David A. Fields shares a few valuable tips on consulting fee structures.
Consulting engagements come in many flavors. Your consulting firm’s work for a client could range from answering questions in real time based on your knowledge and experience, to developing research-based recommendations, to constructing and implementing complex solutions.
Where does advisory work fit in, and should you construct contracts for advisory work differently?
Let’s say Mabel Maybell, CEO of the famous Home o’ Phonics literacy company (a.k.a. HoP), asks you for help. Your consulting firm recently completed a project for HoP in which you researched a broad range of possible expansion opportunities. Ultimately, you recommended they enter the digital shirts arena.
Mabel’s senior staff think your recommendation is a good fit, and now Mabel wants to shoulder into the new jersey market.
Key points include:
- Client expectations
- Two different types of consulting contracts
- Mixing project work and advisory engagements
Read the full article, SHOULD YOU USE THE SAME FEE STRUCTURE FOR THESE TWO CONSULTING ENGAGEMENTS?, on DavidFields.com.
While all eyes are on the future of Africa’s resources, Richard Stuebi takes a look ahead at improving the electricity sector. In this article, he summarizes the main points from a year long study.
For the past year or so, I’ve been privileged to lead a team at the Institute for Sustainable Energy at Boston University to develop a synthesized perspective on the current state of and future prospects for the African electricity sector. I’m pleased to announce that our final report is now available to the public, and a webinar presenting a brief summary of its findings can be seen here.
This report became a labor of love for me: although it admittedly took a lot longer to complete than I had expected, the effort in reviewing the ever-growing body of information on electricity in Africa rewarded me by providing additional evidence in support of my hypothesis that the natural long-run state of the sector involves a “grid-of-grids” architecture.
The challenges impeding improvement in the African electricity sector are daunting.
The points summarized in this article include:
- Population’s access to electricity
- Africa’s infrastructure and economy
- Control of Africa’s utilities
- Africa’s reliance on fossil fuels
Read the full article, Bringing Power and Progress to Africa, on the Future Energy Advisors’ website.