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Advising and consulting are two distinct terms that are often grouped together while thinking about business improvement and processes. It is not difficult to understand why -both consultants and advisers have knowledge of the respective disciplines. They go ahead with solving problems in quite similar ways. However, there are some critical differences to know about.
Advisory is regarded as the practice of assisting a client in enhancing the processes and systems over time. Advisers often work with the same organization on a long-term basis. Moreover, advisers might take up leadership roles within the same company. In some cases, organizations can think of advisers in the form of mentors as they are usually quite experienced in the respective industries.
Advisers usually aim at giving clients direction to help them achieve significant goals. Startups or small businesses might find hiring a professional adviser particularly useful to gain relevant advice from an experienced professional while getting help in the creation of a strategy to ensure long-term success.
Advisers tend to specialize in several different industries. Some of the common advisory jobs including business advising, financial advising, and IT advising. Some of the most common responsibilities of advisers will include evaluation of company operations, ensuring market research, monitoring accounts, preparation of reports, and identification of prospective opportunities. Advisers might also work towards designing new strategies while allowing companies implement them.
1. Strategy & Planning—Aligning initiatives with business strategy
2. Value & Impact—Demonstrating business value through informative reporting
3. Governance—Enhancing oversight and control 4. Project Performance—Striving to improve work outcomes
5. Organizational Readiness—Preparing the team for transformative change
6. Learning & Innovation—Gaining skills and leveraging best practices
At EDDM Consulting, we take a client-focused, no-nonsense approach to business management consulting.
What do we mean?
It means we don’t beat around the bush, spin our clients or prospective clients in circles, and try to sell them on consulting services they don’t need just to maximize our bottom line. Our goal is to provide business management consulting services which are scalable and aligned to our clients’ business needs.
It starts with a conversation …
During our initial introductory meeting, which can be conducted by phone, virtually (online), or in person, we’ll have an open, engaging conversation to learn more about your business, your business needs and “pain points” as well the types of business management consulting services you are looking for. We’ll ask a series of general and targeted questions to get a better understanding of your overall business needs and determine if our business management consulting services can best align with your specific business requirements.
Your time is precious …
We know your time is precious so if we don’t think we can help you, we’ll tell you upfront! And, even if we can’t help you directly, if we can point you in the right direction, we’ll certainly offer suggestions and recommendations to help put you on the right track! We’re aligned! Now what? If our business management consulting services align with your specific business needs and requirements, we’ll begin to drill down on the details and specifics; developing a framework for how EDDM Consulting can help your business.
When you’re ready to get started, EDDM will be ready to help! No pressure, really!
For the the What is the Difference Advisory is the practice of offering information and advice to other professionals to manage future risks, often based on data modeling and the application of lived experience. It’s a long-term relationship that helps a business to proactively prepare for change and uncertainty.
Consulting is the practice of recommending expert solutions to other professionals working in business, financial, or technical fields. It’s shorter-term in nature, with consultants delivering solutions to defined problems the business is currently facing.
A healthy business requires the proper building blocks for a stable foundation. A steady, informed, and experienced hand to lead the way. A structured, functional, and well-organized back office. A knowledgeable understanding of the financials and financial health of the company. Streamlined workflows & processes and the right tools & infrastructure aligned with the business. And the proper controls in place to ensure the business not only operates efficiently but in accordance with best practices, applicable laws & regulations.
For independent small businesses and small business owners, starting, running, and managing a small business the RIGHT WAY can be quite the challenge without the proper resources, guidance, and expertise.
EDDM Business Consulting helps independent small businesses and small business owners start off on the right foot and stay on the right track when running and operating their small businesses. We’re an independent small business helping independent small businesses.