Going it alone in business is always risky. To succeed, you need to have the right people behind you, showing you the way. If you don’t, you stand a high chance of failure.
That’s where industry experts can help. In this post, we take a look at the five types of consultants every California small business needs. Check them out below.
1. Financial Consultants
As a business, you need to know the answers to the following financial questions:
- When is your next financial statement due?
- How much cash flow will you have in six months’ time?
- What is your tax liability for the present quarter?
- How much money are you able to save through tax credits and discounts?
If you don’t know all of the answers to these questions with confidence, then you need a financial consultant. This is somebody who can coach you and your team through some of the money-related difficulties that you might face, ensuring that you avoid basic pitfalls and errors.
2. IT Consultants
Managing your IT by yourself is notoriously difficult. Modern business networks are complicated and require entire teams of professionals to set up and run. As a small business, you can’t always afford to hire all the people you need in-house.
Thus, getting an IT company in Orange County to do it for you can help. Instead of trying to manage your own network, you pay a small fee to a managed service provider and get them to take care of all the legwork for you. This way, you can access all of the expertise that you need, but at a much lower cost than hiring in-house.
3. Marketing Consultant
Like finances and IT, marketing is a notoriously complicated process, especially in today’s age of digital marketing. Again, it’s often not possible for small businesses to amass all the skills and knowledge they need to be successful in the modern marketplace in-house.
Marketing consultants – usually in the form of agencies – however, can help. These organizations essentially provide an off-the-shelf marketing service for your business, tailored to your needs. All you do is pay a monthly fee – usually less than an in-house marketing manager’s salary – and they’ll promote your enterprise online for you.
4. Growth Consultant
Growing a business seems difficult to executives that haven’t done it before. But it mostly follows a formula. However, getting this right can be tricky because of the sheer number of pitfalls along the way.
The good news is this: you don’t have to chart a course yourself. Instead, you can simply ask a growth consultant to provide you with a plan of action and then get them to help you execute it. This way, you can grow in a controlled and, hopefully, profitable manner.
5. HR Consultant
Lastly, you might want to check in with an HR consultant to make sure that you’re approaching your people in the right way. You can get HR consultants to:
- Advise you on how to better manage staff
- Help you source rare or talented people for your team
- Improve relations with staff
- Reduce the time your HR department spends on administration