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Advice Fever - To Hire Consultants or Not?

Sep 10, 2008
The truth is neither small nor medium entrepreneurs need formal management consultants. It is surprising to see how experienced entrepreneurs and specialists are willing to exchange ideas and guide entrepreneurs in important decisions in which they can contribute. Do not be embarrassed to ask for help, you will be surprised with the generosity and spontaneity of some people. This time together will be a great humbling exercise and reflection; a training for the entrepreneurs to make good use of the benefits of a true administration advice in the future.

The number of executives that seek for risky capitalists for consultants in management is growing. The budget can include invitations for applications for potential counselors and some payment consultants for different categories.

The huge interest is probably related to the financial success of many entrepreneurs that started to invest in the stock market, which requires an experienced counselor. Although, many entrepreneurs began to view a consultant as a way to differentiate and demonstrate professionalism, as if by just being there it would make them a serious business.

Many entrepreneurs seek to ease the typical loneliness so often felt in leadership positions with a council made up of professionals that know each other through social means. Surely the friendship does not damage the purpose; however this should not be the main criteria when choosing the counselor. The most important thing to consider is the experiences each one has. These advice meetings were not created for executives to get together and have fun, but to share experiences which help to lead the business.

Some companies are interested in improving the perception in the market that they are looking for and to gain the endorsement of renowned businesses. They want to take advantages of the companies which have strong names in the market, relating themselves to them, to use their merits for future businesses. This is all part of the marketing strategy.

There are entrepreneurs that want to create a periodic check up. They hope that the formality required by a council management will bring discipline that they can hardly keep by themselves. They recognize this to be essential because many companies are not prepared to enjoy the benefits that this framework can bring.

Entrepreneurs that think for themselves tend to find good ways to make their plans work out without the need of consultants. Most consultants are usually retired executives from big multinational companies or those who do not want this kind of responsibility any more. Before trying these professional consultants you should check up the challenges your company faces, to see if it is necessary to form a board. This should be one of your priorities and not just to get together for fun meetings. Remember, a council can be great if it is necessary and does not take your attention away from what is urgent.
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