10 Eylül 2018 Pazartesi

The King Of Sales: Unlocking The Secrets Of Sales And Consulting Success with Jeffrey Gitomer: Podcast #53

If you’re going to be successful in business, you have to be a salesperson. King of Sales Jeffrey Gitomer gives an account of his journey from selling Encyclopedia Britannica to consulting to writing and to creating a sales training empire. Jeffrey says consulting is a very easy way to begin to make money, but a very difficult way to continue to make money. He decided to stop and dabbled into writing because it’s been said ...

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6 Eylül 2018 Perşembe

4 Reasons Why Consultants Fear Specializing (And Why They’re Mistaken)

Let’s talk about specialization for a moment. I did a podcast interview not too long ago with a consultant, now based in Scotland who has a wonderful specialization. There are some lessons in there that I think that all consultants, including you, can benefit from. I made this quick video to share those lessons with you. If you haven’t checked out that podcast episode yet, you can go to the Consulting Success Podcast and check ...

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5 Eylül 2018 Çarşamba

Excel Basics – Things You Gotta Know

For weathered consultants, Excel is not new. In fact, we teethed our brain on it many years ago as analysts, consultants, senior consultants. In fact, it’s possible – just possible – that we have gotten pretty slow at it in our, uh um, old age. Please find a list of Excel tools and functions that […]

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3 Eylül 2018 Pazartesi

Becoming A 7 Figure Consultant Through Relationships With Barc Holmes: Podcast #52

Maybe it’s time to reconsider your marketing approach, particularly in your path to becoming a 7-figure consultant. While some people invest a lot of time into creating content or figuring out how to do advertising or speaking or going to a lot of trade shows, Barc Holmes of Coral Mountain Consulting has found an approach that works well for him. He is a master of not only building and nurturing, but strengthening relationships. Using his ...

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31 Ağustos 2018 Cuma

Great Advice from Students

Advice from Students. Shouldn’t we learn from those with more experience and great track records. Stand on the shoulder of giants. Use best practices. Learn the hacks. Work smart. I started asking students who crushed my class last year, what their advice was for the new-incoming group of students. Here are some verbatim comments related […]

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30 Ağustos 2018 Perşembe

4 Steps to Scale Your Consulting Business

Let’s look at how you can scale your consulting business. You’re in the position where you want to grow your consulting business. You want to create a lot more leverage. More freedom. More flexibility. So much so that your business can run to without your direct day-to-day involvement. Most consultants find they hold on to the stuff that they don’t need to be doing for far too long because they think that they can do ...

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29 Ağustos 2018 Çarşamba

Fall 2018 Spotify Soundtrack

We play music before class. Here is the crowd-sourced soundtrack.  Enjoy.

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27 Ağustos 2018 Pazartesi

Building A Consultant Growth Mindset For Greater Success: Podcast #51

The people that I see that struggle the most are those that say to themselves, “I want to see greater success. I want to see a greater result in my life and my business,” but yet, they’re not prepared to change anything that they’re currently doing. They’re just trying to do more of the same stuff. If the same stuff isn’t getting you to where you want to go, then doing more of it is not going ...

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21 Ağustos 2018 Salı

List of 800+ Planet Money Podcasts

Love Planet Money podcast. It’s my wife’s favorite podcast, for good reason. Engaging, clever, informative, well-curated, and whimsical. Overall, a great use of your half hour. Here is a list of their episodes from 2009-2018. 170+ page PDF of 800+ Planet Money Episodes Yes, they have 800+ episodes, so the copy/paste list of episodes and […]

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20 Ağustos 2018 Pazartesi

The Noun Project

The NounProject is a website where you can search, download, and customize millions of icons. Consultants are continuously “bucketing” ideas and concepts, and icons are a classy way to draw the viewers attention to a bucket. This is different from clip art (bad) which is just trying to fill up space. Just learned about this last […]

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How To Sell Consulting Services With Craig Wortmann: Podcast #50

Growing portfolio companies must focus on their sales, messaging, and go-to-market. Craig Wortmann of Sales Engine consulting reveals the key to sell more: networking. People may roll their eyes, but it’s true! Networking is all about prepping beforehand, being crisp, articulate, compelling, and magnetic in the moment, with unbelievable follow-through. Try studying the follow-up that companies have from trade shows and events. When we’re selling, it’s not about knowledge. It’s about skill and discipline, networking, and talking ...

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16 Ağustos 2018 Perşembe

Michael Zipursky on Peak Performers Podcast

Michael was recently featured on Peak Performers Podcast, which you can listen to here: How to Market Your Expertise with Michael Zipursky As a consultant, there’s a lot that you can bring to the table. You’ve worked on many different types of projects with many different types of clients. But this leads to one of the most common problems among early-stage consultants: Most consultants want to be all things to all people. But when you try ...

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13 Ağustos 2018 Pazartesi

Promoting Yourself As A Consultant The Right Way: Podcast #49

Whether you’re an executive, a VP, a director, or whatever your level is within an organization, in most cases, it’s not about you. Everything that you do is about the company. Even though much of the success the company is seeing is directly connected to you, you somehow feel uncomfortable talking about your accomplishments and contribution. When you leave the corporate world and decide to become a consultant, if you carry the same mindset that ...

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9 Ağustos 2018 Perşembe

The Four Stages of Marketing Maturity For Consultants

Let’s talk about how marketing changes based on the current level of maturity of your consulting business. The first thing that’s really important to understand here is that it’s your marketing will change not just based on the maturity of your business, but really on the maturity of the marketing in your business. What I mean by that is you may be in business for 10 years already, but you’ve received all your business from ...

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7 Ağustos 2018 Salı

Guide to Become a Consultant: How to Start a Consulting Business

If you’ve looked into how to become a consultant and start a consulting business, there’s no doubt you’ve come across countless articles or videos that make it look like a no-brainer to “get rich quick.” “Make six figures your first month!” “You don’t need any experience to be successful” There’s a lot of misinformation out there. In today’s digital age, it’s relatively easy for anyone to write an article or record a video on starting ...

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6 Ağustos 2018 Pazartesi

From Engineer To Successful Ecommerce Consultant with Mike Gammarino: Podcast #48

A lot of times, what we see for new product companies are you’ve got a couple of founders where one knows the product well because that started the idea, and then one knows how to market and sell the product. Once you have those two things together, the next piece is the ecommerce operations piece. Many times as companies grow quickly, the sales and marketing of those products quickly outpaces the operations. That’s typically where ...

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2 Ağustos 2018 Perşembe

Listen up: internship advice

Reached out my network, and asked: “What advice do you have for interns in the last 1/3 of their project?”  Here is what they said (slight editing, and my emphasis in blue color) on finishing your internship well. Be proud of your work Summarize the project. Recap all the projects you’ve worked on and the […]

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Michael Zipursky on The Daily Grind Podcast

Michael was recently featured on The Daily Grind Podcast, which you can listen to here: The Daily Grind with Michael Zipursky One of the biggest challenges early on in my career was working in Japan. I was in my early 20s, fresh out of college, wasn’t fluent in Japanese — yet I was working and living among this culture that was so different from my own. My goal? To work with the big companies. I wanted ...

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31 Temmuz 2018 Salı

60+ Quotations: Aristotle, Thoreau, Nike, Einstein, Ford

Huge fan of quotations. Whatever you are thinking, its probably been said by a famous person – more succinctly, more eloquently.  Here are some of my favorites. The bucketing is approximate, and definitely not MECE. We are what we repeatedly do All great achievements require time. – Maya Angelou Routine, in an intelligent man, is […]

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30 Temmuz 2018 Pazartesi

Open Innovation Consulting Best Practices with Scott Wagers: Podcast #47

  Anytime you’re solving a business problem or anytime you’re offering a service, one of the best ways to figure out what you should be offering is to find out what the market wants and figure out what problems the buyer is having and focusing on that. Open innovation catalyst Scott Wagers has been trying to address that question over the course of his career. Scott helps put together and deliver projects that are with ...

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26 Temmuz 2018 Perşembe

Marketing Strategies for Consultants Study: 2018

I’m excited to share the results of our 2018 Marketing Strategies for Consultants Study. Marketing is always a hot topic for consultants. Many struggle with it. Few excel in it. All must do it to attract new clients and grow their business. In this study, we polled our list of 33,000 consultants and asked them about their marketing — and you’ll learn how you compare to other consultants when it comes to your own marketing. ...

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23 Temmuz 2018 Pazartesi

High Converting Webinar Sales In Consulting With Joel Erway: Podcast #46

  Lead generation webinars are a powerful tool for generating high-ticket sales appointments. In recent years, building high-converting sales webinars and sales presentations have become a top priority for coaches, consultants, and solo entrepreneurs looking to sell their courses through specialists. One such company is The Webinar Agency, run by Joel Erway. He’s been in the game for nearly four years, graduating from Rochester Institute of Technology with a degree in mechanical engineering technology in ...

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22 Temmuz 2018 Pazar

Consultant’s packing list

Now that you got your consulting offer, what should you pack in your bag? Here is a list of things I have used and favored when I travel. Some are common sense (shoe polish), while other’s are personal preference (Tumi vs. Briggs and Riley). Feel free to chime in with some of your favorite products, services, […]

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20 Temmuz 2018 Cuma

Michael Zipursky on How To Lose Money Podcast

Michael was recently featured on the How To Lose Money podcast, which you can listen to here: How to Lose Money by Selling a Product That Nobody Wants with Michael Zipursky Any entrepreneur who’s earned success knows that it’s not always fun and games. If you’ve read our articles or listened to our podcasts, you know that I’ve found tremendous success. Both in my own business and for our coaching clients. But that’s only part of the ...

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16 Temmuz 2018 Pazartesi

The Opposite Of Selling: Consulting Secrets For Engaging Buyers With Bob Urichuk: Podcast #45

What’s the most productive time of your day? What would happen if you dedicated one hour of your most productive time to the most important person in the world every day? This is part of Bob Urichuk’s daily routine, and it has resulted in positive improvements to his business. He would visualize, doing anything to help him get where he wants to go at seven o’clock. Any behavior that gets recognized and rewarded gets repeated. ...

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14 Temmuz 2018 Cumartesi

Company analysis: Pandora Media

Reading Pandora Media’s financial statements is like rubbernecking at a car crash on the highway. Completely not necessary, not classy, and perhaps a waste of time. Two years ago I wrote about Pandora’s terrible business situation here. Since then, I personally only use Spotify, and well, Pandora Media is even worse shape. Looking at Finviz for […]

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12 Temmuz 2018 Perşembe

Oh, professionalism

Hope you’re enjoying the summer – full of beaches, lakes, friends, and food. As consultants, it’s often hard to stay “aware” and “fresh”.  In reality, the travel and the clients can be a bear. Same hotel concierge lounge, same salmon with capers, same client parking lot. They say that consulting gives your 3x the experience, and […]

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An Elderly Couple, A Bucket of Sweat and a Consulting Hypothesis

It was Sunday morning. I woke up feeling less than rested. Rewind 6 hours earlier… A couple of neighbours came over to the house. I organized a Scotch night where we tasted four lovely bottles with an assortment of snacks over a few hours of conversation. Now, it was 6 am on Sunday morning. Rei, my daughter let my wife and I know that she had awoken with the typical “Momma! Dadda!” That’s a cue ...

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9 Temmuz 2018 Pazartesi

Grow Revenue In Subscription-Based Consulting With Jeb Blount, CEO Sales Gravy: Podcast #44

  Sending hourly invoices to your client can get awkward really fast. Same thing for project-based consultants. But what if you can secure a contract that says, “The contract value is this much, but you pay me over the period of time”? And what if as a consultant, you can deploy the assets as you go? Well now you can do so by making the switch to subscription-based consulting. Jeb Blount, CEO of Sales Gravy, ...

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7 Temmuz 2018 Cumartesi

Who is David Rubenstein?

If you are in private equity, this is a name you already know.  Rubenstein is the co-founder, and co-chairman, of the Carlyle Group which invests $200+ billion on behalf of their limited partners. He sits on dozens of boards, and is the chairman of the Kennedy Center of Performing Arts, and the chairman of the Smithsonian […]

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2 Temmuz 2018 Pazartesi

Corporate Consulting For Fortune 500 Companies With Suzanne Bates: Podcast #43

If you aspire to make it as a Fortune 500 company, then you might want to consider corporate consulting to help you bridge that gap from strategy to execution. Luckily we have Suzanne Bates to guide potential leaders with her company, Bates Communications. Based in Boston, they work with leaders and teams become more effective in accomplishing their tasks – both as teams and as individuals. By investing first in your own learning with Bates ...

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28 Haziran 2018 Perşembe

Michael Zipursky on Action Now CFO

Michael was recently featured on the Action Now CFO podcast, which you can listen to here: Helping Elite Consultants Achieve Success: Co-Owner of “Consulting Success” Michael Zipursky How do you pick your ideal target market? Why do you have to create content for your business and for your clients? What’s the mindset you must adopt when it comes to marketing your consulting business? We can overcomplicate things — but the answers are often more simple than ...

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25 Haziran 2018 Pazartesi

Simplifying Litigation Consulting with Joe Decilveo: Podcast #42

When stakes are high, people turn to RSM Consulting’s Joe Decilveo, Jr. His expertise is frequently tapped in areas around shareholder litigation, regulatory investigations, plea agreements, commercial disputes and other potentially difficult situations. Joe joined RSM in 2011 with a small team of professionals to complement RSM’s Chicago-based bankruptcy and insolvency practice. Under his leadership, the practice has grown from fewer than ten to more than 70 professionals, from one partner in one office to ...

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22 Haziran 2018 Cuma

Learn how to learn, think about thinking

These two phrases have become my pedagogical mottos. Learn how to learn. Think about your thinking. If we value a liberal arts education (I do), and believe that the nature of work will be forever changing (I do), then the smartest thing we can do: 1. Learn how to learn Determine how you learn best. […]

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21 Haziran 2018 Perşembe

4 Proven Ways to Earn Higher Fees With Every Consulting Proposal

Let’s talk about how you can earn higher fees with every proposal that you put out. Here’s are 4 keys to higher fees with your consulting proposals. 1. Raise Your Value Before Sending The Proposal It doesn’t start with the proposal. It’s not even your approach to the proposal. It’s all about the conversation you have before the proposal. In your conversations, you want to be focused on some specific things, but keep in mind, ...

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18 Haziran 2018 Pazartesi

The BraveHeart Exit Strategy Consultants Randy And Ellen Long: Podcast #41

You might be focused on growing your business, but what do you have planned after that? Maybe it’s time for you to start an exit strategy the BraveHeart way with Randy and Ellen Long to teach you how. Randy is CEO of Long Business Advisors, LLC, creator of the BraveHeart Planning Process, and author of the book, The BraveHeart Exit: 7 Steps to Creating Your Family Business Legacy. Ellen is a mentor at TekMountain and ...

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14 Haziran 2018 Perşembe

Michael Zipursky on Leaders In The Trenches Podcast

Michael was recently featured on Leaders in the Trenches Podcast, which you can listen to here: The Mindset of Success with Michael Zipursky In business, the way you think determines your actions — which determines how successful your business is. Successful consultants adopt the mindset which provides the foundation for their success. Consultants that fail aren’t failing because they have a poor website or can’t write effective proposals — those are surface level problems. They have ...

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11 Haziran 2018 Pazartesi

Glenn Mattson: Overcoming Roadblocks With Sandler Training And Consulting: Podcast #40

Roadblocks. Every company wants them removed, but very few consultants can truly tell you how. Glenn Mattson is President of Mattson Enterprise Inc., a Sandler Training consulting firm specializing in sales and management productivity and effectiveness. Glenn’s work with Mattson Enterprise Inc. in conducting public and private workshops, corporate programs, and one-on-one strategic sessions for corporate executives, business owners and/or individuals who find themselves in a sales/management role. He follows a simple process of defining where ...

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6 Haziran 2018 Çarşamba

What advice do you have for college students?

We ran a business bootcamp for non-business majors for the last 3 weeks. We had 4 guest speakers. Good questions and good advice. Thanks for all the great advice AN, IM, WM, DB.   Do the work. Mark Cuban says, “Don’t follow your passion, follow your effort.” Be willing to do what others are not; […]

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4 Haziran 2018 Pazartesi

Be An Active Listener While Consulting with Noelle Mykolenko: Podcast #39

When you put yourself in your client’s shoes, you’ll understand that the resistance to change comes from their fear of the unknown. They have attached themselves to practices that have been serving them well in the past but isn’t working for them in the present. She explains that this situation is very common that it has become the norm rather than the exception. As a consultant during these situations, you need to become an active ...

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2 Haziran 2018 Cumartesi

Our 10 Guiding Principles: Inside Our Consulting Business And Life

Looking into what we really think, how we make decisions, and what gets us to act keep us in check. This is very crucial to know because what drives us as individuals is indicative of what is important to us and the direction that we want to take our business. This could also help you really focus on the few things that matter instead of focusing on everything and anything that’s out there, and working ...

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31 Mayıs 2018 Perşembe

Michael Zipursky on Your First Thousand Clients

Michael was recently featured on Your First Thousand Clients podcast, which you can listen to here: Michael Zipursky: Building a Relationship Culture, The First Part of the Success Process In this episode of Your First Thousand Clients, you get to hear me in action — talking with Mitch as if he were one of my coaching clients. We talk about doubling his client base, how to stop relying on referrals and word of mouth, developing his ...

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28 Mayıs 2018 Pazartesi

What is the DuPont Method?

(geek alert) The DuPont Method is one of my favorite things from B school. Yes, it’s a way to calculate return-on-equity, but it’s also a great way for a consultant to get smart on a company quickly. It’s a great first step in tearing apart financials and comparing companies from the same industry. What’s return […]

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Consulting Through Resistance with Kelly Roach: Podcast #38

As a consultant, your goal is to make connections and help clients realize that they can trust you to make the changes their company needs to make. This often means that you will be consulting through resistance. Kelly Roach came into the business of consulting by always hearing people around her saying “Who does this kid think she is, coming in here and telling us what we need to do?” Instead of forcing them into ...

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24 Mayıs 2018 Perşembe

Consulting Fee Structures: 5 Models Ranked from Worst to Best

Let’s break down the different consulting fee structures that are available to you as a consultant, and then contrast and compare the positives and negatives of each. Hourly Billing for Consultants A very common one is hourly billing. A lot of consultants use hourly fees, and that’s really where a lot of people get started. That’s the status quo for people now. What’s good about hourly fees? They’re easy. It’s pretty easy to figure out ...

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21 Mayıs 2018 Pazartesi

Retooling Your Skills for Consulting in Media Advertising with Alex Bombeck: Podcast #37

One of the barriers in a consulting firm is having every form of competition and figuring out how to reinvent yourself to stand out from the crowd. Having the mindset of reinventing yourself plays an integral role when you are a solo consultant because it helps you provide different types of value to clients. President and Managing Director of North Highland, Alex Bombeck, has always believed that retooling and reskilling himself is an effective way ...

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17 Mayıs 2018 Perşembe

A Strange Encounter

It was Saturday afternoon. I had just left the liquor store with a box of wine when something unexpected happened. Earlier that morning, I was spending time with my daughter. We had breakfast together and then went to the park to play. Daddy-daughter time while my wife was at the spa. I drove back to the house and put my daughter down for a nap. She fell asleep in the car before we even got ...

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16 Mayıs 2018 Çarşamba

2018 Consulting Fees Study

I’m excited to share the results of our 2018 Consulting Fees Study with you. Before I provide you with all the details and results — I’ll also tell you about a funny story. A bit of background first. Each year we poll our list of consultants. With over 33,000 consultants getting our regular emails, it’s a sizeable and meaningful group to poll. I’ll quickly mention that our 2018 Marketing for Consultants Study will also be ...

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14 Mayıs 2018 Pazartesi

Deliver Value Through Consulting and Connecting with Richard Citrin: Podcast #36

When you deliver value to people and show them that you are there to help solve their problem, you create connections and build relationships that get you opportunities you may have otherwise missed. As an organizational psychologist, Richard Citrin follows this concept because he knows that consultancy is a business of relationships. Richard has always shared his values of contributing and giving back to the community. He was able to leverage those connections because people ...

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12 Mayıs 2018 Cumartesi

Speaking to 800 people tomorrow

Tomorrow is a big day in my journey as a professor, speaker, and consultant’s mind.  Was voted by students as the distinguised educator of the year. Super winning. Speaking at the graduation celebration. This is the venue. Here is the outline of my talk. (My) Past:  Did not always know what I wanted to do […]

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10 Mayıs 2018 Perşembe

Michael Zipursky on Freelance Transformation

Michael was recently featured on the Freelance Transformation Podcast, which you can listen to here: Mindsets of Elite Consultants with Michael Zipursky Consultants and freelancers struggle with many aspects of their business — but it’s their mindset that holds them back most often. If you don’t adopt the right mindsets in your business, especially as a consultant or freelancer, you’ll never run the business the way you dreamed of when you started it. I recently talked with ...

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7 Mayıs 2018 Pazartesi

Consulting with Specialists on the Business of Design with Matt Burns: Podcast #35

Every business owner starting up has this mindset that they need to get everything done from day one. Startups spend a lot of time thinking, planning, and trying to get everything done before they even open. He went through this phase as well. He broke out of that and went to a level higher by taking action to find out what would work to get the results that he wanted, and then adjusted it to ...

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3 Mayıs 2018 Perşembe

5 Secrets to a Successful Business Coaching Relationship

Summary I want to share with you why every investment that I’ve ever made in our company has ever made into coaching and mentoring has produced a positive ROI. We wouldn’t be where we are today if we had not invested in working with coaches and mentors. We’ve done it consistently year over year and we work with many different kinds of coaches to support our businesses. If you look at the top performers in ...

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1 Mayıs 2018 Salı

Presenting to 30 people instead of 3

In the corporate world, most presentations are to small groups. In fact, the most common format is actually with 1 person in his/her office. The slides typically have more details (think: 18-22 font arial) and should be completely self-explanatory. They are skimmable executive memos on PowerPoint in Landscape orientation with clear tables, graphics and story […]

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30 Nisan 2018 Pazartesi

Consulting As A Team To Develop A Culture of Vision And Value with Carl Gould: Podcast #34

During the time when coaching and consulting wasn’t as easy as it is today, Carl Gould didn’t offer any excuses for the lack of progress. Instead he continued through and his experiences during those challenging days are now the biggest factors that set him apart from other coaches. Carl transitioned from construction to consulting and realized he was missing opportunities in areas he had no expertise in. His solution was to start consulting as a ...

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29 Nisan 2018 Pazar

Satisfaction = Perception – expectation

David Maister’s Managing a Professional Services Firm (affiliate link) is mandatory reading in my management consulting class. The first 50 pages talks about the different types of work (brain surgery, white hair, procedure projects) and differing roles within the firm: finders, minders, and grinders. Yes, my exam has 4-5 questions about leverage and how it influences profitability. […]

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What is positioning?

Marketing strategy is an enormously vast, fun, and exciting topic. In that forest of thinking, I would argue that positioning is the first-domino idea to consider. It’s a 40 year-old idea that is just as important as it was in 1972, when Al Reis and Jack Trout wrote a fateful article in Advertising Age here. When student asks […]

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27 Nisan 2018 Cuma

Great next job? Yes, please. . .

Charles Aris is a recruiter out of North Carolina that places ex-strategy consultants. Yes, you should sign up for their newsletter. They do great work. Some of their post-consulting job postings here. EVP of Strategy & Corporate Development (Boston – PE-backed Medical Device) Our client has partnered with the Charles Aris team to identify an […]

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Billion Dollar Consulting And My Bullet Train Ride in Japan

One breezy autumn day about 15 years ago, in Osaka, Japan I was racing through a train station trying catch the bullet train to Tokyo. I had a half-eaten burger in one hand, a cup of ice water in the other, and a briefcase wedged under my arm. And I was about to throw myself into a lion’s den of angry, roaring clients. And I didn’t know if I would make it out with my ...

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26 Nisan 2018 Perşembe

Your Best Investment As A Consultant (300%+ ROI)

Summary: Are you interested in growing your wealth? And I don’t mean just money, but I mean really thinking about the impact that money is going to have and what it can allow you to do. Greater freedom and flexibility allows you to spend a lot more time with your loved ones and serving your community — or doing whatever it is that is meaningful to you. That’s what real wealth is all about and ...

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23 Nisan 2018 Pazartesi

Authentic And Transparent Consulting Through The Anatomy Of Transformation with Willard Barth: Podcast #33

In the competitive business world, we all need to look inside and see what makes us stand out and relevant from the rest of the crowd. Oftentimes, it is our journey and how we tell it that connects us with people. Willard Barth learned that being authentic and transparent is the best way to connect with people because it shows them the steps to success you are sharing are not just theories. Willard has helped ...

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16 Nisan 2018 Pazartesi

Consulting and Operating On The 12-Minute-A-Day Methodology with John Mitchell: Podcast #32

When working hard doesn’t work, there has to be something else. A defining moment happened in John Mitchell’s life where he was afraid he was not getting the exceptional life of freedom, lifestyle, and sense of accomplishment that he had always wanted. His search for the top book on success and achievement ever written led him to Napoleon Hill’s book Think and Grow Rich. From that, he developed the 12-Minute-A-Day Methodology. Applying this science will ...

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Subway piano: Make “good for you” fun

This is something all consultants should watch, reflect, and incorporate into their client work.  How can you make “good for you” fun?  People want to be engaged and experience life.  How can we tap into that curiosity and shape “good for you” behavior.  It’s hard to describe how much I like this subway piano.

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12 Nisan 2018 Perşembe

How Elite Consultants Can Attract More Clients: Michael Zipursky on Smashing The Plateau Podcast

Michael was recently featured on the Smashing the Plateau Podcast, which you can listen to here: How Elite Consultants Can Attract More Clients with Michael Zipursky Attracting clients requires you to market your consulting business in a way that guarantees you have more conversations with your prospects. It’s important that you’re able to do this on your own. You cannot build your own unique consulting brand unless you learn how to get in front of your ...

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11 Nisan 2018 Çarşamba

Oh, that makes sense, let’s do that

Been looking at a lot of PowerPoints recently. It’s the end of the semester. B-school student have decks due in multiple classes. Case competitions. Client deliverables. School clubs. Super-day group interviews. The better you get at structuring your thoughts, showing concepts visually, stringing together a storyboard, writing concisely, and persuading with PowerPoint, the happier you […]

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9 Nisan 2018 Pazartesi

The Problems With Working For A Consulting Agency (Do This Instead)

Summary: You might be losing a lot of money right now. I’ve worked with hundreds of consultants in many industries all around the world and often I hear about situations where people are losing a lot of money, they’re losing a lot of opportunities. In some cases, they’re aware of it. In other cases, they’re not. What am I talking about? I’m talking about working with other agencies. I’m talking about you working as a ...

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Consulting Your Inner Self To Master The Business Mind Games with Jason Treu: Podcast #31

Have you ever felt like you needed to do something else but didn’t know what that was? Jason Treu is the CEO’s secret weapon. His work as an executive coach revolves around helping entrepreneurs, executives and rising stars increase their leadership and performance. He helps them map out their business blueprint, either starting their business from scratch or taking them to the next level. Working with over a hundred high performing individuals, Jason learned that ...

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8 Nisan 2018 Pazar

What makes good prioritization slides?

In my management consulting class, we have some practice slides due shortly. As such, two students (hat tip: ML, JS) asked for more clarity on what really makes good prioritization slides.This varies enormously by firm, by senior manager, and by person(ality). Here is my take on it – feel free to add on, push-back, or […]

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5 Nisan 2018 Perşembe

How to Put Your Value Proposition to Work

? Transcript: It’s Michael Zipursky from ConsultingSuccess.com. Hope you’re having a wonderful day. My clients hear me use the phrase, “Imperfect action,” quite often. It’s something that I say a lot, because I’m a big believer in it, and I’ve seen firsthand in my business and in so many client businesses, the profound positive impact that it can. So, let me share with you how I view imperfect action when it comes to the magnetic […]

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2 Nisan 2018 Pazartesi

4 Steps To Specializing Your Sales and Marketing Techniques with Perry Marshall: Podcast #30

Protect your business with your network, your niche, and your mindset. Description: Today I’m very excited to be joined by Perry Marshall. Perry is the author of several fantastic sales and marketing books and splits his time between higher-end client work and equity in companies as well as his science and technology project Evolution 2.0. Today we’re diving deep into the ways you can find your ideal clients, how to successfully manage your sales, marketing […]

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1 Nisan 2018 Pazar

Bain: Private Equity Report 2018

Bain published a 2018 Private Equity report (80pg) which you have to sign up to get here. The high-level message seems to be that private equity is doing well (perhaps too well) and there is a lot of investor money looking for returns. This is driving up valuations for acquisitions, and honestly, making it more difficult for […]

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Bain Private Equity Report 2018

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29 Mart 2018 Perşembe

Michael Zipursky on Business Innovators Network

Michael was recently featured on the Business Innovators Network, which you can listen to here: Michael Zipursky on Business Innovators Network  To acheive true success, there are two components: confidence and competence. You need to know you can do something — and then you need to do it, which is what gives you confidence. Once you know how to do something and you do it, then you feel confident. When you put those two together, that’s what creates […]

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26 Mart 2018 Pazartesi

Attracting High-Value Clients In One Vital Step: Podcast #29

From the The Elite Consulting Mind, a look into the reasons why you can’t wait for perfection to take action. Description: Today I’m sharing another chapter from my newest book The Elite Consulting Mind: 16 Proven Mindsets to Attract More Clients, Increase Your Income and Achieve Meaningful Success. This book is full of principles — all proven by elite consultants — that you can use to overcome challenges, remove obstacles, and grow your business significantly. […]

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22 Mart 2018 Perşembe

Productivity Boost for Consultants

Transcript Hey, it’s Michael Zipursky from ConsultingSuccess.com. Hope you’re having a wonderful day. And today, I want to share with you one step that I’ve taken to significant increase my productivity, one step that’s allowed me to build multiple businesses, generate millions of dollars, write several books, hundreds of articles, work with clients all around the world, and still enjoy a lot of freedom, a lot of time to travel, a lot of time with […]

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19 Mart 2018 Pazartesi

Securing $20,000 Speaking Engagements with Chester Elton: Podcast #28

How to leverage your writing, speaking, and training expertise to increase your consulting fees. Description: I’m very pleased to be joined today by Chester Elton, a recognized expert in business and leadership. Chester has worked together with his partner, Adrian Gostick, for over 20 years to create networks where people feel engaged, enabled, and energized. They are the authors of several leadership books, including the newly released The Best Team Wins: The New Science of […]

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15 Mart 2018 Perşembe

The Mindset Behind Success: Michael Zipursky on Conscious Millionaire Podcast

Michael was recently featured on the Conscious Millionaire Podcast, which you can listen to here: Conscious Millionaire Podcast #34 — Michael Zipursky: The Mindset Behind Success Getting to your first million cannot be done unless you have the right mindset behind success. Your mindset — how you approach your business, your clients, and your projects — determines how far you will go. I recently talked with J V Crum III, the host of Conscious Millionaire Podcast, to […]

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13 Mart 2018 Salı

Recruiters speak: 14 things all college graduates need to know

At the Goizueta Business School we offer a 3 week business boot camp for non-business majors here. The idea goes that there are a few dozen core business concepts that any graduate should know (e.g., Assets = Liabilities + Equity).  In the spirit of putting together a rigorous, and practical program, I reached out to a […]

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12 Mart 2018 Pazartesi

7 Questions To Ask Yourself About Your Commitment To Success with Jon DeWaal: Podcast #27

Achieving real consulting success starts with your discipline, your conversations, and your commitment to making positive change.

Description:

In today’s episode, I’m joined by Jon DeWaal, a life transition specialist who helps people work through the personal side effects of making major life transitions. He describes his work as counseling, coaching, career counseling, and spiritual direction, all rolled into one. Jon has joined me today to discuss the questions you can ask yourself about your level of discipline, commitment to success, and ability to affect meaningful change in your growing consulting business. We examine the need to make changes in your business before you hit the bottom, the importance of discipline and conversations, and the difference between consultants who wish they could get things done and the ones who are willing to put in the work to make things happen, all on this episode of The Consulting Success Podcast with Jon DeWaal.

Writing The Best Story For Your Life

It took falling off a roof to make Jon realize that he wasn’t living the life he wanted.

Fresh out of college, Jon had spent four years building up a business as an independent contractor when his life suddenly — and unexpectedly — started down a new path. After the fall, Jon found himself lying in a hospital bed examining his life situation. He reluctantly and painfully admitting that he no longer wanted to do the same work he had been doing, and a new chapter began. He started exploring different options with a close friend and mentor, and after realizing that he was part of a story that he no longer wanted to be in, Jon knew that change was on the horizon.

Once he started contemplating the stories that he did want to see in his future, Jon realized that what he wanted more than anything was to make a meaningful impact on the world. More so than his potential house or salary size, Jon wondered what it would look like to leave a mark on a person. To use his gifts and strengths on their behalf, and to become a force that provoked with really good questions, a strong sense of presence, and a source of invitation — to help others see a different story for their personal and professional future.

There is a good chance that you became a consultant because you have found yourself at a similar crossroads in your career. Taking the leap into consultancy might have meant a major shift in your life story, as well. If so, you’ll want to listen on to hear more about the success that Jon found once he began pursuing his new life dream.

Main Challenges of Business Owners

Every business owner is faced with a barrage of challenges, questions, and problems. The first challenge that Jon admits to dealing with, even with his own work, is the feeling of never spending enough time working on your business. Instead, business owners often find themselves down in the trenches doing work for the business. Too often, business owners haven’t built boundaries for themselves. They don’t have a clear focus on the direction that they want their business to go, and that can cause major problems with the growth of a company.

Jon shares an example of a small company in Seattle that quickly grew from $250,000 to over $1 million in revenue. Because they weren’t adequately prepared for this growth, too much of their time was spent in reactive mode — putting out fires — and they needed the guidance of someone like Jon to help them refocus and move forward with their work. He asks deep and meaningful questions while helping businesses through this significant growth transition, including,

“Who are you now as a business?”

“What does it mean to create space and time to lead this organization differently?”

These are not questions that can be answered, or acted upon, easily, but they are questions that you need to ask yourself. Examining your company’s weaknesses and identifying areas of needed growth is essential to the health of your business. There has to be dedicated space within each week, month, and year in order to effectively lead an organization rather than just stay in it day after day. Some of these ideas may seem new and overwhelming as your business starts to grow up, but taking the time to answer these questions and effect meaningful change in your business will offer you tremendous rewards.

Many of Jon’s clients feel bombarded with the daily work, projects, and emergencies that every consultant faces — delivering on client projects, handling personal and professional situations and balancing a busy work schedule. There never seems to be enough time to dedicate productive time to work on the business, rather than just working in it. Does this sound familiar to you?

The Number One Reason You Aren’t Focused

So many clients that I talk to have the same problem — they aren’t spending enough time working on their business. Even though they know deep down that they need to spend more focused time growing and developing their business, they just can’t seem to find a way to make it happen. Jon has seen the same thing in his work, and he has an explanation for it. Jon shares what he believes is the number one reason for not getting the most important things done, and that is an overall lack of discipline.

A lack of discipline creates so many problems in businesses, in particular with getting things done. Disciplines are essential to the success and health of your company, and they are so valuable because they help contain the creative places. Jon ask his clients some hard questions here as well —

“What does it mean to actually own your schedule?”

“Do you know where the value-adding activities are as you work to distinguish yourself in the marketplace?”

“What do you need to become more of in your role as a business owner?”

Asking yourself these kinds of questions can help you develop a core language and real sense of identity for your business as it grows. Once you understand the beliefs that are driving your behaviors, it becomes easier to form new habits that will help to drive your business forward and help you reach the milestones you’ve set for your consultancy.

The Key Role of Commitment

I see a lot of consultants that will tell you that they want to grow their business — on the surface.  But there is a big difference between those who are truly committed and those who are simply interested in making growth changes. Too many consultants spend their time talking about their plans for change, but when it actually comes time for taking action, they find reasons and excuses to not put in the work that is required to get it done.

You can wish for things to happen in your business, but it’s only when you really want to put in the work that things will really start to happen. It’s usually only when the pain has grown to a point that you decide you’re willing to do the hard work of creating new disciplines tied to the commitments that you want for your business that change starts to happen.

But that doesn’t have to be the case for you! You don’t have to get to the point of pain to set goals and make change happen in your consultancy. You need to listen to my conversation with Jon to find out how you can avoid hitting that low point before taking your business to a higher level. There will have to be trade-offs in order to achieve the higher level of consulting success that you have been seeking, but it will be worth it.

Change is a natural and essential part of growing your business, and you don’t need to fear it.  Change does not mean that things are going wrong. If you can embrace change and the uncertainty that can come with it, you may just find that even better things are about to happen for your business. You need to consider how you can apply the advice that Jon shares during our conversation in a very honest way and you may find that it will provide an even greater value for you.

Building A Network and Securing New Clients

For the past eight years, Jon has made a dedicated effort to expand his network in every way possible. In addition to his work with clients, he also teaches at a local educational institution, has weekly meetings with his network in BNI (Business Network International), and is a member of his local Chamber of Commerce. Each of these steps to build his network requires a measure of discipline and builds awareness around the work that he does.

When he was about four years into his work, Jon reached the point that he was able to choose the kinds of clients that he wanted to work with. This is a milestone that every consultant wants to reach, and for Jon, it took years of disciplined work to achieve. There were moments of disappointment and setbacks, but Jon surrounded himself with people that encouraged him to keep moving forward, and the payoff has made it all worth it.

Jon shares two words of advice for any consultant that wants to meet the milestones of success as soon as possible. First, there is great value in writing — sharing your content through newsletters, blog posts, and articles has the power to increase your credibility substantially. Trust in yourself and don’t be afraid to put your content out there for the world to learn from. It does require discipline, but the benefits it brings to your company will quickly become apparent.

The second piece of advice he shares is to have the discipline to maintain positive and encouraging relationships no matter how busy your work and life become. For some, that may come through personal friendships, others it will be with a mentor or coach. Whatever it is for you, make sure that you take time to maintain the relationships that will help support you on your road to success.

If you’ve been listening to The Consulting Success Podcast for any amount of time, you will recognize some of these same themes popping up, posing the need to ask yourself some hard and honest questions about your commitment to the success of your consultancy —

“Are you disciplined enough to have continual conversations within your network?”

“Are you committed to making meaningful and necessary changes for your consulting business?”

If you’re unsure of your answers to these questions, along with the questions Jon posed earlier, then you need to listen to this episode. I know you will gain great insight into ways that you can increase your discipline and commit to real change as you listen to my conversation with Jon DeWaal on this episode of The Consulting Success Podcast.

Key Takeaways:

[:17] Introducing Jon DeWaal — life transition specialist, fall survivor, and asker of hard questions.
[8:37] The most common challenge that business owners face is their busy-ness.
[10:23] The need for real discipline and a lasting commitment to growing your business.
[16:14] The benefits of embracing change as it comes to your consultancy.
[21:04] Jon’s advice for building a business and securing new clients.
[24:29] The value of sharing your content and maintaining your relationships.
[29:48] How you can connect with Jon.

Mentioned in This Episode:

Liminal Space

“Everything Is Waiting For You,” by David Whyte

BNI —  Business Network International

Tweetables:

“You’re not going to be able to move forward with confidence and clarity if you don’t slow down and learn how to wait.” — Jon DeWaal

“Disciplines help contain the best creativity.” — Jon DeWaal

“There is a big difference between those who are truly committed and those who are simply interested.”  — Michael Zipursky

“Alertness is the hidden discipline of familiarity.” — Jon DeWaal quoting David Whyte

“There is one thing that cannot be removed, and that is having conversations.”
— Michael Zipursky

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11 Mart 2018 Pazar

NBA Golden State Warriors: Amazing 17min video of the last 8 years

Super entertaining. Watched this 17min video about the Golden State Warriors made by a NBA enthusiast / student / Youtuber. Dom 2K.  Great job – this is really ESPN quality. What was so good about the video? What does this have to do with how consultants think? You might think this is a stretch, but the […]

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8 Mart 2018 Perşembe

Consultant Vs. Consulting Business Owner: What’s the Difference?

Transcript:

Let’s talk about the difference between a consultant and a consulting business owner, because they’re very different, and a lot of people don’t understand the difference.

If you get your client from other agencies, if you work essentially for one main client — typically for a long stretch of time — you might be doing consulting work, but you’re not really what I would call a consultant. You’re a contractor.

If you’re getting your business from other companies that are typically taking a big margin from the work that you do, then you don’t have a business, because the moment that they stop sending you those opportunities, they don’t pass you through to new projects, is the moment that your “business” is gone.

If you really want to have a sustainable, viable, thriving, profitable consulting business, then you must move and shift your mindset from one of a contractor, independent consultant by themselves to one of a consulting business owner.

There’s no business left because there’s no clients, because you haven’t built up an asset. There’s nothing that really can help you in terms of momentum; you have to start from scratch. And that’s both if you work with some agencies that pass you that work or if you have one main client.

We have a lot of consultants at Consulting Success who reach out to us who have been in a position where they’ve been working with one client for a while, it goes really well, they consider themselves a consultant, they think they have a business, then that project winds down — sometimes on schedule, sometimes before schedule — and then they have to scramble to find the next client, the next project. And they’re going from one to the next.

They’re essentially riding what we call a marekting rollercoaster. They have to start again. It’s up and down and up and down. There’s no consistency, no predictability, because there’s no business.

Now, there’s also consultants who are doing consulting work who work for larger consulting firms or even other mid-sized consulting firms. They, too, they may be consultants, but they’re not consulting business owners because they don’t have a business. They’re essentially like a contractor, but they’re doing consulting work. But they’re a consultant within an organization.

It’s very different from being a consultant and business owner at the same time, because if you’re running a business, you have to do certain things to actually have a viable business.

One of those things, which is typically an area of challenge for many, is marketing. You must master marketing and sales. It doesn’t mean you have to have a marketing or sales background. It doesn’t mean you need to be an extrovert. In fact, introverts often have an advantage over extroverts when it comes to sales, which we can talk about maybe in another video.

But it’s interesting because many consultants out there have this mindset that they can simply be good at the work. That they can just be good at providing value to their clients, and that will give them a business. But it won’t. You can go from referral to referral to referral and consider yourself a consulting business owner, and that can take you a certain way. We work with many clients who have done that, and they’ve actually created a fair level of success.

But what always happens … It can take sometimes years for it to happen, but what always happens at some point is, they wanna grow the next level. They want to be able to attract more clients. They want more predictability, they want more [inaudible 00:03:35].

They want to grow or they want more control, they want more predictability, more sustainability, and referrals don’t provide it because if your referrals dry up, if the people who you know stop sending you new people, if something happens to them, if they move positions or countries or whatever, you’re not in control. The only thing that you can control is yourself, and that means the only thing that is gonna control your marketing is what you put into your marketing. What you put into building your business.

So if you really want to have a sustainable, viable, thriving, profitable consulting business, then you must move and shift your mindset from one of a contractor, independent consultant by themselves to one of a consulting business owner. It does not mean that you have to have employees. You can still be an independent consultant, but recognize that you’re running a business, and that in order to have a business, you need to do certain things to grow that business like marketing, like sales, like actually promoting your own brand and communicating to the marketplace, building your authority.

There’s many others, but these are all things that will help you to have a viable business. So when you’re ready to make that shift … And maybe you don’t wanna make that shift. Quite frankly, you can be a contractor. You can just get opportunities from agencies or work within a consulting firm as a consultant. That’s totally fine; nothing wrong with that.

But I’m really speaking to the people who want to build available business, wanna have control of their unlimited income-earning potential. Freedom. The ability to pick and choose which clients you work with. Maximize your fees. That means that you’re going to be a consulting business owner, and so you wanna have the mindset for that as well.

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Satya Nadella advice: bring energy and clarity

Big fan of Satya Nadella, current CEO of Microsoft. Take a look at this 2 min video. I showed this to 200+  business school students recently. Completely worth your time. Energy and Clarity.  Boom. Nadella argues that empathy is core to innovation. How can you meet unmet, unarticulated needs without really thinking, living, being in […]

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5 Mart 2018 Pazartesi

Succeeding As A Non-Profit Consultant with Elizabeth Woolfe: Podcast #26

The importance of trusting your motivation, developing habits of effective networking and capitalizing on your strengths to find greater consulting success.

Description:

In today’s episode, I’m joined by Elizabeth Woolfe, a passionate consultant with a focus on nonprofit organizations in the healthcare industry. There is a common misconception in the consulting world that working with nonprofit organizations means that there are no profits to be had for consultants. Many consultants avoid working with nonprofits for this very reason, and you may be one of them. Elizabeth has joined me today to explain how you can create a thriving, successful consulting business in the nonprofit market. We discuss the importance of using your network, trusting yourself, and overcoming business anxiety. She shares examples of how to effectively ask for referrals and how to grow your business to the point that you can choose the clients you are working for. It’s all in this episode of the The Consulting Success Podcast with Elizabeth Woolfe.

Does Non-Profit Equal No Profit For Consultants?

We start out with Elizabeth sharing the story of how she got connected with nonprofit organizations. She has actually dedicated her career to working with nonprofit organizations once she recognized how greatly nonprofits would benefit from working with a consultant but are often the organizations that are the least able to afford to hire one.

Elizabeth has always been interested in the healthcare industry. While her fear of chemistry did keep her from becoming a doctor, she stayed focused in the healthcare field and has had no regrets about her career path. After earning her Master’s in Public Health from UCLA, she began working with health education in New York. Once she was connected with those involved in the breast cancer movement, her work as a consultant began. She saw a need for more support in the movement and started linking organizations with companies that wanted to help with breast cancer awareness. Elizabeth, like so many other successful consultants, identified a gap in her industry and developed a way to fill it.

When you truly care about making a difference in the success of your client’s work, your intentions will show through. Your clients will be happy to give you referrals because of the trust that they have in you, and the sincere efforts that you are making to serve others.

There is a common misconception in the consulting world that working with non-profit organizations means that there are no profits to be had for consultants, and you may feel the same way. Perhaps you have seen an opportunity to fill a need in your industry but are hesitant because it doesn’t seem possible to get the value you are seeking. Too many consultants avoid working for this very reason, but I think my conversation with Elizabeth will change your mind.

She shares four essential ideas on how you, too, can create a thriving, successful consulting business, either in the nonprofit or for-profit market, in this episode of The Consulting Success Podcast.

Working Your Network

The first essential step to finding success in any industry is to build a network that is filled with people that you can rely on. When Elizabeth decided to start her consulting business, she told everyone she knew about her plan. The trust that people already had in her character and her ability to deliver results brought in some of her first jobs. Even today, almost all of her clients come to her via word of mouth. Her reputation precedes her in all that she does, and the result has always meant more opportunities for work.

By actively working her network, Elizabeth has been able to grow her business and continually entertain project requests. She maintains that by being generous with her time and helping other people find solutions to their problems, she is benefitting as well from the strengthened network. There is plenty of room in the consulting world for more than one person to approach a problem, so she doesn’t consider sharing ideas and working through problems with other consultants as competition. Instead, she has been given even more opportunities and referrals as a result of her willingness to work alongside others.

There is definitely a benefit to taking advantage of tools such as LinkedIn to help with networking, but there is no real substitute for making personal and real connections with people you have actually met and done business with. Introducing your colleagues to other colleagues will extend your reach, and as Elizabeth says, you really never know where your connections will take you until you actually start making them.

Asking For Referrals

If you’ve ever felt unsure of the best way to actually ask for referrals, you need to listen to my conversation with Elizabeth. Consultants generally don’t want to appear too pushy or “salesy” but asking for referrals is one of the best ways that you can secure more work for yourself. This is Elizabeth’s second critical step in finding success in your consulting business.

Once you are deep in the work of your business and effectively connecting with others, asking for referrals should come as a natural part of the conversations that you are having with your clients. Be sure to listen for the specific examples that Elizabeth shares of dialogue that you can use to ask for referrals without putting anyone on the spot or pushing too far.

An important distinction to make when asking for referrals is the reason why you are doing it. In Elizabeth’s case with working with nonprofits, the genuine care and concern that she has for helping these organizations succeed is the driving force behind her requests for referrals. When you truly care about making a difference in the success of your client’s work, your intentions will show through. Your clients will be happy to give you referrals because of the trust that they have in you, and the sincere efforts that you are making to serve others.

Once you’ve pinpointed your motivation, whether or not you actually land the client doesn’t really matter. The genuine care that comes with your efforts will be apparent, and trust within in your network will continue to grow. You’ll want to listen to our conversation as Elizabeth shares the pivotal moment in which she realized that her success was determined by her motivation, and it started when she started feeling especially anxious about her work.

Many consultants deal with anxiety when thinking about the future of their business, clients, and projects. When Elizabeth was faced with these questions, she was given some career-altering advice. She was told the same thing that you will hear me constant telling consultants — trust that what you do is important, use your network, and be confident in the things that your clients are learning from you.

That is really the key to finding success in your consultancy. It is essential that you trust in the work that you are doing for the organizations you are working for, and that you believe in yourself. If you can master this step, you will be able to enjoy the confidence and success that comes as a result.

Finding Balance While Building Your Business

Like many consultants, Elizabeth started her consultancy as a result of wanting to achieve a greater balance in her life. Her desire to spend more time with her family and on her interests instead of commuting and working for other people gave her the push she needed to get started. This desire to find more balance brought with it the need to maintain that balance.  Building your business can become an all-consuming endeavor, but it doesn’t have to be.

Instead of allowing your business to take over you, you have to take control of how you approach it. This is Elizabeth’s third step to success. Marketing, networking, and business development should become a habit that you want to attend to daily. For Elizabeth, this includes participating in educational opportunities such as presentations or webinars that focus on skills development and strategic business planning. Forming the habit of putting yourself in front of prospective clients will support your position as an expert in your marketplace, and you will see greater success in your consultancy as a result.

Any efforts that you make to consistently and proactively advance your business will play a great role in your success. The defining difference between consultants that struggle and consultants that succeed is this: thinking about your marketing and thinking about your business plan is not enough. Implementing your plan and working on it day in and day out on a consistent basis will bring you success. As you feed your business engine daily, it will start to gain momentum and you will take your consultancy to the level that you can select who you want to do business with.

Capitalizing On Your Strengths

As we continue our conversation to explore some of the anxiety-inducing facets of consulting, Elizabeth shares some very wise counsel that is her fourth step to consulting success. It is critical that you truly know who you are, what you are good at, and what you enjoy doing. When you focus on these things, you will propel yourself toward success faster. If you overextend yourself or try to branch out beyond your skill set and focus on other things, you may be faced with unnecessary anxiety about your weaknesses and potential failures.

Elizabeth shares some of the strategies that she uses to deliberately focus in on her strengths while also allowing herself opportunities for growth. You’ll want to hear her checklist for ideas of ways that you can expand your skill set, education, and expertise as well.

Every consultant knows how tempting it can be to take any project that comes along, even if it’s not a great fit for your skillset. In my conversation with Elizabeth, you’ll remember why this is always a bad idea. If you really want to grow your business to the point that you can pick and chose the kinds of ideal clients that you want to work with, it is essential that you learn to say no to the ‘wrong fit’ projects.

If you can’t do this you may end up doing work you don’t like with clients you don’t want to be working with. I can promise you that you will do your best work when you are able to charge the highest value for the best clients that you actually want to be working with.

Intuition Consulting is the company that was born from Elizabeth’s ability to assess the best clients, the best projects, and the best value of work. By sticking with the standards she has set for herself, she can easily say no to the rest. Her success shows that this approach to business is always the best one, and you won’t want to miss out on the experiences and knowledge she shares that prove it, in this episode of the Consulting Success Podcast with Elizabeth Woolfe.

Key Takeaways:

[:20] Meeting Elizabeth Wolf, passionate and successful nonprofit organization consultant.
[5:05] How your relationships will positively affect your consulting success.
[9:03] Effective ways to ask for business referrals.
[14:03] Building your confidence, trusting your motivation, and believing in yourself.
[17:52] The importance of forming productive business and networking habits.
[22:23] How to capitalize on your strengths to secure your success.
[25:32] The importance of working with coaches and mentors.
[26:23] Connecting with Elizabeth Woolfe.

Mentioned in This Episode:

Intuition Consulting

Elizabeth Woolfe on LinkedIn

Tweetables:

“It’s all about relationships. … I have great relationships and an incredible network that delivers for me.” — Elizabeth Woolfe

“Almost all of my clients come to me via word of mouth.” — Elizabeth Woolfe

“Trust that what you are doing is important for the audience that you are doing it with and for.”  — Elizabeth Woolfe

“You should really know who you are and what you are good at.” — Elizabeth Woolfe

“If you really want to work your business to a place where you’re able to attract your ideal clients, it’s essential that you say no to the wrong kinds of clients.” — Michael Zipursky

Succeeding As A Non-Profit Consultant with Elizabeth Woolfe: Podcast #26 is a post from: Consulting Success



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4 Mart 2018 Pazar

Only 38% of US publicly-traded companies are profitable

Finviz is a great way to filter stocks. It’s free. It’s like Bloomberg-lite for the non-investment bankers. It shows all the stocks traded in the US (including foreign ADRs like HMC, PHG etc). Here is an exercise (as of 03/04/2018): 1) How many stocks are traded in the US (NYSE, AMEX, NASDAQ)? 7159 2) Of those 7,000+ stocks, […]

The post Only 38% of US publicly-traded companies are profitable appeared first on Consultant's Mind.



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26 Şubat 2018 Pazartesi

3 Steps To Building A Stand Out Portfolio With Emma Sharley: Podcast #25

How to build up your portfolio, keep your momentum going, and find the critical work-life balance.

Description:

On this episode, I’m talking with Emma Sharley, an experienced and very successful brand and marketing consultant in Australia. She works with retail, technology, and lifestyle client companies on setting up market and brand strategies, brand positioning, transitioning markets, and marketing new products lines. She also has a complementary start-up in the retail technology sector called ShopYou, which she co-founded in 2016. Emma has worked with both large corporations and smaller operations, and she’s joined me today to talk about the keys to success that have taken her consulting business to the next level. She shares three major tips for building out your portfolio, finding the all-important work-life balance and — you’ll have to hear it to believe it — why 4 a.m. is the magic hour for her most effective work. It just may inspire you to start waking up early as well, and it’s all in this episode of the The Consulting Success Podcast with Emma Sharley.

Transitioning from Employee to Consultant

Prior to beginning her successful consultancy, Emma worked in sports marketing, fashion retail marketing, and telecommunications with companies in England including Westfield, Diane Von Furstenberg, Westpac, and T-Mobile. After returning to Australia, she worked mainly with marketing with fashion retailers, where she identified a need from retailers for accessible consulting and marketing advice. Following her entrepreneurial drive, Emma started her own consulting business and now works independently with retail, technology and lifestyle companies.

As Emma points out, your network looks completely different as a consultant than it does when you are someone else’s employee. There is great value that comes with building up a network of consultants and independents to help support each other and bounce ideas off of each other.  Attending events that connect you with other such consultants will be of great value to your network.

The transition from employee to consultant for Westfield was made easier in part by the relationships that Emma had made in her first seven years with the company. I always recommend to consultants that are just starting out to try and secure work with previous employers whenever possible, and Emma is proof of the validity of this advice. You have already proven yourself to them and you are probably already aware of the needs within the company. By positioning yourself in such a way that you can continue to serve the needs of the company without working as an employee, you have easily created your first consulting project.

Emma’s first project as a consultant with her employer entailed launching a new product into market, which she worked on for five months. During that time she focused only on that one project. By scaling back on her overall involvement with the company, she was able to increase her value to the organization as a consultant.

Emma describes a valuable consultant as someone who brings a single focus to the outcomes that you are delivering. By allowing yourself to focus on one project, there is less noise and fewer distractions to keep you from completing high-quality work. The success she achieved on this first project then gave her the confidence she needed to approach other companies, and ES Consulting was born.

Three Steps to Building Your Portfolio

Emma shares the steps she took to successfully build her portfolio after securing her first client.  First, she set up her own channel on LinkedIn and Twitter and began confidently sharing content with the world. Anytime that you can begin to build a relationship of trust with potential clients, even before your first meeting, you are building your portfolio. If people know what they can expect from you based on the content you have shared through social media, they will be more likely to approach you to fulfill their business needs.

Emma also started attending more events — a feat that was made easier by no longer being tied to her employer’s meeting schedule. Whenever possible, she took advantage of opportunities to build her network in the tech and fashion industries, and partnerships have emerged from her efforts.

As Emma points out, your network looks completely different as a consultant than it does when you are someone else’s employee. There is great value that comes with building up a network of consultants and independents to help support each other and bounce ideas off of each other.  Attending events that connect you with other such consultants will be of great value to your network.

The third step, like the others, is one that you have heard me recommend many times. Building a better portfolio means that you have to position yourself as an expert in as many ways as possible. For Emma, this meant teaching with General Assembly and hosting workshops around digital marketing and brand and marketing technology. In this setting, she is able to share her knowledge with a more intimate group, with just 15 to 20 businesses present, and it was here that she was able to develop and refine her positioning and the value that she has to offer.

By meeting so many businesses in the first few months as a consultant, Emma was able to really understand where she wanted to position herself. The key expanding a successful portfolio is that she did the work and put in the time. She put herself out there and favorably position herself within her field of expertise. She clearly stated the kinds of industries she wanted to work with and how she would work with them, which set both parties up for success long term.

By following these steps and making the same commitment to growing your business, you will create for yourself the opportunity to experience the same kind of success as Emma. Be sure to listen to her story for ways that she found these opportunities and used them to build a stand-out portfolio.

Overcoming Early Challenges

Once her consultancy started taking off, one of the greatest challenges Emma faced in the early stages was accurate pricing. Her answer didn’t surprise me one bit — many new consultants deal with this same issue. Placing a monetary value on your time can be a difficult problem to solve, especially if there is no known pricing structure that you can model your pricing after. It is essential that you know what your weekly time and efforts really look like so that you can more effectively price your time for your clients.

Emma encourages new consultants to not overlook this major aspect of successful consulting.  Yes, it can be difficult to know where exactly to place your pricing at first, but it is essential that you take the time to get it right.

Another hurdle Emma faced early on was finding the right people to work with. There is a vast variety of work that consultants can offer businesses — but you can’t offer everything to everyone. It is critical that you set yourself up for success by connecting with the people that best fit with your skill set. This does take time, but like all of the legwork that you put into your consultancy, the rewards will come quickly if you do it right.

Emma shares some of the ways that she has positioned herself for finding like-minded people and has secured new clients as a result. One of the most effective ways of doing this is by organizing events. By bringing people together to talk about the latest developments in the industry, connections are easily made and new clients often appear soon afterward. Tools like meetup.com can help you organize these kinds of events locally, and these collaborations can have a great impact on your network. You’ll want to listen to our conversation to hear how exactly she made this tool work for her.

Finding Balance and Maintaining Momentum

When I asked Emma about the one thing that she had to figure out before she really started enjoying her consulting success, her answer came quickly. You have to set yourself apart. In any industry, your reputation is everything. People want to do business with you based on who you are. Cultivating your personal brand is essential to set yourself apart in your industry and your marketing and content will sell your expertise for you — if you do do it right. When potential clients can get a good feel for who you are and what you have to offer them, you are establishing a relationship of trust before the first contact is ever made.

Additionally, as we discussed before, placing a high value on your time is vital to your success.  For Emma, that means starting the critical focus work at 4 a.m. every day. Blocking out half days or whole days on her calendar — rather than scheduling her work down to the hour — actually enables her to accomplish more work over the course of each project. For anyone who is selling their time, it is critical to determine how to make the most of it throughout the week. You’ll want to hear the details on how this works best for Emma.

Just as important to this is finding ways to step away from the work so that you can exhale. If you are constantly in high-stress work mode, you won’t be able to perform to the best of your ability. Finding ways to balance your work with the other facets of your life is far more effective than constantly operating in deadline mode.

I often observe consultants that think they are too busy to effectively balance their work with personal life, family, or their health. Guaranteed, the first thing that takes a hit when consultants aren’t maintaining a good balance between work and personal life is their marketing. Your marketing is the key to the forward momentum of your business. If you don’t take the time to step away from your business recharge yourself, your work will start to coast. It’s like a car — your business can coast for a period of time, but if you don’t step on the gas, the car will eventually stop moving forward. It’s critical that you find a way that works for you to keep the momentum going.

Prioritizing Your Day

Emma shares the reasons why waking up at 4 AM has been a game changer for her success.  From fitting in exercise and feeling more energetic to maximizing her most creative hours so that she can consistently deliver her best effort work to her clients, Emma has found what works for her and is using it to her advantage. By ensuring that the high priority items are finished at the start of the day, she’s more readily available to handle whatever else the day may throw at her.

My newest book The Elite Consulting Mind is a perfect example of the kind of work that can emerge as a result of harnessing your most creative hours. I rented a hotel room for a few days, removed myself from my family and from other external distractions and was able to make great headway in my book.

For some, creative hours can be found in a new environment, whether it be in a coffee shop or in a new town, and for others, creativity comes in a different time of the day. If your days seem too long with not enough creative work getting done, you just may want to try Emma’s advice of utilizing the early hours of the morning. Whatever it may be, try something new, pinpoint what works and then make it work for you.

I can promise you that the success that follows will make your efforts worth it. Building out your portfolio means expanding your network, positioning yourself as the authority, and then protecting yourself so that you can be the most successful consultant you can be. It’s worked for me, and you can hear how it’s worked for Emma, as well as how to connect with her in this episode of the Consulting Success Podcast with Emma Sharley.

Key Takeaways:

[:14] Introducing Emma Sharley, Australian brand and marketing consultant.
[5:27] Making the transition from employee to consultant.
[7:21] Building your portfolio starts with tapping into your network.
[11:35] Overcoming the early challenges of setting up a consultancy.
[14:08] Ideas for securing additional clients through networking.
[17:00] Finding the critical work-life balance.
[22:04] Why waking up early means success for Emma.
[28:34] Connecting with Emma Sharley.

Mentioned in This Episode:

ES Consulting

Shop You

Emma Sharley on General Assembly

Meetup.com

The Elite Consulting Mind

@emmasharley on Instagram

@emsharley on Twitter

Emma Sharley on LinkedIn

Tweetables:

“Transitioning from employee to consultant really opened my eyes to the value a consultant can bring.” — Emma Sharley

“Your network is extremely different when you consult in comparison to when you’re working for someone.” — Emma Sharley

“Reputation is everything. … People want to do business with you based on who you are.”  ?— Emma Sharley

“It is so critical to find your ‘holy time.’” — Michael Zipursky

 

3 Steps To Building A Stand Out Portfolio With Emma Sharley: Podcast #25 is a post from: Consulting Success



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