business consultant

What are the benefits of contracting a business consultant?

As a business owner of a small or medium sized entity, there is an important aspect to running and operating your business that many do not realise: We don’t always know what is best for our business. This might sound like a strange statement to make, but the harsh reality is that no-one knows everything there is to know about business. Not even Richard Branson does, which is why he has a team of consultants helping him.

Do you think it’s time to get a business consultant to assist your business?

Well, there are a few things you need to consider first and it starts with one question: what are the functions of a business consultant? There are many aspects to inspect in any business, but there are two critical elements that a consultant must look at for your business. These two elements are:
  • how to maximize your profit and,
  • how to increase your

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How to determine when it's time to expand?

How to determine when it’s time to expand?

It is every start-up Entrepreneur’s dream to get to the point of expanding their business. That point where they think: now it’s time to open a new branch or time to purchase another business. The choice of which process to follow is not an easy choice, but the key identifiers to look for to see whether your business is ready to expand is a bit easier to identify. I hope you can identify a few of them already! 1. You get business from outside your usual or target market. When you start receiving an increased amount of business from outside of your usual or target market, then you should know it is time to grow or expand your business. It is very important for you to know who your target market or your usual market is. Once you start receiving leads and business from outside of your usual geographical region you service then you

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Closing a Business

Closing a Business is not the end

I bet you read the topic of this blog and thought, boy, what a contradiction. You probably also thought: “Yeah right genius, it is the end. Closing a business IS the end”. Well, it is the end for that specific business, yes. But is it the end of your career as an entrepreneur? Sir Richard Branson certainly does not think so after 15 failures. Is it the end of your creative journey? No, you just need to come up with a different angle on your business idea. This time you have a chance to start over while knowing the pitfalls and dangers. Let’s be real for a second though, closing a business is not easy. In my job of saving companies, this is the exact opposite of what I am trying to achieve. Sometimes, things just don’t work out. Sometimes, you have to explain to your staff members that they do not have

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How do I turn my company from a loss to a profit?

How do I turn my Company from a loss to a profit?

The aim of running a business is to make a profit, otherwise it would be a charity. It happens at least once in every entrepreneur's lifetime that their business runs at a loss. This means that their business is not profitable and is obviously not a good situation to be in. It is now time for a Business Turnaround. The question begs "how do I turn this situation around?". Now every entrepreneur knows a specific field or industry very well and has specific skills. But not all entrepreneurs have the skills to turn a business around from a loss-making operation to a profitable entity. However, all entrepreneurs can implement an effective turnaround in a few simple steps: Step 1: Take a step back and shift your focus. As the owner of the business or the entrepreneur, it is your duty to ensure that the business as a whole is a success. It is your

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Profit Tips

4 profit tips to ensure growth

Profit Tip 1: Focus on your most profitable products or services

Focusing on your most profitable products or services is one of the easiest ways to generate more profit quickly. A lot of businesses focus on the products that are “nice” or “entertaining”, but not necessarily profitable. We all like the nice and entertaining goodies, but if they are not profitable then why are you pushing the sales on these? Focus more on the ones that generating you profit, money in the bank!

Profit Tip 2: Streamline your operations

Although cutting costs might be a logical step, be careful with which costs you cut. You cannot retrench staff to the point where customer service suffers. You cannot sell off assets to the point where staff do not have sufficient equipment to perform their duties. You need to streamline operations, thus you need to spend the least amount of costs on all purchases (yes cost

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