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Business

Why you need a business consultant for your company

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Why you need a business consultant for your company

Starting a business is quite complicated. There are several other entrepreneurs who are established in your specified field; hence putting up competition becomes hard. However, with the guide of an expert, you are likely to have the odds working in your favor. A consultant as Luke Lazarus, your startup problems will be solved and guarantee that your business picks up significantly.

With his vast experience in starting companies, Luke shares essential information with entrepreneurs who are stuck in their business to help them overcome their challenges. Having been a successful businessman himself, he understands how to manipulate the industry and use it for your advantage. When you consult him, the first thing he does is help an entrepreneur develop a business plan. The process is quite essential, and it creates a story for stakeholders and customers, which is crucial in business development.

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What is the importance of a consultant in the business world?

Most startup businesses struggle to stabilize their grounds within the first year of establishment. The marketplace unleashes high forces that often imbalances the company and eventually throwing them off the books. According to statistics, almost 90 percent of startups are likely to close doors within the first five years of their operations. This often comes as a result of a tough economy and a lack of essential information on how to go about your business operations.

However, with the assistance of a business consultant, your business has higher chances to survive past the five years and beyond. With good startup information, a company is likely to grow into a big giant within the first few years.

How Luke Lazarus began

Luke Lazarus is an entrepreneur who resides in Melbourne, Australia. At the age of eight, Luke had begun his first business, which was a big success for a kid of his age. While in high school, Luke was a committed sportsperson who participated in several games. However, he did not let go of his passion for succeeding in business, so he had a good balance between the two.

After high school, it was tough for him to join the university as all the universities in Australia and across the world were interested in admitting him. Some even gave him outrageous promises to see him choose to associate with them. However, due to the love of his country and family, Luke choose to join Melbourne Business School and earned his MBA.

Right after university, within ten years, Luke has started four successful companies. Like any other young person with the need to make an impact in society, in mid-thirties, Luke sold all his companies for a significant profit. With his independent financial record, he decided not to start other companies and sell but rather train upcoming entrepreneurs on how to start successful and promising companies.

Conclusion

Starting a business is a process, and as an entrepreneur, it is essential to ensure you take necessary precautions. Additionally, be willing to try something different from what your competitors are doing for you to succeed. Remember, failing to plan is planning to fail. Therefore, when you have a big business ideal, for it to be effective, it is essential to plan and follow your plan.

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