Startups require expert advice and implementation support in a variety of business areas, including growth strategy and competitive analysis, as well as operations management, human resource management, and financial planning.
While entrepreneurs generally have the vision and passion – as well as amazing ideas – to start a business, they frequently lack the basic business and management skills required to operate it, help it develop, and continue doing what they do best, the work that drove them to create the firm in the first place.
Startup strategy consulting can be extremely beneficial in this situation. This is one of the areas where Pearl Lemon Consulting truly shines. We are part of a collection of companies called the Pearl Lemon Group, which consists of businesses that are not so long out of the startup phase.
This means that our startup strategy consulting experts have recent experience with – and recollection of – the issues that today’s startups encounter. Unlike large, faceless consulting firms that typically only understand the theory behind starting a business in the twenty-first century, we approach everything we do in terms of startup strategy consulting with a ‘been there, done that’ – and often learned the hard way – mindset that is both refreshing and effective, according to our clients.
In short, we understand your pain, we truly understand what you’re going through, and we’re ideally positioned to assist you in all kinds of different ways.
There are numerous reasons to employ consultants such as Pearl Lemon Consulting’s startup consulting team. Give us a call if you’d like to hear them all; we’ll be pleased to go over them with you in-depth. For now, however, let’s take a look at some of the most significant advantages that working with us can provide.
Maybe your team is great at design and coding, but you’re not so good at marketing. Perhaps you’re a marketing specialist with a creative co-founder, but you need help with the business strategy. In a variety of scenarios like these, consultants are excellent for helping you find – and often even providing you with – short-term, specialized labor.
It’s a rare startup that can afford to hire all of the people they need to keep their firm running and growing. They’ll have to think outside the box until that position changes. Startup strategy consulting will teach you how to handle the legal aspects of launching a formal firm, how to correctly manage your finances, and how to stay on the right side of regulatory agencies, among many other things.
When working with startups, we frequently execute what we call a consultation intervention.
Every business needs a vision and a strategy. Not simply the one in the minds of the original partners, but a formal plan that is set out in black and white and can be shared with employees, future staff, lenders, and investors.
Reflecting and getting away from the daily grind to codify these ideas should be a priority, but many startup founders find that it never is since there is a business to run.
You must keep your foot on the gas to attract more consumers, deliver the product, handle the accounting, and feed the interns lunch. And that’s only the start. That’s why you’ll need an outside force to push you to step away from your everyday routine and think about the bigger picture. Otherwise, it will never happen, and your company will stagnate, if not fail entirely.
The majority of startup founders are well aware that the odds are stacked against them, and that the vast majority of new enterprises fail quickly. One of the best methods to help assure business survival is to have a plan in place for business management and development, and our startup strategy consulting team will help you create those initiatives, get them up and running, and then map out a strategy to help you keep to them.
Professionals at the top of their games have spent years building solid networks; no one worth paying a consulting fee would be where they are today if it weren’t for them. That is absolutely true of our startup strategy team since all of the people who have assisted them in building their firms are also available to our clients who require their services.
Our consulting staff has a diverse set of skills and experience, ranging from accounting to legal work to advanced methodologies such as Lean Management. And if they don’t know enough about something, they probably know someone who does, and they can help you get into that knowledge as well.
As we mentioned earlier, if you are going to choose someone to work with on startup consulting, it is critical that you work with someone who has been where you are now.
Pearl Lemon Consulting can attest to this. What’s that brilliant idea you’ve got that’s never been done before? After five tries, it hasn’t worked for us. You know that hotshot hire you’ve had your eye on? We’ve made that exact hire twice already, and both times it’s gone horribly wrong.
What about the joint venture you’re thinking of? We’ve signed identical ones a dozen times and understand how a small adjustment in one clause can make or break a company. Should you lease or purchase? Should you self-fund or seek outside funding? Is it better to sell or maintain your stock? Is it really necessary to issue stock? We’ve taken similar decisions in the past and are familiar with the results.
Aside from making money, which everyone wants, most people, including our team, come into startup consulting to assist others and help them avoid the mistakes, missteps, and overall suffering they’ve already experienced. And it’s a rare individual who spends a lot of time learning something and doesn’t want to share what they’ve learned with others.