For and Against Business Consulting

Business consulting means hiring someone like Phil Thow to take a close look at your business and figure out how you can be making more money.  While this can be very helpful in determining exactly what areas you can improve in - and how to go about making that kind of change – you might also wonder if paying a business consulting fee to someone like Phil Thow is worth the money you’ll make on those changes.

Advantages of Business Consulting:

1. A consultant like Phil Thow can see your company from an outsider’s viewpoint, bringing an unbiased view to your company.
2. Having worked with many other companies before, a business consultant should know your business well – and should know several different business models to use.
3. A business consultant can also help you in implementing new organizational systems or technology that you’re unfamiliar with.

Disadvantages of Business Consulting:

1. Although a business consultant deals with lots of different companies, ideas that work for one company may not work with every company.
2. Some consultants may be too reliant on formulas or strategies that they’ve been trained with; rather than making sure their system will be what’s best for your company, they assume that it’s the best system to use, and try to plug your company into it as best they can.
3. A consultant may overlook vital distinctions between your company and similar companies, assuming that what works for another company will work for yours.  This can be harmful if you have specific differences that prevent another company’s success from working in your environment.

Phil Thow and other business consultants can help your company to improve its efficiency and organization, but make sure you call around and get a consultant who will respect your company’s differences and distinctions. 

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