Consulting fees and pricing can be structured in several ways. But like in most businesses offering services, the number one challenge is pricing their offers.  Pricing products is easier than pricing services because, with products, you can easily trace the production costs. However, with services, determining the value of what constitutes your services — time,…

If your company hasn’t grown to a fully-fledged corporation yet, you’re probably terrified (if not disgusted) from all the enterprise lingo – workflows, procedures, contingency plans, risk management (to name a few). But scaling an organization is impossible without the implementation of business process management (BPM) practices in-house.  NASA tanked $327.6M through its Mars Climate…

Email is still the go-to communication protocol that I prefer over everything else. Meetings and calls are necessary every now and then, but communicating with vendors, partners, peers, PR, and media editors is a lot easier asynchronously, plus the added benefit of managing notifications or work reports within the email inbox. We have signed at…

There are several reasons why large corporations, small businesses, or even a solopreneur would hire a business consultant.  Hiring a business consultant can be very expensive, but highly rewarding. Consultants provide invaluable services that include the following:  Providing expert advisory, mentoring and assistance in a specific market Assessing risks and identifying problems Providing leadership or…

Are you aspiring to become an entrepreneur and run your own business someday? If so, what have you been doing to prepare for the challenges that come with running a business and the skills required to be a successful entrepreneur? The recent recession has accelerated the professional growth for many who now lack the opportunity…

In today’s world where artificial intelligence is penetrating most industries and robots are replacing human-driven jobs, creativity is one of the most sought after skills. It’s more crucial than ever that the humankind employs more creative skills to leverage their dominance over the machines. And yes, I know it sounds like a cliche, but as…

The last recession has put almost all businesses to the test. Some were hit really hard — especially the hospitality and travel industries, along with brick and mortars. A few made some decent profit – pharmacy, home delivery services. But everyone else was partially hit or still struggles to make a living in these uncertain…

Gaining experience is not a solo adventure, and learning from the best is a shortcut that many people underuse. For business owners and executives who are wise enough to seek help, they work with and learn from a reliable business consultant. Those who are much wiser take hints from how consultants work and what business…

Have you developed a mission statement for your company? What about a vision statement? Small businesses aren’t bothered by the bigger picture of their “corporate brand”. This tends to be a common problem for growing corporations – or hot startups in need of a powerful motto able to persuade investors. In reality, mission and vision…

Whether you want to launch your product business or diversify with a product MVP aligned with your service-driven company, you need a methodical approach that gets you closer to success. Building a product can be an extensive exercise consuming both time and capital. But with the right type of due diligence, this could be a…