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?
By delving into the figures in more depth than would normally be the case for annual accounts preparation, we can frequently help business owners solve their problems. We do this by agreeing what the desired outcome to a particular problem is, then using our past experiences and knowledge we agree specific action plans to help achieve the desired goal.
Contact us today to discuss how we can help you measure and manage your business better.