3 ms·

So true - billing rates for consultants run 200+/hr. Even a small $1mm expense budget - $25 is not relevant and in my experience you can quickly be at 75%+ pers

So true - billing rates for consultants run 200+/hr. Even a small $1mm expense budget - $25 is not relevant and in my experience you can quickly be at 75%+ personnel cost (w2/1099 + desks / space etc for them)

Carpetsmoker 8y ago
Not all businesses pay $200/hour for consultants. There are a lot of small businesses out there. "A small $1M expense budget" may be "small" for certain companies, but it's more than the yearly revenue for a lot of businesses, never mind people who are trying to start a business and don't have any revenue at all (yet). Of course you need to be reasonable and not penny-pinch or "spend money to save money", but in general I would say that frugality is a virtue.