Why should you start a consulting business? Why so much higher? That higher rate fills the gaps in a true consulting schedule (it may seem like you're working 60 hours with administrative tasks, hustle and networking, but you won't be billing 40 anymore). You'll also need to consider additional expenses that your employer previously covered, such as medical care, vacation days, sick time, and a 401k plan. The figure uses annual revenues per consultant as an indicator of average fees and the number of consultants as an indicator of company size. Read on to learn more about what consultants do with their consulting fees and how to get more revenue from your company.
Whether you're a new consultant or if you've been in the game for years, pricing your consulting services is one of the most challenging aspects. I recently joined a specialized consultancy (a small team over 50 years old) that is part of an international consulting and advisory organization. One of the reasons why consultants start their consulting business is because of the unlimited revenue potential.
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