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The Top 5 Mistakes Professional Services Teams Make and How To Avoid Them

The Top 5 Mistakes Professional Services Teams Make and How To Avoid Them

Published by: Research Desk Released: Mar 16, 2020

The professional services industry has grown to more than $4 trillion in global revenues, with annual growth surpassing almost every other sector.

With technology playing an increasingly important role in the economy, the growth trajectory for technology businesses with a strong professional services organization (PSO) is seemingly limitless.

Unfortunately, not all PSOs will be able to effectively take advantage of this growth. Why not? These organizations face a number of challenges, from increased competition to lack of available skilled resources. Timeframes for project completion are shrinking all the time. Market volatility can make it difficult to predict where the next project is coming from. These challenges may be universal for many PSOs today, but the way that organizations address them can vary widely–and can mean the difference between succeeding and floundering.

To help navigate this promising but challenging environment, we’ve identified five common mistakes seen within the professional services industry, as well as practical strategies for avoiding them.