197 | The Mathematics of Consulting Utilization

In this episode, we have Andy talk about a crucial part of consulting, and that is making sure you understand the factors that will help you set and achieve your target revenue. Here, he explains what utilization is and to compute it. He also talks about a few more factors to look into to make sure you are on the right track to hitting your consulting revenue target. 

 

So, go ahead and hit play to check out this episode.

Quotes:

“Consulting, Overall, Is Not A Great Business To Be In, Or A Great Career For Someone Who Does Not Want To Work. If You Want To Work, Consulting Is A Fantastic Career… It Can Be Lucrative. There's Great Work, It's Rewarding.”

“Have In Your Mind, Your Utilization, When You Work Because The Utilization Is Really The Target.”

 

Show Notes:

(00:00) Podcast Intro 

(00:27) If You Need Help Creating A Set Of Values, You’re Welcome To Sign Up For A Complimentary Course At https://theconsultingplaybook.com/values 

(01:19) It Is Crucial For Consultants To Know The Math Of Consulting

(03:38) A Simple Part Of Your Revenue - Your Rate

(05:32) Computing Your Utilization

(08:44) Consulting Is For Those Who Want To Work

(10:52) Make Sure To Consider The Different Factors 

(12:17) Capped Hours 

(14:04) Working On Multiple Projects

(15:30) Andy’s New Book The Trust Paradigm Is Available On Amazon And Other Book Retailers