How to expand your profit by hiring the right Consultant?
The speed of changes and the daily urgencies do not allow the managers to devote the necessary time to the strategic reflection.
The full day-to-day dedication is pushing the progress towards an unknown destination due to the lack of vision.
In these conflicts of priorities, the figure of the consultant takes special relevance since it can facilitate an active support in both activities, either contributing organization, agility and efficiency to the daily operation, or contributing vision and methodology in the process of analysis and decision making.
Decisions in an uncertain context
The continuous review of the business model requires a previous work analysis that often is not done. A good consultant is used to working with methodology and organization to ensure that the manager has the maximum possible information to facilitate decision making. In addition, it also enriches the debate through experiences lived with other clients.
Manage resources so that the business model is sustainable
Optimize the organization and internal communication, properly plan the treasury and optimize the use of payment conditions, control the stock, monitor credit risk, prospect new sales channels and many more. These are the activities that require a great dedication and where the contribution of the external consultant can be appreciated.
Find financial resources for the growth of projects
The advice in the search for funding is crucial for many reasons, among which – selecting instruments and times, presenting the documentation in an attractive way, or accessing all possible channels to maximize the probabilities and minimize costs.
Organize the information to control the activity
Reliable economic information at the right time – this is what allows the leaders to grow and make decisions. For this reason, it is essential to understand the business and its figures. Many companies are placed in the hands of a team of professionals who cover their needs of Financial Management, Management Control and Accounting part-time or for a specific period, becoming actively involved in the daily operations of the company.
the experience and knowledge of a consultant can quickly become profitable by improving management, productivity, without forgetting the quality of information thanks to technology.
How to detect if the consultant’s contribution is being profitable?
Do you have a reliable and timely information on the relevant indicators of your company?
Has the organization and communication improved in those departments where it had the most influence?
Do you find support in solving day-to-day problems?
Have you improved your knowledge of the market and started paying more attention to aspects of the business that you might not have considered so important before?
Do you trust their criteria when you have doubts about a decision? Do you propose alternatives to your choice and value them?
The choice of the adviser or consultant is very personal. Different companies work with a similar methodology and, surely, the best way to ensure that you answer affirmatively to the questions above is to identify the passion that the person transmits.