By James R. Thompson
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Why a
professional consultant?
Many people ask,
“Why hire a professional consultant?”
This is a valid
question. Consultants are often viewed quite negatively, and often with good
reason. We believe this to be true because:
The cost of entry is low; many unqualified people
enter the field.
Many people, upon becoming
unemployed, immediately procure a business card that says “consultant”-- this
does not help the profession.
Clients think of retaining a consultant’s services
as hiring labor against some time basis.
Clients are fearful that their confidential
information will be “leaked” through the consultant.
The consultant keeps “banker’s hours.”
In contrast, a
professional consultant:
Has made the necessary investment in modern
analytical tools and data warehousing systems to do professional work.
Has made a career of consulting and is not merely
“between jobs.”
Works for a firm fee, from a carefully prepared
proposal, which clearly delineates the project’s objectives, scope, methodology
and schedule.
Subscribes to a published code of ethics and has a
prepared, standard confidentiality agreement which is treated as if in force,
whether or not it has been specifically signed for a given project.
Is available when the client needs him -- 24 hours
per day, 7 days per week, via toll free telephone, facsimile, and internet
e-mail.
But why
hire a professional consultant?
A professional consultant brings to a project:
- Accountability for results, schedule and costs to
achieve an answer -- this translates into significant economies when compared
to in-house efforts.
- Proven, yet flexible, methodology appropriate for
the task.
- No cost of training or “experimenting” on how to
complete the assignment -- focused on achieving results.
- Objectivity -- no “sacred cows”.
- Anonymity -- the ability to gather data within
ethical limits but without revealing the ultimate use.
- Established “data-mining” methods, utilizing the
full breadth and depth of available data.
- Experience in interpreting public data, to gather
more than is on the surface.
- Creativity drawn from a wide experience base.
But won’t a
consultant that works for me now, work for my competitors later?
Yes, unless you
plan to employ the consultant for the rest of their career (they must, after
all find other work after your project is over). But you buy equipment,
services and materials from the same vendors as your competitors, don’t you?
So, why shouldn’t you buy consulting services the same way -- particularly if a
consultant has developed a broad, general, and technical understanding of your
business and industry. This is, after all, how you hire your employees; who, by
the way, may ultimately leave you to work for a competitor.
Comfort on this
subject starts when you meet the consultant. What does s/he say about his last
client? This is an indication of what, and how much, s/he will tell her next
client about you. You can measure by his conversation how discrete a
particular consultant is. If you are not comfortable with the initial
conversation, go no further with that consultant -- find one that meets the
criteria outlined above!
The most valuable
and important asset a professional consultant has is her reputation -- it is
priceless. Poor, shoddy work, unprofessional conduct, and indiscretions with
clients’ confidential data puts the marginal consultant out of business --
fast. Preserving his reputation is of utmost importance for a professional
consultant; you can judge your own candidates for consulting by their
reputation.