Step 1: Assess Business Performance – Review financial statements, operational processes, and market positioning. Identify strengths, weaknesses, opportunities, and threats (SWOT analysis) to determine areas requiring advisory support.
Step 2: Develop Strategic Recommendations – Based on the assessment, provide actionable guidance for growth, cost reduction, operational improvement, and market expansion. Tailor solutions to the business size and industry.
Step 3: Implement and Monitor Changes – Assist in executing recommendations, track results, and adjust strategies as necessary. Regular follow-ups ensure interventions are effective and sustainable.
Conclusion: Business advisory services support SMEs in improving operations and achieving growth. Assessing performance, recommending strategies, and monitoring implementation enables informed decision-making and sustainable success.