Monday, September 24, 2012

What Does a Good Business Consultant Do for a Company?

A Good Business Consultant Has Extensive Experience

A good Business Consultant has experience working in and working with a broad range of businesses. It is the accumulated business history of a Business Consultant which makes the consultant valuable. A good Business Consultant is experienced in a lot of different types of businesses and industries, while also having very specific experience in running companies, in the financing of a company and most importantly in the marketing and sales of a company. Experienced Consultants have experience with companies in all stages of Growth: Existence, Survival, Success, Take-off and Maturity. The business consultant may also have a specialty as a Business Turnaround Consultant, helping struggling companies to turnaround and succeed again. In other words, a good Business Consultant has broad and narrow stroke experience and typically, 20 years or more of accumulated business experience. Having an MBA from a good business school isn’t enough. The Business Consultant must have solid real world experience with many types of companies in order to be an effective consultant.

Exactly What Does a Business Consultant Do?

First and foremost, a Business Consultant gets to know and understand your business. As the business owner, you know more about your business than anyone else. For this reason, a good business consultant will take the time to learn from you, your department heads and key employees what the ins and outs of your business entails. It is only until a complete understanding of your business that a Business Consultant can begin to help you.

Identifies Problems and Opportunities