4 Reasons Why Smart Businesses Hire A Business Consultant

by | Oct 17, 2018

If you’ve been wondering why it’s a smart decision to work with a business consultant, you’re not the only one. It’s a question we often hear; why can’t business owners manage everything themselves when they know the business inside out?

What can a business consultant do for you?

No matter how talented and experienced you are, you can’t stay on top of everything. Changes in the market, technology or the business itself can leave you in a quandary. What to do? How to do it? When to do it?

When you’re up against a situation you can’t deal with, you foresee problems, or you don’t have the cash flow you need, working with a business consultant can get you back on track.

Four vital reasons to hire a business consultant

Provide objectivity

When you create and manage your own business, it’s difficult to be objective about it. When issues arise, it’s hard to separate your emotional response from your objective. Having a lopsided view of business restricts your thinking, and it’s almost impossible to find an accurate solution when you can’t see the situation clearly.

A business consultant doesn’t have an emotional connection with your business, so he or she can offer you a clear perspective on the matter. You’ll also be able to tap into the consultant’s previous experience with similar situations and discover possible new solutions.

Understand the data

Many business owners are ideas people and don’t enjoy the admin or data-driven aspects of the business. Even if you’re interested in the data, it’s not always easy to understand what it’s telling you. One of the most common mistakes in business is to measure the wrong thing.

A business consultant will work with you to change that, starting right at the beginning by making sure you measure everything you should. You can’t gauge your profits if you don’t measure the rest of your expenses and cash flow, as an example.

Once the right measures are in place, your business consultant will show you how to monitor them, how to read the reports they provide and understand what they are showing you. They’ll show you how to track cause and effect, so you know which of your actions are producing the right results. When you know that, you can repeat it or build on it to boost your profits.

Spot the problems

So, you’re working with someone who can see your business objectively and understand the data you collect. What does that give you? It gives you a person who can see where things aren’t working and where things are going very well.

In other words, they can see beyond the symptom you’re worried about – such as low productivity. The consultant can spot the problems and trace them back to the probable cause. They can also predict issues before they have a chance to occur. Imagine what this ability might save you in dollar terms, not to mention business reputation.

Save your time and your money

How much time and effort would it take you to come up with the kind of data a business consultant will find for you? How long would it take you to work out a solution?

Financially you are far better off spending your time on other areas of your business where you can get a good return on your efforts. Investing your time in things you’re not good at will cost you in the long run, and probably produce a decision that’s not going to bring the results you’d hoped for.

For example, if you earn $75 per hour and spend two weeks – a conservative 80 hours – working on your data, understanding it and working out a plan of action, it has cost you $6,000 in time. Then there’s the dollar cost of lost sales and productivity on top of that. When you hire a consultant, you leave your time free to make money. The consultant will do a better job in a quicker time period and will produce a plan of action which will increase your long-term profits.

Why do smart businesses hire a business consultant?

  • It’s a wise financial move
  • It lets you quickly act on the situation
  • It sets you up for a solid financial future.

Stop trying to do it all yourself and take advantage of a business consultant to help take your business to the next level. As part of our commitment to small businesses and creative entrepreneurs in Australia, we offer a business consulting service to help make your business as successful as it can be. Stay ahead of your competition by contacting The Accounts Studio for an obligation free meeting today.

Want to find out more?

T: 02 9699 2880
E: admin@accountsstudio.com.au

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Surry Hills NSW 2010

What our clients are saying...

I’ve worked with Sophie as a contributor to Confessions of a Mumpreneur – a fantastic book that she dreamt up, edited and produced. Apart from producing fabulous books that help so many others realise their entrepreneurial dreams, Sophie is an astute business person who is making her mark on her own terms. Watch this space – I’m sure we’ll see and hear a lot more from Sophie Andrews in the years to come.

Jennifer Dalitz
Gender Diversity expert, Career Coach, Award winning blogger on women, work & leadership @ www.TheSheEOBlog.com

2017-10-13T09:50:01+00:00

Jennifer Dalitz
Gender Diversity expert, Career Coach, Award winning blogger on women, work & leadership @ www.TheSheEOBlog.com

I’ve worked with Sophie as a contributor to Confessions of a Mumpreneur – a fantastic book that she dreamt up, edited and produced. Apart from producing fabulous books that help so many others realise their entrepreneurial dreams, Sophie is an astute business person who is making her mark on her own terms. Watch this space – I’m sure we’ll see and hear a lot more from Sophie Andrews in the years to come.
I got to know Sophie through my previous employer where Sophie still handles the bookkeeping side of things. While we worked together I have found Sophie very accurate, punctual and very pleasant to work with. And recommend her highly.

Dianna Holwerda
Client Service Manager, John Sergeant Associates Pty Ltd

2017-10-13T09:55:05+00:00

Dianna Holwerda
Client Service Manager, John Sergeant Associates Pty Ltd

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I was recommended to The Accounts Studio at a networking event and have been working with them for the last 2 years. The team have all been very approachable and available – two things essential when it comes to understanding your accounts! I now no longer have the stress every three months of getting my BAS correct and even better I have a clear understanding of where my company is financially! Thanks Sophie and TAS team!

Eleni Mitakos
Galmatic Pty Ltd

2017-10-13T04:16:02+00:00

Eleni Mitakos
Galmatic Pty Ltd

I was recommended to The Accounts Studio at a networking event and have been working with them for the last 2 years. The team have all been very approachable and available – two things essential when it comes to understanding your accounts! I now no longer have the stress every three months of getting my BAS correct and even better I have a clear understanding of where my company is financially! Thanks Sophie and TAS team!
I have really enjoyed working with you guys and look forward to a successful 2013. From the moment we started with TAS I have seen value. The figures are accurate, you are accessible (and approachable!) and most of all – you are cool people!

Chris Du Plessis
Managing Director, Origin Meat Pty Ltd

2017-10-13T04:20:03+00:00

Chris Du Plessis
Managing Director, Origin Meat Pty Ltd

I have really enjoyed working with you guys and look forward to a successful 2013. From the moment we started with TAS I have seen value. The figures are accurate, you are accessible (and approachable!) and most of all – you are cool people!
"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful"

Fast Ed
TV Chef from Better Homes & Gardens

2017-10-13T04:23:15+00:00

Fast Ed
TV Chef from Better Homes & Gardens

"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful"
Sophie has been a tremendous support and guiding light for my business. I have continually succeeded when acting on her advice and by using her services. Her products are fantastic and her ideas and accuracy is out of this world. I would never hesitate to recommend Sophie’s services and I would invite anyone to contact me for a referral.

Belinda Grundy
GM, Property Styling Online and BG Property Styling

2017-10-13T09:21:50+00:00

Belinda Grundy
GM, Property Styling Online and BG Property Styling

Sophie has been a tremendous support and guiding light for my business. I have continually succeeded when acting on her advice and by using her services. Her products are fantastic and her ideas and accuracy is out of this world. I would never hesitate to recommend Sophie’s services and I would invite anyone to contact me for a referral.
Sophie has the spirit of the Entrepreneurial Business Owner! Whether she is running a successful single family website, creating a product for small business owners or running her own bookkeeping agency she is always right on track as to what small business needs. If you want to speak to someone who not only knows what business owners are going through-she also does something about it- then don’t miss out, connect with Sophie! She is someone who can not only think outside the square- she has true strategic thinking; which is often spoken about but is rarely truly placed into action.

Sue Heins
Councillor at Warringah Council

2017-10-13T09:25:16+00:00

Sue Heins
Councillor at Warringah Council

Sophie has the spirit of the Entrepreneurial Business Owner! Whether she is running a successful single family website, creating a product for small business owners or running her own bookkeeping agency she is always right on track as to what small business needs. If you want to speak to someone who not only knows what business owners are going through-she also does something about it- then don’t miss out, connect with Sophie! She is someone who can not only think outside the square- she has true strategic thinking; which is often spoken about but is rarely truly placed into action.
Sophie is an amazing business woman. She is able to take the complexities of business and break them into manageable pieces for small and home based business owners to work with. She’s clever, creative, supportive and very generous. She’s the reason that so many small businesses are doing so well. If yours is a small or home based business then Sophie is someone you need to know.

Anne Maybus
Writer and Content Creator, Clever Streak

2017-10-13T09:26:35+00:00

Anne Maybus
Writer and Content Creator, Clever Streak

Sophie is an amazing business woman. She is able to take the complexities of business and break them into manageable pieces for small and home based business owners to work with. She’s clever, creative, supportive and very generous. She’s the reason that so many small businesses are doing so well. If yours is a small or home based business then Sophie is someone you need to know.
Sophie is efficient, direct and gets the job done. She responds quickly, keeps me updated and has a way of simplifying things and making my life easier. She is all about efficiency and that’s what makes it great to work with her, I highly recommend her to anyone who wants someone to efficiently look after their books and she is great value for money too.

Adam Dobson
Strategic Resourcing Manager

2017-10-13T09:28:24+00:00

Adam Dobson
Strategic Resourcing Manager

Sophie is efficient, direct and gets the job done. She responds quickly, keeps me updated and has a way of simplifying things and making my life easier. She is all about efficiency and that’s what makes it great to work with her, I highly recommend her to anyone who wants someone to efficiently look after their books and she is great value for money too.
I’d been stalking Sophie for a while since I saw some of the great work she did at Ideas Book. What she’s up to at the SOHO Agency is equally impressive and I’m delighted to have someone working in this space who I feel so confident referring onto others. Keep being brilliant Sophie!

Robert Gerrish
Founder and Director, Flying Solo

2017-10-13T09:30:45+00:00

Robert Gerrish
Founder and Director, Flying Solo

I’d been stalking Sophie for a while since I saw some of the great work she did at Ideas Book. What she’s up to at the SOHO Agency is equally impressive and I’m delighted to have someone working in this space who I feel so confident referring onto others. Keep being brilliant Sophie!