More Recurring Revenue, More Project Based Revenues, and More Referrals for Consultants and B to B Professionals

Building a successful consulting practice requires the consultant to develop recurring revenue streams, more project based revenues, and a vibrant referral practice. Co-branded peer advisory boards are a perfect means for achieving these goals. A co-branded peer advisory board is a consultant facilitated group of eight to ten business owners that provides the business owners with the advice, structure, and accountability that they need to grow their business. This blog post will cover the top ten reasons to partner with a company that offers co-branded peer advisory boards.

1.       Co-branded peer advisory boards allow the consultant to develop a recurring revenue stream that they can count on and budget for each month.

2.       Co-branded peer advisory boards allow the consultant to develop a revenue model that is not so heavily dependent upon the billable hour.

3.       Co-branded peer advisory boards allow the consultant to develop a revenue model that can form the basis of a saleable business to fund retirement or a legacy for loved ones.

4.       Co-branded peer advisory boards help the consultant to become the most trusted advisor of the business owner participants and the first person they call when they need business advice.

5.       Co-branded peer advisory board meetings inevitably lead to more project based revenues for the consultant as the business owners formulate their strategic plan, identify their obstacles to success, and establish action items to achieve their goals.

6.       Co-branded peer advisory boards allow the consultant to achieve deeper substantive based relationships with their clients.

7.       Co-branded peer advisory boards establish the consultant as a need to know resource in the business community.

8.       Co-branded peer advisory boards lead to more client referrals because the consultant remains top of mind with their clients.

9.       Co-branded peer advisory boards are a proven method for helping clients become more successful.

10.   Co-branded peer advisory boards provide the consultant with actionable intelligence on the problems that are common to their target clients and this provides actionable intelligence that they can use to support their marketing efforts.

I am on the Board of Directors of a company that offers consultants and B to B professionals the opportunity to establish membership based co-branded peer advisory boards. If you would like to take your practice to the next level of sustainability and viability, please email me at bkerrigan@whcpa.com.

Brian Kerrigan