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Business Consultancy – What is it?

Business consulting, according to data from the AssoConsult business report, has become a key aspect of the world of work. In our fast-changing age, the world of work is no different. On the contrary, according to statistics, it is the sector that changes most frequently. With the advent of new technologies, the expectations of the end customer change, and companies are not always able to meet these needs adequately.

Research shows that companies today run many more risks than a few years ago. In order to smooth out all the aspects that make for successful companies, guidance is needed, and this is where Business Consultancy comes in.

Starting a company is no small matter, and to do so requires the right knowledge that is gained from years of experience in the field. A business consultant specialises in this. He or she can help you adapt to today’s market dynamics and continue to compete no matter what threats you may face.

Having a guide to help you run your business today is more crucial than ever. The Covid situation has brought the business world to its knees and many companies are in danger of never recovering. This is why statistics show a substantial increase in the number of companies relying on business consultancy. In Italy alone, there are more than 24,000 companies that deal with business consultancy, with a turnover of almost 5 billion euros. This figure gives us pause for thought.

But let’s look in detail at what a business consultant does. A company, no matter how small, has several micro-sectors within it. Some of these are finance, bureaucracy, planning, etc…

A business consultant guides you in optimising these aspects. He helps you to increase your turnover through a new tailor-made business plan. Guide you through the various bureaucratic procedures, which are nowadays the Achilles heel of every company. It diversifies, organises and optimises the financial side of your business, with the aim of improving results. To put it simply, we can say that a business consultant’s sole purpose is to help your company grow by setting concrete, achievable short-term and long-term objectives.

Business consultancy today has become the spearhead of any self-respecting company. If you have a company and want to achieve your goals, you cannot do without it. Whether you have an established company or want to create one from scratch, business consultancy is one of the cornerstones that should not be underestimated in order to get around the crisis.

But beware. Even if we are going through a difficult time characterised by crisis and uncertainty about the future, it does not mean that it is not a good time to start a company. You know the saying “In every crisis there is an opportunity”? Nothing could be truer. In this period there are many companies that are feeling the effects of the crisis, but for every company that risks bankruptcy, there is one that, thanks to the formulation of a business plan with pre-established objectives, is experiencing a good period. And here we come back to the gist of it. Business consulting helps you to do this. Together with a consultant you can set up a strategy aimed at scaling up your business through a reduction in company costs and a clear, defined objective.

To work in business consultancy, it is not enough to be well prepared, but you also need a lot of experience in different sectors. The world of work is changing all the time, and with it the business consultancy sector. The skills required today are much more specific than they were a few years ago. We are in a society that is evolving day by day, and the expectations of the end customer are only increasing. That is why a business consultant must be able to meet these expectations through the right skills, experience, creativity and innovation. The training process never ends. It continues year after year, and it is vital to be able to adapt to the new problems that face modern companies.

This is one of the reasons why large companies and others train their employees continuously with the support of business consultants, even though the best skills are acquired in the field, learning from their mistakes.

In conclusion, we can say that the business consultancy sector is one to be monitored for the years to come. As a service to benefit from, if you are a business owner, and as a job sector if you are looking for work. It’s a world with many different facets and a thousand different challenges that all have the success of your business as their sole objective.

If you need help in solving some of the problems concerning in your company, write to me at  marco.ramponi@mramponiconsulting.com and we will arrange a meeting to discuss the matter.

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