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One of the most frequent questions I receive from those who are trying to start or grow their own consulting business is: "How and what do you charge clients for your consulting services?"The ways of billing clients are numerous. There are hourly rates, by-the-job fixed rates, contingency or performance arrangements, flat fee plus expenses, daily fee plus expenses, and many other methods of charging for your consulting services. Which one is best?Let us consider some ...

How Do You Set Consulting Fees?

How Do You Set Consulting Fees?One of the most frequent questions I receive from those who are trying to start or grow their own consulting business is: "How and what do you charge clients for your consulting services?"The ways of billing clients are numerous. There are hourly rates, by-the-job fixed rates, contingency or performance arrangements, flat fee plus expenses, daily fee plus expenses, and many other methods of charging for your consulting services. Which one is best?Let us consider some ways of billing for your time.1. Hourly or Daily RateMany consultants charge by the hour or day. To establish an hourly or daily rate, they try to calculate the number of billable hours in a year. Many hours will be spent marketing and in administrative and other functions, so this time is not chargeable to the client. As well, vacation time, holidays, sick days, and so on, can not be directly billed to the client.Consultants, like other businesses, must charge enough to cover their overhead expenses and also earn a profit. If a consultant wants to earn twenty-five dollars per hour of working time, he (or she) might have to charge one hundred dollars per hour to the client. This assumes one half billable hours and fifty percent overhead and profit.Your hourly or daily rate may be limited by what your competition charges, especially if you have not positioned yourself as different from them.2. Fixed or Flat RateSome consultants charge by the job or a flat rate. For example, a tax consultant might charge three hundred dollars to prepare a tax return for you and your spouse, including an unaudited income statement for your business from information supplied by you. If the consultant takes only one hour to do this, he grosses three hundred dollars per hour. If, though, the tax consultant miscalculates the time required, he could take twenty hours to complete the job and make only fifteen dollars per hour.Of course, consultants can also make a profit on the labour of their employees or subcontractors.Many consultants claim to make more on a flat rate than on a hourly basis. Advantages include being able to give a quote to the client up front and less disputes on price (as the total bill was agreed upon in advance).To protect yourself on flat rate assignments, always limit the scope of your engagement to something that you can calculate easily.For example, if you are asked to give a quote for setting up a website for a business, you might break this project into smaller assignments.First, you could give a quote for preliminary research and recommendations. Estimate the time required to meet with the client, learn about his business and goals, develop strategies and a budget, and prepare recommendations on how to proceed. Then, give the client a quote (perhaps in the form of a one page letter agreement or proposal). Upon acceptance of the offer by the client in writing, you may proceed with this phase of the project.Some consultants collect one-half of their fee up front and half upon assignment completion for each phase of the consulting project.If the client doesn`t like your recommendations, at least you get paid for the work you did. Perhaps you can charge him to prepare alternative suggestions.If your website project was not broken into smaller steps or assignments, you could find that you spent way more time on the project than anticipated.Also, you might not find out until you present your bill for the whole project that your client won`t pay, either because he is not satisfied with the results or because he is unable or unwilling to pay.Breaking down a project into smaller assignments helps you estimate more accurately and limits your financial exposure.3. Contingency or Performance ArrangementsSometimes clients will ask you to become their partner. If you do, you are no longer an objective consultant.What if your client asks you to do management consulting for twenty-five percent of the net profits? Will there even be any profit by the time he writes off his car, home office, entertainment, travel, wages to self and family members, and other expenses?On the other hand, if you are a marketing consultant that is absolutely certain that you can increase a client`s sales, you may feel confident charging a fee based on the increased sales volume of the client. Are you sure your client will co-operate with you in the attaining of this goal?Some consultants charge a flat rate plus a percentage of ownership or profits for their services.Fees based on contingency or performance arrangements are risky. Most consultants are better off charging a fair price for their services and leaving the risk of the client`s business to the client.4. Value Based FeesSometimes consultants can justify fees based on their value to the client. For example, if you save a client one million dollars in taxes, your fee may be higher than normal to reflect the value of the services rendered.You might pay an accountant or lawyer a fee of fifteen hundred dollars based on time for certain tax related services. What would you be willing to pay to legally save an extra million dollars in taxes? Ten thousand dollars, one hundred thousand dollars, or more?Can you apply this information to your own consulting practice? Is there some particularly valuable service that you can render that would justify premium rates?However and whatever you charge, be sure that your fee is a good value for your client and also compensates you fairly.

Implementation Plan Using Account Payable Software

Implementation Plan Using Account Payable Software

This article seeks to give you a solid knowledge base regarding the subject matter at hand, no matter what your previous experience on the topic. Developer of practice management, general ledger, accounts payable and receivable, financial reporting, payroll, tax reporting, auditing, continuing education tracking and interfacing software. The report recommends a phased implementation plan using PeopleSoft financial software modules for general ledger, accounts payable, purchasing, asset management and accounts receivable. RSA Software - Business solutions accounting software which includes sales invoicing, accounts receivable, accounts payable, general ledger, payroll and costing. With this accounts payable software, you can make payments to suppliers in any currency, or mix of currencies, as invoices become due for payment. The accounts payable software assigns the (default) due time for each invoice based on the vendor%u2019s terms. A extensive software platform for accounts payable and figures capture, forms scanning and processing, handwriting wording recognition, from input to output. Skills required contain knowledge of accounts payable procedures, computerized accounts payable software functions, 10-key by trace and figures entry. Features: Get extensive visibility with accounts payable software into each procure order (PO), receipt and invoice. Goldenseal is integrated software, which means that you get more than just accounts payable when you penetrate expenses. Our hosted imaging integrates with all vacant accounts payable software products. MDI's Accounts Payable software gives you information that helps supervise your coins flow more efficiently than ever before. As we take a closer look, keep in mind all of the useful and important information that we have learned so far.If you have found our database of information on this subject useful, read some of our other topics as well.http://www.accounting-master-degree.com/account-payable-software/

How To Choose Your Temporary Office Space

How To Choose Your Temporary Office Space

If you need office space, but you don't want to pay for a year or more lease, then you should look into renting temporary office space. For what ever reason you need "temporary office space" for, maybe your office is being painted, or your looking for a new location, there are many places that will offer you just what you need to get your business started or to keep your business going. If you are looking for an individual office or several individual offices, many dealers offer the flexibility, value and image your looking for your business. You want to look for someone who can provide your business with professionally staffed office if necessary on a full or part time basis. Many companies will have lease terms that will allow you to lease for the week, month or year. Often temporary office space services offer secretarial services, high speed internet access, phone service, furniture if needed, and conference rooms. If you want to create a professional appearance for your business, then take advantage of the many services that can be provided for you.You want to choose a service that can provide a full office environment and all the things your business needs to be successful, even if you only need temporary office space for a few months. Here are some things you should look for. Suitable and prominent locations Flexible lease terms Personalized telephone answering services with voicemail Information about the local businesses Mail receipt and distribution On site administrative or secretarial support if needed A fully equipped kitchen if neededLook for services that can offer various configurations to suit your needs that will not acquire any of the costly setup fees involved in traditional office space for rent. Choose from a single-person office, a large executive office, a team office or an open floor plan that can be fully furnished and equipped if you choose. You want a temporary office space service to support all of your business needs. In order to make your business a success, is location, location, location. There is no sense in leasing temporary office space to run a printing and copy business in an area surrounded by other printing and copy businesses. Too much competition will sink start up businesses before one even gets the door open. Instead you need to find your temporary office space in an area that has a need for the type of business you have. If one can't seem to be found right away, it may be worth your while to wait a couple weeks and then go hunting again. In most large cities and even not so large cities, seem to have builders and contractors building new sites of office spaces all the time. Timing is also a very important factor when searching for good temporary offices space. You don't want to open a new business during the slowest time of the year and expect things to take off.

Laptops: in the 21st century

Laptops: in the 21st century

Laptops:the new age communication A laptop computer or simply a laptop is a small mobile computer that usually weighs from 8 to 16 pounds. It usually runs on a single main battery that can also be connected to an external AC/DC connector. A laptop has small components that have been optimised for mobile use and efficient energy consumption. A laptop computer can generally perform all the tasks that a regular computer can do, but they are typically more expensive than a desktop computer.although the prices are rapidly falling among the major production manufacturers. Many laptops come equipped with a 9 volt battery that will keep the device running for quite some time in case of a power failure so that laptop computer users can complete there urgent tasks quickly. Laptops usually have liquid crystal displays (LCDs) and most of them use different memory modules to access their random access memory (RAM). They have a built-in keyboard and many of them come equipped with a touch-pad. A pointing stick or an external mouse can also be attached to the device. These days, manufactures have released several new models of cheap end laptop computer into the markets.These cheap laptops are a big hit among the masses. Earlier, only high profile business people or executives were the only ones that could afford to buy a laptop computer. But people of all walsk of life can now purchase these at retailers in the market these days. Thanks to the big competition in the mobile computing market, manufacturers are rolling out a updated model of a cost effective laptop computer every now and then.Gone are the days when only high profile business people and executives could afford to buy a laptop. Now, several models of cheap laptops are available in the shops. Retailers across the UK have come up with many attractive cheap notebook deals. These deals have made it possible for students, youngsters and housewives to own a laptop computer of their own. The prices of laptops are bound to fall further in the future. Laptop computer www.discount-notebooks.net

How to Apply for a Job Online

In an increasingly online marketplace, applying for jobs often means sending your resume and cover letter electronically. Some companies have online application forms right on their Websites. Here, you can choose the job you wish to apply for, plug your work experience, skills, and education into online fields, then submit this information with a single click of a button.Online application forms differ from another and will require different information. For example, some companies ask that you "copy-and-paste" "your resume" and "cover letter" into two fields. Others ask that applicants fill in multiple fields such as "work experience," "education," etc. Still others ask that you do both-submit your resume and cover letter, and fill in fields that require the same employment-related information.Whatever type of "online application" form a company might have, be sure that all your information is posted in one field or another. Don't be afraid to repeat information, especially if the form requests a resume and a separate breakdown of your work history. Your information will be automatically uploaded into an online database, where hiring managers will likely scout for keywords. The more times your keywords come up, the better.While some companies-especially large ones have online application forms, many others simply ask candidates to e-mail their application materials to the appropriate person or to a general employment address like "hiringmanager@anycompany.com." Here, caution is warranted. Be sure to send your resume and cover letter exactly as the hiring manager requests. Some employers prefer that the resume and cover letter be attached as separate documents (usually in a Text Only format or as Microsoft Word documents). Other employers want the cover letter to be in the body of an e-mail, but the resume to be attached separately. Still others prefer that both the resume and the cover letter be pasted into the body of an e-mail. For the latter, be sure that your documents are easy to read. Resumes, which have a rather complicated format, often look messy when they are transplanted into the body of an e-mail. Says recruiter Beth Camp: "If you e-mail a resume, it has to look as good as a written resume. I would advise sending a resume both as an attachment and in the body of your e-mail." This is a good way to sidestep a possible formatting fiasco. Another way is to send your resume and cover letter electronically, then to send hard copies as well.Some jobseekers opt to purchase domain names and to create their own Websites for the purpose of putting their resumes (and other application materials) online. The advantage of formatting your resume using HTML and making it a static Web page is that anyone can see your resume in its proper format simply by visiting your Website. Thus, instead of mailing or e-mailing your resume every time you want someone to see it, you can simply give the interested parties the right web address and they can find it for themselves. An added bonus of having your resume on a Web page is that you may attract the interest of recruiters and employers whom you hadn't even considered. To make downloading online application forms easier, you may want to include on your Website copies of "online application forms" in PDF (portable document format) and Microsoft Word files.Unfortunately, there are downsides to putting online application forms on a Website. One downside is that your information becomes accessible to everyone, even unwanted visitors. For this reason, you should never disclose your home address, social security number, or any other personal information. Another downside is that not all hiring managers will go out of their way to visit your Website. Even if online application forms is only a click away, many hiring managers would nevertheless prefer that you mail or e-mail it.In terms of how you send your application materials, it would be unwise to go against the explicit wishes of an employer. For example, don't send an attachment when copy-and-pasting is requested. Some companies shun attachments because they fear getting a virus, or because they don't have compatible software, or because they simply don't want to be bothered with the extra step of opening a document.When assembling "your application" materials and putting them into an e-mail, don't fill in the "to" field until you are finished. It's all too easy to accidentally send a half-finished e-mail to a company, thus eliminating your chances of making a decent first impression, and most likely, of getting an interview. If you were asked to copy-and-paste online application forms and cover letter, be sure to scan the final outcome at least once for formatting problems, then to use a spell checker a final time.If you are attaching your documents, be absolutely sure you are attaching the right versions (i.e., the company-tailored and updated versions) to the employer. Also, be sure that they are labeled in a professional way. One jobseeker laments his decision to save different versions of his resume under headings like "Resume for Strategic Sourcing Jobs." Says the jobseeker: "I was applying for three different types of positions. But I didn't want every prospective employer to know that. By labeling my outgoing resumes the way I did, I pretty much broadcasted the fact that I didn't have a clear career direction." Probably the best strategy for saving online application forms is to do so under your name only (example: Simone Piette resume) or under your name and the name of the company (example: Greenfield resume from Simone Piette). Be sure to say in your e-mail what you have attached, and also, what software you've used. For example, you might say in the body of your e-mail: "Please see my attached resume in Microsoft Word version 2002."Before a hiring manager even opens your e-mail, she should know exactly who you are and which job you are applying for. In the "Subject" line, write your name, the position name (and job number, if listed), and the contents of your application (example, "Simone Piette resume and online application for Executive Assistant Position").If you've been referred to a position by another person, be sure to "cc" (carbon copy) or "bcc" (blind carbon copy) your reference when you apply. That is, add that person's e-mail to the "cc" or "bcc" field, which will enable that person to receive an exact copy of the e-mail you're sending to the hiring manager. The reason you want to "cc" or "bcc" your referrer is because you want to keep him in the loop. After all, if someone has offered to help you, he should know what stage you're at in the application process. (Note: Some e-mail programs don't offer "cc" or "bcc" fields, in which case you'll want to e-mail your reference separately.)Finally, be sure to save a copy of your outgoing e-mail in your "Sent Mail" folder, just in case the e-mail doesn't go through and you need to send it again.

Neil Kozarsky of T.H.E.M. Takes a Look at Packaging Professionals and the Social Order

Oh to be able to say doctor, lawyereven Indian chief. But no. Each time we say the word packaging it seems that most party guests sidestep toward that must-have appetizer across the room, or suddenly realize that their drinks need refilling. And yet we know all too well how essential our role is in society. So who do we have to blame for this lack of esteem? I think a large amount of the responsibility rests on our own shoulders.Not that we should grab people by the arm and say, Wait, waitimagine a world without packaging. What would a Kleenex be without a dispensing carton? How ready would Ready Whip be without the aerosol can? What would a 6-Pack be without a 6-Pack?No, that would only make matters worse. What I am suggesting, however, is a collective look in the mirror, and then a coming together of the disparate forces within our industry that have been fragmented for too many years. If the general public is to imagine a world without packaging, we have to imagine a packaging world united in its efforts to educate the general public. Right now in the mind of the average consumer, there is no packaging industry. Many consumers merely believe that the product manufacturer is the one responsible for the products packaging. Many simply think of brown bags and boxes when they hear the word packaging. Even those with a little more manufacturing worldliness only put us packaging professionals into four major commodity groups: glass, metal, plastics and film. One problem is the fact that there are no industry giants in packaging that serve to epitomize or represent the industry as a whole. Unlike aerospace, computing or retail, there is no Boeing, or Dell, or Nordstom. The second major problem contributing to the lack of understanding and respect is the fact that the industry makes no real effort to promote or explain itself. The industry has no single voice. Sure we have trade associations. Good ones, too. But they each represent different segments of our industry. Instead of one voice, there are competing voices, each with its own message. Yes, the Consumer Specialty Products Association (CSPA) has really beefed up its image and awareness efforts in the past years, but this association only represents a tiny portion of the packaging industry as a whole. Then theres the Institute of Packaging Professional (IoPP), the Packaging Machinery Manufacturers Institute (PMMI), the Cosmetic, Toiletry, and Fragrance Association (CTFA), the Western Aerosol Information Bureau (WAIB), the Tube Council, the Society of Cosmetic Chemists (SCC), and on and on. Individually they do a great job of supporting membership interests. But when it comes to the image of the entire industry, it can be argued that the individualized messages do more harm than good.Its not too far flung to compare our image dilemma with that of the boxing world. For better or worse, competing sanctioning bodies have just about dealt the boxing industry a self-inflicted knock out. Instead of one heavy weight champion, theres one for every organization. Our problem is not one of self-destruction, however. Its just a matter of respect, and yes, ego. More than anything else, its a matter of pride. The truth is, I am very, very proud of what I do for a living. And most of my friends and associates in this industry are equally proud. Thats one reason why I still go to cocktail parties whenever the opportunity presents itself, and still look people right in the eye when I answer that self-defining question. So let us imagine for a moment a world in which packaging has one voice. It is possible, you know. All it would take is the coming together of our current industry factions, with a single-minded purpose. And it will happen some day. Its simply up to you and me to make it happen sooner rather than later. For a downloadable version of this release, pleaseCLICK HERE.

Summary

One of the most frequent questions I receive from those who are trying to start or grow their own consulting business is: "How and what do you charge clients for your consulting services?"The ways of billing clients are numerous. There are hourly rates, by-the-job fixed rates, contingency or performance arrangements, flat fee plus expenses, daily fee plus expenses, and many other methods of charging for your consulting services. Which one is best?Let us consider some ...