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Why are consultants so expensive?

“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur” – Red Adair

Red was an expert in fighting oil well fires. The job had to be done, and it had to be done right. Failure would be disastrous and potentially deadly.

In your own business the cost of failure can be also be high. It is natural to seek to save costs, but a wrong decision can be a false economy.

Project failure could mean that you have to start all over again, wiping out any possible savings you might have hoped for; and the delays, additional costs compensating for an inadequate solution, and potential loss of reputation, could haunt your company for years to come.

There are usually many ways to approach a problem. There are online resources which can help. Some material is excellent, but a lot is biased, ill-informed or just confused.

In whatever field, professionals have years of experience, handling many different situations; and in doing so learn many lessons and insights which you just don’t find in books (or online.)

I guess in recent times people have had to cut their own hair or even pull their own teeth. But given the choice, would you?