What is Business Consulting?
Business consultancy is a service wherein a client seeks the advice of a trusted authority in business to guide the individual, team, or organization toward success.
More often than not, the consultant is knowledgeable, highly experienced in business, and has a strong track record of growing his businesses and training others to do the same.
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What to Look for When Hiring a Filipino Business Consultant?
While there’s no official way to qualify business consultants, clients look for the following attributes if they’re interested in working with one:
Thought Leadership
Hire a Filipino business consultant who is an industry leader actively sharing knowledge and expertise in various conferences and seminars in the field. Someone who shares his voice with integrity and sincerity speaks of his character of service.
A business consultant who demands high expectations of himself due to his line of educating others can prove his competence.
Citations From Mainstream Media
The best business consultants in the Philippines are the ones who are actively sought by mainstream media, like radio stations and TV shows to share their knowledge with the public.
Their servanthood attitude is easy to spot, as you can see straight from their interviews. It is a good consideration for businesses looking for a consultant, as these media outlets have done enough research before they let a thought leader speak on their show.
High-Rating Reviews in Speaking Engagements
What is a greater social proof than the audience who received the knowledge themselves? Seek referrals and recommendations from event organizers and organizations this business consultant has worked with.
They are the testaments of the true expertise and credibility of the person you want to hire for your business. Reviews from them, either positive or negative, can give you insights into what to expect from the business consultant.
Depth of Expertise
Business consultancy engagements must go beyond picking the brain of the consultant. Big corporations employ business consultants to validate their own methods, have someone to critique their current strategies, and offer specific problem-solving analyses to help overcome complex challenges.
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Business Training Philippines FAQs
A business consultant does several activities to help businesses grow in different areas of their business. It includes:
- Problem-solving to attack current challenges in one area/s of the company (i.e., digital marketing problems)
- One-on-one consultation with leaders to address managerial issues and level up leadership skills
- Develop systems to establish foundational recurring tasks to make operations and business areas efficient and effective
- Provides financial advice to ensure positive cash flow and continuous addition of new income streams for the business
- Analyze business models to ensure its current standing in the market
- Addresses market fit for the businesses to see new opportunities for product or service innovation
Yes, business consultants make money in the Philippines.
Business consultants, particularly those with certain expertise, enter a lucrative profession. They typically charge on an hourly basis, ranging from Php10,000 to Php1,000,000.
It depends on their experience, expertise, and the nature of the project they’re venturing into. For example, business consultants may charge a percentage of the total project value for more complex, specialized, and problem-solving cases. This means they get paid for the return of value from their work instead of paid hourly.
Yes, small businesses hire consultants. In most cases, they’re the ones that need help with consulting work.
1 out of 10 businesses succeeds in the first year of operations (source: Inc.). The probability is low for someone to take off his business. Thus, external advice, guidance, and coaching should be the top priority.
Filipino business consultants can help small business owners establish systems and departments in their businesses, making it easy for them to thrive, not just survive in their market.
Mr. Tampon brings a unique blend of local expertise, global exposure, and a deep understanding of the Filipino corporate culture. His hands-on approach and emphasis on practical application set him apart from other trainers.
