As a business owner, you have dreams. You began your company with certain goals in mind, some specific, some overarching and so far in the future that you’re not quite sure how to put them into words. You have the intuition, the know-how and the business acumen to get a small business on its feet, but at some point every company grows to the point that it needs a boost to break through to the next level and continue striving toward its true potential.
Business strategy consulting is the process of bringing in outside experts in any number of fields to provide objective, honest analysis of the challenges facing your business. When problems arise or progress stagnates, a fresh set of eyes is often the best way to get things moving forward again.
In its most basic form, consulting is a cooperative process; an executive approaches a consultant with a problem or set of problems and the consultant and his or her team will work to gather and analyze data and present their client with all the facts needed to make an informed and logical decision. The goal of consulting isn’t to provide a conclusion or course of action – after all, one hires a consultant, not a stand-in CEO – but to so thoroughly pick apart the challenge that the correct decisions are easy to make and involve as little guesswork as possible.
As your business grows larger, the challenges you will face and positive or negative consequences of executive decisions will grow alongside it. If your business has grown to the point that executive responsibilities are split between managers, disagreements as to the root of your problems and the correct course of action will arise. If your business is losing market shares or growth isn’t what it should be, every colleague you speak with will have a different answer. Marketing managers will see a marketing problem, accountants will see a problem with cash flows and operations personnel will find some inefficiency in the distribution network that needs correcting.
The role of the business strategy consulting is to take all of these potential pitfalls into account while gathering information and data and identify the true (or at least the most likely) source of your woes, as well as the greatest areas of opportunity that can be exploited. The best consultants have no biases, no agendas, and no fear of asking tough questions. At times, the answers they give you may not be what you want to hear – but they will almost always be what you need to hear.
Find Your Business Strategy Consulting with Us
At Michell Consulting Group, our top priority is the success of your business, which we seek to ensure by relentlessly pursuing one thing: the truth. No frills, just the facts your business needs to keep moving forward, whether that means taking the next step and continuing to grow or finding out why things haven’t been going according to plan. We’d love to get in touch with you today and discuss everything we have to offer.