What Is the Best Language or Framework For Building a SaaS Application?

I’ve seen successful SaaS applications online built on every single web programming language that I’ve ever heard of. Some of the more extreme ones specializing in certain fields do include Haskell, Erlang, Go, Dark, and others for certain applications behind the scenes. A subscription-based business can leverage a SaaS framework or proceed with a custom build, depending on the business needs and the long-term goals for scaling the solution forward. Here are the 4 main considerations when selecting a language for your SaaS. 1. What Are the Business and Technical Requirements? All programming languages and frameworks are tailored to solving… Continue Reading

15 Types of Small Business Advisors

Management consulting is a $329-billion industry and it continues to grow with small and medium-sized businesses increasingly seeking diverse expertise to navigate the challenges of scaling in the ever-evolving business landscape. But while the Fortune 500s can afford to splurge tens of millions of dollars for contracts assigned to Deloitte, KPMG, Accenture and the other market leaders, SMEs still need strategic guidance and support in the face of a business advisor. If you want to address the most pressing business challenges in 2024, here's a list of the most relevant types of business advisors to consult in times of need.… Continue Reading

How Much Does a Business Consultant Cost: Consulting Fees and Pricing Structure

Consulting fees and pricing can be structured in several ways. But like most businesses offering services, the number one challenge is pricing their offers. Having closed my first consulting contract back in 2008 before launching several 7-figure businesses (along my business advisory), I've consulted over 400 clients and worked with 50+ consultants across the portfolio of companies I manage with my agency and within my investment companies. 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, staff, expertise  —… Continue Reading

11 Questions to Ask a Business Consultant

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 support to existing staff Planning on new initiatives Providing objectivity in decision-making Training employees Refining the organizational model Developing a feasible business plan Networking with potential clients and influencers It’s easy to find a business consultant. There are more than 600,000 management consultants in the… Continue Reading

The Ultimate Guide to Hiring a Consultant for Business Growth

Consultants “can” be instrumental to a business. But since consultancy is broadly irregulated, everyone can update their LinkedIn headline and start a consulting career out of nowhere. There are lots of people who try to offer consulting without really knowing what they consult on. Navigating through the consulting landscape is extremely challenging without a reliable reference or enough budget for a top industry peer and hiring a random person on the Internet to help your business is just as reliable as hiring a freelancer or finding a plumber through Yellow Pages. The Importance of Business Consulting Business consulting is so… Continue Reading

8 Reasons Why Setting Up a Meeting Is a Must

Most business meetings "should" have been an email.  If the company is large and has more stakeholders, the slower and heavier the processes become. This eventually leads to more meetings with less work being done.  A 2012 study shows that companies that held unproductive meetings lost an average of $250,000 annually. The study's findings suggest that companies can improve their bottom line by improving the quality of their meetings. This includes clearly defining the purpose of the meeting, setting an agenda, and ensuring that everyone has a chance to participate. Companies should also be aware of the signs of dysfunctional meeting… Continue Reading

8 Specific Tips to Work Around Business Meetings

Time is money. Time lost means money lost. Time wasted means money wasted.  One of the leading causes behind businesses losing and wasting a lot of time and money is the amount of time they spend in business meetings. Middle managers typically spend 35% of their time in meetings while those who belong to the upper management spend 50% of their time. Employees, in general, spend up to 6 hours every week just to prepare for status update meetings. According to Bain and Company, 15% of the collective time of an organization is spent in business meetings and this has… Continue Reading

Why Clients Shouldn’t Ask for Discounts and How Companies Should Handle Negotiations

Haggling for a lower price is so common that it could even get very challenging to tell the truth from the usual bargain. However, it should rarely be the problem of the salesman, business owner, or entrepreneur. Most of the time, it is the prospect’s problem. In this article, we are going to discuss the reasons why you should not ask for discounts as a customer and how you should handle price negotiations as a company. The graph above by HubSpot shows that there is a dramatic disconnect between the needs of the customers and what most sales reps tend… Continue Reading

Is Business Process Outsourcing Growing in 2023?

Is business process outsourcing (BPO) growing in 2023?  I'm not going to fool you or mislead you. BPO is still going to grow and is still going to expand in 2023 for multiple reasons, even though remote working is now more popular than ever.  This Market Analysis Report shows that the business process outsourcing (BPO) market stood at a staggering USD 261.9 billion. Forecasts suggest a 9.4% CAGR from 2023 to 2030. BPO services are gaining traction, not just for their cost-effectiveness but for the agility they introduce. The tech trends, especially cloud computing and Artificial Intelligence (AI), are at… Continue Reading

7 Phases of Running A Freelance Business

Freelancing is a decent alternative if you’re a self-driven person who is a fast learner. Some people are well-organized, can use Google (or Stack Overflow, or other resources) quickly, read fast, and are not afraid of experimenting. With the right attitude through freelancing, you may improve your technical and business skills that you will need to start a freelance business. The caveat is in finding the right process for handling activities. Growing your freelance business often revolves around marketing and sales, negotiations, project planning, documentation, delivery milestones, financial management, and even legal cases. If you’re not passionate about any of… Continue Reading