Why Experienced Global Business Management Consultants Are a Business’s Key Asset

Companies should look for a consulting firm that is capable of supporting them through all the activities that are required to support strategic change. Short of that, companies are faced with the undesirable task of finding additional consulting resources that are a fit with their culture and their needs.

Below are some benefits that a well-rounded and experienced business management consultant brings to a business.

Enables a business to expand its reach

The implementation of lean organization structures has reduced the number of people in a company who are capable of supporting complex one of projects. A seasoned and full service consulting partner provides the bench strength needed to properly plan and implement these projects. Some examples include:

Analyzing the best supply chain footprint for your company

In the past three decades, US-based companies outsourced work to Asian regions because these countries provided a cost differential of more than 80 percent when compared to the costs in the US.

Understanding how this affects your company provides a strategic advantage in the marketplace.

Management consultants who specialize in near shoring will study a business (its total cost of ownership) and will assist its stakeholders in preparing and implementing supply chain strategies that maximize profitability, responsiveness and minimize working capital requirements.

Planning US-based businesses

Despite having one-third of the total world GDP, the US attracts only a small percentage of foreign businesses who are interested in expanding their served markets. Most foreign businesses look for distributors, manufacturer’s representatives, etc to hawk their products. That is chiefly because many business owners are unaware of the trade policies, culture and buying behaviors of the markets in the US.

Nevertheless, these businesses should take up the assistance of a global management consulting firm to develop effective strategies for serving American markets.

Improving operations

Businesses are constantly dealing with competitive headwinds and that is especially true for foreign-own businesses. Often they don’t understand how to boost efficiency, increase market share and optimize their product portfolios. Consulting firms who understand local markets can be their in-country partner to stream line operations, grow sales and increase profitability.

Assist in manufacturing, sourcing and distribution

Consulting firms who specialize in manufacturing have a primary aim of making a client’s manufacturing, sourcing and distribution cost-effective, sustainable, profitable and scalable.

They can help companies achieve double-digit improvements in key business metrics and reduce operational costs. A manufacturing, sourcing and distribution consultant stream lines a business’s supply chain to ensure speed to market and optimized human and financial capital by assessing:

Product management
Business optimization
Organizational design and development
Vendor management
Process redesign
Value stream mapping
Continuous improvement
Logistics and distribution
Supply chain effectiveness

Many management consulting firms are not capable of providing this level of support throughout an entire project so it is important to choose a consulting firm who can, otherwise there is a loss of planning and implementation continuity.

Aid in capturing market share gains

For many businesses, especially middle market companies, it is hard to keep tabs on everything ranging from product management to customer feedback to optimizing a supply chain. It is a lot of work. The lean nature of today’s business organizations are often overwhelmed with managing day to-day activities so planning for the future and implementing those plans is often given a lower priority.

Many companies choose to engage an expert strategist/consultant to help them plan for the future. For improving its’ market effectiveness, a business should hire a management consultant to create and implement strategies for:

Product/service roadmaps
Portfolio management
Product/service marketing and sales techniques
Product revenue life cycle
Sales effectiveness

Focusing on organizational design and development

Every business is focused on exceptional performance and to set new benchmarks of excellence. In order to do that, organizations need to have the requisite knowledge of leading and managing employees, vendors and other stakeholders.

Businesses that have built a sizeable workforce and an extensive network of vendors requires organizational development consultants to help create organization strategies to manage organizational complexity.

Unlike a project that is focused on fixing a specific issue, organizational development requires a more holistic approach. Successful organizational development consultants deploy assessment programs and undertake a series of continuous improvement workshops to help companies understand their strategic and operating gaps and to develop the appropriate skill sets inside the organization. By doing so, they can improve the performance of a business’s workforce and ensure sustainability.

In general, an organizational development consultancy will work with a client to create programs that are focused on:

Strengthening a business’s cultural environment
Ensure compliance
Revamping staffing, hiring and recruitment processes
Analyzing change readiness in a workforce
Improve organizational design

Consulting companies are bench strength for a company when they have a need to quickly and effectively implement change. A full service consulting firm is capable of helping a company understand its’ strategic and operating gaps and work with the leadership team to design and implement programs to deal with them.

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Business Management – Top 4 Mistakes

If you are a business manager then you will know the importance to company productivity of effective business management. However, business process management software and financial management are only one part of the task. The best way to go about business management is to make sure that the staff you lead are happy and have clearly defined goals. With great people skills, effective management is a hard task to accomplish. If you are struggling to meet the demands of your business management obligations, then here are some tips about how you can improve your management skills.

1. Not changing from a worker to a manager

If you have recently moved into business management, then it can be tough to make the transition from ordinary worker to manager. Although you want your employees to feel that you can identify with them, you need to remember that you are now in control and have more responsibilities than before. For effective business management you have to think about more than just your own needs and expectations, and begin to be responsible for your team as well. If you can do this, then you will make the transition from worker to manager more easily.

2. Not setting clear goals and expectations

Although you might know exactly what your team should be doing, unless you tell them what you want they will be left goalless and unproductive. For business management processes to work, you need to clearly define your expectations and goals to your team. If your employees cannot see the goals they need to attain, they will have no sense of achievement or of where their work is taking them. If you want your employees to do more than simply pick up their wages each month, you need to use clear goal setting as a major part of your management strategy. These goals should incorporate not only the expectations of each person, but the goals for the use of business process management software and future financial goals.

3. Not enough delegation

You might think you can run the business on your own, but this just isn’t true. Perhaps the biggest business management mistake is a failure to delegate duties to other employees. The attitude that ‘if you don’t do it yourself it won’t be done right’ will only make your working hours spiral out of control, whilst leaving your employees feeling unappreciated and unmotivated. Trust your employees to carry out the tasks you set them, and use your talents in business management and leadership to push the business forward. The more you delegate duties, the more time you will have to control your management actions and make the team work more efficiently.

4. Failure to learn

What worked five years ago might not work today, and so you need to stay up to date with the latest business management techniques. This is particularly true in the areas of financial management and business process management software. Keeping business process management software current will allow you to stay competitive and keep efficiency levels high. Don’t be afraid to learn new techniques and embrace technology. If you do this, you will find that your management skills will improve and your team will remain effective for many years to come.

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Business Management Software – How Do They Help Business Managers?

There are Enterprise Resource Planning systems that help manage huge global corporations and small business management software that are easier to deploy and use.

Small business management software can be a suite of programs for office work or specialized packages such as accounting, inventory management, fleet management or point of sale software. There are also industry specific business applications such as school management and retail management software.

How do Business Software Help Businesses?

Speeding up business processes is one major way that software helps businesses. For example, word processing has transformed the speed of creating, editing, storing and retrieving business documents. Just think of the typewriter days when any significant revisions would have involved retyping the whole document, and of the cumbersome practice of using carbon paper to create multiple copies of a document (some of which might never be used, resulting in wastage of paper).

With a typical office suite these days, you can do several things. You can create documents on demand, do elaborate computations, develop fantastic sales presentations and manage large databases storing information about customers, orders, sales and other business transactions.

Functional applications extended the advantages of using a computer to cover more business processes. Business accounting software, for example, not only speeds up the accounting process but also improves the quality of accounting, budgeting and reporting. It was now possible to generate elaborate analytical reports that would have simply been impracticable to compile using handwritten processes.

All the major key result areas benefited from the use of specialized management software. Inventory management software helped keep track of stock levels of all inventory items and monitoring them against minimum, maximum and re-order levels, for example. Manufacturing software enabled managers to have a clear picture of the up-to-date status of operations on the factory shop floor at all times. Scheduling software enabled them to develop shift working schedules based on complex criteria in a manner that did not overburden any worker.

While project management software helped project managers execute projects within allowed times and costs, asset management software helped protect physical assets of the business. Compliance with complex government regulations was another area where business software helped.

Web Applications add a new Dimension

Web applications such as e-mail and instant messaging transformed the communication scenario. Web sites and e-commerce enabled even small businesses with limited resources to trade globally. Internet telephony reduced the costs of long-distance calling to almost local calling levels.

And now cloud computing is making the large outlays involved in hardware and software purchases unnecessary. Instead, businesses can work with applications on the Web, paying only for what they use, and even store their data on Web servers. In addition to lowering costs, cloud computing also made it possible to access data from anywhere in the world.

Smaller pieces of software such as those that improved the ease and effectiveness of time management and calendaring helped individual workers to achieve.higher levels of productivity. Business contact management software can boost sales and customer satisfaction as maintaining customer contacts becomes a much more fail-proof affair.

Business management software and the Internet have completely transformed the way businesses are managed. They have sped up, enhanced the quality and extended the reach of business operations.

As a chartered accountant with business management qualifications and decades of exposure to business in senior to top level positions, Gopinathan helps small to medium businesses with new business start-up, business performance improvement and marketing. He uses structured business modelling techniques to help with all these, and has launched a business support website to provide the help in a convenient manner irrespective of geographical distances and boundaries.

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What Is An Online Business Manager, and Is It Time for You to Hire One?

Are you a successful woman entrepreneur whose multiple 6-figure business feels out of control?

Are you stuck? Overwhelmed? Frustrated?

Ever thought seriously about walking away because you’re so bogged down with business operations that you can’t follow your passion?

If this sounds like you, it’s time to find an online business manager.

What’s an Online Business Manager?

According to Tina Forsyth, the author of Becoming an Online Business Manager, the official definition of an Online Business Manager (OBM) is:

A virtually based support professional who manages online based businesses, including the day-to-day management of projects, operations, team members, and metrics.

An OBM isn’t a virtual assistant who performs tasks. He or she is a professional business manager who runs the company’s daily operations to give the owner energy and time to focus on strategic growth. The OBM gives the owner permission to be the Visionary and serve her clients, plan the company’s growth and future, and use her gifts to their fullest potential.

The OBM keeps all the balls in the air as the Integrator of the business. Gino Wickman and Mark C. Winters first defined the Integrator role in their book, Rocket Fuel: The One Essential Combination that Will Get You More of What You Want from Your Business. The Integrator harmoniously combines the major functions of the business (sales, marketing, operations, and finance), runs the organization, and manages day-to-day issues. This role is literally the glue that holds the people, processes, systems, and strategy of the company together.

The Integrator creates space so the business owner, the Visionary, can fully step into the CEO role and do what she’s called to do-change the world.

Finding an Integrator for your business would take a big load off your mind and off your plate, wouldn’t it?

I help women business owners who need that time and space. For the past eight years, as an Integrator in my clients’ businesses, I’ve had the great honor of making someone else’s vision happen.

You can’t do it all, and you don’t want to.

When you started your business, you had to wear all the hats. You had to be the visionary and the manager. You knew it wasn’t your best fit, but you could do it until the business grew a little and you could hire help.

Soon you hired someone to take care of the tedious work, but you couldn’t let go of much more. You still needed to lead and manage alone. You told your family (and yourself) that wearing both hats wouldn’t last much longer and you could handle it.

Now, your business keeps growing and you spend way too much time managing and not enough time leading and serving. You don’t have enough time to decide where the business is going because you’re trying to keep up with managerial tasks you never wanted.

You started your business to change the world and to have the freedom to enjoy life. At this point, you can’t do either because you can’t get out of that manager role long enough to catch your breath!

Hitting the ceiling is inevitable. Every successful woman entrepreneur I’ve seen comes to the point where she’s exhausted and can go no farther – she can’t continue to manage and grow the business by herself. She needs online business management services so she can move into the CEO position and Visionary role to grow her company.

Transform your business with an OBM

Your business needs a Visionary and an Integrator to be successful, and you can’t be both for long and sustainable growth. As the Visionary, you need an Integrator to implement and drive your vision, and your Integrator needs you to lead the company’s direction and strategize its future.

My specialty is working with multiple 6-figure clients who have hit that growth ceiling. They know they can’t continue being in charge of everything. I’m an Online Business Consultant, Certified Online Business Manager, and most importantly, a diehard Integrator in every sense of the term.

My clients are high-achieving women entrepreneurs who want to change the world, and their visions are huge. They have proven business models that generate multiple 6-figure+ revenues. Their desire to build an empire is inspirational, and they’re ready to turn over the reins of management to a trusted professional who will move the business forward.

Are you ready for your Integrator?

Have you hit the ceiling in creating new growth? Feeling overwhelmed or frustrated with all the “DOING” in your business?

About

Brenda Violette is Founder and CEO of Violette Business Services, a business management company that partners with entrepreneurial woman who have built a multiple six-figure online business and are stuck in their ability to create new revenue with them being the only one in charge of everything! They struggle and lose traction as they are buried in the “DOING” of the business.

Being a seasoned woman business owner herself, Brenda understands the struggles of other women trying to build a viable online business, balance work and a personal life, and contribute to the world through the business.

Brenda is an Online Business Consultant, Certified Online Business Manager, and most importantly, a diehard Integrator in every sense of the term.

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3 Surefire Ways to Know If You’re Ready to Hire an Online Business Manager

Are you a woman entrepreneur who’s frustrated in your 6-7 figure business?

Are you feeling overwhelmed, over-stressed, and not sure where to turn?

Are you so busy doing everything in your business that you never have time to focus on those high level tasks that will truly bring direct growth to your business?

Your business may be ready to hire an Online Business Manager (OBM).

When your business has grown to multiple 6-7-figures, it will require that you begin to step into a CEO and Visionary role to lead your business to higher levels of growth. The business now has a life of its own and if you stay in the doing role too long, you will lose control of your vision.

If you’re like most women business owners, you started your business for some or all of the following reasons:

You wanted control over your time and the money you make
You wanted your work to have an impact in the world
Sick of the 9-5 grind
Have a business you can schedule around your family and personal goals
Commit to something bigger than yourself
Create financial and time freedom

If you have a multiple 6-7-figure business, it may be time to step out of the tasks of day-to-day operations and management. You’re the only one who can lead your company to the next levels. You alone know how to move your business forward. Time and focus are now in high demand for you to lead your company to the next level.

The result of not stepping up will be that the business will begin to stagnate – you’ll hit the ceiling in ability to grow any further. You’ll need to stop trying to do and manage everything on your own because it’s simply not sustainable. You need help in business. At this phase in your business, you have a team that executes tasks.

Now the role you’ll want to hire will be an Online Business Manager, an Integrator, who can take your dreams and goals and make them a reality. You need someone who can effectively step in and manage your team, manage your day-to-day operations and marketing management, manage projects, and analyze and report metrics to determine what’s working – and what’s not.

If you can’t get out from behind the manager’s desk, frustration will overwhelm you… if it hasn’t already. You’ll struggle with “hitting the ceiling” and “feeling stuck” – if you aren’t already. Your life and relationships will suffer because you’re working a crazy number of hours every day just to keep things going. You cannot keep up this pace, and eventually something will give. You’ll burn out. I’ve seen it countless times.

While reading all this article, you may be wondering if it’s time for you to hire an Online Business Manager.

Here are three ways to know you’re ready.

Financial Readiness

Hiring an Online Business Manager is a long-term investment. An OBM does not replace a team of people who are responsible for executing tasks – you can hire any number of virtual assistants for task completion. An Online Business Manager runs your business while you step into the CEO and leadership role.

Psychological Readiness

You’re ready to turn loose a certain amount of control in your business to someone you trust. You know you need help in business, and you don’t want to be the only one in charge anymore. You understand it may be uncomfortable to turn over some control to someone else, but you’re willing to do it because deep down, you know it’s time. And you’re ready to let go of what you don’t truly enjoy to return to using your unique gifts to grow the business.

Lifestyle Readiness

You’re ready to have balance and get your life back. You’re ready to feel a renewed sense of passion for what you do, and you’re looking forward to having the time to create and strategize. As you let loose of the manager’s role, you’ll feel refreshed and energetic, and you’ll step into focusing ONLY on what you can do to grow the business.

If you can’t get out from behind the “manager’s desk” in your business it may be time to hire an Online Business Manager. Life’s too short to be frustrated and over-stressed in your business.

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