• Is your business slowly dropping sales and losing profit?
• Are you looking for a long-term strategic plan that will help your business earn higher profits?
• Are you a young company looking for a stable foundation?
• Or maybe you’re an established business looking to take your business to the next level.

Profit growth and projections are clearly important to the growth of a company. If your business is not “lighting up the boards” – that is, making a bunch of sales, then hiring a sales growth consultant might be one of the best decisions you can make for your business.

Especially in a recession.

But can we afford it?

The bottom line is that any sales consultant worth their salt will not cost you money. They may be an expense in the short-run, but the beauty of sales growth consultants is that they quickly produce returns on the money you invest with them.

Not only will a good sales consultant reinvigorate you and your sales force, but they will give you actionable, proven ways to increase your sales NOW! Not to mention help with training new sales people.

There are many different strategies and techniques a growth consultant could use to help your business, which ones will work for your company?

Choosing the ideal sales consultant

When looking for a sales growth consultant you should consider the background of the specialist and their past credentials.

• Have they helped companies like yours before?
• Do they have references you can talk to?
• What was their career before they started consulting?
• Do they have a good reputation in the area?
• Have their techniques had demonstrated success in improving company revenues and profitability?

Where can I find a consultant like that?

Jacoby is a Business Growth Consulting firm specializing in sales growth that’s located physically near Baltimore, Maryland. But we have clients are from all over the country, from California to Texas to Boston.

In addition to decades of combined experience, the reason that our clients excel is because of our passion for helping clients, and seeing them succeed.

Aside from sales growth consulting, we have the expertise and know-how to solve complex business problems that can help your company prosper.

Call 410-744-3900 or fill in this contact form to get started.

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Investing in the assistance of outside advisors is a key decision for you. Your time is very valuable and you want to make sure that you get a high ROI.

The most important decision you’ll make is WHO to engage. And to make that best decision work for you, you want to approach it with a good understanding of business consultant prices and how to assess how much you should be willing to pay.

What determines the price?

As in most industries, business prices are determined by a number of factors, none more important than the reputation and track record of the consultant.

Generally speaking, if the track record is there and can be verified by satisfied customers who have been the recipient of tangible results, your ROI will be secure. If they’ve performed before in similar situations, there is a much higher probability that they can perform for you.

Other factors besides reputation and track record weigh heavily as well. Rates vary by

• Size of customer,
• Markets served,
• The degree of specialization,
• The potential value of the work and
• The marketability of the consultant.

Let’s take these factors determining business consultant prices one at a time.

Larger companies tend to pay higher consulting fees than smaller companies. The consulting firms that serve them have high marketing costs and overhead and therefore have a higher rate structure.

Certain markets allow higher rates and this is closely tied to the level of specialization. For example, heavily regulated industries such as financial institutions and technology generally prefer to work with consultants who have specialized in understanding their issues.

Specialization can also be a differentiator that rationalizes the price you should pay for business consulting services. For example, there is a strong demand for intergenerational consultants to help companies understand their multigenerational workers better in order to motivate and retain them.

The potential value of the work is a key determinant of price. If your potential gain from every additional sale is $100,000 profit, you will pay more for consulting advice that wins that business than another company who gains $100 from an additional customer.

Unfortunately, the ability of the consultant to market themselves is another key variable in determining price. I say unfortunately because ultimately what you care about is getting results, not in being wowed. Unless they are a pure genius who stands out dramatically from the crowd, consulting fees will be higher for those who market themselves well.

So, how much should you pay?

The key to making a good decision is to calculate the ROI on each consultant you interview and choose the one that delivers the highest ROI. You’ll have to make some assumptions to do this but that is the rigorous thought process that gets you the best result. Its not the business consultant prices in isolation that matters, it’s the RETURN on them that’s the key!

With a now thorough understanding of how prices are determined, ask the consultant to provide you with an ROI projection. A simple ROI calculation would be to take the total incremental earnings you will receive because of the assistance of the consultant and divide it by the total cost of the consultant.

A better calculation is to time-adjust and risk-adjust the rewards and the cost using a net present value calculation.

So, calculate your ROI on your consulting options, choose wisely and prosper!

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The marketing plan document developed by the promoter will have answers to all these queries and lay the foundation of the business’ success or failure, depending on how cautiously it has been planned. A marketing strategy must be written and communicated in a very simple way so that it conveys in a nutshell what it intended to.

Professional business consultancy services come to a promoter’s rescue in this area. Such professionals help the promoters in developing a vision for the company by identifying the business’ strengths and areas of improvement. They also gaze loopholes in several business related strategies and modify them to achieve the set goals.

View Your Consultants as Marketing Partners:

Consultants can offer you relevant advice on necessary business tactics after studying the market trends. Their suggestions are based on their market analysis that views various market related facts under the microscope. Some factors that consultant consider while compiling a market report include preferences of the consumers, consumer habits and their buying power, and the competition that the new business is likely to face in the targeted area.

Thus, the consultants help you in determining the feasibility of your business, and therefore act as your marketing partners. They weigh pros and cons of business strategies and advice you accordingly. Besides, they offer a variety of services including business start-up advice, operation analysis, formulating marketing strategies, making business plans, management consulting, and much more.

How Do Consultants Help With Business Growth Strategies?

Expert consultancy services are available in the market. They can increase the productivity of your business manifold, allowing you to concentrate on management or other services related to the core business. Such services are personalized and customized for user satisfaction. Besides developing marketing strategies, consultants also undertake the work of marketing them. They do it in many ways – propagating through advertisements in public places, creating catchy television ads, or by simply offering incentives to the buyers when the buy a particular company’s products.

E-commerce marketing strategies are also gaining a lot of popularity, since they are low-cost ways to advertise. There are specialized business consultants who develop websites for companies and implement effective strategies to create traffic that generate revenues for the company.

So, go ahead hire a personal marketing partner to show you the right direction.

– Alexander Gordon

Here at Business Growth Consultant, we’ve enjoyed many successful engagements expanding client businesses. During the growth stage, we’ve helped clients articulate what they want from their business, and then match these desires with internal and marketplace conditions to capture the real opportunity.

Most importantly, those of us at Business Growth Consultant help growth stage clients select and execute strategies to ensure that the business grows rapidly.

Specifically, Jacoby helps clients:

• Refine the business plan
• Plan for profit improvement
• Strengthen the management team
• Improve marketing & sales plans
• Upgrade operations and processes
• Analyze competition
• Understand industry & market conditions
• Secure additional rounds of funding
• Acquire other companies

Please let us know if we can be of further help.