Pixel

What Is A Business Consultancy Service?

Gary Green
Gary Green
July 1, 2020

Key Business Consultants offers a business consultancy service specifically designed for small and fast-growing businesses. In today's article, we'll explain the basics.

Our business consultancy service can take your business to the next level. According to Wikipedia:

The overall impact of a consultant is that clients have access to deeper levels of expertise than would be feasible for them to retain in-house, and may purchase only as much service from the outside consultant as desired.

What Is Business Consultancy?

A business consultant is a strategic expert who is brought in from outside an organisation. They are usually used in one of two specific ways:

  • Problem Solving - The organisation has a specific problem to be solved. Perhaps the workforce is unhappy. Maybe the company has received some bad PR. Sometimes it's just because profits have started to dip.
  • Value Adding - The consultant is brought in to make improvements not related to a specific problem. The goal may be to increase profits, reduce costs or maximise revenue.

Consultants usually have a specific area of expertise. In this article, we'll outline a few of these areas. We'll also explain how each one can add value to your business.

Sales & Marketing

This is an absolutely critical aspect of running a small business. Unfortunately, it's one are that a lot of founders and business owners neglect.

If you come from a tech or engineering background, you probably hate the thought of sales especially. You'd much rather work on the product than pick up the phone and hustle. You'd much rather write some code than worry about:

  • Social media
  • Copy writing
  • Websites and blogs
  • Sales
  • Paid advertising
  • Sponsorship and influencers

A marketing consultant can take all this stress away from you, leaving you free to run your business. They often pay for themselves within a few weeks from the extra revenue.

We have a sister company called Key Business Marketing offering all of the above. If you are interested in working with them, please visit their website or get in touch. We would be happy to make the introduction.

Accounting & Finance

When you first started your business, you probably handled the accounts yourself. However, once the business starts to grow, it's often worth bring in an outside accountant.

If you have a background in finance, you can continue to handle the books yourself. However, a professional accountant will always help you to:

  • Stay compliant with HMRC for tax, VAT, reporting purposes
  • Ensure your company paperwork is up to date with Companies House (if you are incorporated)
  • Track your spending, revenue, expenses and profits to make sure your business is viable
  • Manage your internal admin for areas like staffing (including payroll) and operations (tracking stock and sales)

We have worked with thousands of clients over our decade in the business. Please check out our case studies for examples of how we've helped businesses just like yours.

If you would like to discuss how our business consultancy service works, please get in touch. We'll start by learning all about your business. Then we'll put together a thorough plan for maximal growth and efficiency.

Interested in our services?
Fill in your details and a member of our experienced team will be in touch shortly to discuss your needs.
We adhere to strict GDPR rules and do not reveal or sell your data to any third-parties. For more, please read our Privacy Policy.
Latest Insights
May 26, 2021
The Most Common Tax Breaks for Small Businesses in the UK

A significant number of small businesses in the UK do not take full advantage of HMRC-approved...

May 24, 2021
The Complete Small Business Checklist for Hiring Your First Employee

There are a multitude of rules and regulations that you must be aware of when you...

May 21, 2021
Dealing With a Deceased Person's Estate - With or Without a Will

Everything you need to consider when dealing with a deceased person's estate and paying the relevant...

May 19, 2021
All You Need To Know About Workplace Pensions

A workplace pension is a pension scheme offered to employees by employers. Some workplace pensions are...

May 17, 2021
Tax Rates, Thresholds & Allowances for Employers in 2020-21/2021-22

All the tax rates, thresholds and allowances set by HMRC that employers should be aware of...

May 14, 2021
How to Fill Out a PAYE Settlement Agreement (PSA) Form: P626 & PSA1

A PAYE Settlement Agreement (PSA) allows employers to make one annual submission and payment to cover...

May 13, 2021
How Easy Is It to Get Funding as a Startup in the UK?

Financing a new startup business is one of the most crucial aspects of helping a new...

May 12, 2021
Benefit in Kind (BIK) Tax Rates: Calculating Tax on Employee Company Cars

The tax benefits of driving a company car have been steadily reduced over many years. Most...

May 11, 2021
The Essential Guide to Tax Relief Rates on Pension Contributions

You can claim tax relief for your private pension contributions worth up to 100% of your...

View Our latest insights »
Get the latest UK tax & business news and guidance delivered straight to your inbox
We care about the protection of your data. No spam. Unsubscribe anytime.
Copyright © 2021 Key Business Consultants LLP. Reg: E&W OC389322
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram