Will SME's spend & invest in consultancy skills to help build their businesses in 2014?
To place this into context two recent comments have caused me to pause and really think on this question. The first was Warren Harmers excellent SavvySME article, "Small-business clients, the good, the bad and the ugly", and the second, at a think tank forum this weekend on the subject of SME's a fellow board member argued that SME's will not spend a cent in 2014 unless it is to save money.
I welcome your input.
Steve Gray Director at Gray Capital Investments
SMEs, a few issues to consider
- Busy - so time stops them (can't find enough if they did they might not spend it on more work related 'stuff')
- Over it... business has sapped their energy, they survive and hope for the best... not willing to try things.
- Spend, only if I have to - It's hard won $$ therefore you want it you need to be very persuasive to pry it from them.
- Consultant! - I'll do it myself, someday... (too proud to get in outside assistance).
Just a few thoughts :)
~~Most often SME’s do not have the experience in every field of their business to ensure success, or the turnover to support a high salaried individual who does. Therefore I see that it‘s a must for SME’s to engage consultants to support them in becoming more competitive in the market.
You only have to read the news to know that manufacturing in particular, is struggling in Australia. By engaging a consultant they can support SME’s in delivering real bottom line savings and speed to market.
Director, GERTON Logistic Solutions
Wendy Huang Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes
I'm sure small business will spend if they can see a direct result of the consultancy, but I feel a lot of sales messages for consultancy these days promise great results, but the pitches are not specific enough for me to justify spend.
Wallets are tight these days so I feel that consultants have an even bigger job and more pressure to do a great pitch for business.
I wonder if the money is the real barrier or the trust for the consultant to bring about change that will increase in revenue. Because logically speaking if revenue increase was higher then expenses it should be a straight forward decision.