Award Winning Small Business Consulting
Small and medium-sized business owners can face intense pressure. Starting, taking over, or learning to manage a business is hard enough as it is, but such owners also often find themselves having to play the roles of Marketing Manager, Head of HR, Director of Sales, Chief Financial Officer, and many more, all at once. With so many hats to wear, small business owners can quickly run out of capacity and mental strength. When this is the case, an outside perspective from a business consultant may become necessary to see the desired results.
How our small business consultant services work
Overview
Our services will start by getting an overview of your ideas, company, structure, and finances. From there we will use our resources to help map a path for you. We will analyze market share, current overhead, future scaling, and more. With this we will set you on a path to growth within applicable means.
Training
Next is training, at Purpose Money we believe training is everything. Using our courses, consultations, and books you will have a fundamental understanding of how a business operates. We will cover different company structures, how to onboard employees, what to look for in an employee, and more.
Application
Application is everything. We will provide you with tools to implement your newfound knowledge, we can also help implement workflows into your current routine. Utilizing our concepts and applications we will help you apply every piece of knowledge you learned directly to your own business.
Who will benefit from small business coaching?
It’s very hard to start or to own any business, especially when the business is still young. We congratulate every business owner who may have wanted to quit so many times, but you persevered. Business consulting may be for a new business or for a business that’s been around for a long time. You may need business consulting if you want to
Grow Your Business
GROW YOUR BUSINESS
The following are some of the factors that can hinder business growth:
- Poor leadership or management
- Lack of clear vision or strategic direction
- Insufficient funding or cash flow
- Inadequate marketing or sales efforts
- Failure to innovate or adopt to change
- Poor customer service or relationships
- Inefficient operations or processes
- High employee turnover or poor team dynamics
- Regulatory or legal issues
- Resistance to change or new ideas
- Lack of data-driven decision making
- Inadequate technology or infrastructure
- Poor time management or prioritization
- Limited networking or partnerships
- Uncontrolled growth or scaling too quickly
Additionally, external factors such as:
- Economic downturns or recessions
- Market saturation or intense competition
- Changes in government regulations
- Natural disasters or crises
- Supply chain disruptions
We will help you to analyze your business based on information you allow us to collect, then we will suggest solutions.
Manage Growth
MANAGE YOUR BUSINESS GROWTH
When managing business growth, focus on these key areas:
- Strategy: Define and refine your business model, mission, and vision.
- Leadership: Develop strong leadership skills, and build a skilled management team
- Operations: Streamline processes, optimize efficiency, and build a skilled management team
- Finance: Manage cash flow, secure funding, and maintain a healthy financial structure
- Marketing: Develop a solid marketing strategy and expand your customer base.
- Sales: Build a high-performing sales team, and establish effective sales processes
- Customer Service: Deliver exceptional customer experiences and build strong relationships.
- Innovation: Encourage innovation, stay ahead of trends, and continuously improve.
- Talent Management: Attract, retain, and develop top talent, and build a strong company culture
- Metrics and Monitoring: Establish key performance indicators (KPIs), track progress, and make data-driven decisions.
- Scaling: Plan for scaling, and prepare infrastructure, systems, and process accordingly
- Risk Management: Identify and mitigate risks, ensure compliance, and maintain business continuity
Improve Processes
IMPROVE YOUR PROCESSES
Sometimes your business may be somewhat growing, but you may need to improve your processes for optimizing your business. You may consider the following:
- Map and document processes: visualize and record existing processes to identify inefficiencies
- Analyze and identify bottlenecks: Determine areas for improvement and prioritize changes
- Streamline and simplify: Eliminate unnecessary steps, reduce complexity, and automate tasks
- Implement efficient workflows: Recognize tasks, roles, and responsibilities for optimal productivity
- Leverage technology: Adopt tools, software, and systems to enhance productivity and efficiency
- Establish clear metrics and KPIs: Measure process performance and track progress
- Continuously monitor and evaluate: Regularly assess process, gather feedback, and adjust
- Train and upskill employees: Ensure staff have the necessary skills and knowledge to optimize process
- Foster a culture of continuous improvement: Encourage innovation, experimentation, and learning
- Stay agile and adaptable: Be prepared to pivot or adjust processes as business needs change
Additionally, consider:
- Implementing lean principles to minimize waste and maximize value
- Adopting industry best practices and benchmarks
- Conducting regular process audits and assessments
- Encouraging employee feedback and suggestions
- Celebrating process improvements and success
Get Consistent Output
GET CONSISTENT OUTPUT
Your business’ output’s diagram may look like a rollercoaster right now. To get a consistent output your consultant will work with you on the following areas:
- Establish clear goals and standards: Define quality, quantity, and timeliness for output
- Develop and document processes: Create repeatable, step-by-step procedures for tasks
- Train and upskill employees: Ensure staff have necessary skills and knowledge
- Implement quality control checks: Regularly monitor and evaluate output for quality and consistency
- Use technology and automation: Leverage tools and software to streamline and standardize tasks
- Create a schedule and stick to it: Plan and adhere to a production calendar
- Continually monitor and improve: Regularly assess process, gather feedback, and adjust
- Foster a culture of accountability: Encourage ownership and responsibility among team members
- Provide necessary resources and support: Ensure adequate equipment, materials, and guidance.
- Lead by example and set clear expectations: Demonstrate commitment to consistency and quality.
Additionally, consider:
- Implementing a continuous improvement program
- Conducting regular performance reviews and feedback
- Encouraging employee feedback and suggestions
- Celebrating success and learning from failures
- Staying adaptable and responsive to changes in the market or industry
Benefits of Hiring a Business Consultant:
Cost Savings
Compare the cost of hiring an employee to deal with the challenging areas of your business with the consultation fee you pay. Sometimes you may need to hire more than one employee to specialize in specific areas of your business. Hiring a purpose money consultant will save you a lot of money continually.
Expertise
A great consultant may not have answers for everything in the world, but they know where to find the answers and bring you practical and professional solutions.
The main values of consultants include their knowledge, expert skills, and influence
Time Savings
It is in the best interests of your consultant to produce the desired results in a timely manner. Consulting helps you to streamline your process and improve efficiency, which is key in helping you save time. This allows you to invest more time in the core aspects of running and growing your business.
Objectivity
Unlike owners or even sometimes managers, consultants are not emotionally invested in your business. This allows them to be objective when they analyze data and all the information they collect in the process.
Customization
One of the great advantages of hiring consultants is the fact that they do not offer a one-size fits all solution. They have the skills to focus on your unique circumstances, beliefs, culture, perspectives, and preferences as they propose a solution to run or grow your business.
FAQs
Small business consultants offer guidance to company owners on their business model, problem-solving, and skill development. They also develop strategies and resources to raise an organisation’s performance.
We can also offer management consulting to business owners and CEOs looking to build on their business skills and implement solutions for a positive impact on their business and staff.
Most small businesses will benefit from some business consulting. As a small business, it can be difficult to manage the various wider aspects of your business whilst ensuring the day to day running still remains efficient. This is why our small business consultants can provide you with help on everything to your strategic business plan through to micro-elements such as email marketing.
At Growth Idea we understand that no two businesses are the same. That is why all of our business consulting packages are priced dependant on the level of service required by your business. Get in touch with our small business consulting team today to discuss your needs and get your free, custom quote.
If the founder of a newly established business lacks prior experience in launching a business, the company should think about employing a business consultant. They can offer guidance on how to set up the business properly with regard to legal, regulatory, a marketing plan and analysis, and financial planning.
Since they are not as emotionally invested in corporate operations as business owners are, consultants can more quickly recognise and address issues, such as those related to integrating new technology or concluding a merger or acquisition.
Business strategy consulting can give you a competitive advantage over your rivals, as they can spot which areas of the business needs improving.
Our business consultants are able to deliver small business consulting to businesses regardless of their location in the U.S or in Africa. We are able to provide sessions remotely or at your office based on circumstances. Therefore, depending on what is best to suit you and your employees, we can help. Simply get in touch and book.