Consulting and Business Advisory Services
As Senior Advisors at AMI CPA Professional Corporation, a trusted and experienced firm in business advisory and consulting, we bring a wealth of knowledge to assist your business in developing goals/targets and recommend solutions for achieving them.
We will help bring a high level of knowledge and perspective to every issue, big or small, from launching your business and setting up your financial systems to planning for succession.
What is the Difference between Advisory and Consultancy?
While “advisory” and “consultancy” are often used interchangeably, they represent different approaches and outcomes.
Consultancy provides expert advice on specific problems or projects. For instance, a consultant may help you implement a new accounting system, optimize tax strategies, or restructure your business for better efficiency. These are just a few examples of the many areas where a consultant’s expertise can be invaluable to your business.
Advisory is more ongoing. Advisors work closely with clients to understand their broader business objectives and provide comprehensive strategic guidance. Rather than focusing solely on problem-solving, advisory services aim to enhance the overall performance and growth of the business.
An advisor might help companies navigate complex financial landscapes, identify growth opportunities, or improve operational efficiency. In contrast, consultancy is often short-term and project-focused, providing expert advice on specific problems or projects.
Unlike consultancy, which is often short-term and project-focused, advisory services are long-term and relationship-oriented. This ensures a continuous commitment to your business’s growth and success, providing ongoing support and guidance.
How to Create a Business Development Plan
A Business Development Plan (BDP) is a roadmap that outlines how a business intends to grow and achieve its goals and includes the following:
- Start by identifying your objectives. These include increasing market share, launching new products, or expanding into new regions.
- Assess your strengths, weaknesses, opportunities, and threats. (SWOT) This analysis helps you understand internal and external factors that could impact your success.
- Identify your target audience. Understanding their needs, preferences, and pain points will help you tailor your offerings and marketing efforts.
- Create strategies based on your objectives and market analysis. These could involve new marketing campaigns, sales initiatives, or partnerships.
- Set a budget for your development activities, including marketing expenses, sales initiatives, and any other costs associated with growth, to allocate resources effectively.
- Establish timelines for achieving your goals to keep your team on track and ensure steady progress.
- Continuously monitor your plan’s performance and be prepared to adjust as needed in response to market changes and new opportunities.
Cash Flow Analysis
Cash Flow Analysis tracks the movement of money in and out of your business to maintain financial health, ensure you cover your expenses, and invest in growth. AMI CPA Professional Corporation can help pinpoint your current and future cash needs in advance to ensure that you have the necessary funding for future operations.
What are some of the Benefits of Small Business Consulting?
Small businesses often face challenges, from limited resources to intense competition. Consulting services can provide significant benefits.
- AMI consultants bring a high level of service and quality specialized knowledge and experience crucial in financial management, marketing, and operations. A consultant offers an unbiased view of your business, identifying problems and opportunities that may be overlooked by those too close to the operation.
- AMI tailors consulting services to meet your business’s needs, from strategic planning to process improvement and market expansion. Consultants work on a project basis, allowing you to access high-level expertise without a long-term commitment, which can be more cost-effective than employing full-time specialists.
- With access to accurate data, insights, and strategies provided by consultants, small business owners can make more informed decisions, leading to better outcomes. Consultants can help streamline processes, reduce waste, and improve productivity, contributing to overall business efficiency.
Summary
Whether seeking advisory services for long-term strategic growth or consulting to address specific challenges, the AMI CPA Professional Corporation team supports your business every step.
By understanding the differences between these services, creating a solid business development plan, conducting thorough cash flow analysis, and leveraging the benefits of small business consulting, you can position your business for sustained success in today’s competitive landscape.
Contact our firm for personalized guidance and support tailored to your business needs.