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Total Business Transformation

Business consultant for an entrepreneur

Business Consulting Tips: How to Get Started

If you’re thinking of starting your own business, you’ll need to do your research and put together a solid business plan. But even before that, you should consult with a business consultant to get expert advice on what it takes to be a successful entrepreneur. Here are a few tips to keep in mind when finding and working with a business consultant:

·       Define your business model. What products or services will you offer? How will your business operate?

·       Research your industry and target market.

An entrepreneur is a person who organizes and operates a business or businesses. This can be either a small business or a large corporation. Entrepreneurs are typically risk-takers who are willing to invest their time and money into a new venture. They often have innovative ideas and are always looking for new ways to grow their business.

Entrepreneurship is the process by which an individual (the entrepreneur) identifies a business opportunity and acquires and deploys the necessary resources required to exploit it.

“The best way to grow your business is to listen to your customers and give them what they want.”

 Do you need a business consultant?  We are available at EZAdvisory, book a free call with us today   https://advisory.equilibriumzone.org/capabilities/

What Every Entrepreneur Needs to Know

As an entrepreneur, it is important to consult with a business consultant in order to get tips for your business. Here are a few tips to keep in mind when consulting with a business consultant:

·       Define your goals and objectives. What do you hope to achieve by consulting with a business consultant? Be clear about your goals so that you can find a consultant who can help you achieve them.

·       Do your research. Not all consultants are created equal.

What a business consultant needs to know

There are a few key things to keep in mind when starting a business consulting tips for entrepreneurs.

·       It is important to have a clear and concise understanding of the business problem that you are solving.

·       You need to be able to build trust with potential clients. This can be done by being transparent and honest about your qualifications and experience.

·       You should always be prepared to offer value-added services that will help your clients reach their goals.

The Do’s and Don’ts of Business Consulting

 There are a few dos and don’ts when it comes to business consulting that should be followed in order to be successful.

·       Do your research on the company and the industry they’re in before taking on a project and make sure you are knowledgeable about the industry you are consulting for. This will help you better understand their needs and how you can help them.

·       Don’t be afraid to ask questions. Build trust with your clients by being transparent and honest.

·       Be responsive to your clients’ needs and adaptable to change.

·       Always keep learning and expanding your skillset

Getting Employees to work with a Business

Hiring employees can be a daunting task. There are many things to consider when hiring, such as the company’s needs, the qualifications of the applicants, and the legalities involved. The following are some tips on hiring employees:

·       Define the position. Before starting the hiring process, take some time to define what the position entails. What are the responsibilities of the job? What skills and qualities are necessary to perform the job well? Having a clear understanding of what you are looking for will help you narrow down your candidates.

·       Write a job description. Once you have defined the position, you can start writing a job description. A job description should include an overview of the position, duties and responsibilities, qualifications, and compensation. The job description will help you attract qualified candidates.

·       Use different methods to advertise the position. There are many ways to advertise an open position, such as through job boards, social media, or your own website. Make sure to post your ad in places where it will be seen by your target audience.

·       Review applications and resumes. Once you have received applications and resumes, it’s time to start reviewing them. Look for candidates who have the skills and qualifications that you are looking for. You can also conduct initial interviews at this stage to get to know the candidates better and see if they would be a good fit for your company.

·       “Conduct background checks. Before making any final decisions, it’s important to conduct background checks on your top candidates. This will help you verify their qualifications and check for any red flags that may disqualify them from being hired.”

·       “Make a decision. Once you have gathered all of information, it’s time to make a decision. Choose the candidate that you believe is best suited for the position.”

·       “Extend an offer. After you have made your decision, extend an offer of employment to your chosen candidate.”

·       “Onboard new employees. Once your new employee has accepted your offer, it’s time to onboard them into their new role. Make sure they have all of the information they need (e.g., job description, contract, employee handbook) and introduce them to their coworkers.

In conclusion, business consulting can be a great way to help entrepreneurs get their businesses off the ground. However, it is important to choose a consultant who is a good fit for your business and to be clear about what you want to achieve through consultation. Consulting can be a helpful tool for entrepreneurs, but it is not a magic solution.

These business consulting tips for entrepreneurs should help you get started on the right foot. You need to remember that it takes time to build a successful business, so don’t get discouraged if things don’t happen overnight. Be patient, stay focused, and always be learning and growing. If you do these things, you’ll be well on your way to building a thriving business.

Visit us at:https://advisory.equilibriumzone.org

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Total Business Transformation

5 Big Things Startups Are Getting Wrong About Growth

‘Growth’ is one word very synonymous with tech startups and other innovative companies! It’s expected right! Every founder and startup team is looking to kick-off, grow and drive good traction, (if they want to) raise funding and then scale big! 

Here are major things we think startups are getting wrong about growth 

  1. Not Approaching Marketing (which you think growth is all about) By Touchpoints Objectives
    Flying the next ad campaign, or getting the top influencers to hype your product or getting on the next big show is not all there is to growth. Oh definitely, they could include those things, but doing those things doesn’t guarantee growth. In the same vein, you can drive growth without doing any of those fancy marketing stunts.Other than ‘marketing’, to drive growth, you need to think 
    1. Awareness – how do I get my product to the front of decision-makers
    2. Aiding decision – How do I make sure they decide to go with me faster
    3. Easy purchase – How do I make it easy for them to buy, quickly with no itch.
  2. Getting It Wrong From The Start
    No matter how great your marketing and your team is in fact, your team is, no growth is happening without sorting the base.What do I mean by the base, 
    1. The problem you are solving 
    2. The market opportunity for that problem 
    3. The uniqueness of your solution
  3. Taking Product & Service Experience Outside of Your Growth Effort
    Product and service experience is crucially important to your growth. The real truth is, what you are offering to your customer is your product experience or service experience. If you are a food delivery app startup, does your app truly makes getting food easy?
    In fact, this is more than just your app actually e.g If you are a home cleaning startup, your app might have the best user experience, but are you cleaners nice and warm to customers? How is your onboardingdoes the users understand your offering.
  4. Not Planning for Retention
    Oh, you thought having good service is enough to retain your users? Nope. Because i had a good experience on an e-commerce app doesn’t mean I will actually come back. I mean, another e-commerce app could offer me a super good discount to try theirs.
    Carefully planning your retention ensures that your customers actually get retained. It also means you are not leaving things to chance.
  5. Not Doing Analysis Across All The Channels That Affect The Startup Growth
    If you have worked on your startup for a while, you can confirm that the speed at which things change is intriguing. What worked this month, might just not next month. Everything changes, customer behaviors, the customer wants, market landscape, new competitions coming.You can’t just afford to be too comfortable.Doing a key analysis across all the growth channels ensures that you:
    1. Perpetually drives growth 
    2. Be alert on likely customer or marketing challenges 
    3. Prepare for any surprises that might hinder growth (within your judgment, we know some things are beyond you, like the government policies or natural disasters).

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