Saturday, March 1, 2014

Learn More About Small Business Development Consultant

By Kendra Hood


Building a successful business requires team effort and is not an individual effort.At times succeeding in business requires the help of a small business development consultant. While the internal team may comprise of individuals who are working within your small business, the external professionals team may comprise of consultants, financial advisory, bankers and auditors.

At times, managers have difficulty identifying and understanding the negative effects of weaknesses in their organizations. External opportunities and threats exist independently of the firm. Opportunities refer to favorable conditions in the environment that could produce rewards for the organization. That is, opportunities are situations that exist but must be exploited for the firm to benefit from them. Threats, on the other hand, are conditions or barriers that may prevent the firm from reaching its objectives.

These professionals help in strategic planning. This involves establishing objectives of any enterprise, allocating resources and setting out organizations major goals. Consultants help in strategic planning by looking through existing customers, competitors, products and the available resources that can help improve the enterprise. N todays rapidly changing business environment, constant internal or external changes may necessitate changes in a companys goals, mission, or strategy. The time line for strategic plans is generally one to two years and can be as long as ten years. Strategic plans should be flexible and include action items, such as outlining how plans will be implemented.

With so many people in the market looking for job opportunities it is very important for an employer to come up with guidelines or rules that will enable him get the best workforce. Note that not all employees are qualified enough. Hiring good employees necessitates carrying out interviews before actual employment is done to enable the interviewer to find out whether the candidates are truly qualified for the stated job.

Pricing is one of the four Ps of the marketing mix. By pricing products and services helps in generating revenue to the company. It is also a primary part of financial modeling. It is very important to companies or enterprise as it shows how much clients value certain products or services.

The decisions producers make about distribution of products always contribute to the position of good in the market. The types of intermediaries producers select depends on the type of good they are producing. Specialty stores distribute top of the line goods while mid-price range products are distributed by mass merchandisers.The success of an enterprise depends on good management. Companies that are managed well always manage to withstand economic pressures. A good manager will ensure that the enterprise is protected against threats and competitors in the industry.

Good management enables the business to be operational for many years. This is largely depends on how effective the managers are. Managers are mostly responsible for making decisions on behalf of the company. Proper management enables the company to exploit many opportunities that help it to grow.

Internet marketing is a method that is used to promote products or services through the internet by companies to different clients. This method has been growing rapidly in recent years because it is very effective and not expensive. Most companies that have online businesses majorly rely on the internet as the only form of advertising. Another interesting way to look at management is in terms of the different functions managers perform.




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