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How do you calculate your consulting rate? Â It’s a question most W2 employees ask themselves when they want to become a consultant. How can you maximize today and prepare for a profitable consulting business? 1. Evaluate Your Bill Rate When’s the last time you evaluated your pricing strategy? Have your bill rates remained steady for…
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The ability to manage your business expenses is not just good for your company, it’s also a good income strategy as an independent professional. As a business of one, you will incur fixed costs that cannot be billed back to clients. You’ll also need to handle expenses such as health care, retirement funds, and other…
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It’s the last quarter of the calendar year and time for 2023 planning. As you work through your business goals and growth strategies for the coming year, consider your current rate schedule along with new ways to increase revenue. Refer to benchmark services that cover your market and skill set to compare the rates they…
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GUIDE | 8 MIN READ
Learn how to write and deliver proposals as a consultant.
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GUIDE | 10 MIN READ
Find a step by step guide on creating a Scope of Work document that outlines the basic details of your project with a client, as well as highlights key terms, such as payments, revisions, and key deadlines.
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Raising your consulting rates is not as scary as it sounds. If you are at a point in your career where you have years of experience, produce high-quality work that is backed by client recommendations, and provide services that are in-demand, it might be time to consider increasing what you charge. Clients are looking for…
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10 simple steps to billing a client to ensure you get paid on time.
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Being tasked with writing and delivering a Scope of Work (SOW) can at first seem like a daunting task. However, once you understand what goes into the various parts of the document, it becomes much more manageable and can be a useful tool to help you get organized before a project begins. A project Scope…
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If you run your own independent business, you likely know that writing proposals and bidding on projects is an integral part of your job. However, the formal Request for Proposal (RFP) process can be filled with tedious details that can feel overwhelming. Due to the complexity of this process, it’s important to understand how to best assess…
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Independent professionals have additional tax responsibilities above and beyond those of conventional employees and are also at risk of a tax audit. With extra forms and numerous potential deductions, it can be easy to overlook small details or miscalculate. While there’s no way to completely protect yourself from the dreaded tax audit, you can reduce…
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