Samantha Uditsky, MPP, PMP’s Post

Top 5 Red Flags for Independent Consultants: 1. Unclear scope Hard to help a client who doesn't know what they want (unless this is what the project is about lol) 2. Unclear Start Date "Within the next month" isn't enough You have a pipeline to organize. 3. Scope is all over the place If this happens, then most likely: • They need multiple people but want to pay for 1 • They need help prioritizing 4. Try to lowball you Just trying says a lot about them, beware. 5. Think you’ll be their new employee Remember, you're there to accomplish a mission. The mission isn't to be an employee they couldn't find. If you're careful about the above, you likely won't run into many issues. What else would you add?

I fielded a great question today about practically how to address gaps in employment in your profile. In other words, how do you lay that out structurally? 🤔 In short, I would create a new section in your profile that is the name of an LLC you create (preferable) to accept consulting work, or a phrase that captures the type of consultant you are. For example: Business Valuation Consultant, Dispute Consulting Consultant, Turnaround & Restructuring Consultant, etc. Then lay out a description of your skills in the same format you would for a normal role. Between your newly created section (current role) and your last official W2 role, I would write a description of the circumstances involved in your departure...being mindful of confidentiality. If you're already picking up contract work, there may be no need for the gap explanation as you're up and running in a new role and generating income in your own entity. 💰 You may even fall in love with it and never look back! Hope this helps! 💡👍

How do you hire the right consultant? Joseph Larizza of Mirador, Inc. gives advice for wealth management firms searching for and hiring consultants, including how to get the most out of a consultancy engagement, what to check for in due diligence and how to spot a consultant who’s trying to take shortcuts. READ MORE: https://lnkd.in/gjHEWVSr #WealthSolutionsReport #FinancialAdvisors #WealthManagement #consultants

When it comes to business relationships between companies, having clear and comprehensive engagement letters is key! Whether it's auditing services, support services, or consulting services, these letters play a vital role in ensuring a successful collaboration. Engagement letters outline the scope of work, responsibilities, and terms and conditions of the services provided. They help both parties understand their roles, set expectations, and minimize the risk of conflicts or misunderstandings. For auditing services, the engagement letter should cover important details like audit objectives, timelines, and fees. When it comes to support services, it's crucial to define the nature of support, expected outcomes, and any service level agreements. And for consulting services, clearly outlining areas of expertise, deliverables, and duration is essential. These engagement letters serve as legal documents that protect the rights and obligations of both companies, ensuring transparency and a solid foundation for collaboration. By proactively establishing clear expectations, we can foster successful business relationships. So, the next time you engage in auditing, support, or consulting services, remember the power of well-crafted engagement letters. They pave the way for fruitful partnerships and help businesses thrive! #BusinessRelationships #EngagementLetters #CollaborationSuccess

FREE AUDITS - Your questions answered! Can I apply for more than one of the free audits? Yes – absolutely! As long as your business fulfils the conditions listed on the individual application pages, you can apply! Is there a closing date? Although there isn’t a closing date, audits will be scheduled on a first come basis and allocated according to internal resource – so if you’re thinking of applying, this is your sign to! What happens once I've applied? One of our team will give you a call to discuss your application further and confirm whether you're eligible. We'll then share details of what we need from you in order to start work. How is the audit completed? The audit will be completed entirely remotely – which means you don’t even have to leave your desk to find cost savings in your business or check your processes are compliant. How do I receive the results? We'll present the findings to relevant Senior Decision makers in person at a UK office location of your choice. Is this a confidential service? Our clients’ safety and security is of paramount importance. We will sign NDAs to protect confidential information and can provide a template NDA if you don’t already have one available. Have another question that we haven’t answered? Let us know in the comments. Apply for a free contractor audit: https://bit.ly/42iDVS7 Apply for a free recruitment spend audit: https://bit.ly/3SAWIox #freeaudit #businessstrategy #businesshelp #audit #contractoraudit #recruitmentspendaudit

A clear scope of work helps ensure a successful consulting engagement. 1.  Define project objectives and expected outcomes. 2.  Assess business needs and challenges. 3.  Set specific deliverables and milestones. 4.  Establish project timeline and duration. 5.  Clarify responsibilities of both parties. 6.  Specify required resources and data access. 7.  Agree on consultant's compensation and budget. 8.  Determine reporting and communication methods. 9.  Address confidentiality and intellectual property concerns. 10.  Identify and plan for potential risks. 11.  Document all details in a formal agreement.

the key steps of the audit cycle presented in points: * Planning: Define audit objectives, scope, and criteria. Develop an audit plan, including resources and timelines. * Gathering Evidence: Collect relevant data, documents, and information. Use various audit techniques like interviews, observations, and sampling. * Evaluating Evidence: Analyze the collected evidence against audit criteria. Assess the accuracy, relevance, and reliability of the evidence. * Reporting Findings: Document audit findings, including any non-conformances or areas for improvement. Communicate findings to relevant stakeholders. * Follow-Up: Implement corrective actions or recommendations based on audit findings. Monitor the effectiveness of corrective actions. Close the audit loop by reviewing and updating audit processes as necessary. These steps form a continuous cycle, ensuring that organizations can continuously improve their processes and compliance.

Solve Complex Cases With These 7 Simple Consulting Frameworks https://lnkd.in/eD5F-SdV

What does it mean to be 'selected'? If you're selected for a prize, GREAT! If you're selected for and audit....not so great! But knowledge is power when it comes to the Federal Acquisition Regulations and being aware and proactive is the key to success when it comes to Federal Contract compliance.

How do clients decide who to work with on an assignment? Elliott Rae shares what important questions he believes they should ask when choosing an executive search firm here: https://lnkd.in/eFKUmegn #ExecutiveSearch #ExecutiveRecruitment #ExecutiveSearchFirm #SearchFirm