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Advice2
(@Advice2)
Trusted Member Guest

Is this a good time or a bad time to enter into the consulting industry?

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Posted : 01/04/2008 12:12 pm
xmer
 xmer
(@xmer)
Trusted Member

Re: Good time/bad time

I think it is the worst time to enter the industry because most companies are fat right now and are going to be adjusting for the recession. I would think about 6-12 months from now would be good thats when they will need support the growth plans if we get out of a recession and they will not have hired the staff yet.

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Posted : 02/04/2008 12:51 pm
Ace
 Ace
(@Ace)
Estimable Member

Re: Good time/bad time

I think it would be a good time for being in the field for certain consultants for example bankruptcy experts and other related fields.

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Posted : 08/04/2008 1:05 pm
homebiz
(@homebiz)
Eminent Member

Re: Good time/bad time

I think it is like everything else if you have a great value proposition and a service that is in demand than you will be in demand

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Posted : 14/04/2008 6:53 pm
CCC
 CCC
(@CCC)
Estimable Member

Re: Good time/bad time

This may give you some info relevant to this topic:

Consulting services (management, scientific and technical) generated about $160.3 billion in revenues in the U.S. during 2007, according to Plunkett Research estimates. This is an increase of about 3% over 2006 estimates. (Accounting services generated an additional $110 billion in 2007, up about 5% over 2006 according to Plunkett Research estimates.) Kennedy Information, Kennedy Information, places the global consulting market (including management, human resources and information technology consulting) at about $310 billion in 2007.

After a decade of sizzling growth and enviable profits, the consulting business was forced to pull in its reins during 2001-2003. The stock market **** of 2000-2001, particularly in the technology and telecommunications sectors, caused this. Tech companies that were once lucrative consulting clients disappeared under crushing financial losses. Meanwhile, a general economic slowdown in most of the developed world further hampered the consulting industry.

However, consultancies posted significant growth in the 2005 through 2007 period. Major consulting firms are hiring again-stalking the ivy-covered halls of America's best business school campuses in search of the best and brightest new MBAs. The fact that new graduates will have trouble getting jobs in the financial and banking industry in 2008 will be a boost to recruiters at consulting companies. However, a question looms about consulting firms' ability to grow and hire in 2008 in light of the latest economic slowdown and shrinking corporate budgets. Government budgets are under pressure as well, particularly at the state level where large deficits loom. Big corporations and governmental agencies are prime clients for consultancies.

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Posted : 05/05/2008 12:53 pm
luccy
(@luccy)
New Member

Re: Good time/bad time

Every small business we will fased some problems.First business started every one think it's bad time.After 4-5 months that same person think it's a good time.that the secret of the small business.Other wise i think it is the worst time to enter the industry because most companies are fat right now and are going to be adjusting for the recession. I would think about 6-12 months from now would be good thats when they will need support the growth plans if we get out of a recession and they will not have hired the staff yet.

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lucky

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Posted : 12/08/2008 7:14 am
cool124
(@cool124)
New Member

Re: Good time/bad time

I think it is a great time because firms do not want to hire full time people they will turn to part time help to save on long term costs ans its really need to do ..

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Posted : 22/08/2008 8:10 am
Capital Domains
(@Capital Domains)
Trusted Member

Re: Good time/bad time

I actually think it is a bad time at least for the next 2 months or so until the election is decided - many companies and people are just waiting for a decision

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Posted : 05/09/2008 12:46 pm
niaz05
(@niaz05)
New Member

Re: Good time/bad time

the industry because most companies are fat right now and are going to be adjusting for the recession. I would think about 6-12 months from now

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Posted : 28/10/2008 4:50 pm
Triton
(@Triton)
Estimable Member

Re: Good time/bad time

I think it is a good time if you can deal with the cash flow issues and your speciality or service helps firms save money

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Posted : 13/11/2008 12:33 pm
xmer
 xmer
(@xmer)
Trusted Member

Re: Good time/bad time

I think this is the best time to enter the market for two reasons if you are out of work then it gives you an opportunity to get exposure to the a company and second, companies do not want full time commitments yet.

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Posted : 02/12/2008 1:01 pm
3csprojectgurgaon
(@3csprojectgurgaon)
Eminent Member Guest

Re: Good time/bad time

i second that as there is recession going on and so this is not the good time to enter into industry. This is the worst time for businesses to prosper.

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Posted : 17/02/2012 10:25 am
Isabelle Neumann
(@Isabelle Neumann)
New Member

Re: Right time?

Yes,
You are absolutely right.

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Posted : 17/05/2012 10:23 am
Isabelle Neumann
(@Isabelle Neumann)
New Member

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Posted : 19/05/2012 1:01 pm
samkallis
(@samkallis)
Active Member

Re: Good time/bad time

How are you going to meet that multitude of needs, wants, and desires, with technical features about a machine made of plastic and steel? The answer is, you're not. The features of the car are only ways of proving how the car gives the buyer the benefits. You have to relate those features and show how they will make real the pictures and feelings they have about the car they are going to buy.

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Posted : 28/05/2012 11:41 am
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