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Editor's Note: This post was originally published in November 2015 and has been updated for freshness, accuracy, and comprehensiveness.
Owning a business means that you need to pay attention to every aspect of that business. You don’t have time to spearhead one major project, as it will pull attention away from the numerous other projects that will need your final approval.
Change is constant in modern businesses, yet organizational shifts, such as large-scale digital transformation or regulatory updates, can often be met with resistance.
Editor's Note: This post was originally published in August 2015 and has been updated for freshness, accuracy, and comprehensiveness.
Are your business processes efficient? Inefficient processes negatively impact your position in the market, so fixing the flaws is vital to your success. The flaws, however, can be subtle and difficult to pinpoint.
Business consultants are expensive. Many firms will charge you time and materials – an hourly rate anywhere from $125 to $250 per hour, plus travel, plus lodging, plus, plus, plus. So, what should you hire a business consultant?
Editor's Note: This post was originally published in May 2015 and has been updated for freshness, accuracy, and comprehensiveness.
What do you think of when you hear the word consultant? The value of a consultant is not the first thing that pops in heads of many. They think, instead, of promises made but never kept, money spent but never utilized, and plans created but never implemented. Clearly, consultants are doing something wrong.
The recipe for success in any economy is basic business fundamentals:
All projects, let alone management accounting projects, fail when they do not achieve the following keys to success:
Project management surveys show that only a handful of projects ever accomplish all three. Most projects are implemented and fail one or more of these criteria, and shockingly a large number are completely canceled due to failures.