What is a business consultant?
Business consultant is a professional that offers expert advice to businesses with the aim of providing solutions to their business problems. Business consultant is an expert that have qualified and specialized in a particular domain of business. Due to their experience of having worked in a particular business domain/ function over a period of time, business consultants gain expertise in that domain/ function.
Business consultants generally offer their professional business consultancy services to range of clients such as MSMEs (Micro, small, medium enterprises), MNCs (Multi National Companies), Transnational companies, and much more. The primary job of professional business consultants is to provide pragmatic, feasible and implementable solutions to businesses as per business requirement. The scope of business consultants can be as small as streamlining a particular business process to as big as review and transform the entire current business and the business plans for the future.
Now that we know about business consultant, let us have a look at the scenario of business consultant in India.
India is the fifth largest economy in the world and third largest economy in terms purchasing power parity. Also, it is still a growing economy and India is a developing nation. The current government has set the target for itself to reach US$5 trillion economy by 2024. Several government policies are moving positively in that direction. India has improved the ease of doing business rankings by leaps and bounds in past 5 to 6 years. Also, it is moving in the positive direction continuously.
The ease of doing business and investor friendly policy changes, especially in the previous 5 to 6 years is attracting a lot of investment from domestic as well as international investors in India. All this shall give fillip to the existing businesses in India and encourage more people to enter entrepreneurship and start their businesses.
As the new businesses launch, existing businesses expand, range of product and service offerings diversify, geographical penetration increase and India become a hub for manufacturing and exports, the businesses are more likely to hire professional business consultants in India. The businesses are likely to hire the professional business consultants for various requirements such as to grab a new market opportunity, to stay competitive, to ensure cost optimization, to ensure higher quality of their products and services, to enhance consumer satisfaction and much more.
The entrepreneurs, investors and business leaders may not have all the required experience in all the domains and functions of the business. Also, it may not be economically feasible to hire permanent employees for each and every requirement, especially in the price sensitive market such as India. In such a scenario, it makes more sense for businesses in India to hire business consultants with relevant qualification and experience as per the business requirement.
How UdyamGyan can help?
UdyamGyan is on its way to become a one-stop shop for various business consultancy requirements in India. Business consultants are listed across various activities and sectors in various cities of India. To connect with a business consultant in India, you can register yourself as a user and reach out to the consultant that is qualified and experienced as per your business requirement.
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