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Job Survey: Principal

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Location: Mt. Laurel, NJ
Company: TGA Business Advisory Services
Experience: Executive
Highest Level of Education: Undergraduate Degree



Job Responsibilities
Providing management consulting services to small and medium sized business owners. Amount of time spent is dependent on how many active clients. Goal is 40 hours per week, with 75% consulting and 25% prospecting.
Job Requirements
Business experience either at the executive level in a major corporation, or as a successful business owner.
Uppers
Seeing a small business owner succeed.
Downers
Knowing that I can help a potential client, but having them turn me down, especially if I later learn that they are in a worse position or have failed.
Lifestyle
Work hours are dependent on how many active clients I have, or want to have as I am an independent contractor. At this stage in my career I do little travel outside the local area, but this is my choice. Social events are usually with other consultants or others n the industry. Dress code is usually dependent on the client; my first call is always in a suit, but after that it is whatever the client is comfortable with. Diversity is rarely an issue; business owners are more interested in knowing if you have the experience and expertise to help them.
Compensation
Usually an hourly rate in the $250/hour rate, but this can be negotiated especially if a long-term contract is offered. Have done some work on a commission basis, and some that is a split fee with other consultants.
Advice to Jobseekers
Small and medium sized business owners have few resources, but are usually the ones who need it most. I offer assistance as a "corporate staff" without having to hire anyone full time. In order to have credibility, you must have extensive experience and success. Few small businessmen are interested in a high buck MBA, but they are interested in someone who ha been there and done it already.

This Principal career survey is just one of 1000s of exclusive career surveys available on Vault. Find out what it's actually like on the job with Vault's job surveys.

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