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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. I’d avoid collecting money entirely (i.e., 100%) on the backend except for the shortest and smallest engagements.

Cash Flow 195
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LIVE: How to Make Your Workplace More Inclusive & Accessible

Strategic Planning and Management Insights

times higher cash flow per employee. An inclusive workplace can improve the wellbeing of your employees, boost moral, and increase productivity. 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.

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Understanding the Anatomy of Startup Failures

Business Consulting Agency

Impact : A product or service without market demand leads to low sales, hindering revenue generation. Impact : Financial instability, cash flow issues, and inability to sustain operations lead to business failure. Impact : Dysfunctional teams or leadership issues hinder productivity, innovation, and company culture.

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Thoughts on Blockchain & Crypto

CaseInterview.com

A company has a product or service that solves a customer’s problem. Customer buys product or service from company. Whether the product is the iPhone, a delicious ice cream cone, or a million-dollar piece of enterprise software, this makes sense to me. Crypto is not a product. The customer hates their problem.

Cash Flow 111
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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

Utilization goals must strike a balance between short-term revenue targets and long-term considerations to avoid burnout or underutilization, which can lead to cash flow issues. Compliant with accounting standards, this metric ensures financial stability and informs cash flow management.

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Boosting Business Profitability

Business Consulting Agency

This includes scrutinizing income statements, balance sheets, and cash flow statements. These plans prioritize revenue growth, cost reduction, and cash flow optimization, leading to increased profitability. This includes product positioning, pricing strategies, and market entry plans.

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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

Increased Productivity: Streamlines project workflows, reducing time wasted on administrative tasks. Streamlining Billing Processes and Improving Cash Flow for Consulting Firms Problem: A consulting firm faced challenges with delayed billing and collections, leading to cash flow issues.