Why Business Owners Need Consultants

SME Business owners

As a business consultant, your clients can be business owners from any industry, of any size and in any situation. You’ll typically go after small-to-medium businesses where you can easily reach the decision-maker, with a large enough revenue to create a profitable engagement for both parties. The diagram illustrates different business situations and how you can work with them. It also paints a clear picture that around 75% of business owners are struggling and almost all have room for improvement.

Grow

Every business can be better. Opportunities exist to take the business to the next level. The right strategy needs to be developed with a clear plan, proper management and implementation across all areas of the business.

Prevent this business from a backward step or decline in profitability that often comes from the complacency of a performing business.

Improve

Often there is significant profit leakage within the business that should be contributing to the income being made by the owner.

The options then become available to properly strategise the growth path of the business and work on all the critical areas to make it successful and more profitable.

Rescue

The business requires immediate attention with a number of strategies required to release cash into the business.

Profitability needs to be established and fixed first so that the business can be stabilised before it’s too late.