While small business owners are highly skilled in their particular field, they tend to be lacking on the actual business side of things. Generally, they offer top-notch professional services, and master-crafted products, but do the bare minimum when it comes to bookkeeping, marketing, or other administrative tasks. Many self-starters have a tendency to want to do everything themselves. This can be counterproductive since seeking expert advice from other professionals, as well as delegating and outsourcing various tasks, will keep you from the trenches of drudgery.
As we have discussed previously, an average of 6.8 hours a week is wasted by business leaders on tasks that they could have hired someone else to do for less than their own hour was worth, according to a study by Inc.com. Listening to sound advice can help you skip the process or trial and error, and help you find your path to success much faster. Working with a professional business consulting service is the most foolproof way to do all of the above.
Business Consulting is a professional service that helps businesses improve performance by offering guidance and support, in order to identify goals and achieve them. This is an exceptionally beneficial resource for small businesses who have fewer resources, and are generally less knowledgeable, than their larger competitors.
Hiring a business consultant saves time and money-
Bringing in experts will drastically improve the efficiency of day-to-day operations, and in turn, will lead to higher profits. An experienced consultant will be able to point out aspects of your business that need to be refigured, what tasks should be outsourced, and bring to light all practices that need to be scrapped completely. 99.9% of businesses in the US are small businesses. Of the 33.2 million small businesses in the US, less than half have hired a consultant. would happen if all of these companies utilized consulting services? We would see much financial growth for small businesses. For example, The Tea Spot- a small tea company- saw a 50% increase in online sales after working with a consulting firm, according to Forbes.
There is no sense in trying to be a one person show and handle the entire business alone. You will eventually find yourself burnt out, exhausted and your business growth stunted.
A good consulting service will develop a clearly defined plan for your business-
They can help you with everything from drawing out a business plan to formulating a marketing strategy to break into a new target market. The great thing about outsourcing business consultation, is that you can pick and choose what services you need to pay for instead of having the cost of a full time employee. Your small business consultant should be able to help plan for success, and have an extensive network of professional connections for implementing that plan.
Consultants offer an outside perspective-
Seasoned consultants have typically worked in multiple industries. They offer advice that has been honed through aiding many different types of businesses. One very beneficial quality of a good consultant is that they bring in an outside opinion that is distanced from any emotional attachment, and is based on facts alone. This is especially valuable for owner/operators who are completely immersed in their business and see it as their “baby.” Bringing in a trusted advisor can help eliminate blind spots, in order to make smarter financial decisions.
Professional Consulting services give the average small business an edge-
Small businesses face challenges that larger companies aren’t as affected by. Corporations and other big companies have an abundance of assets at their disposal, cutting edge tools, and an extensive list specialists that they work with. Small business owners may possibly have a harder time finding the best course of action to help them compete with the “big dogs.” A professional small business consultant will provide valuable insight that will give your company a considerable competitive edge. Applying the tools and implementing strategies that they lay out will lead to optimized performance, higher customer satisfaction, and therefore substantial increases in revenue. In fact, small businesses that worked with a consulting service saw revenue increase by an average of 32%, according to a study by the National Small Business Association.
In conclusion, business consultants can improve the performance of your small business, while taking some of the weight off of your shoulders; giving you the time and energy to focus on your goods or services. Taking advantage of this service will improve the efficiency of your company and drive up customer satisfaction, which will lead to extensive growth and increased profits.
Contact Omnis today to set up your first appointment for small business consultation services. We can set up a remote session or a physical consultation at our office on Main Street in Sarasota, FL. This is a great first step to take toward a healthier, efficient and more successful small business! Let us help you get back to your dream job!