Tag: business advisor

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

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, staff, expertise  — is highly subjective.  This is why different consultants employ different techniques to ensure they price their services appropriately. In the process, consultants consider every factor necessary to ensure they do not overcharge or undercharge. Otherwise, the risk of losing clients over pricing… Continue Reading
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18 Ways to Receive Maximum Value From Consulting and Mentoring Sessions

There are so many different situations where you may have a chance to receive valuable information from top consultants and mentors all over the world. This may be your usual consultant that you hired on retainer, a speaker that you met at a conference, or a mentor you applied to over the internet. In all cases, what I've gathered over time is that lots of people are not prepared to receive the right piece of advice all the time, not ready to execute on it, or generally not maximizing the value they get from certain sessions.  This is why after… Continue Reading
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Top 10 Business Advisor Skills Your Company Can Benefit From

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, work with and learn from a reliable business consultant. Those who are much wiser take hints from how consultants work and what business advisor skills make them highly valuable to a company so they can benefit from adopting such skills. Key Reasons to Hire Advisors Employing external help can be a valuable experience for any organization. Advisors and consultants work with a portfolio of clients, manage multiple companies, and/or… Continue Reading
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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
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12 Key Differences Between Coaching and Consulting I Didn’t Expect

The past 20 years have uncovered a myriad of professions or titles that are loosely defined, or not immediately related to a clear connotation. A great example of this is depicted by one of my most popular posts which is about non-programmers called "developers" and the different technical titles. It made it to HackerNews years ago, and still shuffles around Twitter feeds I get looped into (including this morning). The difference between coaching and consulting has caused confusion among those who want to offer business coaching and consulting services. No matter if you’re a client looking for consulting or coaching… Continue Reading
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5 Business Predictions for 2023 Following the Downward Spiral in Tech

In 2022, one share of Meta Platforms Inc, the parent company of Facebook, Instagram, and WhatsApp, was traded at $378. Less than two months in, the technological juggernaut collapsed to under $89 a share — reaching the trading levels of 2015. But, Meta is not alone. The Nasdaq 100 took a 38% hit from its peak. Layoffs have followed suit across the titans of technology — with tens of thousands of employees losing jobs across Meta, Amazon, Microsoft, and Twitter alone. Heading into 2023, the future is tumultuous. What geoeconomic changes are about to resurface in the new year? Dive… Continue Reading
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How to Grow Your Business With Thought Leadership Content

The richest people in the world run companies: Jeff Bezos, Bill Gates, Warren Buffett, Mark Zuckerberg—you don’t need a hint to associate their names with their corresponding companies. These are just some of the most successful business leaders of the biggest companies in the world. Microsoft and Amazon both employ over 100,000 people. The impact, the manpower, and the production capabilities of the equivalent of a small town cannot be compared to the opportunities a single person can bring to the table. Do you know what else these CEOs have in common? They are also among the most popular thought… Continue Reading