In the next 10 years it is estimated that $10 trillion in Canada, will change hands as a result of small and medium size businesses being sold, handed down to the next generation, merged, or simply closed down. One estimate is that 800,000 Canadian businesses will change hands due to boomers retiring.
There is a risk that many CEO’S and senior managers take in thinking that they know where the business stands in terms of organizational well-being. Of course good managers review the company’s financials every month, and use KPI’s and dashboards to monitor key performance items.
Your business need is great and the consulting firm you hired is an expert in their field, but in the end, the results are unsuccessful and unsatisfying. How did hiring a specialized consultant end in failure?
Good sports teams are not made, they are crafted and nurtured over time. Of course selecting the right players for each position is important, but the role of management, the coach, and the captain is to create a culture where individual energy is harnessed to stronger team performance.
I recently read an article by Larry Alton for Entrepreneur Magazine and found that it has highlighted what we found as well – hope you find it interesting! – Adrian
Naturally, the obvious way to avoid an unqualified or unengaged consulting firm is to seek out a large, established firm with a long, proven track record. This makes sense, right? The answer is a straightforward maybe…possibly.
Consulting is a multi-billion dollar industry and many companies have received good value for their investment in outside expertise.
When it comes to the challenges your business is facing, you might have both internal and external issues, weighing you down and holding the company back from real success. However, sometimes the issues can be symptomatic of the real problem – you, the business owner.
While most people making a living as consultants are well meaning, qualified individuals, this does nothing to change the fact that consulting is unregulated; literally anyone can become a consultant. There are many ways someone can start a consulting practice, many of them completely legitimate
Having problems hiring the best business consultant for your organization? Not getting the results you were hoping for? It’s not you, it’s them. But wait – sometimes it IS you… and there’s nothing wrong with that. It’s your business.
When it comes time to hire a consultant for your business, intentions and expectations are high. The business need is great and the consulting firm is solid, but in the end, the results are unsuccessful and unsatisfying. How did hiring a consultant go bad?