At Frozen Fire, they are skilled marketers who know results-not actions-speak louder than words. You don’t need a lot of marketing speak; you need flawless execution. They believe that for companies to differentiate themselves from their competitors, they must build their brands in a style that works in a digital world.
Founded in 1973, Bain & Company is one of the world’s most Prestigious management consulting firms. They’ve worked with more than two-thirds of the Global 500 plus thoUSAnds of notable regional and local organizations, non-Profits and Private equity firms. They’ve advised global leaders, via their 50 offices in 31 countries.
Sendero’s mission is to be the management consulting partner most respected for our people, culture, and results. At Sendero, their mission is to be the management consulting partner most respected for their people, their culture, and the results they deliver to their clients. Their experts Provide guidance in strategic planning, technology enablement, and organizational effectiveness across a variety of industries.
McKinsey & Company is a management consulting firm. To help leaders make distinctive, lasting, and substantial imProvements in performance, and constantly build a great firm that attracts, develops, excites, and retains exceptional people. Their goal is to help leaders make distinctive, lasting, and substantial imProvements in performance, and constantly build a great firm that attracts, develops, excites, and retains exceptional people.
Jabian Consulting enables its clients to exceed their corporate objectives through the efficient and innovative application of strategy, technology, and Process. Through Jabian’s core service offerings clients are able to boost revenue, maximize their return on investment, plan for the futurerease quality, imProve customer and employee satisfaction, track and manage their Progress, gain operational efficiencies, and effectively leverage technology.
Leslie Hassler, President of Your Biz Rules (TM); helps women in small businesses get growth right through tips, tools, and strategies. Leslie teaches her clients a structured way to decide what to do first, second, next — and never – in their businesses so that they can learn to do it for themselves.
West Monroe is a national business and technology consulting firm that partners with dynamic organizations to reimagine, build, and operate their businesses at peak performance. West Monroe Partners’ team is made up of an uncommon blend of business-savvy consultants and technical experts that work together to achieve sustainable success.
Farrell’s Daughter offers Virtual & Onsite high-level executive assistant, consulting, branding, and design services for the overwhelmed boss. Whether it’s small business owners or personal clients, she works to tailor her services to meet your needs. SHe finds ways to do more so that you can enjoy much-needed work/life balance.
Guidehouse is a leading global Provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. Headquartered in Washington DC, the company has more than 7,000 Professionals in more than 50 locations. Guidehouse is a Veritas Capital portfolio company, led by seasoned Professionals.
This company is an individual with different passions and strengths who take them much joy in the work they do as from those they work with. Their strategic operations heritage means they’ve always known that a plan is only as good as the outcome it inspires. In Practice, their teams bring the perspective, understanding, and hands-on future as you see it.
Pariveda Solutions is a technology strategy and solutions consulting firm focusing on solving our clients’ most Pressing Problems. They develop their people who are high-potential consultants into solution architects to solve global business Problems. Pariveda solves the complex Problems of clients ranging from Fortune 100 to Global 2000 to startup companies and spanning multiple industries.
Deloitte Central Europe covers 19 territories with more than 6,000 people working to make an impact that matters. They deliver consistent, high-quality Professional services to leading companies across the region. If you’re ready to innovate and transform your business, Deloitte can help you imagine, deliver, and run your future, wherever you compete, using the latest technologies, from strategy development through implementation.
A business consultant takes the role of working with clients on numerous aspects of strategy, problem-solving, and planning. It is the duty of the business consultant to offer guidance and information which can be used by upper management or executives to master their business skills in whatever industry they are in.
The first step to actually asking a consulting question would be to take the time to listen. Yes, it might seem a little bit strange that listening is the first step to asking a consulting question but it is. Taking the time to listen attentively to what your client says is the jump point for making any consulting project a success. It can also help establish rapport and build a relationship which is quite key in this line of work. If you are unable to listen to what the clients want and how they feel about their current situation and business, you will be unable to understand the most appropriate solution for them.
The next step would be to ask the right questions. Asking the right questions will enable you to truly offer your clients the highest value level, which would help build your credibility and establish you as an authority figure.
“What is your number one priority for this business unit during this fiscal year?”
“Who will be making the final decisions on this project and who will be in charge of implementation?”
“What is unique about your business compared to your competitors?”
“Is there anything that you or your employees are doing that may be getting in the way of achieving this result?”
“What do you believe needs to be strengthened in order to support achieving this?”
“What was the main reason that you wanted to meet with me?”
“Many companies in this market are currently facing the issue of X, are you also finding that a challenge, or is there a bigger more pressing issue on your mind?”
“Can you tell me what your ideal client looks like? How old are they? Where do they live? What magazines or newspapers (or websites) do they read? What is their income level? What is their most pressing problem or desired result?”
“What options have you looked at to achieve this…?”
“What is the value of a new client to you?”.
You should be looking out for a degree in business or any related field. This degree should typically be a master’s degree. Additionally, certification is vitally important like the voluntary certification available via the Institute of Management Consultants. A credible business consultant that fits your hiring profile is one that has at least two years of experience. While there is nothing wrong with hiring a business consultant with less experience, it is much better to get an experienced hand on deck as your business will profit from the experience. Your business consultant is one that has key skills such as interpersonal, great communication, critical and analytical thinking skills, organisational skills, strong time management abilities, and more.
Business consultants could choose to front-load their billing. This means that if an invoice is only sent after reaching certain milestones, the fee is usually loaded at the front of the project rather than the end. For instance, a form of advance payment is required to begin the project, or that the first couple of payments are higher than those due much later in the project. doing this ensures that the project has a financial head start. It also helps to minimise risk should a client not pay on time over the course of a project.
The clients can also be billed often, given that the more a business consultant gets paid, the better their cash flow. And while monthly payments are the standard for business consultants that bill expenses and hours, the bills can come more often.
Business consultants can also choose to invoice immediately either once a milestone has been reached or the billing cycle has been reached. The sooner an invoice is sent to clients, the sooner the clients pay their bills.
Business consulting pricing and fees are typically structured in a couple of ways. However, like most businesses that offer a service, there is a bit of a challenge when it comes to pricing their offers. Pricing products is actually a lot easier than pricing for services due to the fact that the production costs of the products can be easily traced. However, services are more subjective when it comes to determining the value of one’s services.
This is one of the many reasons why varying business consultants have different techniques to make sure their services are priced appropriately. That being said, consultants take into account every important factor to ensure they do not undercharge or overcharge as the risk of losing clients overpricing can be an ever-constant possibility.
The base fee is usually $100 per hour which is then factored in depending on the mode of billing a business consultant utilises.
You have to ask your business consultant the following questions:
If they are collaborative
If they have knowledge of your chosen industry
If they can tell you more about their process involving their work
What is their biggest challenge within their knowledge sphere was the previous year
If they can guarantee success
What their payment structure is
What would occur if the contract was terminated
Why they should be hired over other consultants
If they are willing to sign a confidentiality agreement