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20 Business Consulting Services and Insights

Business consulting services are needed in virtually every business regardless of size. The services provided by business consultants are wide ranging in scope with many having specialized expertise and experience in particular business areas. Here are 20 business consulting services and insights that we provide to our clients:

The Biggest Myth About Business Consulting Services

Most business owners and business managers believe that business consulting services are out of reach for their business. This is simply not true. Many reputable businesses consulting firms, including our own, are compensated in different ways depending on the negotiation of services with the client. Here are 8 ways a business consulting firm is compensated:

Hourly rate: This is a fixed hourly rate
Daily rate: This is a fixed daily rate
Fixed Project rate: Pre-determined fee for the completion of the project regardless of how long it takes to complete
Retainer Fee: Clients pay a monthly or quarterly fee to retain the consulting services
Performance based compensation: The fees are tied to specified outcomes and results that are to be achieved.
Commission: A commission in the form of a percentage is provided as a portion of the revenue growth or savings generated from the consulting services.
Subscription Model: Clients pay a recurring subscription fee over a long-agreed period such as a one-year contract or longer.
Hybrid solution rate: This is a combination of two or more of the above that is negotiated with the consulting firm

It is important to understand that fees vary depending on companies with smaller companies generally charging much less than large firms. Obtain two or three quotations before deciding on the best one for you.

Business consulting services are for every business as they address skill and knowledge gaps in any business regardless of size. There are different types of payment methods a consulting firm can accept, and most businesses can hire them to propel the business to the next level of their success. There are numerous business consulting services that a company can take advantage of and often the consulting company will provide a value of 10 to 1 to the client or more. That means that the business consulting company will generate additional revenues of at least 10 dollars (usually much more) when hired to generate greater revenues while maintaining your profit margins or generate savings in similar proportions. The methodologies and savings stay with the company long after the consultant is gone providing an untold value to any business.