Business Advisor is one of those things that seem completely unnecessary and a waste of money until you make a profit out of it. They are in the priority queue even in difficult times.
However, a company that invests in good business advisors during these times is the one that weathers the storm and thrives even in tough times. Just as companies increase their ad spend while others are downsizing.
Every business needs an external review from time to time.
The advantage of hiring an experienced business consultant is first of all an initial assessment and complete business analysis. It gives you an outside perspective on your company and its processes.
Experienced business mentor can identify areas of inadequate and underperforming in your organization. This ability comes from two directions:
- Your previous business experience
- Have experience with other companies in the current market.
Likewise, business consultants identify potential problem areas as well as areas where changes can improve business performance. It’s like knowing other people’s mistakes but not being able to see where you might be making mistakes yourself. The problem we all have.
Before hiring a business consultant you can claim that you know every aspect of your business.
Now we all know that you wouldn’t change a thing because you would have done it a long time ago if you wanted to.
This is where the perks of the next level come into play.
The management consultant will provide you with specific steps and an implementation timeframe. This is where you pay big bucks to make sure you’re actually taking action to improve your business.
This may sound like more work to you, but a good business consultant will usually have you do less hands-on work and focus more on business growth, value, and efficiency. This is where you start to find out if they are worth it.
If your business develops the way you want and agree with your business consultant, you will be satisfied with the results. Only if you are satisfied with the results will a business advice benefit from working with you. Like anyone else, your management consultant seeks job satisfaction in terms of your satisfaction, because money alone does not solve problems.
Choosing the right business consultant can be the most difficult part of the whole task. Therefore, it’s important to know a little about the market before you get started.
The market is full of franchisees. These are people who have paid money to buy systems of business documents and information so they can sell them to entrepreneurs. Their only qualification is usually the ability to pay the required franchise fee.
Within this crowd is a mix of people with varying degrees of business experience in various lines of business. Now the industry they are in is completely irrelevant and should not be part of your decision making.
What should be factored into your decision making is the experience they have in your company. If they’re from a company and you’re not running a company, they’re not a good fit. If they are from SMEs and you are working in a group, they are also not suitable. Why, because the two different categories require different skills and speak different languages?
Your choice then depends on your overall experience and who you are comfortable with. Make sure the person has references and experience.
Kieran Perry is an experienced business consultant and sales professional who provide a wide range of bespoke business training, mentoring and sales coaching to clients in London and throughout the UK.