|
Other Consulting Articles
Five Strategies To Strengthen Your Company's Financial Management
Too many businesses wait until a crisis occurs before they start<br />to focus on improving their financial management. Often, by that<br />time, it can be too late. By setting aside an hour
What’s It Worth?
<br />Sound financial business planning means taking ongoing assessment steps looking at the business from multiple perspectives including capitalization, expansion, menu concepts, cash flow and
Buy Now, Retire Later-An Investment In Your Dreams
Owning A Second Home Is Easier Than You Think<br /><br />Buying a second home is a serious financial commitment, but it is can also lead to a feeling of complete freedom. It can provide you
How to use your pain to gain
<br />Pain.All of us have felt that emotion some time or the other.And most of us fear that heart-wrenching feeling that pain brings.We all have to deal with it , but some people treat it differently.<br
Rethinking the CEO-Chairman Split
<br />Traditionally, in American businesses, the same person occupies the role of chairman of the board and chief executive officer, though this is gradually shifting to the European model. In
|
|
Recent Consulting News
Ellenbecker Investment Group Hires Capital Market Consultants, LLC ... - PR Web (press release) table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/5-0fd=Rurl=http://www.prweb.com/releases/2009/01/prweb1826384.htmcid=1287672555ei=VopkSZGHIqXYQfO1xNADusg=AFQjCNGI24nEHhiymkGMQoHrJ0kpLus1dQEllenbecker Investment Group Hires Capital Market bConsultants/b, LLC b.../b/abrfont size=-1font color=#6f6f6fPR Web (press release),nbsp;WAnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1Capital Market bConsultants/b, LLC (CMC) a Milwaukee-based investment bconsulting/b firm providing investment research and economic bconsulting/b to financial b.../b/font/div/font/td/tr/table
Research and Markets: Global Market Analysis – Telecom Consulting 2009 – Find Out What the Next 2 Years Have In Store ... (Centre Daily Times)
Research and Markets ( http://www.researchandmarkets.com/research/c60816/global_market_anal ) has announced the addition of the "Global Market Analysis - Telecom Consulting 2009" report to their offering.
Concept Branding Group adds Steve Ravinski to Hospitality ... - PR Web (press release) table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/8-0fd=Rurl=http://www.prweb.com/releases/2009/01/prweb1827604.htmcid=1287672561ei=VopkSZGHIqXYQfO1xNADusg=AFQjCNE4p86UwfHGxs0dZIJLBP3iybLAoQConcept Branding Group adds Steve Ravinski to Hospitality b.../b/abrfont size=-1font color=#6f6f6fPR Web (press release),nbsp;WAnbsp;-/font nobr1 hour ago/nobr/fontbrfont size=-1Concept Branding Group is a strategic brand and operational bconsulting/b firm with over 160+ years in the food, retail and beverage industry. b.../b/font/div/font/td/tr/table
|
|
Listen. You wanted to know about consulting and so did I. That is why this site is here. You can also see information about health consulting and consulting firms. And if you wander through these pages on article business consulting small, you can find even more articles to help you learn more.
How to Get the Best from Outsourcing
To maximise profits, it has become fashionable to place some of your support requirements with 'experts', to allow you to focus on core activities. Especially for small businesses this can work well, but with larger organisations, unless you get it just right, it can be a lot more trouble than it's worth - and cost you a lot more.
There's a great little article ('Business Lifeforms') on the back pages of the UK's leading management magazine, Management Today each month. It's a spoof (at least I think it is!) about some fictitious key player in a fictitious organisation. For January, it's about Ken, who's a 'Facilities Manager'.
Now Ken has seen it all and truly worked his way up from the bottom to the top. Until, that is, a couple of years ago when new MBA-armed suits took over and decide to slash Ken's department (until now, running very, very smoothly under Ken's watchful eye) and Ken himself. Of course it all goes pear-shaped and the top dog has to come grovelling back to Ken, offer him loads of money and a big car, basically to ensure that the toilets aren't 'backing up' any more!
This is in direct contrast to Michael Gerber, in his fascinating book The E-Myth Revisited . There he talks about working 'on' the business and 'in' the business, making it clear that if you do too much of the grindstone not-my-expertise stuff yourself, you lose track of what you are really good at, and what you went into business for.
In a past life, I too experienced challenging outsourcing. At one time I had a great little local cleaner who I trusted (he even opened the store up for me - hmmm, that was a long time ago!). He did an excellent job and was on hand for emergencies. Then a new senior director decided to consolidate and outsource, for 'economy and consistency'. It was cheap - but the service was awful. Each time I got a new 'centrally sourced' cleaning company, they came with great intentions for the first 3 months and then dribbled off (with our money!) until it became unsustainable and another 'excellent contractor' came along.
The moment of truth for me, was when the director for one of these contractors, came along for the first time in a brand new £60K Merc (and it's a few years ago now). Then I knew where my money would be going. I went through 6 contractors in 5 years, even though my hands were tied by 'Head Office' contracts!
To solve this problem? There needs to be strong leadership at the start. Very clear standards required from outside contractors and severe penalties (yes, stop paying them even!) for under achievement. Corporate central contracts agreed there, but implemented and managed locally, leave a lot of space for waste.
And yes, in a small business, don't even think of doing the bookkeeping yourself as soon as you can afford not to - do what you do best, value it and get on with creating the business you love, not like struggling Sarah in the book. But, get someone who you trust and who will deliver. Chris Barrow, of Million Dollar Coaching Practice fame, suggests that the very first thing anyone going into a consulting business should do, is get a PA. And that modern day evolution, a VA (virtual assistant) has made this a real, low cost possibility for many.
Moral of the story?
If you are going to outsource, especially if your business is big enough, where it's not only the fashion, but it can have economic and logistic value, take the following steps:-
- Find the best on the market, not the cheapest.
- Set the standards yourself, and don't take theirs.
- Be very clear on expectations and outcomes if standards aren't met.
- Keep in very business-like, however much you like/know/are related to them.
- Have clear timescales for regular review.
- Have a named and senior contact in the organisation for whom there will be pain if they lose the contract.
- Keep contract length manageable.
- If things start going wrong tackle them early, before too much money is wasted.
- If 'Head Office' agrees the contract, don't chase your own tail over non-delivery - get someone from there down as soon as there is a problem - you have enough to do.
- Don't get involved in the problems any local operatives might have - refer them back.
About the Author © 2005 Martin Haworth is a Business and Management Coach. He works worldwide, mainly by phone, with small business owners, managers and corporate leaders. He has hundreds of hints, tips and ideas at his website, www.coaching-businesses-to-success.com . (Note to editors. Feel free to use this article, wherever you think it might be of value - with a live link if you can).
I don't want to toot my own horn but you can see that I really DO know my article business consulting small from top to bottom and every angle you can think of. You may have noticed the abundance of computer it consulting and consulting general information too. That is because it is so important to your success with consulting. Amazing how many things are related to each other. So if you have more questions, check out our alternate articles on article business consulting small too.
Add a Comment
|