Industry Setup Consultant- The Guiding Angel For Your Dream Business
13 Jul 2022
A study by the US Bureau of Labor Research shows that 20% of startups close down within the first year. The figure for the second year is worse at 33%.
These figures alone emphasize the significance of engaging a business intelligence expert who can handhold you through the entire startup process and beyond.
Who is a Business Setup Consultant?
Industry setup consultants
are individuals or organisations that specialize in building a go-to-market strategy for you, implementing the same, and monitoring the outcome over a period of time. They will further advise you on remedial measures and other action points as the project progresses towards final completion and commencement of commercial operations.
What are the essential roles of an industry setup consultancy?
Provide an outsider’s perceptive to your business idea.
Perform an in-depth SWOT analysis that reflects on your internal business management strengths and weaknesses viz-a-viz the market opportunities and possible threats.
Drawing up a detailed budget with a phase-wise and element-wise spending plan.
Making a judicious financing plan based on the finalized budget. This will include the break-up between self-investment and borrowed capital along with the right source of borrowing.
Advising on critical manufacturing/ procurement decisions. The consultant will suggest whether to have your own manufacturing unit or to outsource the production and so on.
Finalizing plans with respect to marketing, HR, operations, etc.
Conducting initial training of your sales force, HR team, marketing team, IT department, etc.
Key characteristics of a
Business Setup Consultant
Extensive market knowledge in the business domain.
A panel of experts for each critical business aspect like finance, marketing, HR, IT, etc.
Land pool for business infrastructure setup like office space, factory, warehouse, etc.
Thorough understanding of licenses, approvals, and permissions required to start the business.
Strong relationships with financing bodies like banks, venture capitalists, etc for business loans.
has the wherewithal to guide you throughout the journey from feasibility study to financing to legal compliances and more. With a pool of experienced consultants catering to specific areas of industry setup, Industry Experts attempts to cover all relevant and important aspects and ensure timely and within budget closure of the project.
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