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MBO Partners Offers Webinar on Consulting Bill Rate Strategies for Independent Consultants and Contractors
Gene Zaino will present a one hour
seminar about bill rate strategies for independent contractors and freelancers.
Calculating bill rates is a critical yet poorly understood aspect of running a
consulting business, and options include value billing, retainers, fixed price,
hourly, success bonuses, and contingency fees.
Herndon, VA -- February 18, 2009 -- MBO Partners, the
leading business operations platform for independent consultants and
freelancers, will offer a complimentary online seminar covering bill rate
strategies for independent contractors and consultants this February 25.
"Independent Consulting Bill Rates: Figuring Out What To Charge,"
presented by MBO Partners President & CEO Gene Zaino, will be a practical
and interactive learning session exploring one of the most important aspects of
starting and running your own consulting business.
Zaino, a CPA and noted expert on independent consulting, will explain
traditional bill rate strategies and also present some innovative approaches,
including a new calculation method for determining minimum and target bill
rates.
Topics will include:
- Bill rates versus pay rates: understanding overhead, utilization, and what's
in a rate - Value based billing, hybrid or blended rates, fixed price, success-based
fees, contingency, retainers, and hourly bill rate models - Pricing strategies that keep you competitive in an economic downturn
"Whether you're already operating as an independent consultant, or just
thinking about going freelance, your bill rate strategy is one of the most
important components of your business plan," says Zaino. "During this
economic downturn, it's more critical than ever to accurately value your
services and know for certain exactly how low you can go if necessary. In
addition to the conventional wisdom, we will also explore new pricing
approaches that put more at risk up front for you, and help clients get started
quickly."
About MBO Partners
Since 1986, MBO Partners has been making it easy for independent
consultants and their clients to work together. With their Portable Employer of
Record™ service, powered by the MyBizOffice® system, MBO Partners is the
preferred alternative to self-incorporation for consultants, freelancers, and
independent contractors. Through MBO, independent professionals get the
convenience of outsourced billing and collections, big company group benefits,
business insurance like E&O and General Liability, simplified tax and
expense reporting, and the ease of portable W-2 status.
MBO Partners is also an industry thought leader in contingent workforce
management, specializing in meeting the unique needs of businesses using
independent contractors and consultants. For organizations that engage contract
talent, MBO Partners is the preferred provider of consolidated contractor
payrolling, 1099 risk mitigation, and independent contractor compliance
solutions.
