Advantages of being an “Independent”

Most consultants work for established advisory firms. This institutional backing has some advantages when it comes to having established procedures, research departments, and incoming work, however, there are immense disadvantages that make individual consultants a much more effective solution for bringing in outside expertise.

1. Substantial flexibility in their role, taking on new projects, extending projects, or turning down ill-fitting requests

2. Minimal Overhead costs - A substantial amount of consulting engagement costs go to pay for the overhead costs of the company providing the services. As an “Independent” you have an attractive value proposition. You can charge less and keep more of it. Accounting Today found a typical Big 4 team can cost between $2,000 and $5,000 per day. Your cost structure is your competitive advantage.

Executives have grown weary of being impressed and oversold by sophisticated engagement managers, only to be shuffled off to a team of fresh less experienced MBAs.