31–40 of 495 posts
A relevant side note: If you're getting into consulting, here are my suggestions for writing a good Statement of Work https://kirubakaran.com/blog/consulting-sow/
Thank you! I am getting into consulting and while I found a client, I know this is just the start for me. So I estimate a probability of 70% I will read everything about consulting on your blog.
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As a budding freelancer, I will try to have a talk about the value I bring instead of rate per hour. My point is while it might not happen that a business owner tells you how much value he got out of you, you now know that's what he thinks and charge accordingly.
Is it working for you?
Step 1: Be popular/famous enough that people know your name. Step 2: Be good/accurate enough at opining in ways that make sense. Most people won't have either 1 or 2 going for them. There's one more thing - charging a lot is how to signal value, which is a a huge thing. I know a guy who used to manage an A-list rock band (everyone knows their songs) who went into consulting, and started out lowballing people, for $1k…
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How did you get into consulting? What do you do?
Thanks for asking. To be reductive: I mostly build webapps for my clients, but of course it's a lot more than just that. I got into it quite intentionally because I wanted to trade lower variance for higher pay and flexible lifestyle. That is, I'd rather make $3x one month and $0x the next (where I work on my personal projects or read a good scifi novel in the sun), rather than $x one month and $x the next. When I st…
In fact, that is what I am doing right now.
Step 1: Be popular/famous enough that people know your name. Step 2: Be good/accurate enough at opining in ways that make sense. Most people won't have either 1 or 2 going for them. There's one more thing - charging a lot is how to signal value, which is a a huge thing. I know a guy who used to manage an A-list rock band (everyone knows their songs) who went into consulting, and started out lowballing people, for $1k…
Not at first, no, but even Patrick had to start at zero, right? It's true that there's a lot more personal branding and content marketing going on, but that doesn't mean a person can't execute a similar strategy and find success. It may not be as profitable as it once was, but it can be enough to relieve some financial stress.
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What does talk to a CEO in their own language even mean? That he knows typical MBA jargon and concepts? Anybody can learn to talk and think like a CEO by picking up a few DIY MBA books. You have likely misjudged his actual skill.
I don't have the ability to meet a CEO at a convention, strike up a conversation and keep them interested. This is not only about knowing MBA jargon. It's about manners and other things. In corporations you see the same thing. Some guys meet the big VP and make a lasting impression while most others don't. This is not about skills or knowledge but about the way you talk and behave.
Earlier quoted context omitted.
As a budding freelancer, I will try to have a talk about the value I bring instead of rate per hour. My point is while it might not happen that a business owner tells you how much value he got out of you, you now know that's what he thinks and charge accordingly.
You have to be able to size up their market, their company, some idea of sales/volume/revenue/etc. Sometimes it's easy to ballpark, perhaps based on headcount (even assuming part time workers, you could probably ballpark $50k per person - a 50 person company would be grossing ~$3m/year just to stay open in the US, I'd think, but in most cases it would probably be 50-100% more than that, depending on industry, locatio…
Step 1: Be popular/famous enough that people know your name. Step 2: Be good/accurate enough at opining in ways that make sense. Most people won't have either 1 or 2 going for them. There's one more thing - charging a lot is how to signal value, which is a a huge thing. I know a guy who used to manage an A-list rock band (everyone knows their songs) who went into consulting, and started out lowballing people, for $1k…
Step 1: Be popular/famous enough that people know your name. Step 2: Be good/accurate enough at opining in ways that make sense. Most people won't have either 1 or 2 going for them. There's one more thing - charging a lot is how to signal value, which is a a huge thing. I know a guy who used to manage an A-list rock band (everyone knows their songs) who went into consulting, and started out lowballing people, for $1k…