WHAT IS PERFORMANCE-BASED CONSULTING?
Performance-based consulting brings value to your business, and that value can come in a variety of forms – increased customer retention, cost reduction, enhanced inventory management, and so forth. No matter the case, the objective remains the same – to grow your business’s net profit.
Instead of consulting with your business all at once, such as in project-based consulting, we work with you a few hours each week for about three to six months. We do this because ideas, decisions, and their implementations take time to properly be considered, adapt, and thrive. We put ourselves in your shoes and see the entirety of your business, allowing us to work with you on all areas of operational efficiency, including marketing, customer experience, management, branding, pricing, product development, financial analysis, and so much more.
Throughout this time, we’ll not only tackle your business’s most prominent areas of opportunity, but we’ll also recommend solutions to any other areas in need of help. Results are expected to begin developing either during or shortly after the conclusion of the engagement period, leading to increased profitability. The greatest benefit of performance-based consulting is that you don’t pay a dime until your business sees results.
WHY CONSIDER PERFORMANCE-BASED CONSULTING?
Consultants are typically hired on a project-by-project basis but certainly have the potential to be involved with businesses for the long term. Yet, there’s always the chance that the person you hire will get fed up or fail to meet expectations. You can greatly reduce this risk if your agreement with the consultant requires that they finish the work to certain expectations. Whatever the task, you should have benchmarks of performance that need to be met in order for compensation to be given.
At the end of the day, you don’t want someone who just meets expectations. You want someone who will exceed them. When you hire The Business Turnaround Group, your mind is freed up to think about the bigger picture associated with your company’s vision. You can adjust the work that’s being done with a critical eye and focus on the things that you actually know how to do.