First Time CEO » “performance based” http://www.firstimeceo.com Advice, Tips & Suggestions Tue, 01 Mar 2011 12:44:49 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Consultant Pricing Options http://www.firstimeceo.com/consultant-pricing-options/2009/01/03/#utm_source=feed&utm_medium=feed&utm_campaign=feed http://www.firstimeceo.com/consultant-pricing-options/2009/01/03/#comments Sat, 03 Jan 2009 17:42:29 +0000 Jim Crocker http://www.firstimeceo.com/?p=9 Read more »

]]> A key question when engaging a consultant is their fee and how the project will be priced. In another of his YouTube videos to help manager’s use consultants effectively, Jim Crocker of Boardroom Metrics has posted a video on consulting pricing options.  He lists three options to consider for pricing a consulting project:

  1. hourly basis
  2. project basis
  3. performance basis

The third, involves giving the consultants a share of the upside created by their work. This is a very effective incentive.

The video is posted here.

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