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Consultancy Myths...

When it comes to deciding whether or not to work with us, one of the biggest questions on business owners' minds is: "Will consultancy help save me money?" The quick answer is, most likely, yes! Here's a cost-benefit analysis example to show you how hiring VA can quickly start saving you both time and money.

A common opinion is that consultancy firms are expensive and are only intended for large corporations. While this may have once been the case, this couldn’t be further from the truth in modern society. Consultancies can be both time and cost-effective when contrasted with the opportunity loss and compared with the return on investment. 

What does the balance sheet say?

Although not every business will be the right fit for external consultancies as there are situations that wouldn’t potentially lend themselves to consultancy, the cost outlay may not be as significant as imagined.

For example, an internal CI Lead would typically expect a salary in the range of £43,056 pa. Once you have added in the employer NI, absence and non-productive time you can be looking at a £70k per annum outlay. This may be fine for businesses already operating within a lean structure and just looking to bring fresh eyes onto an existing team. Or operating at an enterprise size that benefit from economies of scale, but still, it is worth asking the question. "What is the true value we are getting out of this?".

Another option, VA offers consultancy packages that can be fitted to suit a business’s unique requirements. Whether it is a number of specific projects, corporate acquisition support or colleague upskilling and business transformation. The packages range from just £250 per calendar month (or £2400 per annum) for retained business support, with more intensive or specific packages also available for selection.

Therefore, a business could exploit all of the benefits of an experienced consultant operating a proven methodology that has been adopted by industry giants across different industries, at a fraction of the cost of a permanent internal appointment. Not to mention the cost saving, productivity benefit and optimal utilization generated from processes and project windfalls that are being simultaneously delivered while upskilling your existing team. 

Let's Talk!

If the above interests you, why not contact us to discuss a potential package that would suit your goals, ambitions and time scales to see if we are the right fit for your business in 2023.