Lessons Learned to Avoid the Dumb Tax
Running a boutique firm is not for the faint of heart. For years, there were not great resources to guide us, so we did what we do as pioneers; we figured it out. Many boutique firms start as smaller, leaner versions of larger firms. Often with the idea that we can improve on the traditional approach of “big business.” Yet, a boutique has its own distinct challenges and requires a unique mindset. It’s essential to know the differences between a boutique and a large consulting firm. What follows are eight key lessons I’ve learned. My friend Greg Alexander uses the term “dumb tax” a lot. Most of my recommendations come from paying that tax too often.
