10 Reasons To Hire A Business Consultant

Hello and welcome business owners!

If you’re here, you might be wondering what a business consultant does or whether it’s worth bringing one on board.

Perhaps you need help understanding your financials but don’t know who to ask, or maybe you’re looking for a mentor to guide you as your company grows?

Every entrepreneur inevitably faces challenges along the way

but a smart business consultant (like moi!) will empower you and keep you laser-focused on the path to success.

Here are just some of the benefits:

1 – They’ll help you to stop feeling ‘stuck’

Remember when starting your own business was the most exciting feeling in the world? The freedom of being the boss, instead of having a boss; the chance to create something of your own; the thrill of landing your first customer…

But somewhere along the line, in crept admin and number-crunching and meetings and all those other things that now seem to take up so much of your week. Or maybe you’ve been thinking about investing in new staff or premises, but you aren’t quite sure if you’re ready to take that leap. Before you know it, you’re so bogged down with admin or indecision that you can barely think straight, let alone take your business to the next level. Sound familiar?

Fortunately, there’s a savvy way to put a stop to the procrastination. A good business consultant can help you to understand the numbers, tackle the blocks that have been getting in your way and visualise the bigger picture. Together you’ll identify and clarify your goals, then break that down into manageable steps, so you can stop feeling stuck – and start feeling inspired!

2 – It’s a fresh pair of eyes on your business

When you live and breathe work day in, day out, sometimes it can be hard to see the wood for the trees. An experienced business consultant will look at your company with fresh, unbiased eyes and give you valuable feedback on ways in which it could be improved.

Perhaps there’s an exciting new revenue stream you haven’t explored yet, or maybe your marketing could benefit from a rebrand. Think of it as a second opinion for your business’s health.

3 – You’ll benefit from their wisdom and experience

You wouldn’t attempt to assemble a complex piece of furniture without any instructions, would you? Yet for some reason, many business owners still find it hard to seek guidance when it comes to managing their company. Why? Running a business can be challenging, especially if you’ve not done it before. According to the Office for National Statistics, the five-year survival rate for UK businesses born in 2016 was just 38.4% – that’s little more than a third.

The good news is that you really don’t have to struggle on your own. A great business consultant will also act as a mentor, allowing you to benefit from their valuable knowledge and experience. In fact, according to one survey, 88 percent of business owners with a mentor say that having one is invaluable.

A slight word of caution here, though: not all consultants are created equal. Sure, someone can call themselves a business coach on social media, but what are their qualifications? Do they have a proven track record in helping companies to grow? Don’t part with your hard-earned cash without doing your homework first (to find out more about my credentials, click here.)

4 – Greater accountability

When you’re the boss, it’s easy to let deadlines slide if you’re not careful. How many times have you promised yourself you’ll do something tomorrow, or next week, or when you’re less busy? But when you work with a business consultant, you’re committing to showing up and putting in the effort and getting things done. And trust me, your business is going to thank you for it.

5 – They can make sense of the numbers

Understanding the numbers that drive your company is crucial for its success. You don’t need to be a qualified accountant, but every business owner needs a basic level of knowledge. If you feel like you need a lie down every time you look at the books, then a professional business consultant can help demystify all those spreadsheets and improve your financial literacy.

6 – They’ll teach you to capitalise on your strengths…

A good consultant will help you to grow in confidence by identifying areas in which you excel. Whether you’re a natural negotiator or brilliant at branding, they’ll encourage you to use your talents to your maximum advantage.

7 – …and address your weaknesses

That said, you don’t want to hire a ‘yes person’ to flatter you all day long (you could… but it probably won’t help in the long run). Choosing a straight-talking business consultant gives you a chance to have honest conversations about the things you find most challenging. And once you work out a way to overcome those obstacles together, there’ll be nothing holding you back.

8 – It’s an investment in yourself

When you started your company, you bought any equipment that you needed for work, right? But for some reason, investing in yourself can feel a lot more daunting – even though you’re the most valuable asset your business has (unless you run a superyacht company, perhaps… but you get the point). However, numerous studies have shown that executive coaching can deliver an impressive return on investment. Other benefits that have been observed include greater productivity and improved organisational skills.

9 – A champion in your corner

Being the boss can be lonely at times, especially on those difficult days when you have to deal with disgruntled employees or tricky customers. But running your own business doesn’t have to be a solo sport. A good consultant will be by your side as your business grows and evolves, ready to help you overcome any hurdles you may encounter along the way. Just as an athlete can excel with the right coach, so your business can thrive with the right mentor.

10 – They’ll push you to achieve your potential

Once your business has reached a certain level, it’s easy to slip into your comfort zone and stay there. After all, you think, everything’s ticking along OK for now, and if it’s not broke why fix it? But being content to plod along is detrimental to ambition and innovation – and if you don’t keep upping your game, you run the risk of losing out to hungry competitors.

A business consultant can help stop you becoming stagnant by encouraging you to regularly review your goals – and enabling you to unlock your full potential.

So there you have it

10 reasons why hiring a consultant may be one of the best business decision you’ve ever made.

Sure, you could probably put it off for another year or two… but why waste time procrastinating when you could be progressing?

Get in touch today, embrace the help and find out just how far your company could go.

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