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Archive for: 2019

Year: 2019

Most of the time, when I tell people that I am a management consultant by profession; the common question that people ask is, why the companies hire consultants.


The question might sound weird in the first place, however, it’s quite natural for a layman to think why can’t companies address and solve their problems of cost-cutting or new market entry. Well, there are many reasons.

toronto it consulting


If ever you wanted to be a consultant to hire one, read on a little more about how the consultants can help companies in facing their problems.


Consultants serve as an outside eye to the company


In your personal life you must have experienced that while confronting an issue, you seek the opinions of your family and friends. Likewise, even companies need experts to guide them while taking daunting decisions. If a company thinks about an idea to deal with their issue, they get that idea verified by the consultants, so that they are error-free. Consultants assure them whether their decision is correct or not.


Through many years of experience by working with different companies, consultants have acquired immense knowledge. That is why they can offer innovative and new ideas to the companies which they couldn’t even think of.

toronto it consulting


Companies require extra units of power


At times companies face acute problems that need to resolve quickly, however, they are unable to manage them due to low manpower count. When companies themselves cannot focus, they hire consultants to look after the problem area and resolve it. Even when they start a new project, they require more manpower to meets ends; however, always hiring new employees isn’t feasible as it increases the cost. 


High skilled temporary employee cost is cheaper to bear. Hence they could get their work done at an affordable price. The consultants switch around many companies, hence they are used to quick learning and their onboarding formalities are easier. The companies also do not have to pull their existing employees from their actual job roles.


The requirement of special skills by the companies


Another more obvious reason why companies hire a consultant is to gather some professionals with specialized skill set who probably doesn’t exist in the house. A good consulting firm has all types of skilled people ranging from Six Sigma certified to top-level finance personnel. These highly specialized professionals are expensive to hire and the company might not have enough work to give them round the year. The companies use the skills of the consultants as and when required.

toronto it consulting

To create a safe zone for the companies


When the companies have to work on a challenging or controversial project, decision making becomes difficult for them. They have to take action keeping the politics and emotions in mind. Therefore, consultants are brought in to do the dirty work with an unbiased eye.


You would surely remember in the movie “Up in the Air”, George Clooney was appointed to visit all the places in the country to conduct employee termination drive on behalf of his clients. Likewise, the Toronto IT consulting involve consultants to execute the controversial projects.


Consultants support companies in various ways. They dive into many tough situations and come up with glorious results.

Are you a would-be entrepreneur in Ontario looking for the best business Toronto incubator? Well, if this is your first time opting for an incubator, you must already be aware of the challenges.

These incubators will only fund start-ups that deem promising and worthy. So, for your startup to win over these incubators, it needs to appear grand. You must have a plan up your sleeves to convince not just the organization but your friends and family that your startup will incur fruitful ROI.

However, the step to getting a prosperous business incubator is majorly dependent on picking the ideal one for your business. Hence, this blog will talk about the tips to find the correct incubator for your company and enlighten criteria’s for you to get selected.

toronto business incubators

Let’s Get Started: (Tips to Select)

  1. Through Research

Business incubators don’t just deal with money; numerous, incubators provide a plethora of resources for startups that are just as beneficial. So, first, check to ensure whether your business needs money or resources. If it’s the latter, make a judicious choice and pick an incubator that can assist you best, without draining your money.

Also, some incubators might request you to relocate or move to another place for better utilization of resources. Nevertheless, don’t randomly listen to your incubators and shift, only do so when you feel your startup can benefit from it.

Additionally, for selection of your Toronto incubator, go through several websites and jot down the various perks offered by each incubator. Once you find a person who matches your demands, find ways to coerce this incubator to fund your startup.

  1. Strengthen your Team

Often for businesses to succeed in getting an incubator the startups’ foundation has to be strong rather than its ideas. For example, say you presented your Toronto incubator with an exceptional proposal; he/she may then stir your brand to a designed business and in turn, change your coveted economic model.

So, in case such a change is allocated, you must have a skilled team to deal and adjust to the changes. Additionally, as an entrepreneur with a strong team, you can hold your ground by either accepting or rejecting changes.

  1. Frame a Unique Pitch

You need to convince your Toronto incubator that you’re the end-game. Your incubator needs to feel a vibe from your startup that says it’s a ‘doer.’ Only when your incubator feels that your company has what it takes to execute plans and deliver good ROI, will they invest.

So, while framing your pitch, make sure you are confident and creative to win over these investors.

toronto incubator

Moving on, Now to Convince These Incubators:

  1. When you appear confident enough that you can help your startup, you can win over investors. So, discuss ways and plans to bolster business, and build ROI. Talk of where you see your company in the future, and what it plans to achieve.
  2. ‘Survival of the fittest,’ that’s what business today aim to do. Now, a brand goes to an incubator majorly for funds and resources. However, having a prior government granted subsidiary or acknowledgment strengthens the claims of participants.

So, to get your Toronto incubator to acknowledge you, use these above tips and ensure that your startup gets required resources and money. For more business startup news, read here!