SMEs (a small-medium-sized enterprise) have always played an important role in the economic growth of a country. Small businesses, considering the United States alone, comprise 99.9 % of the workforce.
When small (or medium) businesses fail, the economy suffers
Likewise, a healthy economy needs SMEs to succeed, and although SMEs play such a vital role, they don’t have the resources of a larger company. They might not have access to newer technologies or the knowledge base they need to expand their operations.
The post-automation workforce has created opportunities (even as new technologies have replaced humans) for SMEs to actualize their continued development and growth.
Business consulting companies can help
Business consulting companies are SMEs too. But their B2B model means they count on other SMEs to boost their own growth as a company. A business has to have clients or customers in order to be successful, and that often comes from other SMEs (even large corporations depend on SMEs).
An SME works within certain limits, including employees. The exact definitions and stipulations depend on what country someone is in, but SMEs usually don’t have an in-house team that can provide the kind of service or solve the kinds of problems that a business consulting company specializes in.
Whether it’s web development, customer service, IT, or accounting services, business consulting agencies (check out WordPress Rockstars or Quinji from Upwork) offer something that most SMEs don’t have the skills (or the time) to do.
As SMEs, business consulting companies play a key role
They are the skeletal system, the background laborers behind your pay stub and business cards. They have evolved to meet the times, which are somewhat different than the robot invasion we thought was coming. There’s always a person (or multiple people) behind a robot.
There is also always a person that knows how to do the thing(s) we don’t. This is essential for small businesses. In order to meet the needs of the customer, the business owner has to meet their own needs and lack of training or knowledge in an area.
The globalization and digitalization of the marketplace have presented new challenges. Jobs become obsolete, but new jobs take their place as technologies develop and plow forward into the future.
Specific skill sets like SEO and SEM specialization can only be obtained online – the internet is moving faster than degree programs can keep up.
SMEs need business consulting companies to help them evolve
It is a disorienting time we live in, but SMEs have endless options for outsourcing their business needs. This bolsters the economy and leads to innovations, sometimes surprises.
Small business owners have different needs today than they did ten years ago, and businesses that refuse to adapt their model will likely not survive unless it’s a backward trend (like human voices on the phone). We thought automation was great until we tried to call customer service.
Business consulting agencies can save people time and money
Little wonder that SMEs usually do a few things really well. Any more than that and quality can’t be maintained unless employees and generated revenue are significantly increased (and this has happened before).
Business consulting companies also do a few things really well, and their services might be the difference between success and failure. Business consulting agencies save people time by taking on the frustrating tasks that consume their daylight hours, leaving more time for what they do best. Consulting agencies save people money by keeping their business small, which allows them to outsource selectively according to their needs without hiring a full-time employee.