This video summarizes the most common
Business Analysis Tools Business Consultants or Advisors Use when looking at
SME Businesses
I’m Niall Strickland –
CEO of GrowthOracle Dot Com, HowsMyBusinessDoing Dot Com, and Niall Strickland Dot Com. For anyone that does not know me yet, I am a management expert who has developed a range of automated business assessment tools for business consultants or advisors as well as for Small &
Medium business owners.
Most independent Business Consultants and Advisors operating in the SME space will choose a variety of analysis frameworks, tools and models that will get to the heart of any business and any industry. In this video, I look at some of the business analysis tools that I prefer to use.
I like to use the traditional trickle down
Vision,
Mission, Objectives and Strategies model.
I believe that Vision and Mission come from the heart of the business owner and those that surround him, both in the business and at
home. When there is clarity about the Vision and Mission, then Objectives must be set that marry with the articulated Vision and Mission.
To do this properly, a business owner must carry out a detailed analysis of the business environment in which he operates. This is most often accomplished with the help or facilitation of external Business Consultants and Advisors like us.
We are always looking for the sweet spot where sustainable competitive advantage exists or can be built in a business. This can only be done after both the external and internal business environments are assessed.
Next we look at the classical or prescriptive strategy, which is driven by the need to closely examine the external business environment. This can be broken down into
Macro,
Industry, Competitor,
Market and Customers. We all use our preferred tools to analyze these 5 core areas
The whole
point of using an array of business analysis tools when looking at client businesses is that each one uncovers something different and therefore a business consultant or advisor is better equipped to come to the correct conclusions for each of his individual clients. This allows the consultant to do his very best work and to deliver upon the promises made to any client at the outset….
Click on the link on your screen NOW to read the full blog article on this topic, which provides more details on the business analysis tools and how to use them.
http://growthoracle.com/business-analysis-tools-for-understanding-sme-businesses/
While there, why not also subscribe to the blog so that you can automatically receive free weekly tips and updates from me, on issues affecting business consultants, advisors and coaches. Every subscriber will get a free copy of my eBook about How to
Carry Out A
Health Check on a
Client’s Business.
- published: 27 Feb 2016
- views: 1