WOSB Recertification

We are continuing to celebrate a memorable week at Croixstone Consulting! In follow-up to our news on September 26, 2022 that we have received national recertification as a Women’s Business Enterprise (WBE), Croixstone is proud to announce a second achievement this week.

Our CEO, Patti Weber, announced today that Croixstone has been granted recertification as a Women-Owned Small Business (WOSB). The certification was granted by the Greater Women’s Business Council (GWBC), a regional certifying partner of the Women’s Business Enterprise National Council (WBENC), who serves as an approved third-party certifier for the U.S. Small Business Administration’s WOSB Federal Contracting Program.

This latest achievement fuels continued growth opportunities for Croixstone by allowing the firm to compete for federal contracts set aside for the WOSB Federal Contracting Program.

Read our Press Release here.


WBE Recertification

The Croixstone team is excited to announce that we have received national recertification as a Women’s Business Enterprise (WBE) by the Greater Women’s Business Council, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC).

Croixstone was first certified as a WBE in 2020. The enterprise certification is a powerful tool that enables Croixstone to expand the firm’s visibility among decision-makers in supply chain diversity and procurement.

Read our Press Release here.


Consulting Industry Trends

So what is the big picture in consulting?

The Croixstone Consulting team dedicated some time last week to dig into the latest research to provide some fresh perspectives in answering this question. Here’s what we found.

  • Global Consulting Market: Was estimated at $132 billion USD in 2020 (Statista)
  • North America: Is the largest consulting services market worldwide with annual revenues estimated at $64.4 billion. (Statista)
  • Regional Analysis: North America and Europe are highly mature markets contributing to 75% of the global consulting market revenue. (Beroe)
  • Number of Management Consultants in USA: 768,450 (Statista)
  • Growth Rate: Management consulting is anticipated to grow at a CAGR of more than 6 percent from 2021 to 2026 (Beroe)
  • Growth Drivers: The demand for operational efficiency, regulatory compliance and technology improvements. (Beroe)
  • Demand by Industry: Financial Services (25%), Manufacturing (16%), Public Sector (14%), Natural Resources & Power (12%), Wholesale & Retail (10%), Healthcare (7%), Communications & Media (7%), Aerospace & Defense (4%), Other Industries (5%) (Beroe)
  • Profits: Over the next 5 years, management consulting industry profitability is expected to remain steady as rising global business sentiment and profit drive new businesses. (Beroe)
  • Disruption: New business models such as crowdsourcing and network-based consulting are evolving in the industry, which can be disruptive in nature. Think of Wikistrat, HourlyNerd, and Business Talent Group as examples. (Beroe)

Croixstone Consulting is a boutique management consulting firm known for connecting the brightest minds in business and community. Learn how we drive business outcomes by accelerating and sustaining transformations here.


2022 Global Supplier Diversity Accelerator Program

The Croixstone team is celebrating!

In June of 2022, our CEO and co-founder, Patti Weber, was accepted into the 2022 Global Supplier Diversity Accelerator Program (GSDA) sponsored by Santander US (the diversified financial business with $155 billion in assets and 15,000 employees) and Monica Motivates (a supplier diversity consulting firm).

GSDA offers training and development programs for supplier small businesses owned by women, minorities and veterans to enhance their skills and knowledge to win key business contracts.

Patti completed the 12-week program last week by flying to Dallas to deliver a pitch to a team of Santander US leaders including:

  • Dr. Virnitia Hendricks / Chief Diversity Officer
  • Christopher Pfirrman / Santander Consumer USA Chief Legal Officer
  • Corley Cowan / Santander Consumer USA Senior Director Sales Strategy and Implementation
  • Jason Christensen / Santander Consumer USA IT Chief Operating Officer
  • Emiliano Ariel Diaz / IT Category Mexus Regional Lead

Congrats to Patti and her fellow program participants on a job well done, and thank you to the teams at Santander US and Monica Motivates for your commitment to supporting supplier diversity in such a high impact way.

Check out this LinkedIn post from Santander US regarding the Class of 2022 here.

Learn more about Santander US here.

Learn more about Monica Motivates here.


Martha Stewart and Leonardo da Vinci? They have more in common than you know.

Leonardo da Vinci.
Andy Warhol.
Walt Disney.
Martha Stewart.
Dwayne “The Rock” Johnson.

Two weeks ago, our Managing Partner and co-founder Mark Weber returned for a command performance to LOOM Coworking, Gallery and Event Space in Fort Mill, SC to share insights on the common thread that ties these five, highly accomplished professionals together.

The common thread?

Each of these famous people built a “portfolio career”, a style of working where a professional combines multiple streams of income to earn a robust living. Think of a portfolio career like an investment portfolio whereby you derive income from multiple streams that you professionally manage with a high degree of care, strategy and intentionality.

Portfolio careers are booming. In a recent article published by Ben Legg, the former COO of Google Europe, it was noted by the Organisation for Economic Co-operation and Development (based in Paris) in its Future of Work study that an estimated 50% of developed country workforces would be gig workers by 2030. Similarly, Ladders published a story that featured a forecast from Statista, the market research firm, that freelancers will make up more than 50% of the USA’s workforce by 2027.

So why are portfolio careers growing?

For starters, more and more professionals are realizing that they have the right and power to veer from the traditional career script. Many of the most skilled and intelligent workers crave both variety and challenge in their careers, and they find it fulfilling to meet their needs outside the traditional career path.

For these professionals, there is often a greater sense of purpose, clarity, and flexibility that accompanies the building of a portfolio career.

Respected thought leaders including Harvard Business Review and Forbes are publishing a growing body of articles and videos that are providing legitimacy to those attracted to the concept of a portfolio career. Additionally, a growing number of employers, including Croixstone Consulting, are intentionally building and diversifying their workforces by designing and implementing talent strategies focused on portfolio professionals.

Visit Croixstone Consulting’s Linktree to find a variety of links to learn more about the benefits and rewards of building a portfolio career.


Croixstone Consulting Turns “6”

The Croixstone Consulting team is celebrating its sixth business anniversary this month! Patti Weber and Mark Weber launched Croixstone as a boutique management consultancy in 2016. Their vision was to offer the world a highly differentiated business model in management consulting that would transform careers and businesses. The two entrepreneurs powered their vision by using their superpowers in strategic networking and relationship-building to connect the brightest minds.

In honor of the firm’s sixth business anniversary, here are six fun facts about Croixstone Consulting.

#1) Our name. Rivers are a hugely important part of life that connect humans in so many ways. The inspiration for Croixstone’s name is the St. Croix River (French: Holy Cross), a tributary of the Mississippi River that forms a border between the states of Wisconsin (the home state of Patti and Mark) and Minnesota (where the firm’s founders each began their careers).

#2) One more thing about our name. The correct way to pronounce the company’s name is “kroy-stone.”

#3) Our garage was a loft. Many of the world’s best known start-up companies were launched in garages. Croixstone launched its business in 2016 in Loft 309 of the former Lance Crackers building on South Boulevard in Charlotte’s booming South End Neighborhood. Not a garage, but a very cool loft to build a very unusual company.

#4) We LOVE constructive nonconformists. Business mavericks. Rebel talent. Call them what you will. One of our core beliefs is that these are the people who drive innovation in companies.

#5) We also LOVE portfolio professionals. We believe portfolio careers are the future of work. And so do many other thought leaders and futurists.

#6) Curiosity. One of our core values. We practice intelligent exploration and intellectual humility. We apply the best of our professional life experience, but always stay focused on what’s left to learn. From space exploration companies to solar farm developers to fintech unicorns, our curiosity has fueled Croixstone’s ability to build a truly unique client portfolio over the past 6 years.


Most USA Workers are Open to Leaving

The Great Resignation is a powerful force to be reckoned with, and it shows no signs of easing up.

Case in point…Willis Towers Watson, the insurance broking and HR advisory firm, polled nearly 10,000 USA workers during December 2021 and January 2022 to gather insights for its Global Benefits Attitudes Survey.

The Croixstone team read the survey results last week, and the insights are truly stunning.

  • Most USA workers (53%) are open to leaving their employers.
  • 44% of USA workers said they are actively looking for a new job and plan to seek new employment in the first quarter of 2022.
  • 4.3 million Americans left their jobs in January 2022, and a whopping 48 million workers left their jobs in the calendar year 2021.
  • 25% of workers feel stuck in their jobs and would leave if they could. The discontent is even higher as you move up the ladder, and it increases to 30% of managers and 55% of senior managers.

Learn more here.


We’re Celebrating our Nomination for 2022

The Croixstone team is in a celebratory mood! The firm and our CEO, Patti Weber, have been nominated for the 11th annual 2022 Charlotte-Mecklenburg Crowns of Enterprise Awards.

The Crowns of Enterprise Awards recognize and honor small businesses that demonstrate exemplary leadership and sound business strategies. Charlotte-Mecklenburg strives to acknowledge and display the hard work and resilient efforts of the community’s local small businesses, illustrating the positive footprint and economic impact they have on Croixstone’s home town.

Winners will be announced during the annual Charlotte-Mecklenburg Crowns of Enterprise Awards Ceremony taking place on Thursday, May 12, 2022.

Learn more here.


LinkedIn is Rightfully Tackling an Archaic Stigma

With the demand for labor at historically high levels and workers continuing to quit their jobs at historic rates to take advantage of that demand, there has never been a better time for employers to break free of archaic rules of hiring.

For a reason that has never made sense to us, employers have traditionally scoffed at job candidates with breaks in their employment. In fact, two of our senior female leaders, Patti Weber (CEO) and Grace Lynch (Senior Manager, Business Operations), have taken breaks during their impressive careers to raise children.

We applaud LinkedIn’s news this week that it is rolling out a new feature called “Career Breaks” to all LinkedIn users allowing professionals to provide more context around breaks in employment.

Learn more about the LinkedIn Career Breaks feature here.


Management Consulting and 5 Trends Shaping Its Future

The first management consulting firm was launched in 1886 by Arthur Dehon Little in Boston, MA. More than 135 years later, there are megatrends (like any other industry) disrupting and shaping the future of the industry where Croixstone practices as a a boutique firm.

Rick Eager, Partner Emeritus at Arthur D. Little, recently shared five trends that he believes are key for consulting firms to embrace in order to successfully navigate the rapidly changing landscape.

These five trends include:

  • Success demands great senior-level involvement
  • Open consulting is key
  • More skin in the game
  • Connectors and navigators
  • Embracing new technology is vital

Learn more here via Consultancy.uk.