From the course: Consulting Professional Weekly Tips

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Scaling up from individual to team

Scaling up from individual to team

From the course: Consulting Professional Weekly Tips

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Scaling up from individual to team

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- When you want to grow your consulting firm, you're probably going to have to bring on additional people. There's only so much of you to go around. Make deliberate choices about whether the people you bring on will be contractors or employees. Ensure that individuals' interests are aligned with yours. If you're going to bring on contractors, you don't run into all the employment and tax issues and they're going to be a more flexible workforce. The downside is they can leave suddenly and they don't always share your personal interests. If the people you bring on are employees, they're dedicated to the work, but they come along with a lot of administrative issues you're going to have to deal with. If you need someone who's fully committed to building your firm but that person's only interest is part-time work to supplement their income, you're not going to be happy with that result. Ensure interests are aligned between you and the people you bring on. A lot of times I get people who…

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