Companies seem to dislike the term ‘turnaround consulting’ because it represents failure. The truth is that turnaround consulting represents success at realizing the company is going in the wrong direction. The only time the company fails is when it is not possible to do a turnaround anymore. We help companies pivot into more profitable directions where they can expand and grow. It is inevitable that companies will end up making a few mistakes; we help them correct these mistakes.
We help companies turnaround their non-profitable ventures into something that benefits them. Our specialty lies in understanding what makes a company special and what makes it tick.
Thallo WP – we help companies assess their skills and choose a new direction which utilizes the talents of the team and resources most productively.
DAvid Jame,2019
The evolution of a consultant
Many businesses, large and small, have a huge source of great ideas that can help them improve, innovate, and grow, and yet so many of these companies never think of using this amazing corporate asset. What is this highly valuable asset? Its own people. Says Morgan Fraud, the author of The Thinking Corporation, “Given that we are all capable of contributing new ideas, the question becomes how do you successfully generate, capture, process and implement ideas?” Becoming an organization capable of answering this question can benefit in a number of ways:
- Work fewer hours & make money
- Attract and retain quality, high-paying customers
- Retain, high-paying customers
- You’ll get more done in less time
Consulting is the business of providing expert advice
The true picture of modern consulting is a lot closer to home, and you probably know someone right now making great money as a consultant. 36% of the US workforce is currently engaged in some form of independent consulting and contract work, and out of this group, nearly 20% of those working full-time are earning north of six figures.
Which method is right for you?
If you really like the done-for-you approach, you can scale an agency. You will need to hire and train lots of people, and keeping the work quality high can be a challenge. On the flip side however, finding clients who want a turnkey service is very easy
When people hear the word “consulting,” they often think of Harvard MBAs advising enterprise businesses on corporate strategy. They think that being a consultant means obtaining difficult degrees and certifications from prestigious universities in order to land a competitive job at a top consulting firm.
With the rising costs of full-time employees, more and more businesses are looking for temporary and ongoing outside help, often in the form of consultants and done-for-you services. If you are interested in starting your own consulting business, there has never been a better time to get started.