The management consulting market today is growing rapidly, along with a thriving start-up ecosystem. In management consulting, most incumbents are strongly rooted in traditional methodologies that have generally always worked great. But I guess you’ve realised that the world is changing….
The future is today, and the emergence of increasingly unique and innovative start-ups confirms this. For this reason, business consultancy must be tailored to the needs of the client, and the goals they want to achieve. A start-up is not a simple company. You will not be faced with common choices and problems. Start-ups need guidance and implementation help from qualified and experienced professionals in business aspects at all levels, ranging from growth strategy and competition analysis to operations management, human resources and financial planning.
You can find numerous advertising campaigns around trying to make you believe that this is not the case, but they are wrong. Business consultancies that provide strategic recommendations to clients are themselves far behind in reaching the new realities that have been brought to them by the Internet’s democratisation of knowledge.
Large companies in the service sector have recently introduced new programmes or customised sets of offerings that meet the specific needs of start-ups. Apart from this step forward, the basic business strategy is incomplete without active scouting by a professional consultant, and without the right knowledge of the sector. Knowledge that, as you know, changes in a matter of days. If we want to summarise the set of skills useful for the growth of a startup, the key word would be “Innovation”.
Nowadays companies grow very fast, and the result of this growing trend is that management consultancies have an increasing number of clients who require active monitoring. This strategy does not always work for a startup, because as I have already said, a startup is not a normal company. Management consulting for a start-up needs to be tailor-made. There are many aspects to take into account, such as the formula of the service offered. A traditional business consultancy service may not be beneficial for a start-up, because the latter requires a more detailed analysis aimed at exponential growth, all without drastically increasing costs.
In order to grow a start-up, the consultant must have particular qualities. Among these is certainly skill, or entrepreneurial instinct if you like. If you have decided to found a start-up, you must first make sure that your business idea has potential. How to do this? Through the formulation of a Business Plan. This is very helpful in setting concrete goals, determining the feasibility of a possible investment, and especially in finding external financiers.
Another necessary skill is the knowledge of the financial and fiscal aspects. A start-up does not usually have an unlimited budget, and cutting costs is one of the prerogatives. A good consultant must be able to overcome this problem, paying attention to all possible financial means that the client can use, and carefully evaluating the possibility of using any facilities and funding issued by the state.
Once you have solved the finance problem issue, you will certainly need to lay a solid foundation for your start-up. That is why having the right business and tax skills makes the difference between failure and success. During the creation of your company you will need a guide to help you manage all the various documents and bureaucratic matters. This is one of the weaknesses of many companies, although it is vital today.
The consultant is indispensable for the success of a company. He or she should not only have economic skills, but also business skills, in order to help the client to set the right goals and to work properly towards them. Nowadays, many markets are saturated and competition is increasing. When you want to set up a company, especially a start-up, it is very important to have a competent figure to help you set up your business idea correctly, so as to make as few mistakes as possible, and to increase success rates exponentially. This is why the figure of the business consultant is so important today. Every self-respecting company, large or small, takes great care of this aspect.
The world is evolving fast, and so is the business sector. Having the right person at the right time has never been so important. please write me at info@mramponiconsulting.com or contact me on www.mramponiconsulting.com to arrange an initial meeting.