Service Business Talks with Fexingo: Consulting, Agencies, and Professional Services

Fexingo

Lucas and Luna sit in a consultancy lobby, portfolios open, and do what most business shows avoid: they talk about the actual mechanics of running a professional services firm. From hourly billing vs. value pricing to the economics of partner tracks, from agency retainer structures to the hidden costs of 'scope creep' in consulting engagements. Each episode picks one real firm — a boutique strategy shop, a mid-sized PR agency, a solo CPA practice — and uses its public financials, client roster, or growth trajectory to illustrate a specific operational or strategic lesson. Lucas leads with journalistic rigor, citing profit margins, utilization rates, and churn data. Luna pushes back with the practitioner's view: what works on the ground when the client is in the room. The listener is assumed to be running or working inside a services business — or seriously considering starting one. No founder hagiography, no '5 tips to scale.' Just two sharp minds dissecting the numbers and decisions that separate a thriving practice from a dying one. How does a $10M agency actually build a sales pipeline? When does a consultancy's brand become a liability? And what does the balance sheet of a 50-year-old accounting firm reveal about succession? #Consulting #Agencies #ProfessionalServices #ServiceBusiness #PricingStrategy #UtilizationRate #ScopeCreep #PartnerTrack #RetainerModel #BillingModels #PracticeManagement #ClientChurn #BusinessOfServices #FexingoBusiness #BusinessPodcast #Business #Careers #ManagementConsulting Keep every episode free: buymeacoffee.com/fexingo

  1. 5d ago

    Why Consulting Firms Are Buying Their Own Credit Unions

    In this episode of Service Business Talks with Fexingo, Lucas and Luna examine why major consulting firms are acquiring or partnering with credit unions. They trace the trend back to the 2023 banking liquidity scare, which pushed firms to secure stable, low-cost funding for their own operations and for client projects. Using the example of a fictional mid-sized consultancy that opened a captive credit union, they explain the mechanics—how member deposits provide a cheaper capital base than commercial lines of credit—and the risks, including regulatory scrutiny and reputational backlash from small banks. The hosts also explore how this strategy lets firms offer financing to their clients, effectively turning credit into a service differentiator. They discuss the trade-offs: the need for compliance expertise, the potential conflict of interest, and the cultural clash between consulting and banking. The episode closes with a practical takeaway for firm leaders considering a captive credit union: start with a pilot program and bring in a seasoned banker early. Tune in for a data-driven look at a quiet but significant shift in professional services. #ConsultingFirms #CreditUnions #BankingTrends #BusinessStrategy #FinancialServices #ProfessionalServices #CaptiveFinance #RegulatoryCompliance #ConsultingIndustry #FexingoBusiness #BusinessPodcast #ServiceBusinessTalks #LucasAndLuna #BankingLiquidity #ClientFinancing #SmallBusinessLending #NCUA #AlternativeBanking Keep every episode free: buymeacoffee.com/fexingo

    Why Consulting Firms Are Buying Their Own Credit Unions

About

Lucas and Luna sit in a consultancy lobby, portfolios open, and do what most business shows avoid: they talk about the actual mechanics of running a professional services firm. From hourly billing vs. value pricing to the economics of partner tracks, from agency retainer structures to the hidden costs of 'scope creep' in consulting engagements. Each episode picks one real firm — a boutique strategy shop, a mid-sized PR agency, a solo CPA practice — and uses its public financials, client roster, or growth trajectory to illustrate a specific operational or strategic lesson. Lucas leads with journalistic rigor, citing profit margins, utilization rates, and churn data. Luna pushes back with the practitioner's view: what works on the ground when the client is in the room. The listener is assumed to be running or working inside a services business — or seriously considering starting one. No founder hagiography, no '5 tips to scale.' Just two sharp minds dissecting the numbers and decisions that separate a thriving practice from a dying one. How does a $10M agency actually build a sales pipeline? When does a consultancy's brand become a liability? And what does the balance sheet of a 50-year-old accounting firm reveal about succession? #Consulting #Agencies #ProfessionalServices #ServiceBusiness #PricingStrategy #UtilizationRate #ScopeCreep #PartnerTrack #RetainerModel #BillingModels #PracticeManagement #ClientChurn #BusinessOfServices #FexingoBusiness #BusinessPodcast #Business #Careers #ManagementConsulting Keep every episode free: buymeacoffee.com/fexingo