Professional services
From Wikipedia, the free encyclopedia
Professional services are infrequent, technical, or unique functions performed by independent contractors or consultants whose occupation is the rendering of such services. While not limited to licentiates (individuals holding professional licences), the services are considered "professional" and the contract may run to partnerships, firms, or corporations as well as to individuals. Examples of professional services contracts include: accountants, actuaries, appraisers, archaeologists, architects, attorneys, brokerage firms, business consultants, business development managers, engineers, law firms, physicians, performing artists, public relations professionals, recruiters, researchers, and real estate brokers. The selection of an independent contractor or consultant providing professional services is usually based on skill, knowledge, reputation, ethics, and creativity. Price for services may be a secondary factor in the selection. Defining independent contractors or consultants as professional suggests that they do not derive any financial benefit from service or product providers that are recommended in the consulting engagement.
The term "Professional Services" is frequently used by corporations such as banks and retailers that offer infrequent or ongoing services for their customers.
[edit] What a Professional Service Provider looks for
- Experience. Although it's not essential to find an expert in your particular field, it makes sense to look for someone who specializes in small-business problems as opposed to, say, maritime law. Make sure the professional is willing to take on small problems; if you're trying to collect on a relatively small invoice, for example, will the lawyer think it's worth his or her time?
- Understanding. Be sure the professional is willing to learn about your business's goals. You're looking for someone who will be a long-term partner in your business's growth. Does the professional understand where you want to be tomorrow and share your vision for the future?
- Ability to communicate. If the lawyer speaks in legalese or the accountant uses lots of arcane financial terms without bothering to explain them, look for someone else.
- Availability. Will the professional be available for conferences at your convenience, not his or hers? How quickly can you expect emergency phone calls to be returned?
- Rapport. Is this someone you can get along with? You will be discussing matters close to your heart with this person, so make sure you feel comfortable doing so. Good chemistry will ensure a better relationship and positive results for your business.
