Archive for: July, 2023

Management Consulting – Skills Needed to Breakthrough in Management Consulting

Jul 08 2023 Published by admin under Uncategorized

Management consulting is the practice of helping organizations improve their overall performance by analyzing the problems they are facing and by developing action plans for improvement. This is one of the most lucrative fields in the business world today. If you want to start a career in management consulting and later on, succeed in this field, it’s imperative that you possess the following skills:

1. Listening skills. As a consultant, you’ll be expected to work closely with your clients. To easily understand their needs and demands, make sure that you listen to them intently especially when they are talking about the existing business problems. Take notes if needed and encourage your clients to go on details. It’s important that you get all the angles of the problem so you can offer the best solution.

2. People skills. If you hate working or meeting different people on a regular basis, management consulting might not be right for you. This endeavor will require you to mingle and collaborate with different individuals. Its better if you are comfortable having different company from time to time.

3. Confidence. As a consultant, you’re supposed to be someone who knows the ins and outs of the industry. Someone who can offer solutions or recommendations in a heartbeat. If you don’t want your clients to doubt your expertise, make sure that you project confidence each and every time. You must be certain on everything you say or do.

4. Problem-solving skills. Obviously, you need to have the capability to analyze and resolve problems being faced by your clients. You must have the ability to understand the pressing issues and you must know how and when to resolve them.

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Management Consultant – Understanding What Exactly Management Consultants Do

Jul 08 2023 Published by admin under Uncategorized

Management consultants are usually hired by organizations to improve their profitability and efficiency. Consultants are expected to identify the problems (and solve them) and sometimes they help in streamlining certain procedures to help their employers save some money from their day-to-day operation. Alternatively, their role maybe broadly defined and might include reorganizing a multinational corporation or giving expert advice in creating new jobs and eliminating some.

Management consultants are expected to be accomplished analysts in order to excel in this field. Also, they must be tactful communicators and great listeners. They must be able to think on their feet and they must have that convincing power to get people to change if it is needed.

Depending on the projects that they are handling, consultants may visit their employers’ site on a daily basis so they can get a feel on how the business is being run and so they’ll become more familiar with the existing processes. They maybe also asked to talk to management staff and their subordinates to get a clear picture of the problem or areas of opportunities.

There are no specific academic requirements for people who are aspiring to become management consultants. However, nearly all employers are leaning towards hiring those people who have at least a college degree in mathematics, business, computer science, economics, and logic. They also prefer those people who have already proven track record in this field and who have attended numerous relevant trainings. Obviously, these organizations will not settle for anything less as they would want to get great value for their money.

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How Do You Choose the Best Marketing Consultant?

Jul 08 2023 Published by admin under Uncategorized

In my life I have never attempted to repair an automobile. I have no facility for mechanics, no interest in fixing things and no curiosity about what makes engines tick. I have simply recognized my limitations as a backyard mechanic and take the wounded vehicle to professionals for proper care.

Most people are similarly limited in certain skill areas, while gifted in others, much like me. My career as a Marketing Consultant and Consumer Product Development specialist has introduced me to 1000′s of potential clients. Most have never undertaken the challenges inherent in Marketing a new product or service, or starting a new business. They often recognize that they need help, but they often need to ask: what is the best way to uncover the right consultant for a specific project?

Here are several tips for securing talent that will save your project time, mistakes and money when choosing a Marketing Consultant:

- Meet Face-to-Face
- Look at their work product, PR, past strategies, designs
- Ask about the products they have launched themselves
- Ask about patents they might have owned
- Only deal with specialist firms-if you have a consumer product, do not hire an agronomist or civil engineering consultant
- Have they won industry awards
- References are nice, but really, who gives bad references
- Quality Consultants are Fee Based, discover pertinent fees
- Make sure they will sign a Non-Disclosure Agreement (NDA)
- After signing the NDA, describe your concept, prototype, etc.
- What specific, off-the-cuff strategies does the consultant propose
- Do the strategies proposed seem cogent, offer fresh perspective

After conducting the above due diligence, repeat the process with at least two more candidates. Keep notes, even record the meetings. Do not allow any high pressure, walk if this occurs. Then collate your thoughts, confide in trusted advisers and weigh the best features of each firm. The choice will be most obvious in every case.

Geoff Ficke has been a serial entrepreneur for almost 50 years. As a small boy, earning his spending money doing odd jobs in the neighborhood, he learned the value of selling himself, offering service and value for money.

After putting himself through the University of Kentucky (B.A. Broadcast Journalism, 1969) and serving in the United States Marine Corp, Mr. Ficke commenced a career in the cosmetic industry. After rising to National Sales Manager for Vidal Sassoon Hair Care at age 28, he then launched a number of ventures, including Rubigo Cosmetics, Parfums Pierre Wulff Paris, Le Bain Couture and Fashion Fragrance.

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How to Know If Your Phone Campaign For Freelancing and Consulting Assignments is Working

Jul 08 2023 Published by admin under Uncategorized

I recently received an intriguing comment on my blog. It raised a question I’ve asked myself many times over the years, and I continue to fine-tune my answer.

First, an excerpt from the comment:

Based on call results, how do you know you’re either working with the wrong list or giving the wrong pitch? I’ve just started using your methods and have done only 20 calls. I left about 19 voicemails. I don’t know how many will call back. If I get one callback, or none, or a bunch-what does that tell me? Should I modify the pitch? Is 100 calls enough to know?

Three steps to success
Before I get into specific answers, let’s review the three steps of the Stand Up 8 Times system:

1. Go after assignments similar to your last good job
2. Approach the best prospects directly, most likely by phone
3. Get real! Define “quickly” as 30 days, not 30 minutes.

Going for the large numbers

For this system to be most successful, it depends on large numbers.

That’s because the system is proactive. You select people to call because they meet your criteria, not because you know that they need your service at this time.

You select the best person at the best company in your industry to call. But that in no way means that they hire freelancers or consultants to provide your service. And even if they do, it does not mean they need your service at this time.

The specific large number I recommend is 1,000. That’s right. Three zeros!

The way to accomplish this is to call 50 people per day for five business days per week for four weeks. In other words, it’s 20 days of calling. The system also works as an ongoing business builder, but the fewer calls per day, the slower the results.

In practice, I have never made this many calls. Work always kicked in long before I reached that number, at which time I modified my calling routine to fit it into my busy workload.

Still, when you extend your time horizon to 30 days, you inject an element of reality into your expectations. In fact, your results may well exceed your expectations.

It’s like when the airlines improve their odds for on-time arrival by extending the scheduled time slot for the flight.

The 1,000 number is for those who are highly motivated to earn money quickly. Alternatively, it is for those who are desperate. (The two situations can be pretty similar in real life.) Either way, it is a course of intense action to obtain paying results soon.

The two questions you should ask

Here are two better questions to ask in evaluating your efforts:

1. How long in calendar time will it take to get results?
2. What else would you do with your time to get work if you were not making these phone calls?

How long in calendar time will it take to get results?

We would like to think that potential hires are sitting at their desks shuffling papers until we call. When we suggest our services, they spring to action, relieved to find the answer to their prayers. So of course, they take our call. Unless they are not at their desk. In which case they call immediately after their 3 p.m. run to Starbucks.

Believe it or not, the people we call do not have returning our call as their top priority. A few are curious and will call back immediately. Some are interested, but having no need now, they file our names away without getting back to us. Some are out of the office for two weeks and won’t pick up our message until the following week. Some may refer us to others who need our services without letting us know. (Yes, it has happened to me. The person I was referred to called about a year and a half later.)

The first days of phoning are the most frustrating. You mostly talk to voice mail and no one calls back. Several days into the process, you start to get a few callbacks, soothing your fears that your calls are not landing with anyone at all.

So it takes days or even weeks to get positive responses, regardless of how many calls you make on Day 1.

What else would you do with your time to get work if you were not making these phone calls?

If you have something more effective in mind, take a break from phoning and try it out.

Or are you considering any of the following?

Giving up on freelancing / consulting and getting a “real” job. If you hate marketing of any sort, this may be just right for you. Face it. Freelancing and consulting will require eternal marketing. Or until you retire. Whichever comes first.

But what if you are trying to freelance because you can’t get a job? Giving up on freelancing / consulting doesn’t automatically solve your employment problem.

Instead, if you want a regular job, keep applying while you phone. There’s no conflict between the two.

Networking, either in person or online through Twitter, Facebook, LinkedIn, etc.

I assume that if you have started on any of these or similar services, you’ve already used these channels to publicize your freelancing / consulting. Maybe not for hours every day, but you have emailed family and friends and posted update notes to your online profiles, haven’t you?

These channels are built on know, like and trust. They’ll take much longer than 30 days to generate income, most likely.

And if you are going to switch over totally to these channels, what are you going to do differently to get business and convert social connections into paying assignments?

Watch TV?

Many people have taken this route. I confess, I’ve done it too.

My favorite diversion is America’s Next Top Model marathons. What’s yours?

The days will pass whether you phone or not. If you don’t have a more effective marketing technique, stay with the phoning.

Now let’s back up to the original question:

How do you know you’re either working with the wrong list or giving the wrong pitch?

You know if you are working with the wrong list or giving the wrong pitch because you are going after assignments similar to your last good job. You don’t have to talk to prospects to determine their needs because you have spent years toiling in their industries and in their functional areas.

You already know what they need and how they perceive their problems and what keeps them up at night. Sit back and remember what your boss used to complain about over coffee. What he or she requested more of in performance reviews and annual objective-writing sessions.

The voice mail messages you leave and to which no one has responded teach you nothing. Unless you are a mind reader.

There are a few people who will talk to you but do not need your services. Because this number is small and because they have talked to you, it is very possible to put too much credence in what they tell you and overly rely on it. And since their answer contains a “no” or at least a “not now,” it is easy to become unreasonably discouraged.

They may say they don’t need you because they do the work themselves. Or they laid people off so why would they hire a freelancer. Or they have no business coming in. Or they can’t spend the money.

However, the next person you phone may hire you because they are too busy doing the work themselves. Or they need a freelancer because they had to let their employees go. Or they want to expand their marketing, product development, etc. to generate more business. Or they have to spend the money because they have an intense need for your services.

You will get assignments, or at least questions about services they may need within a few months. This is the input that most helps you shape future marketing.

I know, kind of frustrating that you don’t get the input you need until you get assignments that somewhat relieve the intensity of your questions. That’s life.

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How to Sell Consulting – Revealed – 5 Top Steps to Accelerate Your Consulting Sales

Jul 08 2023 Published by admin under Uncategorized

Sometimes businesses have very specific problems. When they have these particular problems they look for experts to solve those problems. Those experts are called consultants. As a consultant, while you continue to promote your business, there are already people looking for knowledge you know that will help them solve their particular problems. When you share this knowledge you increase profits. Revealed – 5 top steps to accelerate your consulting sales.

1. Make your ex-boss your customer. Your ex-boss already knows your capability levels. Perhaps you could convince him or her to outsource some work to you using your skills that can benefit them.

2. Volunteer in the community using your consulting skills. This is an easy way to connect with people who can perhaps be a future prospect for customer. When you volunteer in some community event using your business skills, amazing things can happen.

3. Offered to conduct a community education class. This is a good way to get publicity through the community college or facility sponsors a community education classes. They often publish catalogues to thousands of homes and businesses in your community. This stays you hundreds or even thousands of dollars in advertising costs because your name is in the catalog.

4. Be approachable. People like to work with business people that are down to earth and easy to work with.

5. Create a marketing plan and follow that plan. As you create a reasonable marketing plan for yourself to promote your business, you can see which sales approaches benefit you the most in increasing your consulting sales.

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