The leading cause of why small companies fail is not from lack of vision or motivation, but from incompetence and many of them will fail within the first 3 years of business. In my over 10 years of working with/for small companies, I have come to realize that many small business owners are passionate about the service(s) they provide or the product(s) they create but struggle with the business side of their company. My top recommendation for all small businesses is to get a business consultant to help keep their company moving forward; here is why:
- Gives you an outside perspective.
Many small business owners get tunnel vision when it comes to their company and they take their eyes off the bigger picture and can make decisions that can adversely affect their company. A business consultant can help you keep on track with your vision.
- Gives you industry knowledge that you may not have.
Having a consultant that has been in your industry for years can give you helpful insight into trends to help better prepare your company for growth.
- Helps you lay a solid foundation for growth.
Most small business owners struggle with the day to day administrative tasks that are required to run a business. Areas such as accounting, human resources, having an effective sales funnel, etc can be challenging for someone without knowledge in that area. A business consultant would be able to help you in those areas or direct you to a person that can help. Having a solid foundation in your company is essential for effective growth.
- Helps keep you on track.
With the many roles you have to juggle being a small business owner you can easily slide into survival mode and get off track to what it takes to grow your company. A business consultant can help by talking through issues and coming up with resolutions that will get you back on track and doing what you love.
It is true that most small businesses have a limited amount of income to work with, but just like we pay for insurance to have preventative care, the same principle applies to hiring a business consulting. By hiring a business consultant you can prevent wasting of your time, resources, money, and most importantly, your sanity.
If you are interested in talking more about getting a business consultant and how one can benefit you don’t hesitate to contact us. We would be happy to discuss how we can help your business grow.