Do you own an IT consultancy business? Would you like to know some really important, PROVEN business longevity secrets?
The key to longevity as an IT consultancy business is stability.
All too often, IT consultancy businesses put themselves into very dangerous situations by either
a) having too much of their revenue coming from one or two high-concentrated sources (i.e. really big consultancy clients)
b) not having a backlog of future projects that are just about ready to start
c) not having any recurring revenue arrangements, such as support contracts
Without one or more of these issues solved, it becomes very difficult for an IT consultancy business to accurately forecast revenue, cash flow, and profits. And it becomes nearly impossible to make rational hiring decisions
But now that you know this, your IT consultancy business doesn’t have to risk suffering the same pain.
If you own an IT Consultancy business, you really need to discover how thousands of IT Consultancy firms, from all over the World, get more steady, high-paying IT Consultancy clients.
Posted for Joshua Feinberg of the Computer Consulting 101 Professional Kit (tm)
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