Success With Hiring Consultants
- 4 min read
- March 11, 2024
My aunt from NJ visited me at my office in Cebu, Philippines. She was intrigued by how I managed to transform MGS Global LLC into a successful business without formal business training.
My answer? Consultants.
Many creative individuals often lack the necessary knowledge and skills to manage and grow their businesses effectively. In fact, 80 percent of small business owners shut down within five years of launching. With so many hats to wear, business owners can lead to mental and capacity overload. That’s precisely why I depend on experts and external consultants. Below are some of the consultants I’ve hired over the years:
Business Development Consultant
These consultants help me in identifying growth opportunities, forging strong relationships, and expanding market presence. They analyze market trends, assess competition, and devise strategies to enhance revenue streams and optimize business operations.
Process Engineer Consultant
They specialize in improving operational efficiency and effectiveness within organizations. Moreover, they assist in evaluating current processes, identify bottlenecks, and recommend workflows or technological solutions.
Media and Marketing Consultant
They create detailed marketing strategies that include advertising campaigns, social media engagement, and public relations efforts. These strategies are tailored to target audiences to enhance brand visibility and engagement.
Brand Strategy Consultant
Assists companies in defining their brand identity, positioning, and messaging to stand out in the market. It helps you understand your brand’s perception and the value it delivers, both presently and in the future.
Financial Consultant
In some cases, a financial consultant may have more financial planning experience when it comes to handling money. They offer personalized advice to help investors build wealth and on financial management, investment strategies, and risk assessment to individuals or businesses.
Speaker, Speech and Presentation Coach
A Speaker, Speech, and Presentation Coach helps individuals enhance their public speaking and presentation skills for effective communication. They offer personalized advice, feedback, and strategies for confidently and clearly delivering messages in professional settings.
Innovation Consultant
They lead ideation sessions, evaluate market opportunities, and create innovation frameworks and processes to promote ongoing experimentation and adaptation.
One of the most valuable consultants I have worked with is Jim Cirillo, president of the Jimium Group, a Cleveland-based consulting firm. Jim is our innovation consultant, and he has been instrumental in helping us develop and implement new ideas and strategies to grow our business. Jim spent a day with our team, learning about our projects and processes, and he provided us with valuable insights and recommendations.
Consultants can provide an objective perspective on a company’s operations and challenges. They are not emotionally invested in the company, so they can be more objective in their assessments and recommendations. This objectivity can help companies identify areas where they need to improve and make better decisions. In addition to these benefits, consultants can also help companies address challenges, seize new opportunities, and enhance their overall performance and competitiveness in the market.
Have you hired consultants? How has your company grown with consultants?
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