The Main Reasons Why Businesses Hire Advisory Consultants

Any business to gain its zenith form needs several factors coming together in making it successful. No company can gain popularity or profits overnight, and continuous hard work, dedication, the right set of employees, investments, and several other factors come together and thus bringing about success to the business. The team consisting of the management are the ones that are responsible for decision making, implementing changes, modifying the work system, etc. and are capable of doing all of it by themselves. There are times when a business cannot handle situations or problems related to their business; they move out to hire consultants.

Who are advisory consultants?
Advisory consultants are those who are trained and specializing in dealing with business problems and coming with a solution to it. They at times pose as advisors for a business and ensure that everything goes about smoothly without any glitches. There are a few companies who do away with the help of such consultants while the rest feel that they form an essential part of their business. While you are one of those pondering over the idea to consult one, here are the reasons why most companies hire advisory consultants.

They need a second opinion
For those who own businesses, they are capable of making decisions all by themselves and that is the reason why they are still sticking to the industry. There are times when they doubt their decisions and feel it may not be implemented in the right way. It is then when they feel the need of an advisory panel who can contribute their inputs as there are times when they have had similar experiences with other companies that they have worked with. They, therefore, can come up with an opinion and term the decisions to be right or wrong or there are any modifications required.

They act as a third party
There are times when the management cannot surface to the open with their decisions or changes in the business. These professional then act as the third party and come up with the changes and communicate it accordingly. This helps to put forward the information in an unbiased manner and thus saving the management from facing the brunt if the new idea or implementation isn’t received well by the company and its employees.

Consultants have polished skills
They are trained in providing remedies and help to businesses, and that is why they are designated as specialists. Any organization hiring employees with similar skills can at times turn out to be expensive as there wouldn’t be work all the time for these set of employees and therefore allowing them to sit idle and thus wasting finances on them. An advisor can be hired anytime whenever required, and they are known to help out with instant help. The fees that the advisors charge depend on the type of services that businesses have availed from them.

The consultants act as an extra workforce
For companies who have a dearth of employees or have staff dedicated to handling other aspects of the business and not act as problem solvers. The employees aren’t even trained in being problem solvers and thus end up wasting time and resources to no avail. These specialists aren’t full-time employees and simultaneously know the way businesses function and are fast learners thus allowing the employees to continue with their work as designated.
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to learn more about how our Consulting, CFO and Management Services may be able to help your business.

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Advisory Consulting – Creating a Strategy Roadmap

An investment in business advisory consulting can pay for itself in no time if you have retained the services of a knowledgeable and experienced consulting firm. Many organizations have already realized how much unharnessed potential they have, and with business advisory services, they have been able to develop a healthy and sustainable level of growth and competitiveness. Consulting firms can help create a business environment that addresses the most critical challenges of the company, their industry and the global business market. Most importantly, a qualified advisory consultant can help create a strategy roadmap that addresses these challenges and guides the organization to a bright and promising future.

What Makes a Good Strategy Roadmap?
As mentioned above, advisory consulting is often the key to addressing the challenges that a business or organization faces in their unique environment, but that doesn’t mean that any consultant can come along and work wonders. A business consulting company that has developed many successful strategy roadmaps for satisfied clients in the past should be qualified to create a strategy roadmap that accomplishes several crucial goals. The most successful kind of strategy roadmap is one that addresses the organization’s needs, which might differ depending on which goals they have prioritized. The roadmap may focus on the organization’s short-term needs, long-term needs or both. The key is to find a balance between putting out fires in the organization’s current structure and addressing the needs that will become more important and apparent in the future, as the enterprise continues to grow and thrive. At the end of the day, the roadmap is really a step-by-step guide that shows the path, processes, technologies and people that will help achieve the organization’s strategic goals.

An Overview of Additional Business Consultant Services
Although the strategy roadmap is extremely important, a comprehensive advisory consulting service will involve more than just the creation of a roadmap. The leading business consultants prepare companies to engage new technologies and assess their current structures in order to develop a plan of action to achieve the most promising goals and objectives. These are a few of the most important business advisory services you can expect to find with a reputable, knowledgeable consulting firm:

Analytics
Business Process Optimization
Change Management
Client Management
Enterprise Portfolio Management
Integrated Marketing

Analytics are an important advisory service because they allow businesses to leverage the massive stores of data they have available regarding their customers, competitors, transactions, team members, systems, structures, financial records and more. This in turn allows for better business process optimization, because with a fuller picture of the business landscape, consultants can work with their clients to streamline their processes and maximize their capabilities. While optimizing a business’ processes, consultants must consider factors such as available workforce, budget, competition, economic conditions, infrastructure and more.

Many businesses bring an advisory consultant onboard so they can make a change, whether they’re changing the way they manage projects or reorganizing their entire management structure. This may involve such issues such as branding, corporate culture and workflow, in addition to the change itself. Change management consulting makes the most of these transitions; client management consulting makes the most of the company’s client base; and enterprise portfolio management makes the most of the company’s organizational capabilities.

One of the most popular business advisory consulting services is marketing. With an integrated, innovative marketing plan, businesses can navigate the massive and constant changes in the current business environment. Things like mobile computing and social media that weren’t even on most companies’ agendas a decade ago are huge marketing topics now, but without a knowledgeable consultant, many businesses fail to keep up with the trends. At the end of the day, though, this and all the other services mentioned here should be part of a good strategy roadmap. It is there to guide your organization to wherever you want and need to go.

Article Source: http://EzineArticles.com/7781729
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to learn more about how our Consulting, CFO and Management Services may be able to help your business.

imagesRMWHBYUM

dyn gp
Continue reading