Business consultants can help small companies increase productivity, efficiency, and ultimately, profits. There’s a big misconception that business consultancy is only something large corporations can afford. This is not true anymore. There are a number of business consultancy firms that offer affordable services to smaller companies, formed largely due to demand. If you are considering hiring a business consultant, here are several tips to keep in mind:
Read Reviews and Testimonials
First of all, read reviews and testimonials for the consultants or firms you hope to hire. This can easily be done online using sites like Yelp. Customer reviews are an easy way to find out if a company delivers as promised. Customer testimonials are valuable because they explain exactly how the consultant helped the business in need. You should read through them to know for sure if the consultant is suitable for your needs. Also, call the people offering the customer testimonials and get their verbal opinion before hiring any consultant.
Don’t Buy the Hype
Business consultants have mushroomed in recent years. Some of these so-called professionals are complete crooks who will only rip you off. So, be very careful when consuming marketing material by such people. As mentioned before, reading customer reviews and testimonials will help distinguish between the good ones and the bad ones. Do not take any claim at face value. Do your research and spend your money wisely.
Inquire About All Expenses
Consultants can be notoriously expensive mainly because various surcharges can add up to the consultancy fee. Genuine business consultants, like Global Resources LLC, are forthcoming regarding their fees and will willingly answer your questions. So, do inquire about all expenses you will be expected to pay for a review or a session. Fees may be adjusted or made more affordable due to the size of your company. You will have to call in and negotiate that.
Do ask friends and colleagues about business consultants they have hired. You will get good recommendations. Some may even be able to offer pros and cons of hiring a particular consultant. Recommendations are better than customer reviews because you know the recommendation comes from a person who’s competency and fairness you can trust. You can also ask about fees from people who make recommendations so you can get a general idea of how much you should pay.
Tell Exactly What You Need
During the interview process, do tell the consultant what you require from him or her. Some consultants specialize in particular types of companies, sectors, and skill sets. So, to make sure the match is right, you will have to disclose to the consultant what role you expect her or him to have during the consultancy period.
Beware of Long-Term Contracts
Avoid signing up a consultant for long-term multi-year contracts. If you are not sure how competent a consultant is, then you could be wasting money by entering a long-term contract. Instead, do a temporary hire and switch to a longer agreement only if both parties are satisfied.
Follow the above tips and land a truly great business consultant that will dramatically improve your company.