Delve into the intriguing world of consulting business models! Discover the strengths and weaknesses of solo practices versus firm structures. Explore the rise of productized services and why a hybrid approach may offer the best of both worlds. This discussion provides valuable insights for maximizing both personal satisfaction and financial success as a consultant.
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insights INSIGHT
Defining Business Models
A business model is how a business creates, delivers, and captures value.
It's not just about making money, but the entire structure and operation.
volunteer_activism ADVICE
Solo Consulting Model
Start as a solo consultant to gain experience and build from the ground up.
Focus on high-value engagements due to limited capacity.
insights INSIGHT
Limitations of Solo Consulting
Solo consulting, while potentially lucrative, lacks scalability and external value.
The business is entirely reliant on the individual, hindering its growth and saleability.
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