consulting

  

Definition

The providing of expert knowledge to a third party for a fee. Consulting is most often used when a company needs an outside, expert opinion regarding a business decision. For example, a company seeking to sell its products abroad may look for a consultant familiar with the business practices of the target country. The consultant will tell the company what best practices should be followed, what to expect from customers, and how to deal with foreign regulations.

Use consulting in a sentence

  • I was asked by my manager if the consulting on the shipping of there new product was going as planned.

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  • Judy tried consulting her daughter when she came to her asking for help in getting into a top tier college since Judy had graduated from Yale.

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  • The accounting firm provided the new company with their consulting services at a discounted rate for the first year that they are in business.

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Notable Quotes

  • 9 Ways to Develop Consistant Revenue Streams (7 of 9)
    "7. Consulting - Some people don’t really need you to DO any work, just GIVE them advice. Many times they will need it more than once! See how many companies you can wrangle up where you can consult them a few hours a month to help keep them in the right direction. Help them track the results, and if they do well because of it you can be sure they will keep you around for months to come."
    - GoldBusinessTips



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