consultant fee

Small Businesses Admit They’ve Wasted £12.6bn On Bad Consultants

Small Businesses Admit They’ve Wasted £12.6bn On Bad Consultants

UK small businesses have admitted they’ve wasted £12.6bn on consultants that didn’t improve the performance of their business. According to a report by Zeqr, UK enterprises spent £60bn on external experts last year – though an estimated one million small firms didn’t get value for money. Accounting was the most sought after area for advice, with businesses forking out £9.1bn for help with their numbers. This was closely followed by insurance (£5.3bn), IT (£4.1bn), payroll and pensions (£3.3bn), and website building (£3.1bn). Despite the high costs, its suggested that 49% of small businesses avoid hiring external consultants because of over inflated costs, with 36% citing scepticism about their level of expertise as a barrier. Dr David Fraser, business expert and author, said: “Smaller orga... »

A Small Business Owners Guide to Using a Consultant

A Small Business Owners Guide to Using a Consultant

Whether for marketing, efficiency or another purpose, bringing a consultant is a necessary part of running any business. Choosing the right consultant is of course crucial, but it is only half the skill of maximising the return on your investment. This article covers how to manage a consultant effectively in order to get the best possible results. What should my objectives be when bringing in a consultant? Clarity is the key word here. If you are not entirely clear about what you want to achieve, it will be difficult to use a consultant effectively. There are many ways you can narrow down your objectives but first start by working out the end goal. Thinking in broad terms, what is it you want? Are you expecting a concrete, tangible output such as an increase in sales, or more ephemeral obj... »