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

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

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 marketAssessing risks and identifying problemsProviding leadership or support to existing staffPlanning on new initiativesProviding objectivity in decision-makingTraining employeesRefining the organizational modelDeveloping a feasible business planNetworking with potential clients and influencers It’s easy to find a business consultant. There are more than 600,000 management consultants in the United States alone. Here are some of the… Continue Reading

12 Types of Small Business Advisors

Management consulting is a $250 billion industry and growing businesses employ a diverse number of advisors for their business ventures. Running a business solo (or even with a co-founder) is not an easy feat. Executives and senior managers cannot realistically excel in every aspect of scaling a business. Small business advisors work with multiple clients at a time by supporting the business goals, providing industry insights, and tapping into their own expertise in running (or coaching) other companies over the years. If you're looking to solve some of the most common business challenges, I've prepared a list with the most… 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

Why And How Hybrid Marketing Can Work For Businesses

Hybrid marketing, which refers to the hybrid between the styles of digital and traditional marketing campaigns, continues to become popular. Some of the best examples of hybrid marketing that can be found show the refreshing potential that this combo can offer to businesses. In the current business landscape, it is almost without doubt that digital marketing is reaping in customers and profits for any adept enterprise. However, traditional marketing is still far away from its demise, and in fact, still has a sturdy advantage on some marketing fronts—and this is something professionals have yet to let go of. Why Consider… Continue Reading

How Digital Consultants Bring Value to SMEs

Consultancy.uk reports a total value of $250 billion in consulting services across the globe. Small and medium enterprises are uniquely suited to receiving digital consulting service because: They aren’t far too small (solopreneurs and micro firms). This means a larger budget and larger impact per big decision, plus the lack of strategic know-how in every single area. Consulting is also “cheaper” than hiring. They aren’t large corporations that happen to have the source to hire larger teams (or agencies) to handle different business activities. That’s not to say that consultants can’t assist individuals (influencers, entrepreneurs) or large companies. But before… Continue Reading