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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Factors that Impact Your Base Rate The 2x-3x estimate will give you a rough idea, but tweak your numbers up or down based on the following factors: Pedigree: Did you learn your craft at a consulting firm with formal training, such as Deloitte or Bain & Company? I was happy, and the client believed they were getting a fair price.

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How to Figure Out Your Consulting Bill Rate

Successful Independent Consulting

Was it at a big firm with formal training (for example Deloitte, Bain & Company) or did you learn on the job as an internal resource with a company? If the latter, was it a company that provided access to training like General Electric, or a small to midsize firm? Type of experience — Where did you learn your craft?

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How Future-Proof Are Your Leadership Skills?

Organizational Talent Consulting

But too few businesses and leaders stop to consider the possibility of becoming irrelevant. If you believe that training is expensive, it is because you do not know what ignorance costs." Here is how: Team Performance: Several research studies have investigated the connection between the leader and business performance.

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How Companies Are Benefiting from “Lite” Artificial Intelligence

Harvard Business

These include improving data-mining operations, helping with training, and making structured, repeatable tasks and processes far more efficient and less costly. But companies and government agencies are starting to find plenty of places where knowledge-based tools can make a huge difference. Don’t make your AI too lite.

Company 28
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The Mindset That Wins Consulting Work With Fortune 500 Companies with Mindy Millward: Podcast #24

Consulting Success

We have a few clients, one in particular that the selling cycle was four years, and that’s a lifetime in a small business and to a consultancy to think that, “I’m talking to this potential client for a period of four years off and on and still haven’t sold them one day of work.” Click To Tweet.

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The Outside-In Approach to Customer Service - SPONSOR CONTENT FROM HBS EXECUTIVE EDUCATION

Harvard Business

Best Buy responded by reengineering the design of its stores and training some of its staff to be generalists who could help women traverse their stores. The company applied the same concerted effort toward serving other valuable customer segments it had discovered, including small business owners and music aficionados.