“Every time you state what you want or believe, you’re the first to hear it. It’s a message to both you and others about what you think is possible. Don’t put a ceiling on yourself.”
~ Oprah Winfrey
“The most valuable thing you can make is a mistake – you can’t learn anything from being perfect”
~ Adam Osborne
Parents don’t like others disciplining their children any more than entrepreneurs like others telling them how to run their business. There’s a false belief that in order to achieve success it must be by your own hands. Your own will. Your own determination. Your own commitment. Your own genius.
Start-ups and young businesses fail because of the prideful stubbornness that leads founders to rely solely on themselves to solve every problem. The truth is, there are limitations to what any of us can accomplish on our own. Lasting success is found through the partnership of like-minded individuals who share a vested interest in achieving the vision that’s been originally cast by the founders — even when the vision is too far in the horizon for everyone to see.
Seeking outside help from experts with selective talents and skills you may not be endowed with is not a sign of weakness. Nor is it a sign of failure. Savvy entrepreneurs recognize their own limitations and defer to experts for crucial support in those weaker areas.
The best thing any business owner can do is concentrate on those areas in which they excel. Be deliberate, intentional and strategic in their use of time and resources to ensure the success of their business. Smart business means finding smart experts to provide strategic support while minimizing operational gaps that can stall forward progress.
For example, if you’re an entrepreneur with the business acumen for managing finances, creating new products or services, or making wise investments, then these are the areas in which you should fully commit. If you lack the technical expertise for web design and graphic arts, then it’s pointless to waste your precious energy in building a company website. Doing it yourself doesn’t guarantee it will be done right, done on time, and done without the risk of failure.
Here are some value-added propositions for why retaining a management or business consultant can be a wise decision for business owners:
Learn To Let Go. Just like raising kids, at some point you have to trust that you’ve done your job as a parent and instilled the right values so your kids are prepared to become fully functioning, self-sufficient, productive members of society. Those of us who have raised kids into young adults know that, whether we like it or not, there comes a time when we have to let go — give a nod to the independent spirit of our maturing teenagers and allow them to carve out their own path.
In business there also comes a point when you have to let go — to openly entrust your business to others that can lead, manage and formulate strategic solutions so your business can carve out its own path. Wearing multiple hats and hanging on for dear life to control every possible scenario is detrimental to the entity that you’ve created.
Effective business consultants can help unwilling entrepreneurs “let go” so that the business can find its stride with minimum risk and maximum focus.
An Unbiased Fresh Perspective Reduces Waste. Entrepreneurs and business owners are often so deep in the weeds they lose sight of the big picture, or don’t realize they’ve steered off course. Their initial vision takes a backseat to the day-to-day demands of the operation. It’s easy for a small business owner to be the lone fire fighter within the company moving from one flare-up to the next. While you’re busy putting out these small and frequent fires, how can you anticipate big-picture issues and keep your original vision in sight?
Additionally, if you’re doing the work of those you’ve hired than why do you need them? Are you often doing the work of those a level or two beneath you? If your role is to be the CEO of your business, then be the leader. Spend your time thinking of new and better ways to run your business and drive your revenue growth.
Consultants can provide a fresh perspective by identifying waste – those non-value added processes that increase cost while driving down the quality of products or services. A skilled consultant who is also an advocate and partner in your success will not only identify root causes but help formulate solutions that create sustainable success.
Don’t Create A Better Mousetrap If One Has Already Proven To Work. Unless you’re a serial entrepreneur who’s had the benefit of success and failure in a variety of business ventures, you probably lack the knowledge of proven methodologies for optimizing business performance. You only know what you’ve already experienced. Reference points are limited. This is not a fault, merely a reality. Mastermind alliances, business coaches, and fellow entrepreneurs can only lend a limited amount of expertise.
In fact, most business owners remained tight-lipped about their proven strategies for success so as to not create a disadvantage with the competition. Consultants who have a proven track record of working successfully with multiple clients bring best practices to the table. They know what works and what doesn’t. The benefit of their expertise saves you time and money by providing deliverables that are guaranteed to yield desired results. Accelerate the attainment of your business objectives by leveraging their cross-functional expertise. You reap the rewards of their experience with past clients.
Here are other benefits from partnering with a management or business solutions consultant:
- They’re not a cost to the bottom line but rather an investment to the top-line growth.
- You receive keenly specialized expertise for your unique situation.
- They’re less expensive than full-time employees and used as needed.
- They provide clarity, collaboration, and consistency.
- Consultants can be catalyst for increasing buy-in for much needed changes among your workforce.
- Experts give business owners valuable creative freedom by tackling day-to-day problems.
- Critical issues are addressed by fresh, experienced eyes, leading to tough decisions that when finally made, could unleash a new phase of growth.
- They provide leadership intelligence and disciplines required for forward progress.
- Consultants are capable of cultivating a culture of cross-functional support and collaboration to bolster employee engagement.
- Involve business owners in formulating strategies to attract and retain top talent for increased productivity, larger profitability and reduced attrition cost.
These are just some of the ways an experienced management and business solutions consultant like me can help entrepreneurs. Don’t navigate the choppy waters of entrepreneurship alone. Let a proven expert help you steer your ship to its destination by avoiding the storms of business management.
For more information, please visit gracecovenantconsulting.com