How do management consultancies make profit? How's profit calculated? Who is responsible for keeping the firm profitable? What happens if a consultancy makes a loss on a particular consulting project? How are losses recovered? How can you keep your project profitable? This video contains insights on how consultancies manage their P&L - who within the firm is managing it, and how they do it.

00:00 Channel Intro
00:32 Context
01:09 How consultancies earn revenue
02:54 How consultancies work with costs
04:50 How consultancies continuously manage P&L

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This is a privately managed channel. All opinions in the content on this channel are the personal opinions of Charlie, the owner of the channel, and are not the opinions of any consulting firm.