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
September 21, 2021
How to Claim EIS Income Tax Relief in 2021

If you need to know how to claim EIS income tax relief and enjoy what is...

September 2, 2021
Recovery Loan Scheme - What Is It and How Do I Apply?

As businesses seek to re-open and recover from the global pandemic, there are various forms of...

August 16, 2021
The Super-Deduction Scheme - How Does It Work?

You may have heard the term 'super-deduction' recently and wondered if you could be affected by...

August 12, 2021
The Tax Benefits of Non-Domiciled Status for UK Residents

Having a Non-Domiciled Status if you reside in the United Kingdom can have great benefits for...

July 9, 2021
Stamp Duty Land Tax (SDLT) Surcharge for Non-UK Residents

Stamp Duty Land Tax (SDLT) rates have changed again for non-residents buying a home in England...

July 7, 2021
How Is Cryptocurrency Taxed & Do I Need to Fill A Self-Assessment?

Cryptocurrency may live online with no government control or borders, but if you are in the...

July 5, 2021
Venture Capital Schemes: Tax Relief Guide For Investors

When it comes to finding out what tax relief is available for investors using a venture...

July 2, 2021
Claiming Business Asset Disposal Relief in 2021

Business Asset Disposal Relief (BADR) used to be known as Entrepreneurs’ Relief before 6 April 2020....

June 30, 2021
What Is Form 17? Transfer Of Beneficial Ownership

As a general rule, the fall-back position for couples who live together with their spouse or...

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