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Posts tagged Business Consultancy
How to Get More from Your Business Consultants
Aug 25th
A lot of businesses engage business consultants to improve their performance, including online marketing consultants, general marketing consultants, HR, general business consultants, etc. Yet many fail to get the best value from the business consultancy and view this as a costly exercise instead of an investment. Why?
Take a look at these valuable tips you need to follow to ensure your business consultants can do their best for your business.
1. Communicate and work with them
Business consultants are like housemaids that you hire for your mansion: if you do not tell them which rooms need particular cleanup and how to operate the vacuum cleaner, chances are they’ll do something you don’t like and your house won’t be clean.
2. Be Transparent: Honesty is the best policy
Do not lie to your consultants. Let them understand fully your business practice. Consultants need to treat your business as their own business to understand the intricacies, identify pitfalls, and secure opportunities for you.
3. Set Realistic Goals and Milestones
For consultancy to achieve results, first you need to determine what “good results” are. Set specific goals (desired outcomes) of the consultancy, and program achievable milestones which define “good progress” (Key Performance Indicators – KPIs).
4. Measure! Measure! Measure!
Measure your progress. Use Analytics, measurement systems, and periodic reporting/data audits.
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Loading ...Business Consultants – Business Consultancy – Professional Advice is Important
Aug 12th
Business consultancy and Business consultants are as varied and dynamic as their client requirements. Business Consultants can be individuals or organisations in the public, private or non-profit sectors and provide professional business consultancy services, skills and in-depth knowledge to solve client problems or meet specific business goals. The expertise of business consultants and business consultancies across many disciplines delivers enhanced economic performance, and in many cases, may have a global impact.
Organizations and companies, big and small, can and should hire services of business consultants for many reasons, including getting external and objective advice, access to the business consultants expertise, or simply as extra one-time temporary assistance during a project, where hiring of permanent and salaried employees is not essential. Due to their exposure to different situations and problems and their relationships with numerous companies and organizations, business consultancies are more aware of an industry’s “Best Practices”.
(No Ratings Yet) Loading ...Special Forces Business Consultancy
Aug 9th
I believe there is a time when every business consultant should leave a business. The problem is most consultants refuse to recognise it when the time comes. Many consultants get entrenched in a business and are quite happy to cruise along because they need the fees. It doesn’t matter how good or how experienced the business consultant might be, when it’s time to go, it’s time to go. The first red flag is generally when the business owner feels he or she is no longer receiving more value than cost. Frequently the business consultant should be aware of this situation before the client is.
Sometimes it’s the business consultants call on terminating their contract with a client or business. Typically this manifests every time you raise your fees. i.e. You’ll typically lose approximately 15% of your clients. Successful consultants regularly cull the bottom 15% of their client base as part of their growth strategy. This allows the business consultant to reach out and expand the upper levels of their client base. In its simplest format you cannot expect your business to grow if you retain all your paid clients. You will at best plateau and hit the financial tipping point.
Consultants who work on a daily rate or per-diem are generally practicing their trade. Their aim is to maximise short term cash flow. For sure this statement will have consultants across the four corners of the globe cursing under their breath. I have attended business growth seminars where the guru presenter has told the attendees to work out a billable day matrix. I.e. establish how much annual income they require and then divide it to identify your daily billing rate.
After deducting weekends, bank holidays and individual holidays, approximately 220 billable working days remain in an average year. Deduct 30% of these days for marketing, business promotion and other non revenue generating activities. Then assume a 70% booking rate leaving a total of 154 days to generate revenue. Assume an annual salary requirement of £120,000 which dictates a daily charge out rate of just under £800 per day.
(No Ratings Yet) Loading ...Business Consultancy One Stop Shop, From The Art Of Business War By Dr. Mark D. Yates
Aug 2nd
As a business consultant at www.businessconsultancyonestopshop.com a lot of HR personnel have been contacting me to find out more about our one stop shop approach to business consultancy. The best way to present my response was to write a brief article titled business consultancy one stop shop, for the owners of www.businessconsultancyonestopshop.com
Dr. Mark D. Yates states, I’ve spent a lot of years directly involved in business consultancy and have always felt unhappy that none of the major or even any of the smaller business consultancy agencies offered a true one stop shop approach to a business consultant.
In this age of advanced technology and internet and e-commerce sales rocketing it’s inconceivable that none of the business consultancy agencies have spotted this niche in the market. Many other business sectors have recognised the need for a one stop shop business concept and have filled the gap by providing this online service to people related to their specific industry.
Dr. Mark Yates from “Business Consultancy One Stop Shop explains that we live in an age that only appears to recognise ‘now’. People, especially every professional business consultant I know has an expectation that they ought to be able to find everything they need for their business consultancy business under the one roof, and they want it from the internet and they want it now.
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