The professional services industry has escalated to more than $4 trillion in global revenues, with annual growth surpassing almost every other sector. Unfortunately, not all PSOs will be able to effectively take advantage of these circumstances due to increased competition to lack of available skilled resources. Timeframes for project completion seem to be shrinking all the time, while market volatility can make it difficult to predict where the next project is coming from.
To help navigate this promising but challenging environment, we’ve identified five common mistakes seen within the professional service industry, as well as practical strategies for avoiding them.