Our Profit Growth Consultants are dedicated to making your business the best it can be. Consulting Unternehmensberatung Kiel: Contact one of our Profit Growth Consultants with many years of proven expertise and remarkable track record to assist your company to take business operations to the next level resulting in a significant growth in profits.
The first step for any Profit Growth Consultant is the fact finding phase, where the objective is to learn the client's business and the target of the mandate. A good Profit Growth Consultant takes the time to gather as much information from the owner and employees as he can about the business. This can include looking into existing systems including but not limited to sales pipeline and accounting, touring the facility, talking to managers and staff, analyzing the finances and operations. During this process, the Profit Growth Consultant will detect the essentials of a company's mission and what procedures and processes are in place.
Our Profit Growth Consultants usually insist that the client assigns some of his staff to the project. They, not us, must do the implementation of our recommendation and all of the detail work. We will assist them, we are going to push it so that things crystallize and move forward but they will execute the prescription. While the implementation of our prescription is in processing, we touch base with the entrepreneur once a day for monitoring the implementation process and about possible issues arrising.
How Using KPIs Could Triple Your Profit Growth
Management consulting includes a broad range of capacities, capabilities and skill sets, and the many companies and their consultants often define these principles quite differently. One way of categorizing a consultant's activities is in the form of the consultant's area of expertise such as operations management, data analysis, market research, brand positioning, strategy, or human resources. But in reality, as many variations exist within these categories as the number of categories itself. There shouldn't be any silo thinking so that the entire human capital is aligned and cohesive geared towards and consistently working on closing the gap between the current situation and your company's target.
Why Customer Surveys Are a Great Profit Growth Tool
Most initiatives for new growth never manifest in their intended results, simply because the company is not ready to execute them effectively. The only way to overcome this situation is to develop a doable action plan, assess it against the current data given, and then implement and align everything in terms of sales process, leadership, communication, marketing, order processing, customer experience and so on so that the target can actually be reached.
How To Convert Business Growth Into Profit Growth
Management Consulting is in the mature stage in terms of life cycle. Instead of developing new services the main key players focus on efficiency improvement. Technological change contributes to that.
Our approach is to regard the process as a sequence of entry-point, agreeing to the terms for profit growth, diagnosis - our Profit Growth Consultants call it "download", fact finding, evaluation, presentation of the analysis, recommendation of the first 'one big thing' that will move the needle within 12 weeks, implementation, tracking, optimization, scaling and then go back and repeat. 80-20 rule is prevalent when it comes to this. And 80% of the one-step action plan is going to involve either following up more with leads and or customers, or getting more turnover per transaction, which might be a one-click upsell, One-Time-Offers, downsells, retargeting or simply selecting better price points etc.. Then the art for the Profit Growth Consultant really becomes to keep the entrepreneur focused, because clients, especially when they see that things start working, they love to get distracted and try other methods which tend to break the machine.
Why Customer Surveys Are a Great Profit Growth Tool
We as Profit Growth Consultants like to leave behind something sustainable ready for all times to come. This means not only enhancing clients’ ability to scale a dialed in and optimized process but also helping them learn organizing principles required to cope with future challenges.
When the entrepreneur participates in the diagnostic process - we call it "download", they are more likely to acknowledge their responsiblity in issues and to accept a revision of the Profit Growth Consultant’s task. Therefore top profit growth consulting firms tend to establish such procedures as joint consultant-client task forces to evaluate the data and other moving parts of the download (diagnosis). As the diagnostic process evolves, business owners naturally start implementing necessary acion-steps without even waiting for the formal list of recommendations.
The Profit Growth Consultant’s role regarding implementation of his own advice is subject to a remarkable discussion in the consulting industry. One could claim that a consultant who assists to implement his own recommendations takes on a much wider responsability that exceeds the one of a profit growth consultant and might even be at risk of conflict of interest. Others reckon that not helping with putting everything into effect can only be construed as non-professional because the risk of missing out on potential realistic additional profits comes close to 100% if the recommendations are not or badly implemented as they normally should be. Besides there are workarounds for the consultant without having to take on the manager's job in charge of implementation, e.g. outsourcing to an independent specialist or freelancer who just gets these things done and implemented.
How Remarketing Can Enhance your Profit Growth Even Further
Selling universal effectiveness is part of each step. Whilst taking note of a client’s worries about one department, the Profit Growth Consultant ought to relate them to what’s happening at other places in the company. While focussing on daily matters, he or she has to additionally think about potential future issues. When "downloading" managers’ concerns why profit growth is tough to achieve, the Profit Growth Consultant should also be vigilant for obstacles that may occur throughout the consulting process. Like this the profit growth expert contributes to average effectiveness through addressing instantaneous issues with sensitivity within the bigger picture and context. Entrepreneurs should not conclude that the Profit Growth Consultant is just after maximising his own profits by raising wider/more open questions. The Profit Growth Consultant is in charge to moderate and lead the entrepreneur through this journey so that targets will be met, no matter how. By interacting with the entrepreneur he/she has the chance to finally speak out those things that have been looping around in his/her brain for so long without any solutions so far. This is the pattern the Profit Growth Consultant has to break.
Most businesses have poor track records achieving massive change, and often the fact of introducing an outside consulting service becomes part of the problem, rather than part of the solution. We build research, engagement, overview and interaction into the process so that the entrepreneur will actually want to implement the changes that are proven to move the needle.
An effective profit growth consulting process involves working with the issue as defined by the client/entrepreneur in such a shape and form that more useful processes emerge organically as the engagement moves forward. Since most business owners are ambivalent about their requirements for help with their most important issues, the Profit Growth Consultant must skillfully react to the customer’s implicit needs. Our Profit Growth Consultants interprete a consultant’s need to entirely explore a situation prior to coming up with a solution and should realize that the definition of the most essential gap in any of the client's processes may well shift as the study proceeds. Chances are that even the most impatient entrepreneur will consent that neither a solution to an off-topic issue nor a solution that won’t be implemented is of any help to him.
Any of our Profit Growth Consultants will neither reject nor accept the entrepreneur’s initial outline of the situation too fast. Let's assume the issue is presented as low dedication and poor commitment in the organization's members. The Profit Growth Consultant who buys this definition for real might end up spending a lot of resources studying alleged symptoms without ever getting to the root of the cause. Other than that Profit Growth Consultant who too quickly rejects this way of labeling the situation will terminate a potentially constructive profit growth consulting process before it even begins.
Offering Value Added Services Can Increase Your Profit Growth
Management consulting includes a broad range of capacities, capabilities and skill sets, and the many companies and their consultants often define these principles quite differently. One way of categorizing a consultant's activities is in the form of the consultant's area of expertise such as operations management, data analysis, market research, brand positioning, strategy, or human resources. But in reality, as many variations exist within these categories as the number of categories itself. There shouldn't be any silo thinking so that the entire human capital is aligned and cohesive geared towards and consistently working on closing the gap between the current situation and your company's target.
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