AuthorThis article is written by Andrew Anthony, business director at Savants. Its an independent advisory firm specializing in corporate recovery and corporate and personal insolvency. Archives
October 2020
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Every business has a unique way of determining success, and it is usually dependent on your expectations and objectives. However, there may come a stage where you might be uncertain where your business stands, especially amid major challenges you have no control of, like the COVID-19 pandemic. That said, it is a good time to conduct a business health check with a consulting firm that specialises in working with start-ups and SMEs in the UK.
Start-ups and SMEs are key to boosting the UK economy, but most of them are too focused on their teams, suppliers, and customers, with little room to work on the business itself. That results in minimal or lack of growth down the line, resulting in an underrated business that could eventually lag behind its competition. This is where a small business health check can be helpful. The health check for a business involves an evaluation of its critical elements. It can look into the status of your business, with perspective from an outsider who is an expert in management consulting. To get started, get in touch with a start-up consulting firm with extensive experience in conducting a custom company health check. A small business health check can be a step to improving your company’s efficiency and profitability, even during difficult times. The management consultant will work closely with you to analyse critical areas of the business, such as finance, the people and the organisation as a whole, strategy, sales and marketing, IT systems, procurement, operations, and cost reduction. After performing a health check in those business areas, the consultant will come up with relevant actionable plans. The objective is to improve your business and the performance of those areas for the long term. A company health check will involve some questions, which you must answer as truthfully as you can. That way, the management consultant can effectively analyse your current situation and recommend the best solutions that can mend certain issues and support your business development. Comments are closed.
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