Our Collaborative Community and Conscious Business Models
Financial Considerations
In the collaborative consulting model, members of the consulting community use the shared experience of others to enhance their offering to clients. They also contribute improvements to the model, thus adding value themselves. They profit from the work they do, and from the work of others. Others may profit from their contributions to the programme.
The management would be responsible for higher level marketing activity, maintenance of the programme and delivery to consultants. The gathering and maintaining of programme material, as well as the marketing efforts, takes effort and time. There is, necessarily, an infrastructure involved which will incur a cost. Groups have tried an altruistic “volunteer and sponsorship” funding model, but this has usually ended badly.
It is expected that in return for marketing and client programme support, the management will receive a percentage of the consulting fee. This will make the system viable. The consultant’s “account” will in turn be credited if they contribute to the system, thus recognising the value of experience being brought to the collective.
The question remains how this input is to be valued, with regard to quality and usefulness to other consultants. Quality of outcome for the client must be of paramount concern, so moderating the new suggestions will be vital. This may require a moderating committee, or a trial based introduction and valuation of the activity. Those engaged in supporting the collective through marketing assistance, management or other infrastructure work will be rewarded either by pre determined financial agreement or contract.
Consultants would also be rewarded for contribtion to programmes or the development of usable IP (programmes etc)
The intention is to truly cooperate with each other, as professionals, in order to deliver outstanding results to our clients and to improve the consulting model in the process. Factors to consider are:
1. The amount of client income royalty paid 2. The value of contribution made (however this is valued) 3. Leads generated by the consultant, as opposed to the use of centrally generated leads, and hub marketing. 4. Other support utilised by the consultant, from the hub.
Also tell us how you feel about:
1. How to value contributions from the consulting community 2. How to moderate new concepts and activities for the programme 3. How to distribute excess profits accumulated by the hub
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Posted by Alan Platt on 22nd October, 2008 | Comments | Trackbacks Tags: Financial considerations The trackback URL for this page is http://www.progressivebusinessinternational.com/trackback?post=3573377 TrackbacksThere are no trackbacks for this post There are no comments for this post Post a CommentHTML is not allowed in comments, http://... will be automatically linked.
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