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Tanika is planning to open a consulting practice based in a shared office facility. Her monthly fixed costs will total $2,500 plus she must earn at least $7,500 per month to replace her salary and benefits. She plans to charge $65 per hour for her consulting services and will have direct costs of $15 per hour for a gross profit of $50 per hour. How many hours of consulting must she bill per month?
Special Assignments
Tasks or projects assigned to employees that are outside their regular duties, often designed to challenge them and promote growth or to fulfill specific organizational needs.
Executive Coaching
A personalized development process where experienced coaches provide guidance to executives and high-potential employees to enhance their leadership skills and performance.
Formal Training
Structured educational programs designed to enhance the knowledge and skills of participants in a specific area or discipline.
Flexibility
The ability to adapt to changes, challenges, or new requirements quickly and efficiently.
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