Consultants need consultants, too. This may sound like a strange statement, but when you break it down it is actually great business advice. As a consultant, you are hired by business and individuals because you possess knowledge, experience, and skills in a specific area that can help them.
Therefore, you should hire people for the same reason they are hiring you – because they offer a specialized skill-set that can help you with your consulting business.
You Can’t Be a Jack-of-All-Trades - Play to Your Strengths
As a freelance consultant, especially when first starting out and money is tight, many fall into the habit of being a jack-of-all-trades. The problem with this is that some professionals stay this way, even when they can afford to hire additional help. Trying to do everything yourself will wear you down eventually, something that will impact the quality of work you provide to your customers.
Plus, it’s been proven time and time again that multitasking and trying to do everything yourself will actually make you less productive and efficient.
A recent post on Harvard Business Review examined a number of studies related to multitasking, and they found that it led to:
• Up to a 40% drop in productivity
• A 10% drop in your IQ
• Increased stress levels
These are all things that you want to avoid and things that could impact your bottom line.
When to Outsource and Hire a Consultant?
Hiring an outside consultant is something than many small business owners struggle with. When does it make sense to spend money on a consultant and get help? When will it provide you with the most value? And when will it benefit your business the most?
While every business is different, there are a number of common questions you can ask yourself to determine whether or not now is the time to hire a consultant:
• Do I have skills in this area?
• Do I have more important things to do?
• Do I have time to complete the task?
• Do I have the finances to hire someone?
• Do I enjoy the task?
• Will it benefit my business?
The Advantages of Hiring an Outside Consultant
As a consultant, you know the value of hiring a consultant. But, just in case you forgot, or you need a reminder to make your own decision about hiring a consultant, here are the key advantages:
• Specialized knowledge and expertise in a specific area
• You can use them on an as-needed basis
• They can manage a specific area of your business
• You can get an outside perspective on your business
• It allows you more time to work within your consulting business
• It can be more cost effective than hiring an employee
Get a Consultation on Your Business Insurance Needs
One area you should always get consultation on is your business insurance from an insurance professional. Whether you need Commercial General Liability Coverage, Home Office Contents Coverage or other business insurance, uBiz has your insurance needs covered. Get a free business insurance quote anytime!