Consulting Framework
To determine the viability of a consulting project, consider the following factors:
- Can the client easily find a solution online?
- Ideally, the answer should be “no”, indicating that the problem requires specialized expertise.
- What are the consequences of a failed solution?
- The cost of failure should be significant, but not catastrophic. This could include financial losses, reputational damage, or operational disruptions.
- How quickly can you deliver a solution?
- The faster you can deliver a working solution, the better. This demonstrates your value to the client and helps build trust.
- How confident are you in your ability to deliver a great solution?
- You should be 100% confident in your ability to deliver a high-quality solution. Anything less may undermine the client’s trust and make it harder to close the deal.