Successful Independent Consulting

DECEMBER 19, 2019

Basically, AB5 requires all gig workers, freelancers, independent consultants, and other solopreneurs to be legitimate businesses because the client companies who hire you must be able to prove that you are indeed a business. For example, if you work out of your home in San Francisco you would need a San Francisco business license.

Small Business 221

Small Business Government Examples Video 221

Tom Spencer

FEBRUARY 1, 2020

When people think of consultants, they tend to visualize professionally suited employees, degrees from the best schools, high pay-checks and fancy travel stories. Consulting though has many aspects – it’s not just about smooth talking. What are the different types of consultants? What value do consultants provide?

Consulting 135

Consulting Operations Financial Real Estate 135

Successful Independent Consulting

SEPTEMBER 16, 2017

It takes practice to quote your consulting billing rate with confidence. Talk with other consultants, do a web search on typical management consulting rates in your city or state, and/or try converting your employee salary to an hourly rate. Is there already a consulting firm involved that you’ll be working with?

Consulting 236

Consulting Real Estate Policies Operations 236

The Consultants Peer Group

FEBRUARY 23, 2023

Lions, tigers, consultants, Oh my. The negative press continues about consulting and I, for one, am embarrassed. I can only surmise that some of the founders of what are now large consulting firms would also be embarrassed and maybe even angry: Bill Bain, of Bain & Co. Marvin Bower and James McKinsey, McKinsey & Co.

Consulting 52

Consulting Ethics Boston Consulting Group Healthcare 52

Jacq Hackett Consulting

SEPTEMBER 27, 2017

As a consultant, your working life now revolves around projects and one of your key roles is project manager. You need to become very good at this because poor project management skills will mean your consulting career is very short lived. Include a basic project plan in your consultancy proposal. Here’s what to cover.

Strategy 120

Strategy Strategy Strategy& Management 120

Successful Independent Consulting

MAY 31, 2018

How can other self-employed consultants become wealthy too? Reflecting on my years as an independent consultant, I’ve boiled it down to five keys to success. Five Steps to Becoming a Millionaire Consultant 1. Subcontractors to an agency or consulting firm are usually paid about 65% of what they are worth. But I digress.)

Consulting 150

Consulting Cash Flow Banking Knowledge Base 150

Tom Spencer

OCTOBER 22, 2021

With the tight professional services market in the US, everyone I know in consulting has talked about how they know people who jumped consulting firms (this does not count those who changed firms after attending graduate school). Restructuring workload expectations and life planning around it is often noted as a major life stressor.

Construction 88

Construction Financial Culture Consulting 88

Tom Spencer

MAY 2, 2020

During the recruiting process, it was interesting to hear consultants talk about how much of their job is about conducting learning activities. The learning landscape among larger consulting organizations. I think it is important to put in context how learning is generally managed among larger consulting organizations.

Consulting 68

Consulting Operations Recruiting Recruitment 68

Tom Spencer

APRIL 18, 2021

In nearly every consulting firm, sooner or later you’ll have to prioritize a specialty to formally begin establishing a focus area for your consulting career. Every consulting firm does their specialty assignments a little differently. Others have their consultants specialize after some time as generalists.

Consulting 97

Consulting Industry Leadership Recruiting 97

Tom Spencer

MAY 20, 2022

If you are in college, you may want to transfer to a different college or switch majors, but you have to consider the expense of time and money that constrain your decision. For me it was seeing individuals with PhDs go into consulting, although I didn’t know any of them personally. Searching for opportunities. Planning your exit.

Resumes 88

Resumes Energy Case Interview Chemicals 88

Tom Spencer

FEBRUARY 19, 2022

As most of us spend the majority of our time working, it’s important to consider where that time is spent, how to manage your tasks and energy, and how to ultimately find fulfilment. For consultants, the average work day will consume the majority of that time, around 10-12 hours. Know where you spend your time.

Energy 154

Energy Management Meeting Exercises 154

CaseInterview.com

MARCH 21, 2019

I recently received an email from a reader about being rejected by Boston Consulting Group and how he could have better answered the case interview question he was given to help him practice for his next interview with Bain. When something doesn't fit exactly, you have to consider what does fit. and, "What data is needed to support it?".

Boston Consulting Group 45

Boston Consulting Group Interviews Groups Examples 45

Tom Spencer

APRIL 18, 2021

When in college you have to pick a major, which is the first step to focusing your career. When choosing classes, the first two years you get to explore different topics within that major and in your last 2-3 years you are focusing on classes that interest you and preparing for your first job. Consulting. Making the decision.

Consulting 97

Consulting Sports Resumes Case Interview 97

Jacq Hackett Consulting

SEPTEMBER 27, 2017

As a consultant, your working life now revolves around projects and one of your key roles is project manager. You need to become very good at this because poor project management skills will mean your consulting career is very short lived. Include a basic project plan in your consultancy proposal. Here’s what to cover.

Strategy 120

Strategy Strategy Strategy& Management 120

Successful Independent Consulting

OCTOBER 5, 2017

Perhaps the hardest thing for an independent consultant is not knowing where your next project is coming from, or when. This article summarizes the pros and cons of these options, gives you questions for starting your research, and introduces you to some of the better-known consulting agencies.

Consulting 150

Consulting Talent Insurance Insurance 150

Tom Spencer

DECEMBER 5, 2020

Market sizing is the test of a consultant’s mettle. When a consultant meets with the CEO of a major airline to discuss growth strategy, for example, they may need to do a market sizing to get a grasp of how big the broader market is. Like all interview questions or tasks in consultancy, ask questions at the start.

Case Interview 88

Case Interview Interviews Marketing Examples 88

Consulting Matters

OCTOBER 30, 2020

Bosses, colleagues and friends all questioned the wisdom of quitting his high-paying job and steady paycheck for the unknowns of starting his own consulting business. After over 15 years of consistent and growing consulting success - they now understand exactly why he did it. What happened to you? In fact I'm really not having fun.

Consulting 296

Consulting Insurance Insurance Methodologies 296

Successful Independent Consulting

OCTOBER 22, 2017

Independent consultants face the constant challenge of finding their next project. My last article discussed working with consulting agencies to supplement your business development efforts. I roll my eyes at the last phrase because good consultants can do this on their own.) Photo ID 40184079 © Ratz Attila.

Talent 150

Talent Finance Consulting Development 150

Tom Spencer

SEPTEMBER 24, 2021

‘Technological innovation’ has recently become an ossified catch-all term not only in venture capital circles, but in management consultancy as well. Such issues gain increasing relevance in a consulting career, if one decides to take projects with start-ups. Turning Innovation into a Market Reality. Start-up in the Plastics Industry.

Consulting 97

Consulting Chemicals Industry Strategy 97

Asamby Consulting

DECEMBER 14, 2022

Time to bring in a consultant. But what does a consultant for small business cost? What is a consultant for small business A consultant for small business helps smaller organizations achieve their goals. The clients these consultants work with are no larger than 250 employees, typically between 15 and 100 employees.

Small Business 52

Small Business Cash Flow Consulting ROI 52

Management Consulted

OCTOBER 30, 2016

As consulting has become more popular (frantically so), we are getting increasing numbers of emails from undergrads – and even high schoolers – begging the question – if you want to break into consulting, what should you major in – and what majors are deal-breakers? The problem with Econ majors?

Consulting 100

Consulting Engineering Finance Case Interview 100

Tom Spencer

JULY 15, 2022

This article outlines the differences in time commitments for graduate students versus full-time consultants. It also offers a way to prepare yourself for the transition to consulting by providing you with some suggestions on how to implement a consultant-like scheduling method. Time Commitments in Consulting.

Consulting 88

Consulting Engineering Study Efficiency 88

The Management Centre

DECEMBER 3, 2023

However, as much as we know delegation is a good thing – we still struggle to do it well. Can Maggie employ an external consultant to work with her on the implementation plan without asking for permission? Example “Max, we need to improve the supply chain for food parcels reaching the refugee camp. Can he move the deadline?

Management 52

Management How To Examples Report 52

Jacq Hackett Consulting

OCTOBER 5, 2017

If your small business is a consultancy practice, then you’ll very likely be working in a project-based environment – pitching for and conducting short-medium term projects. Managing project scope is one of those tricky issues that tends to keep consultants up at night. This is normal, and there are often good reasons to change tack.

Course 136

Course Consulting Healthcare Examples 136

Tom Spencer

OCTOBER 16, 2021

Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Keeping an eye on developments in green finance may turn out to be handy for any business consultant.

Financial 88

Financial Insurance Insurance Finance 88

Management Consulted

JULY 22, 2013

In our last post, we discussed 5 major differences between 2 prominent types of consulting. From the variety of work and access to C-level executives to the wide array of exit opportunities, strategy operations consulting far surpassed financial advisory consulting as our recommended career to pursue. Missed part one?

Financial 194

Financial Consulting Strategy Strategy 194

Clarity Consultants

OCTOBER 3, 2021

Good Crisis Management Is Purposeful and Proactive: Companies with Robust Technology Strategies Were Better Prepared. For example, staggering login times put less of a strain on network resources, allowing operations to remain consistent until capacity increases made such emergency measures unnecessary. In the end, companies adapted.

Financial 104

Financial Industry Management Guidelines 104

Management Consulted

APRIL 2, 2017

We’re continuing our Top 10 Consulting Firms series this week by focusing our expert eye on the Middle East. Ask any consultant about the Middle East, and Booz (now Strategy&) will be the first name on their lips! Currently, Strategy& does major public (read: government) consulting work outside the U.S.

Oliver Wyman 160

Oliver Wyman Consulting Deloitte Real Estate 160

Makarios Consulting

JUNE 28, 2023

On the one hand, as individuals, they wanted to retain ownership of the business and be involved in major decisions. For example, failing to adapt to industry trends could have caused the business to lose significant market share. Pivoting in business is a difficult decision for leaders.

Leadership 78

Leadership Culture Trends Energy 78

The Management Centre

JULY 28, 2023

For example: Create a database, write a report on something, train people to… etc. For example: In order to have all critical information available in one easy to access place; in order to better understand how the technology will enable our work; in order to ensure our people feel confident talking about our research.

Training 98

Training Training System Management 98

PM Alliance

JANUARY 20, 2023

Even those with assigned desks may have less personal attachment to them, since the majority of their job duties are carried out remotely. Savvy groups are increasingly turning to their partner network for tasks that are no longer a good fit for end users.

Real Estate 74

Real Estate Resources Groups Management 74

Tom Spencer

FEBRUARY 11, 2022

A major specialisation of the tax departments of all four of these special services firms is transfer pricing, making it worthy of a closer look if you are considering entering this field. Tax advisory is primarily the province of the Big Four: Deloitte, PwC, EY and KPMG.

Intellectual Property 88

Intellectual Property Deloitte Benchmarking Marketing 88

Jerry Fletcher

MARCH 27, 2021

For the majority of consultants who are solopreneurs the only chance they have is when they are comfortably esconced in bed with that special person. The loner brain dump This occurs when an expert consultant happens to be a solo in her/his practice, home life and social life. You overlook confidentiality because it feels good.

Marketing 75

Marketing Consulting Ethics Case Interview 75

Tom Spencer

OCTOBER 31, 2020

No one enjoys being turned down, especially in the case of a consulting role where a lot of preparation is required. Fortunately, a top management consulting firm is not the end all and be all. There are many successful people in the world of business that were rejected by consulting firms and went on to achieve great feats.

Case Interview 88

Case Interview Consulting Interviews How To 88

PM Alliance

JULY 11, 2022

Transitioning a task from one owner to the next can be a major tripping point for project teams. When user testing on a new software feature is complete, for example, tasks to fix bugs will be handed off within the development team. Lack of follow up with the new task owner to confirm they have everything they need.

Methodologies 87

Methodologies Groups Training Training 87

Successful Independent Consulting

MARCH 4, 2017

Tax season is probably the most important time for independent consultants to think like business owners. Sole proprietors qualify for deductions too, even if you only consult part time. This especially means being smart about how we handle our money. This article touches on the first and explores the second in depth.

Insurance 207

Insurance Insurance Banking Small Business 207

Tom Spencer

JUNE 13, 2021

Consultants in the rainbow nation have continued to operate efficiently and effectively during the Covid pandemic. The chaos has changed the way the consulting process is carried out but the end goal of providing reliable solutions to clients has remained the same. The consulting industry is surviving during these uncertain times.

Consulting 68

Consulting Industry Operations Trends 68