What is Business Consulting?

Business consulting is a process in which expert consultants help you to solve business problems, make better decisions and improve your company. As a business owner, you could benefit from the expertise of a skilful consultant who knows how to help you:

• make better business decisions that lead to increased profit
• increase operational efficiency through lean processes  
• improve customer service and increase customer numbers
• avoid costly mistakes by avoiding common pitfalls
• improve organisational culture
• achieve business certifications and ISOs
• develop your leaders and managers
• achieve business transformation

What do business consultants do?

‌Business consultants can provide guidance and support in specialised areas or general business principles. For example, many consultancy firms and practitioners specialise in different areas such as transformation, mergers and acquisitions, asset management, organisational culture, or logistics.

Business consultants are experts

Business consultants are experts in their field and know to help you grow your business. They help business owners make better decisions, focus on what is essential, and solve problems. They know how to succeed and won’t waste your time or money.

Business consulting is about growth and development

A business consultant may undertake some or all of the following:

• Provide a fresh, impartial perspective on your business pain points.
• Identify opportunities to achieve business growth.
• ‌Assist you with large-scale organisational change initiatives.
• Develop leaders and managers.
• Provide specialist industry expertise.
• Assist with the development and execution of strategic business plans.
• Provide strategic analysis or market research on competitors.
• Provide specialist expertise in leadership and management.
• Help you manage business risk.
• Assist with projects or programmes.

What are the advantages of business consulting?

‌Working with a business consultant can provide excellent value to your company. You should seriously consider taking advantage of the impartial professional perspective they can bring. There is also the added benefit of the consultant having no other agenda than the success of your business. They will not be interested in organisational politics or competing with other leaders and managers. They will give you the truth as they see it, and it could open your eyes to problems you did not know you had.

The good news is that they will keep going until they find the root causes of the issues. Usually, once the root causes have been investigated and confirmed, the consultant can also help you fix the problems.

‌Business consulting takes a strategic view

Business consultants take a strategic view of your business which can provide meaningful insights which add value. Experienced business leaders and owners may need help to see the whole picture. They are often part of the operations and processes and are hindered by organisational bureaucracy and internal politics.

Business consulting focuses on the critical areas of your business

It’s essential to focus on the critical areas of your business rather than everything you do. If you’re working with a consultant, they’ll help you figure out the key areas and how to measure efficiency and success in each area.

Remember what matters most in your business so you can make intelligent decisions about what needs to be done. A good consultant can help by tracking metrics showing tangible progress towards company goals. 

Your team will benefit from business consulting

In addition to improving the skills and knowledge of your team, business consultants can help your organisation make better use of its resources. They are skilled in facilitating team communication and developing organisational culture, which can improve staff members’ productivity and motivation. The consultant will also help companies grow through strategic planning and organisational development. As a result, businesses that work with consultants typically grow faster than those without them.

They can help you make better decisions

As a business owner, you know a lot needs to be done, and you need more time. Delegating tasks effectively can be challenging in these circumstances. Business consulting helps you empower effectively by guiding how best to get the job done and enables you to make better decisions based on your strategic goals.

You need clear goals and objectives for your organisation to succeed so everyone knows what’s expected of them at every level within their department or team. Without this structure in place, decision-making becomes ad-hoc at best or non-existent at worst. Your company will waste valuable resources as employees work inefficiently on projects that don’t add value or produce results that contribute to the strategic objectives that have been set.

Don’t be afraid to ask a business consultant for help

If you’re ready to grow your business but need more time or knowledge to do so, it’s time to consider hiring a business consultant. When using a consultant, ensure they have the requisite experience from working with businesses like yours and whether they have the skills required for your project.

Management consulting to support your business change initiatives

Organisations are dealing with change initiatives more often than ever. Consequently, they must be able to adapt to keep up with challenges in the macro environment. Managing project milestones and transformation simultaneously without negatively impacting business-as-usual activities is difficult. Often the challenge is too much for the existing internal resources to deliver. Accordingly, management consulting support is a prudent option.

Our management consultants are well-equipped to support organisations with business transformation by utilising best practices for change management.

How much does business consulting cost?

Business consulting costs vary depending on the type of consultancy services required, the length of the project, the location and the complexity involved. At Strategic Goal Management, we often break down consultancy projects into phases that can be built upon and reviewed at key points to control costs. If phase one of the project has achieved the intended results or business outcome, the client will see the benefit of progressing to stage two. as less of a business risk due to the proven value.

Our consultants will help you to clearly define the scope, deliverables, resources, timeframes, and methods. Consulting represents value because the organisation gets all the consultant’s expertise of the consultant(s) for a set period without having to hire permanent resources that would increase the company’s overhead. Consequently, business-as-usual activities are not impacted as heavily when using external resources as they will take a significant part of the management load.

Business Consulting Services

Strategic Goal Management operates with integrity and professionalism. We will only take on projects and work with organisations where the result for the client will be to create significant value. We are happy to signpost to niche consultants where we do not have the requisite skills or knowledge in-house because our reputation and 100% customer satisfaction are important to us.

Our expertise could take your business to the next level. We aim to accelerate your business growth by providing bespoke business consultancy services.

Strategic Goal Management hopes this blog has increased your understanding of business consulting and why it’s a viable option for your business. If you want more information about how we can help you accelerate growth and achieve your business goals, please don’t hesitate to contact us.

If you are interested in Business Coaching, look at this linked resource.