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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Use these sites even if you just left your corporate job because it’s possible your cost-of-living increases didn’t keep up with the market price for your expertise. Solopreneurs who come from “name” firms like PwC or McKinsey can charge more than those who come from industry. Next, divide by 2,000.

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Reach Business Success with Consultants

Business Consulting Agency

Industry Expertise and Best Practices Consultants bring specialized industry knowledge, insights into market trends, and best practices that clients can leverage for competitive advantage. According to McKinsey, operational improvements can lead to cost savings of 10% to 30% for businesses.

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Benefits of Business Consulting Services

Business Consulting Agency

McKinsey & Company reported that companies that invest in organizational effectiveness through consulting services experience a 28% increase in operational efficiency. Market Expansion and Global Reach Expanding into new markets or navigating international business landscapes can be daunting.

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The 6 Most Common Change Management Mistakes

LSA Global

The Most Common Change Management Mistakes Can Be Avoided. Our organizational alignment research found that the highest performing businesses have leaders and employees who are highly responsive to making the changes required to stay competitive in their marketplace. The 6 Most Common Change Management Mistakes.

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How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

You need to consider the real and perceived value of your services, expertise, and experience, as well as geography and market conditions. Independent consultants who come from “name” consulting firms like Accenture or McKinsey often charge more than consultants who come from industry. Client’s industry — Who is your target market?

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Harnessing Expertise and Igniting Growth

Business Consulting Agency

Their deep understanding of market trends, best practices, and emerging technologies empowers businesses to make informed decisions that drive innovation and competitive differentiation. Their insights into market dynamics and competitive landscapes inform effective strategies that drive growth.

ROI 52
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Consultant, Contractor, Freelancer - Labels Matter!

Successful Independent Consulting

Explicitly marketing yourself with the term “professional independent consultant” can increase the price you can command, and it can help you to be paid on a 1099 tax basis rather than on a W-2 basis. Friends don’t let friends W-2! By contrast, professional independent consultants operate as microbusinesses.