A common statement any entrepreneur says is, “I would love some help, but I’m pretty sure I can’t afford it.” And it’s true, there’s no such thing as free help (generally) – especially in the consulting world. However, at Volcon we want to help entrepreneurs and we really mean it.
We grow when you grow.
Other consultants will charge $1,000-$50,000 for a specific consulting tasks – change management, leadership coaching, corporate restructure, etc. This is what is called a “Project Based Consulting Fee.” And we’ll be honest – there’s a need for that in this world. But generally, this is what you need when you are a mid-enterprise level business that has a very specific need.
There are some consultants that have a program, and you guessed it, they charge a “Program Based Consulting Fee.” You are essentially buying and paying for a program and having the consultant work with you through the rigorous content. This CAN and WILL help certain people. And we admit that there are great programs out there. The downside is that a lot of these programs are about $500-$2,000 a month and generally have an expiration date. Moreover, they tend to be very “out-of-the-box” programs that may or may not fit your specific needs.
Another way to pay for a consultant is a “Monthly Retainer Program” – you pay a fee of about $1,000-$20,000 a month and you have quick, any time you want, consulting from a consultant who is invested in keeping you happy. They’re generally there to help you with the really big decisions and mostly there to keep you from getting into too much trouble. These tend to be offered by lawyers and CPAs.
But then there’s us.
We offer a “Performance Based Consulting Model” – which means we grow when you grow. The way it works is that we do work on a small retainer, just like a retainer consultant, but we generally charge less than the average retainer consultant. And we are okay with being paid less on the retainer because we want to make more on the back end.
What does that mean? We charge a percentage of NET GROWTH in your company.
For example, say ABC Company makes $30,000 a month and decides to hire us. After a few months their sales grow to $50,000 a month. We charge a small percentage of the $20,000 difference.
How do we determine the prices and percentages? A little bit like a venture capitalist but a lot through negotiation and knowing how much work there will be involved – but we make sure it’s fair to you, the business owner.
Note: the % of growth is NOT an ownership stake in the company, just a consulting fee.