At its very core Business Consulting provides management assistance by showing a business entity or organization a way to improve their performance and efficiency.
At Louis Mamo & Company our professionals analyze businesses and create solutions while also helping companies meet their goals. Businesses consider bringing us on board when they need help or perspective on their chosen path or need a catalyst for change or transition in their companies.
With South Florida being one of the major business hubs on the East Coast and Las Vegas being the Entertainment Capital of the World, LMC has the unique ability to provide a wide array of support services to clients anywhere in the United States. For example, members of our staff attend various conventions throughout the year connecting with companies from around the world, identifying the latest trends and innovations that can be used to benefit our clients.
There are a number of reasons why business owners engage LMC:
The first step for any business consultant is the discovery phase, where the goal is to learn the client’s business. We at LMC take the time to learn as much as possible about the business, from both the owner and its employees. This can include touring a facility, meeting with a board of directors and employees, analyzing the finances and reading all company materials. During this process, we will uncover the details of a company’s mission and what operations are in place.
Once an in-depth understanding has been developed, we enter the evaluation phase, where the goal is to identify where change is needed. This includes identifying the company’s strengths and weaknesses, as well as current and foreseeable problems. These can include problems already seen by ownership and management, and new problems we identify through our objective observations. When and where applicable, we will also identify opportunities to grow the business, increase profits and boost efficiency.
It’s important for an owner to take our findings and recommendations at this stage as constructive advice and not as a criticism as to how they have been operating their business. As business consultants we bring objectivity and a fresh viewpoint to the table, whereas the owner is often times too close or emotionally attached to the business. You know that old proverb, “You can’t see the forest through trees”? It is very true. However, unlike some business consultants, we don’t completely discount the reflections and opinions of the owners either. We take everything into consideration and at times incorporate their feedback and revise our plans accordingly.
It’s important to understand that not only do we have the insight and know how on transforming your company, but we have the capability to actually do it.
Once we agree on a plan, we enter the third phase of consulting, which is the restructuring phase, or the implementation of the plan. In this phase, we build on assets and eliminate liabilities, as well as monitor progress on the plan and adjust it as needed. LMC will draw from various tried-and-true programs as well as unique innovations to help boost and solidify customer loyalty for your company or organization. We will also help you develop a stronger infrastructure and administration, as well as improve employee efficiency and morale.
To begin the Business Consulting process, please call us in South Florida at (954) 942-1120 or in Las Vegas at (702) 931-2022.
Have a question? Connect today with LMC. We look forward to speaking with you about your Accounting, Business or Marketing needs.