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Essay / Research Paper Abstract
This is a 6 page paper that discusses setting fees as a consultant. The writer comments on indirect or overhead costs that need to be considered as well as the direct costs associated with the job. Two methods of calculating one's fees are reported. The writer then states the fees for a two-day supervisor's workshop and justifies the fee to be charged. Bibliography lists 4 sources.
Page Count:
6 pages (~225 words per page)
File: D0_PEconfee.rtf
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Unformatted sample text from the term paper:
of Small Business, 2005). The individual must be able to apply that expertise to real-live problems, whether that is leading a training workshop or consulting with the executive team
about specific issues (Encyclopedia of Small Business, 2005). Most of all, the budding consultant needs to realize this is a business and they must treat it as such (Encyclopedia
of Small Business, 2005). One challenge of consulting new consultants face is setting their fees (Encyclopedia of Small Business, 2005; Fishman, 2005). There are numerous factors to consider when setting
ones fees, such as the market, the competition, the specific types of projects the new consultant will take on and what unique services or competencies the consultant can offer. One
place to begin when determining fess is research about fees. Gauge (2003) stated: "In order to establish a fixed price or a fee that is fair, yet competitive, consultants
need to know what other consultants in similar fields charge." This same author reported the results of a survey of nearly 400 independent consultants (Gauge, 2003). The survey
found a difference in fees based on the number of years a person had worked as a consultant (Gauge, 2003). They found consultants with less than 10 years experience as
a consultant charged an average of $99.00 per hour (Gauge, 2003). There are many ways to determine ones fees. For instance, some consultants charge by the hour, day or project
(Fishman, 2005). Some who have recently left an employer base their fees on what their paid salaries were (Fishman, 2005). Fishman (2005) suggests that even if a consultant is going
to charge by the project, he or she needs to determine an hourly fixed rate. To determine an appropriate fee for services, the consultant needs to consider all of
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