Do you own or manage a computer consulting company? Are you having trouble growing your computer consulting company's profits?
If so, then you must learn how to focus on your computer consulting firm's profit and bottom line.
In this article, we'll look at 7 profit secrets and strategies you can use in your computer consulting business, to ensure that you are able to balance your clients' small business IT needs against your own computer consulting company's profitability challenges.
Origins of the Problem
While focusing on your computer consulting profits may sound simple enough at first glance, this business-focused discipline often eludes many a computer consulting firm.
This usually happens because many computer consulting business owners fall in love the technology gadgetry, and get seduced by seemingly attractive reseller channel programs, at the expense of their business' profit.
At the end of the day however, your computer consulting company is a business? not a charity and not a hobby. And your computer consulting company must be run like a business.
Profit Secret #1: Show motivation with your small business computer consulting clients. To avoid being labeled as just another clueless geek, you need to position your computer consulting services to be more in line with those of a virtual CIO for hire. So always be on the look out for new ways to enhance your clients' businesses? not just fix broken desktops and servers.
Profit Secret #2: Be dedicated to the task and relentless in your pursuit to improve the status quo. Because it takes a lot of work to land the best computer consulting clients, you need to focus on lifetime customer value? not just one-shot-deal sales. So always remember that your proposed or recently implemented computer consulting technology solution isn't a one-shot deal. This kind of long-term vision and planning requires tremendous staying power and perseverance? which often escapes many computer consulting business owners.
Profit Secret #3: Don't be afraid to be creative with your client engagements. Small business technology solutions often need to stay within relatively modest budgets. And your computer consulting solutions must work without the need for in-house IT staff. To satisfy these challenges, don't be afraid to think outside of the box when appropriate.
Profit Secret #4: Evaluate how your clients' systems, both paper- and computer-based, function today. As part of your virtual CIO role, look at how these existing clients systems are meeting or not meeting present and future needs. Most of this work will be done during IT audits? another key computer consulting profit secret that can really help to separate you from the pack of mediocrity.
Profit Secret #5: Put yourself in your clients' shoes and think about what THEIR clients need from them. Yes, as a computer consulting business owner, you need to have good people skills and a certain degree of empathy for your clients' business problems. But an even more advanced computer consulting business owner doesn't just stop at understanding their clients' business problems. The virtual CIO really digs in and learns about their clients' customers' business problems? one layer down on the value chain.
Profit Secret #6: Keep up with advances and new versions. As virtual CIO for your computer consulting clients, your clients depend on your firm to advise them on what tools can better help their businesses grow. So while you can't allow this R&D and training to consume and devour all of your scarce weekly schedule, you do need to stay a few steps ahead of your clients' IT needs at all times.
Profit Secret #7: Summarize and share that information with your clients. The essence of your R&D and training should focus on one major objective: will this new platform or tool add value to your computer consulting clients' existing or future installations? And how you can best summarize this information, in layperson language that non-technical clients can understand?
The Bottom Line Your computer consulting firm's needs to be your client's virtual IT department can often be at odds with your computer consulting firm's need to be profitable. A big part of this problem happens because computer consulting business owners fall in love with technology, at the expense of their marketing and sales activities.
To make sure you don't fall into this same strap, which can kill your computer consulting profits, don't go overboard with your training and R&D activities. Be sure to keep business development activities in your weekly schedule? EVERY week. If you want to keep your computer consulting profits as healthy as possible, make sure that you're proactive in your marketing and sales activities? dig the well for computer consulting profits BEFORE you're thirsty. And a great way to start is by listening to the profit-generating secrets at http://www.computer-consulting-101.com
Joshua Feinberg is a 15-year veteran of small business computer consulting and an internationally recognized expert on small business computer consulting. He has appeared in dozens of business and IT trade publications including CRN, VARBusiness, Microsoft Direct Access, TechRepublic, American Express OPEN Platinum Ventures, Entrepreneur, Inc, SCORE, Small Business Computing, and USA Today. To get immediate online access to Joshua's proven sales and marketing strategies for growing your computer consulting company's profits, sign up now for the free one-hour computer consulting training recording at http://www.computer-consulting-101.com
Todays business environment has changed drastically from just a few... Read More
Ten Money Saving Tips for Print ManagersDespite their stated desire... Read More
Employees are the often-neglected stakeholders in the success or failure... Read More
Escalating gas prices...tensions and turmoil in the Middle East...a struggling... Read More
Much of the literature and advice on implementing business change... Read More
Creativity can be defined as problem identification and idea generation... Read More
As an entrepreneur, hiring an expert can be one of... Read More
Many business people and managers are spending too much time... Read More
Almost, if not all organisations have them, they've been around... Read More
Teamwork is a process that can be experienced outdoors and... Read More
How we feel is really more important than what we... Read More
Creativity can be defined as problem identification and idea generation... Read More
I once worked in a place where there were three... Read More
AbstractThe electrical products industry is one characterized by fierce competition,... Read More
You have been named a new leader in your organization,... Read More
A core activity in many successful businesses, Succession Planning is... Read More
And is isn't hard - it's more about focusing on... Read More
Let's begin by singing the jingle from an old US... Read More
Being a leader isn't easy. Every one looks to you... Read More
There is no sure fire route to commercial success, but... Read More
There is a new trend taking hold in business today... Read More
A few weeks ago, after consultations with others in an... Read More
Do you have some goals you want to achieve or... Read More
Implementing an ISO 9001 system represents a major effort. However,... Read More
Creativity can be defined as problem identification and idea generation... Read More
Creativity can be defined as problem identification and idea generation... Read More
Many organisations use the term "lessons learned" to describe the... Read More
A framework is a way of thinking, a point-of-view, a... Read More
This article relates to the Coworkers competency, commonly evaluated in... Read More
Perfectionism can get in the way of building or marketing... Read More
There's a great little article ('Business Lifeforms') on... Read More
Sometimes, better than giving advice about how to run things... Read More
At this time of tight budgets, the mantra of business... Read More
The study of Behavioral extension involves investigating the source of... Read More
Charles Petrie, from Stanford, released a short article entitled "The... Read More
THE PERFORMANCE REVIEW MEETING: It's a fact - most supervisors... Read More
One thing a lot of us don't do in sales... Read More
One of the most common complaints that business owners have... Read More
Workplace diversity refers to the variety of differences between people... Read More
Even a well-planned teleconference can go poorly. Some people treat... Read More
DECIDING WHAT TO DELEGATE: Once the benefits of delegation are... Read More
People are empowered when they are given the authority and... Read More
How do you convert outsourcing leads into clients? You may... Read More
Meriwether Lewis set the stage for the Corps of Discovery's... Read More
Growing companies must always be ready for the next challenge.... Read More
The world has always been mixed with the... Read More
Faulty information costs you money! Which of these popular business... Read More
If Baby Boomers can get botox and tummy tucks, then... Read More
With deference to Dr. Covey and his very popular Seven... Read More
As a training manager, there are two important aspects to... Read More
It's easy enough to convince your own staff that better... Read More
Every organization is looking for the holy grail of performance... Read More
A recent report from the American Hospital Association's Commission on... Read More
As a management consultant, I have seen some poorly conceived... Read More
Time To Market (TTM) is a vital concept that every... Read More
Now we turn the corner to our final phase: Re-Discovery.Last... Read More
Inventory management may seem complicated to some, but if one... Read More
In Stephen Covey's great book, "The Seven Habits of Highly... Read More
Creativity can be defined as problem identification and idea generation... Read More
There are wild variances in how much involvement organisations are... Read More
You Can't Do It All - Learning To DelegateThere is... Read More
I recently read an article published in the June, 2005... Read More
Top leaders...Are Visionary Top leaders have a very clear understanding... Read More
Creativity can be defined as problem identification and idea generation... Read More
Why is it imperative to have a company E-Mail Policy?... Read More
Creativity can be defined as problem identification and idea generation... Read More
Business Management |