According to entrepreneur.com, approximately 20% of small businesses fail in the first year. While that number might seem low, if you are an entrepreneur or plan to be one, you don’t want to find your hard work and passion in that percentage.
So what do you need to do to help ensure the success of your next business venture? Read on to learn the benefits of hiring a seasoned consultant to support you as you bring your dream to reality.
But What About The Cost?
Let’s address the elephant in the room. Most new micro-businesses need between $2,000 & $5,000 to launch. While you may be counting every penny to realize you launch your business, hiring a consultant is actually money well spent.
Consultants are not a permanent part of your team and can be used on an as-needed basis—this makes them the perfect temporary asset to move beyond plateaus in your business. They also come with an extensive background and contacts that can be harnessed. This makes their ROI far more than their cost.
Thinking Outside The Box
Because consultants don’t work for you, they are less likely to say yes to ideas that may not be in the best interest of the company. An employee may not want to rock the boat, or maybe bow to internal political pressure. Consultants feel none of that.
And because consultants work for multiple companies, they bring fresh, new ideas. Consultants don’t know how you have always done things, so they won’t be stuck in that mindset. These two factors make them perfect for helping you realize new projects.
They Bring Industry Expertise
If you hire the right consultant, they are the expert in their area. That area is usually narrow but very deep. When you use a consultant, you can harness that knowledge and expand your own all at the same time. This allows you, and your company, to stay on the cutting edge.
Recruiting consultants are commonplace. Using a headhunter can help you find the best, permanent talent you need to move your company to the next level.
Support In With Difficult Decisions
Let’s face it, it is lonely at the top. Entrepreneurs, especially those with solo start-ups, make 100’s of decisions every day. Some of those decisions are easy or have very little impact on the company’s bottom line. Others, however, are much bigger, and therefore harder to make.
Many entrepreneurs find it hard to talk to even their senior staff, who may have their own agendas. Or worse, they may just be stuck in old ways of thinking. If you are working to harness your business power to stay on the cutting edge, “because we always have done it this way”, may not be the best mentality.
Consultants don’t have any of those issues and can be great sounding boards for solo entrepreneurs or senior executives.
Are You An Entrepreneur?
If you are, or you want to be, you know the importance of business power. We have the latest information on marketing, legal, sales, finance, and tech that you need to maintain your edge and grow your business. Contact us for support in finding a consultant, or sharing your message.