Don't Let Your Consulting Business Fail at the Start Consulting startups fare far worse than any other professional entrepreneurship, according to the US Bureau of Labour Statistics, with around 80% of new consulting companies folding within their first two years of...
ARTICLE SUMMARY The lines have become blurred between the respective roles of business coaches and management consultants. But there are distinct differences between the two. A coach, to my mind, generally works one-on-one with someone and tries to improve that...
To some consultants, it’s a curse. To others, it’s an opportunity. For new consulting professionals though, scope creep in client projects is something to be aware of early on and to learn how to manage. If you aren’t able to manage scope creep effectively, it will...
So, you want to learn how to break into the consulting profession as an independent? Many entrepreneurs do. Some take degrees. Others take online courses. Many opt for hands-on experience with a large company as a starting point. No one, however, can avoid the experiential school of hard knocks.
The lines have blurred over the years and the terms ‘consultant’ and ‘contractor’ are now often used interchangeably. By definition, however, these two business professionals perform very different tasks, although the consultant can, in some circumstances, also do the work of a contractor.
This is another question I get asked a lot. And most people don’t appreciate that the two are quite different. In very simple terms, let me explain it this way. A Contractor, is basically just like an employee. A hired hand to do a specific job or...
Did you know that even as a solo, independent consultant, trust in your brand from the client perspective is as important—if not more so—than the client's trust in you as a consultant? For larger consulting firms, this fact probably goes without saying, but among...
Before choosing life as an independent business consultant, your former career-roles might have required you to understand and practice executive-friendly communication. If not, the tips contained in this post may be useful to you, because communicating with senior...
As I've mentioned in many previous posts here at the Consulting Business School Blog, to run a successful independent consulting business, you need to be proficient in a range of skills beyond a technical knowledge of your chosen consulting field. Some of those...