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Best Business Consultants in Wilmington

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Delaware Prosperity Partnership logo
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Delaware Prosperity Partnership

1007 North Orange Street, Wilmington, DE 19801
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Business Description

Delaware Prosperity Partnership has a team of business consultants that serves the Wilmington metro. The agency was created in 2017 and obtained its first permanent CEO, Kurt Foreman, in March 2018. It is a nonprofit agency dedicated to developing any type of business in Delaware, which includes industrial and commercial businesses, big or small. It promotes the benefits of establishing and expanding business and supports clients in identifying potential sites and talents in the area.

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Magis logo
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Magis

1201 North Orange Street, Wilmington, DE 19801
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Business Description

Magis Consulting Firm assists companies of Wilmington seeking to improve their business reach. It employs strategies centered on the C2EO model and specializes in the six facets of business strategy, operations, finance, accounting, tax, and human resources. Its HR services are categorized into two types: advisory services, which aim to assess and apply solutions on issues regarding the business clients' organization and structure; and concierge services, delivering finance-related resources to businesses seeking such specialized skills. The firm was established in 2018.

Praevis Consulting Group, LLC logo
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Praevis Consulting Group, LLC

1000 North West Street, Wilmington, DE 19801
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Business Description

Praevis Consulting Group, LLC is a business consulting firm that serves clients in Wilmington and nearby areas. The company offers a wide range of services such as business development, strategic planning, risk management, and policy analysis. These services guide clients in making sound decisions for their investments and future revenue. This privately owned company doesn't just serve businesses and brands around the U.S. but it has also expanded its services to African and Asian countries.

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Frequently Asked Questions

What is a business consultant?

A business consultant is a specialist in a specific area or sector who is employed to assist with the performance, progress, or implementation of a new function or service of a business. Most consultants are independent of the companies they're contracted to work with and are generally hired for a specific project.

What types of business consultants are there?

Business consultants are experts in numerous fields, including:

  • IT: May help with new software deployment, infrastructure, company system overhauls, etc.

  • HR: Can help provide assistance with a new company policy implementation, payroll systems, staffing concerns, etc.

  • Marketing: May implement social media marketing, develop an online ad campaign, build/update/refresh public appearance, develop new company collateral, assist with brand identity, etc.

  • Management: Can assist with company IPO, develop new product or service initiatives, provide leadership training, etc.

  • Accounting: May perform mock tax audits, manage company financials, perform forensic account services, etc.

  • Operations: Can help with new production systems, such as Six Sigma, Lean, Agile; may help with core operation functions, such as manufacturing, production, etc.

What does a business consultant do?

Business consultants identify areas of improvement or are hired to implement or facilitate specific company initiatives. For example, a business may hire a consultant to help find weaknesses in its sales processes or develop a strategy for improving customer engagement with its products or services. The consultant may develop and implement a new sales process or execute a customer satisfaction feedback system, such as Net Promoter Score.

Why hire a business consultant?

A company might hire a business consultant when it needs a particular set of expertise or experience that's not readily available within the company but may not warrant bringing on a permanent staff position. For example, the company wants to enter into an international market but lacks experience in launching in foreign markets.

Do I need a business consultant?

A company may wish to hire a business consultant if:

  • It wants to overhaul their payroll system with an off-site, cloud-based solution but lacks the proper expertise in its current IT department to handle it.

  • The company's sales are faltering and the need for positive change could determine the company's fate, yet current measures aren't producing results.

  • Operating procedures are leading to production line hang-ups, and it's interested in specialized workflows. 

How much does it cost to hire a business consultant?

Consultants charge different rates. Some charge an hourly or daily rate, while other consultants charge by the total project. They may charge on a value-based structure in which their compensation is directly tied to your company's performance after their change(s) or consultation has been delivered. For hourly rates, the rates can vary from $150 to $1,000 per hour and beyond.

What is a typical background for a business consultant?

While backgrounds can vary greatly, most business consultants have obtained an MBA and some relevant business experience, such as project management or business development. Most consultants also possess soft skills, such as working well on a team, the ability to publicly present information, such as at a meeting or conference, and problem-solving skills.

Questions to ask when hiring a business consultant:

  • How much do you charge?
    Having the right expectations with regards to the company's budget will ultimately determine if a certain consultant is the right fit. 

  • Do you have a structured approach to your strategy, or do you make it up as you go?
    There's no one-size-fits-all solution to businesses, but determining the type of approach a consultant takes toward a business could gauge what's in store.

  • How many years of experience do you have in X industry?
    Even if not directly related, their skillset should be able to translate. For example, a marketing consultant for an outdoor company may do well in other retail environments.

  • What sort of analysis or assessment do you typically perform?
    Some assessments may require little to no interference with daily operations, but others may require multiple team members to be available.

  • Do you have references or client testimonials?
    They say, "The proof is in the pudding." Past performance is often a good indicator of how a consultant performs on a job. Check references, reviews, and previous clients to find out how the consultant helped improve their business. 

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