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Shareholder FAQ2019-02-27T12:11:27-05:00
How to find a business consultant2022-05-13T10:06:21-04:00

Many business owners wonder how to choose a business consultant. Word of mouth is a great way to find a good business consultant, so ask other business owners who have had a good experience. Internet searches can also yield good results. Check their google reviews and other reviews to see what others are saying. Once you have narrowed down the business consultants you are interested in working with, ask for a free consultation to see if they are a good fit.

Where do business consultants work?2022-05-13T10:00:33-04:00

They can work either at their homes or offices. They can also work within companies depending on the needs and desires of the organization. They exist across all sectors, and work with small business owners from one entrepreneur to 100 employees generally. Business consultants can be in financial, healthcare, manufacturer, services industries, technology, and other sectors.

When is a consultant an employee?2022-05-13T09:58:24-04:00

Most consultants are considered independent contractors and are paid an hourly rate. They are responsible for all their own expenses and not eligible for employee benefits. Most companies don’t want the additional expense of an on-site consultant. When a business consultant becomes a part of an organization, they can soon lose their impartiality and be embedded in the existing culture.

How do business consultants work?2022-05-13T09:56:16-04:00

Business Consultants work to meet the needs of the individual owner. Sometimes the best course of action is for them to work out of their own office, and other times it is better for them to come to the business owner’s facility. For example, some organizations are content with online training for their employees. Other organizations may desire the consultant to come on-site and do training. For Leadership Excellence, most training can be done online including communication training, productivity and time management training, personal leadership training, sales training, and pre-employment assessments. Also 1:1 business consulting or coaching can be done virtually or in person.

How do business consultants get paid?2022-05-13T09:51:09-04:00

Most business consultants are paid an hourly rate and require payment up front for a certain number of hours to begin their services. If you are an individual within an organization interested in fine-tuning your personal leadership skills, communication skills, time management and productivity skills, or other job-related skills, your employer will often cover the costs for you.

How long can a consultant work for a company?2022-05-13T09:46:25-04:00

It varies by the company. It can be as short as a couple of conversations/discussions to an ongoing relationship that may last for years, depending on the need or problem that exists. For example, a human resource consultant may be hired initially for communication training, but in the process the small business owner realizes the need to hire people with different skillsets. The business consultant can then provide pre-employment screenings and employment assessments to help the business owner in hiring the most qualified team members. Employment assessments can include a pre-employment test to better understand the mental acuity and personality traits of a proposed candidate. Other employment assessments can be used to coach existing employees and perhaps determine the best candidate for a promotion within an organization.

What can an Ohio business consultant do for my business?2022-05-13T09:42:16-04:00

There is a saying that is so true for business owners and executives: “It’s lonely at the top.” Sometimes a small business owner simply needs an independent advisor (not a part of the company) to discuss problems and confidentially voice frustrations or challenges to a trusted source. A business consultant can act as a sounding board to help you pinpoint the specific issues your company is facing and determine a plan to solve your challenges. Because an independent business consultant has no ties to your company, he or she will be able to confidentially and objectively determine the issues and how to fix them.

Are business consultants worth the money?2022-05-13T09:37:33-04:00

Is a business consultant worth it? The short answer is yes! Professional business consultants quickly demonstrate the value of their services. Usually, the ROI is anywhere between a few weeks to a few months. The long-term benefits are the elimination of roadblocks that are hindering the growth of the business, resulting in greater profits and business expansion.

What is business strategy consulting?2022-05-13T09:36:08-04:00

A business strategy consultant is an individual that provides a service based on improving the strategy or strategic plan of a small business. It usually begins with an analysis of every aspect of the existing business. The consultant then provides a plan with proposed solutions to improve the strategy. Sometimes a new strategy will be implemented for a certain aspect of the business.

Why is business consulting important?2022-05-13T09:34:16-04:00

Business owners sometimes wonder why business consulting is important. This is because small business owners can’t know everything. Like all humans, they have strengths and weaknesses. Therefore, issues and problems will arise where they don’t have the skills to solve the problems. A business consultant can provide the advice and counsel to meet those needs.

What is business management consulting?2022-05-13T09:31:31-04:00

Business management consulting involves and individual or business that provides advice on how to manage your business more effectively. For example, if you have a sales team that isn’t performing, a business management consultant would do an analysis, and provide advice and a plan to improve your sales team’s performance. This can include sales training, replacing personnel, or an improved marketing focus, to give a couple of examples.

What is small business consulting?2022-05-13T09:28:54-04:00

Larger organizations usually have the resources to have people within the organization resolve issues that arise internally. Smaller businesses usually need outside help to provide the knowledge and understanding to tackle specific issues. For example, if you staff needs training, a larger company usually has staff for that, whereas a smaller business will typically use a consultant to provide training as needed. It saves small business owners money when they can outsource leadership training, human resource development, sales training, productivity training, or employment screenings on an as-needed basis.

What can a business consultant do?2022-05-12T13:17:25-04:00

A business consultant can help you pinpoint any root cause and issue in your company, and provide workable solutions to solve the problem and monitor your progress. Consulting is a relationship between the business owner or department manager and the consultant.

They do not wave magic wands. The better business consultants know how to teach the owner/team how to inspire motivate individuals in their company. Consultants cannot change your organizational culture, they help you do it. The more you work as a team, the better the result.

What to look for when hiring a business consultant?2022-05-12T13:14:47-04:00

The best consultants are specialists in particular areas. Some are very good at financial focus. Others on human resource development. Other specialize in sales training and marketing. Look for a consultant that specializes in your particular needs. Leadership Excellence focuses best on people development. Training people, employment assessments, management development, leadership development, etc.

How much are business consulting fees?2022-05-12T13:10:06-04:00

Business consulting fees will vary depending on the consultant and the complexity of the need.  Generally, the range is $75 to $250 per hour, plus travel costs.

What are business consulting services?2022-05-12T13:07:34-04:00

Business consulting services are businesses that advise and provide leadership in needed areas of expertise. Those areas would include anything from financial guidance and human resources to sales and marketing, accounting, communication skills training, and much more!

From the start, the consultant asks a series of questions to determine the business owners’ needs and helps them to clarify their particular needs to come up with solutions. Then the advisor assists the owner in implementing the solutions to meet the needs of the business.

Typically, one issue is tackled at a time. It is important for the consultant to help the business owner understand the root cause of the issues and not just deal with the effects. For example, high employee turnover is simply the effect of a greater root cause within the organization’s culture.

Are business consulting fees tax deductible?2022-05-12T12:52:36-04:00

Yes, they are considered part of basic business expenses. It is a legitimate business expense, and you can show it as an expense like any other. Your company can benefit from business consulting services and write them off at the end of the year– it’s a win-win!

Do you only do Ohio business consulting, or will you work with businesses in other states?2022-05-12T09:39:47-04:00

We provide Ohio business consulting in person or virtually, but we also service businesses across the country virtually.

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