Updated: Mar 2, 2021
Operations planning, financial projections, employee management and training, and sales and marketing strategies are some of the issues that small business owners must deal with on their path to growth and success. Running a small business is a lot of work that includes many moving parts and an ever-changing competitive landscape. Given these challenges, more and more small business owners are working with advisory services professionals to help them chart the best possible course for success.
What are Small Business Advisory Services?
Business advisory service organizations are teams of strategists who works with small business owners to provide guidance and assistance with operations, finances, marketing, and overall business planning. A good business advisor becomes an extension of your company and can offer their advice and expertise where necessary. They will even take the time to research the areas where your business can gain the greatest level of benefit.
Some of the benefits of small business advisory services can include:
An Unbiased Perspective
An advisor will bring a clear view of your company’s challenges and opportunities and will offer a unique perspective and fresh ideas for moving your company forward.
When working with a small business advisor, you get someone who is well-versed experienced and in helping companies to effectively compete and grow. It is likely that, regardless of your current situation, your advisor has seen it with other clients and helped guide them toward success.
Focus on Your Core Competency
An effective small business advisory services engagement will help your company to operate more efficiently, thus freeing up more of your time to focus on your core competency.
Combining eLearning with Small Business Advisory Services
Depending on the recommendations from your advisory engagement, there may be a need for complementary training so that your employees understand any operational, compliance, or other changes in policies and procedures. In these cases, adding an eLearning component to the engagement can help to ensure the proper execution of the advisor’s recommendations.
When compared to traditional, classroom-based training, eLearning has proven to be preferable for many organizations as it offers:
eLearning eliminate the need for many of the expenses that go with classroom-based training, such as travel, venue fees, catering, and the printing and distribution of training materials.
eLearning is convenient for both students and instructors as it allows them to conduct their training activities any time or from any place that is convenient for them. All that is required is Internet access.
While classroom-based training requires the students to keep pace with the instructor, eLearning allows students to work at their own pace. They can even revisit important or challenging material multiple times before moving on to the next section.
eLearning offers for the collection and review of all the data associated with your training program. This data can help guide your decisions as you seek to revise and expand your program over time.
LMS Portals for Small Business Advisory Services
LMS Portal offers a powerful, multi-tenant eLearning platform that allows our advisory services partners to monetize eLearning as part of their small business advisory engagements. Using our portal, each of your clients can have their own customized eLearning portal, all of which can be managed from a centralized administrative console.
Contact us today to get started for free!