MBC is a veteran-owned Professional consulting and coaching group in Chicago, IL with more than 20 years of experience building world-class operations in various industries. MBC was established with a vision of bringing big company consulting to the small and medium-sized market. They work with clients in a broad range of industries to develop effective strategies which deliver tangible, positive results to the bottom line.
Family Business Consultants Groups consults are true experts in the field, with strong educational, research and Practical experience with the challenges and opportunities common to family businesses. Vetted for up to two years before being invited to join the firm, each brings a passion for the potential of family business and a drive to help these businesses excel and secure the family legacy for future generations.
From Day One, Ground Floor Partners seeks to build a Productive working relationship with you. It is the foundation for every successful Project. They take the time to listen, ask questions, and make sure they fully understand your industry, your business and your objectives. They work in a collaborative fashion, with plenty of opportunities for dialog and feedback.
Clarity was founded on the Principal of Providing big firm consulting best Practices with the innovation, efficiency, and personal attention typically found in smaller firms. They understand that complicated challenges call for both understanding and innovation, so we join forces with their clients and partners to deliver best-in-class solutions. They combine strong analytical capabilities with flexibility and experience to deliver dynamic solutions that are customized to meet the unique needs of our clients.
Anchor Advisors is a team of small business advisors dedicated to advancing the state-of-the-art in the leadership of founder-led businesses. Anchor Advisors works with business owners and founders with 10 to 100 employees who have seen growth and success in their business, but need to develop systems and Processes so that decisions can be made at a lower level of the organization.
At H2 we strive in helping small businesses grow. They focus only on small businesses. H2 helps new companies start up and also help those new businesses and existing businesses with small business management. They believe in small business and know what it is like to have a business with a small budget. They don’t believe that consultants should be paid big dollars just to come in and tell you what to do.
Since 2002, the industry experts at Fine Tune have been partnering with companies to source, negotiate, manage and audit certain “nuisance” expense Programs. Today, with companies stretched thin and fewer people taking on greater workloads, aligning with Fine Tune is even more essential. They start with effective sourcing and line-by-line contract negotiation. Then we dedicate the necessary time and resources to perform regular audits and Provide ongoing management.
L.E.K. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve Practical results with real impact. They are uncomPromising in their apProach to helping clients consistently make better decisions, deliver imProved business performance and create greater shareholder returns.
Bernadette M. Barron is a hands-on Professional with turnaround, interim management, receivership, trustee, operational, legal, accounting, tax and financial expertise. She has more than 25 years of senior managerial experience with assignments in over 30 industries. Barron Business Consulting Provides clients with turnaround, interim management, operational, accounting and tax advice as well as strategic implementation.
Chicago Consultants design and engineer supply chains thatrease service and reduce costs. Thisreases our clients’ earnings and their market share. They work for manufacturers, distributors and retailers. Their orchestrate supply chain components Procurement, sourcing and inbound logistics; networks of plants, warehouses and stores; inventory deployment; transportation; operations within plants and warehouses; packaging; customer service; order Processing and more.
McKinsey and Company helps organizations across the Private, public, and social sectors create the change that matters. They always helped their clients identify and set the direction toward their most important goals. Today, they go further: working together to turn these ambitious goals into reality.
Peritius’ unique delivery apProach ensures your Project targets the right outcomes. They clearly define your success metrics, outline how and when they’ll achieve them and manage Project outcomes through adoption. Peritius delivers game-changing outcomes. They’re a management consulting firm that untangles Project complexity and accelerates strategy. Contact them today to see how we can help.
Huron is a global consultancy that helps their clients drive growth, enhance performance and sustain leadership in the markets they serve. They partner with them to develop strategies and implement solutions that enable the transformative change their clients need to own their future.
Cedar is a global consulting, research and analytics group with a 30-year track record and clients across industries. Their general management consulting Practice helps clients transform in areas of strategy, Process, strategic human capital, and business technology, with a strong focus on driving growth, building synergies and realizing bottom-line impact. On top of this, their strong reputation of being Financial Services advisory experts is showcased via their specialist.
Strategy& was born in 2014 when Booz & Company became part of the PwC network, joining forces to create a new kind of consulting business one that combines a century of strategic expertise with the technology and scale to make strategy real. Strategy& is enriched by a unique heritage the combination of our many Proud legacies.
SEQUENCE has specialized in membership and platform strategies since 2002. They were Senior Partners in one of the largest and fastest-growing strategy firms in the world. They launched Sequence to help membership organizations succeed in the vital work they do to serve their constituents and make the world a better place.
Simplus is a Platinum Salesforce Partner and Provider of Quote-to-Cash implementations. They Provide enterPrise-wide digital transformation through advisory, implementation, change management, custom configuration, and managed services. Guided by the mantra, they use leading cloud solutions to help companies achieve a strategic vision, imProve performance, andrease value to stakeholder.
Pro Business Plans understands that every part of the plan requires the unique expertise of a specialist. That is why a diverse team of experts collaborate across all business functionsluding marketing, research, finance, and writing. You will be assigned a business plan writer to assist with your plan Prior to ordering so you will know who you will be working with.
Based in Chicago, they are part of the Richter Group, a full-service business advisory firm, founded in 1926, with 60 partners and over 450 employees. They Provide a full range of services delivered by a multi-disciplinary group of Professionals. They are the best in Chicago.
For over four decades, VANTAGE has been trusted advisors to companies around the world seeking to build exceptional leadership capability throughout their organizations. They take great Pride in executing Practical, efficient strategic talent management Programs that are tailored to each organization’s unique needs. They are the best in Chicago.
A business consultant takes the role of working with clients on numerous aspects of strategy, problem-solving, and planning. It is the duty of the business consultant to offer guidance and information which can be used by upper management or executives to master their business skills in whatever industry they are in.
The first step to actually asking a consulting question would be to take the time to listen. Yes, it might seem a little bit strange that listening is the first step to asking a consulting question but it is. Taking the time to listen attentively to what your client says is the jump point for making any consulting project a success. It can also help establish rapport and build a relationship which is quite key in this line of work. If you are unable to listen to what the clients want and how they feel about their current situation and business, you will be unable to understand the most appropriate solution for them.
The next step would be to ask the right questions. Asking the right questions will enable you to truly offer your clients the highest value level, which would help build your credibility and establish you as an authority figure.
“What is your number one priority for this business unit during this fiscal year?”
“Who will be making the final decisions on this project and who will be in charge of implementation?”
“What is unique about your business compared to your competitors?”
“Is there anything that you or your employees are doing that may be getting in the way of achieving this result?”
“What do you believe needs to be strengthened in order to support achieving this?”
“What was the main reason that you wanted to meet with me?”
“Many companies in this market are currently facing the issue of X, are you also finding that a challenge, or is there a bigger more pressing issue on your mind?”
“Can you tell me what your ideal client looks like? How old are they? Where do they live? What magazines or newspapers (or websites) do they read? What is their income level? What is their most pressing problem or desired result?”
“What options have you looked at to achieve this…?”
“What is the value of a new client to you?”.
You should be looking out for a degree in business or any related field. This degree should typically be a master’s degree. Additionally, certification is vitally important like the voluntary certification available via the Institute of Management Consultants. A credible business consultant that fits your hiring profile is one that has at least two years of experience. While there is nothing wrong with hiring a business consultant with less experience, it is much better to get an experienced hand on deck as your business will profit from the experience. Your business consultant is one that has key skills such as interpersonal, great communication, critical and analytical thinking skills, organisational skills, strong time management abilities, and more.
Business consultants could choose to front-load their billing. This means that if an invoice is only sent after reaching certain milestones, the fee is usually loaded at the front of the project rather than the end. For instance, a form of advance payment is required to begin the project, or that the first couple of payments are higher than those due much later in the project. doing this ensures that the project has a financial head start. It also helps to minimise risk should a client not pay on time over the course of a project.
The clients can also be billed often, given that the more a business consultant gets paid, the better their cash flow. And while monthly payments are the standard for business consultants that bill expenses and hours, the bills can come more often.
Business consultants can also choose to invoice immediately either once a milestone has been reached or the billing cycle has been reached. The sooner an invoice is sent to clients, the sooner the clients pay their bills.
Business consulting pricing and fees are typically structured in a couple of ways. However, like most businesses that offer a service, there is a bit of a challenge when it comes to pricing their offers. Pricing products is actually a lot easier than pricing for services due to the fact that the production costs of the products can be easily traced. However, services are more subjective when it comes to determining the value of one’s services.
This is one of the many reasons why varying business consultants have different techniques to make sure their services are priced appropriately. That being said, consultants take into account every important factor to ensure they do not undercharge or overcharge as the risk of losing clients overpricing can be an ever-constant possibility.
The base fee is usually $100 per hour which is then factored in depending on the mode of billing a business consultant utilises.
You have to ask your business consultant the following questions:
If they are collaborative
If they have knowledge of your chosen industry
If they can tell you more about their process involving their work
What is their biggest challenge within their knowledge sphere was the previous year
If they can guarantee success
What their payment structure is
What would occur if the contract was terminated
Why they should be hired over other consultants
If they are willing to sign a confidentiality agreement