Management Consultancy Fees, and I being screwed?
Discussion
Andrew[MG] said:
sploosh said:
May sound daft but have you checked whether you can get a Business Link grant?
I run a business consultancy, we registered our service with BL and refer our customers to them, they do a bit of paperwork, pay me 100% of my fee but claim back 50% from BL.
It will depend what type of business you are in and what consultancy support you are looking for but if you can tick the boxes it'll save you a lot of money.
Worth checking.
That's a very impressive setup! What type of businesses are BL allowing to use this grant?I run a business consultancy, we registered our service with BL and refer our customers to them, they do a bit of paperwork, pay me 100% of my fee but claim back 50% from BL.
It will depend what type of business you are in and what consultancy support you are looking for but if you can tick the boxes it'll save you a lot of money.
Worth checking.
There are also grants around for IT and anything where there are efficiency savings.
The trick is to understand their "outputs" - usually more jobs, increasing turnover and reducing CO2.
I've played both sides and had a grant of 50% towards my marketing (generating new business / creating jobs / increasing turnover) to attract new customers that I then refer to them for a grant to pay for my services.
As a result my business has grown so we're all happy.
There are limits, but like any bureaucracy there are ways of playing the system.
How long is a piece of string?
You are not obviously being screwed, there is considerable downward pressure on prices, and £800 may be considered cheap- if this results in you getting a genuine expert you may well benefit. But, consultancies tend to try to sell you an expert, then give you a new grad, and profit massively at your expense. You will have to try to work out which of these cases is really being offered.
That said, I do understand their reluctance to accept performance related pay- they can easily find themselves in the situation that they've genuinely given good analysis and advice, but had nothing but opposition from the staff at every level, and lose the main part of the pay that they have genuinely earned.
You are not obviously being screwed, there is considerable downward pressure on prices, and £800 may be considered cheap- if this results in you getting a genuine expert you may well benefit. But, consultancies tend to try to sell you an expert, then give you a new grad, and profit massively at your expense. You will have to try to work out which of these cases is really being offered.
That said, I do understand their reluctance to accept performance related pay- they can easily find themselves in the situation that they've genuinely given good analysis and advice, but had nothing but opposition from the staff at every level, and lose the main part of the pay that they have genuinely earned.
grumbledoak said:
How long is a piece of string?
You are not obviously being screwed, there is considerable downward pressure on prices, and £800 may be considered cheap- if this results in you getting a genuine expert you may well benefit. But, consultancies tend to try to sell you an expert, then give you a new grad, and profit massively at your expense. You will have to try to work out which of these cases is really being offered.
That said, I do understand their reluctance to accept performance related pay- they can easily find themselves in the situation that they've genuinely given good analysis and advice, but had nothing but opposition from the staff at every level, and lose the main part of the pay that they have genuinely earned.
The issue with performance related pay is that if the company owner/s/board are not prepared to accept the changes then the consultant does not get paid or paid very little and so unless they can get an equity share of the company its not really a workable proposition.You are not obviously being screwed, there is considerable downward pressure on prices, and £800 may be considered cheap- if this results in you getting a genuine expert you may well benefit. But, consultancies tend to try to sell you an expert, then give you a new grad, and profit massively at your expense. You will have to try to work out which of these cases is really being offered.
That said, I do understand their reluctance to accept performance related pay- they can easily find themselves in the situation that they've genuinely given good analysis and advice, but had nothing but opposition from the staff at every level, and lose the main part of the pay that they have genuinely earned.
I implemented a change in two identical organisations, used the same processes and technical solution. One was sucessful and the other wasn't as sucessful. The one that wasn't thought a beter technical solution was required. It wasn't, it was the culture of the organisation in question that needed changing. How do I know? they had the same issues after spending a wedgeful
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