Times of
uncertainty usually entail bright prospects for an increase in the demand of
consultancy services. Whether it is a change in regulation, an unexpected and
sharp swerve in the market, the arrival of a new competitor or the like, specialized
consulting firms willing to lend a hand and unravel the mess, are not hard to
find.
There are
two main kinds of consulting services: On the one hand, technology
consultancies, and on the other hand, strategy consultancies. While the
former´s main goal is to develop and implement software solutions to their
clients, the latter gives advice on how to streamline and iron out a business
model, so as to make it run more smoothly and efficiently.
Large
accounting companies are also enhancing the services they provide, and making
the most of their client base, trying to get hired not only for the accounting
service, but for the consulting one too.
Nowadays,
making a living from the previous ones' leftovers, there would also be a third
group. Portrayed as a bunch of small and very specialized firms, they are
usually founded by former managers of bigger companies.
Consultants,
specifically the strategy kind, have been traditionally depicted as flashy
bright sparks that swing by the company's headquarters to tell the general
board what they could have known, had they listened to their own employees'
suggestions.
Nonetheless,
consulting firms are witnessing an unprecedented growth in their profits. Years
of experience under a consultant's belt, will undoubtedly empower them with
valuable knowledge which is liable to be in high demand by companies that
struggle to prosper in the same industry.
It's worth
noting that companies planning to ask for consulting advice, should make sure
they have an accurate conception of what their goal is, and how much they would
be happy to cough up in exchange for getting there, before signing the
contract.
Binding the payment of the service to the final outcome, could
also help clients subtly indicate to the consultancy, that they had better
forgo charging too much for an impracticable pipe dream embedded into a slide
presentation.