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Consultancy in Bangalore
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January 10, 2017 5:50 AM CST
Once you have adjudicated or desired to hire a Consultancy for your business and its time to choose the best consultancy to move ahead. Handicaps or stumbling blocks in hiring a consultancy are listed below and so are the highlights and advantages in hiring a consultancy for your business.
The ascendancy or Advantages in hiring a consultancy or a blessing in disguise in partnering with a consultancy for your business. and have a brief talk with at least a few consultants before short listing the consultancy that may be suitable to funnel your business growth and it is vital to choose the best option as it is critical factor which may skeptically / adversely affect the growth in your business.
The more of consultants you may meet in the process of short listing the one who may be going to partner with your business in the long run and more of consultants you are meeting in the process will help in focusing on the issues on hand to be resolved.
1.Most consultants focus on cutting costs and raising revenues and most of the consultants in India are expertise.
and focused on fundraising or crisis management.
2.Cost cutting in a company will be addressed and resolved by the common way of minimizing the labor costs and
maximizing the productivity in an employee.
3.Your Business need's a consultant who may understand the value of timings and since the time he is hired he is being paid for his services and mostly any consultant have the habit of prolonging the relationship with any business in the view of maximizing his or his consultancies revenues. and have a clear understanding the area of expertise a consultant needs to focus on and that may be
Fundraising
Cost Management.
Cost analysis.
Management related matters of concerns.
Critical Improvements in the software or Production related matters.
Marketing or Improving strategical or critical markets.
Subject matter expertise.
Market research.
And so on. And once you decided to hire a consultant to Improve your business time will be a crucial factor and a consultant is a temporary paid employee who had been hired for a specific task and only for a time frame.
The best possible method of streamlining the tasks of a consultant is to have a memorandum of understanding of the specific tasks and the time and task specified being mentioned in clarity between both the parties involved. The more specific matter in the memorandum of understanding to be mentioned is the confidentiality matters of concerns and a consultancy can gather enough information about your company in the small time frame he is associated with your business.
There may be the rarest incident of matters of confidence being leaked out to your competitors on the completion of a consultancy tasks and that may affect the business in the long run.
All confederacy and alliance of the consultancy with your employees should be a matter of concern to any businessman who may be associating his self with a consultant and a code of conduct with the employee had to be inscribed beforehand and most of the consultants work in small markets and confidential matters regarding your company can be passed on to your competitors and a consultant will think twice if he had signed a confidentiality
The two types in a consultant are the One man show and the team or consultancy firm and usually, the solo Consultants may be a Subject matter expertise and can be working with various other business for a living and a consultancy firm is a team effort of expert individuals.
Request for past records of a consultant and-and references of the past clients' list and do not be carried away by the big names list a consultant may give and just because he had worked for big names like Wipro or Reliance it does not mean the consultant will know Mr.Azim Premji or Mr.Mukesh Ambani Personally.
Apprehend the thought and let the consultant understand working for small and concerns like yourself and do not work with a consultant who cannot fathom the idea that the universe does revolve around Wipro and Reliance only or for that matter Google.
Understanding the client list of a consultant and the time he may spare for your business is vital in the partnership of any concern with a consultancy and the level of expertise and team strength is to be gauged in a consultancy and the time the consultancy firm can or may be able to spare for your consultation and the quickness in responding to your quires will be crucial questions that are to be asked before signing an agreement with a consulting firm and a bit of caveat from experienced business man who have hired overly invasive consultants do not hire a consultant who has just yourself as a client.
If the work of a consultant is technology based and have a clear understand to be taught to yourself and your team try and be self-sufficient with the little time you may have in your association with the client.
By engaging your staff in the training process you are self-sufficing in your concern and curtailing expenses incurred with your associations with a consultancy in the future.
Other matters of concern in clarity before signing a contract with a consultancy are
Expenses injured in the process of consultation.
Detailed report on regular intervals to be submitted to the authority of supervision.
Propriety authority in all levels of consultation to the business who had hired the consultant.
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