Read em and weep. The statistics on business failures in recent months and years are nothing short of horrifying. Just as horrifying is the most common excuse that those who were running these businesses give for their failures. “They didn’t anticipate impending changes in the economy and business climate”.
Sure the executives of businesses like the big three auto manufactures and larger lending institutions can afford to take long “siestas” while their business sail toward the rocks, because they know that Uncle Sam will always come to the rescue just before they run aground. However; what about you and your business?
Of course you are completely familiar with your particular business but are you an expert on extraneous particulars that can effect your business in the coming future? For instance, can you rely on your local community for a reliable labor source for the upcoming decade or should you be exploring concepts in outsourcing?
Hard work and determination got you to where you are in business now and of course you can always count on that to carry you through. However; have you ever considered the possibility that an outside opinion, particularly on newer more technologically advanced subjects like advanced business intelligence usage might be of benefit?
Can you really trust the opinions of government business and economic analysts for instance? Also, how with fluctuating currency values and oil prices effect one or more aspects of your business? What about changing tax laws and the new economic stimulus package. Are you familiar with all aspects of these and other coming changes?
New trends in outsourcing and foreign competition mean that for today’s businesses owner and managers that aspire to remain competitive, the advice of a business intelligence advisor can prove to be invaluable. It’s a fact that you will make miscalculations, because everyone does but a business intelligence advisor can and will help you to keep your miscalculations to a minimum.
Are you aware of all the new developments in business intelligence software? Software tools such as Crystal Reports that you can use for data mining and analysis and writing intelligence reports. Be aware that a tighter credit market means that banking loan officers and potential investors now want to see detailed business reports before they will consider any type of business financing.
The Cost of Business Intelligence Advisors
There are basically two considerations that you should take in when contemplating the cost of bringing in an outside unbiased business intelligence advisor. First, there is the actual cost of the advisors work, which may be far less than you imagined. Then there is the cost to your business that can be incurred by going it alone without the help of a business intelligence advisor in today’s far more complex and competitive climate. Bear in mind that advice in business is worth what you pay for it, thus, free advice is worth absolutely nothing.
Aren’t Business Intelligence Advisors Expensive?
The cost of expertise isn’t negligible but the results can be very significant. An investment in your business could be your best chances at ensuring you survive difficulty in the economy, survive new competitors in your field and keep loyal customers loyal while driving new business your way. A company that continuously improves also retains its best talent as individual contributors appreciate working for an organization that fosters personal development and growth.