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.
My fiance was talking about looking into getting a business purpose consultant. He is interested in the many benefits and ways that this consulting would add to the efficiency of a business. I think it is a great idea too since it will help keep him on track and help them talk through issues.
If there is something we can help him out with, just let us know!
I hadn’t really thought about how most businesses could benefit from having a consultant, but you do raise some good points in the article. After all, it does make sense that they would be able to help you stay on track. However, they might be able to help you with other things such as suggesting the type of insurance you might need.
My sister is going to start a small business this year since she has always dreamed of being the employer and not the employee. She is looking forward to the growth of it, so she plans to seek consultants every now and then. And I think that she just has the best decision ever because consulting the experts will help her business have a strong foundation to keep it growing in the future. Like you said, there are areas in a business that some people are not that really knowledgeable enough. Thanks!
I really like what you said about how business management consultants have knowledge from being in the industry for years. My brother-in-law works in consulting and I have always wondered how he knew so much about all the different options that have come out to make businesses more efficient. You explained it nicely, so thank you for the information about how they can give you helpful insight into trends to help better prepare a company for growth.
I loved it when you said that business consultants have the years of experience needed to direct the company to the right path in order to promote its growth. That is good to know and important as well, especially if the person plans on starting a rather complex business. A friend of mine plans to build a business related to the environment. It’s not really common in our town, so I think he needs assistance.
It sure is nice that you talked about how 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. I can only imagine how much stress business owners endure on a day-to-day basis. If I were to run a small startup, I’d definitely want a business consultant by my side to help me weigh out my options better. I would think having someone with a fresh, outside perspective can definitely help with my company’s growth.
It is interesting how small businesses have different problems than large corporations. One of the things that I really like about the idea of small business consultants is that they can focus on how to make a company adapt to the current and future marketplace. While doing that the small business can very quickly adapt.
I am planning to start a small business in my city and this article helped a lot and answered questions I have in mind. Thanks!