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September 25, 2011

Tips on how to profitably use a consultant

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Written by: admin

A great number of UK businesses take external consultants on board to assist in their short-term projects, and to give their operations a boost. As with any business investment, it is essential that any consultants that are used are covered by consultants insurance, such as the tailor-made policies available at Markel. In addition, consultants are only effective in increasing your business’ profit levels when used properly. Therefore, here are our top ten tips on how to make the most of a consultancy service:


1.    Understand the benefits of using a consultant


2.    Establish which services you require from a consultant


3.    Work out how you will select your consultant


4.    Locate the consultants you will be choosing from


5.    Request a proposal from each of the consultants you have contacted


6.    Choose your consultant


7.    Negotiate the terms of the consultancy agreement – make sure that you end up with terms that both parties are happy with


8.    Prepare the agreement


9.    Manage your chosen consultant to ensure that any issues are promptly recognised and resolved in an effective way


10.  Evaluate the impact of using a consultant has had on your business – It is at that point that you will be able to establish whether a consultancy service has been the right move for your business.


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