Business Advisory

Many in business mix up the terms advisory and consultancy or assume they have the same meaning and effect.

We were once told that Advisory is the art of solving known and obvious problems whereas Consultancy is the art of identifying there is a problem and then trying to work out what it is. For the majority of businesses, Advisory is what is needed, the business owner will already instinctively know what the problems are.

Peter Drucker is known as the man who invented modern business management. He has written 39 books on the subject and is widely regarded as the greatest management thinker of all time. He is famously quoted as saying “If you can’t measure it, you can’t improve it.”

What does this mean? Well, for example, if you don’t count how many golf shots you take on a particular course how do you know if you are getting better or are better than the average golfer?

Our roles is to challenge business owners which helps identify areas causing them pain. By using our past experiences and knowledge, we work together to determine a desired outcome to the problem. Then we agree specific action plans to help achieve the desired goal.

We can help point you in the right direction, but it is only you who can effect change in your business.

We are currently working with a client who has seen both COVID-19 and supply issues cause a once profitable business to start losing money, which in turn has resulted in cashflow issues. By working with the management team we have identified areas where change is required and they are now putting in place changes that will turn the vicious circle into a virtuous circle and bring the company back into profitability.

A Business Advisory story

We're here to help!

Feel free to get in touch with us any time.