earned 2.3 And while diversity may just be a measure of success, inclusion is the ultimate goal. An inclusive workplace can improve the wellbeing of your employees, boost moral, and increase productivity.

article thumbnail

Leadership Tip #13: For Innovation, Remove at Least One Policy or Procedure a Week

Johanna Rothman

Some managers wanted to prevent Bad Things from happening in the organization, so they added policies or procedures. Now, these same managers want business agility. Worse, sometimes, managers add more policies and procedures. I saw that in an organization that had management signoff for changes the technical people made.

Policies 130