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The business of consulting (handout)

Date post: 21-Feb-2017
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The business of consulting @iangotts [email protected]
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Page 1: The business of consulting (handout)

The business of consulting

@[email protected]

Page 2: The business of consulting (handout)

Winningrewardingprofitablework

Page 3: The business of consulting (handout)

CREDIBILITY

Notes:

1st impressions: company name, email, website, business cardMost of your work will be referral / word of mouthPick a name that is easy to remember and not a wacky TLDIf all else fails, your initials + Partners eg IGPartners.com

Page 4: The business of consulting (handout)

EveryConsultantIsAwesome

Page 5: The business of consulting (handout)

ExpectationCommonalityIntentAbility

Notes

This is the order that clients will judge you

Page 6: The business of consulting (handout)

DIFFERENTIATION

Notes:

You need to work on this. Pick a niche. Easy option is align with a productSalesforce.com is a great place to play as real need for business consultantsTeam up with a Salesforce technical consultant

Document your IP (intellectual property) – your methodology, your approach Leverage your blogs and articlesWrite a book - SO MUCH more valuable than blog or white paper

Page 7: The business of consulting (handout)
Page 8: The business of consulting (handout)

Notes:

This was built using Elements.cloud –free mapping app

Page 9: The business of consulting (handout)

PROFITABILITY

Notes:

Pick markets which can support your financial needs;eg avoid small non-profits and startups

Page 10: The business of consulting (handout)

3 ways to increaseday rate

Fix bigger problems

Paid by the size of the problems you can fix. Project Management is the top of the list.Commodity technical / coding is at the bottom

Page 11: The business of consulting (handout)

scope

Losing control of scope is serial killer for projectsScope should be in your contract with customerShouldn’t be starting work without a contract

Page 12: The business of consulting (handout)

3 ways to increaseday rate

Minimize benchtime

Do great work and get referred or find other projects inside client. It all starts with great work.And finishes with a name that people can remember and refer onto othersStart coaching your client from Day1 on the case study you are going to write and they are goignt o sign off

Page 13: The business of consulting (handout)

3 ways to increaseday rate

Annuity revenue streams

Annuity revenue is great to have but hard to achieveCan you license your IP?Can you provide a support service with a monthly retainer?Can you get a product referral for a product you really believe In and need to use at your client?

Page 14: The business of consulting (handout)

Always be yourselfunless you can be Batman.

Then always be Batman

Page 15: The business of consulting (handout)

@[email protected]

Thanks


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