Business advisory services are provided by independent consulting companies or independent consultants. The process has approximately the following sequence:
- Goals are set that need to be addressed in your enterprise. For example, you want to improve your work efficiency.
- The assessment of the current state and the methodology used by the client company is carried out, as well as the identification of urgent problems. The consultant examines the existing management system and the level of staff qualifications.
- Based on scientific (proven) theories and data, recommendations for process optimization are provided. For example, you are encouraged to cut unnecessary positions and take one more qualified employee instead.
- In case of a positive decision on the application of the proposed adjustments, a plan is drawn up for the introduction of a new methodology at the enterprise.
- The new model is being integrated into the activities of the client’s company.
Consultants of CAC rely on models of effective business-building known in the world practice, as well as use their theories.
When deciding on implementation, it is important to understand that the consulting company does not bear responsibility for achieving the goal, which means that an inexperienced or unqualified consultant may even worsen the situation. To let it work effectively, you need to understand whether you need consulting or not.
Several signs can be distinguished when the help of an expert is required:
- Lack of fresh ideas;
- Low labour productivity and lack of specialists;
- Lack of investment and difficulty in finding them;
- Lack of experience and knowledge in the field of technologies that need to be implemented;
- Legal and tax problems;
- It is necessary to resolve the issue on which it is not possible to come to a common solution;
- Difficulty completing a specific project;
- There are communication problems between departments and levels that negatively affect the operation of the company.
Features of the consulting services
When choosing a consulting company, it is very important to understand whether it will be able to provide a solution to all the necessary tasks or not?
Consulting is a fairly wide range of services that can be provided in various formats, it is classified according to several parameters and characteristics.
By resorting to business advisory services, you can get the following benefits:
Solving the existing problems of the company with a positive result (reducing costs, increasing profits, optimizing the work of subordinates and the enterprise as a whole).
Saving the budget of wages. Hiring consultants is more profitable in comparison with hiring specialists for permanent staff.
Getting more qualified services. Being in constant communication with various companies, as well as engaged in continuous improvement of their knowledge, consultants have a broader knowledge in various fields and bring a fresh perspective on solving existing problems.
The consultant’s opinion is independent, in contrast to the company’s employees, who may pursue personal interests.
We suggest you consult the expert business advisors of CAC as they will help you develop strategies suitable for your business growth and expansion.