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…

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…

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…

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…

From the time we wake up, until the time we sleep, we’re surrounded by people. Whether you’re an extrovert or an introvert, whether you like it or not, you have to interact with people. That’s when soft skills come into the picture. Soft skills are personal attributes that enable a person to interact effectively with…

Critical thinking is a powerful skill that’s applicable in both daily life and running a business. However, managers and executives are in charge of large budgets and diverse teams. Irresponsible business decisions and ignoring risk management can harm a group of people and their families, in addition to other areas of business (partners and vendors).…

As 95% of our development business revolves around WordPress retainers, the topic of ongoing updates and recurring contracts comes up during every presales call. Working with clients who switch agencies is easier (as they already understand the benefits of a technical partnership), but site rebuilds are often a challenge in that department. And the most…