Consultant's priorities for 2023 in an uncertain market

As the New Year has just begun, management consultants are likely looking for ways to navigate the uncertainty that has become a constant in the business world and has been exasperated by the global events of 2022. Here are some ideas about strategies for Management Consultants to successfully navigate the year ahead:??

Focus on building resilience: As management consultants, you are likely accustomed to dealing with change and uncertainty, but that doesn`t mean it's easy. Building resilience can help you and your team handle the challenges that come your way. This can include everything from taking breaks to manage stress, to finding ways to stay positive and motivated.?Also, resilience is about cash flow for you and your business, so be conservative in big investments that might take some of your financial flexibility away: favor initiatives that do not take large amounts of money upfront.

Also, resilience is about cash flow for you and your business,

Embrace flexibility: The ability to adapt to changing circumstances is crucial in times of uncertainty. Consider making your workflow and business model more flexible so that you can change quickly if needed. This could mean starting with new ways of working, leveraging partners that support your practice or finding new ways to serve customers, empowered by new technologies or methodologies.

Prioritize relationships: In times of uncertainty, strong relationships with clients, partners, and team members can be a major source of support and stability. Strive to strengthen bonds and build trust through open communication and consistent practice.?Are you affiliated to any community or support group for consultants? If not, this might the time to do it, as it will open new possibilities for networking and perhaps new business.

Invest in your team: Your team is the backbone of your business, and investing in your team will pay off in the long run. Consider providing training and professional development opportunities so they can keep up with industry trends and learn new skills.?ISO20700, the Standard developed jointly by ICMCI (International Council of Management Consulting Institutes) and the ISO organization is a training that can help your team differentiate in front of clients and apply the best practices of the industry. The CMC-Global Institute provides this course asynchronously worldwide.

Stay up to date: The business environment is constantly changing, so it's important to keep abreast of developments that may affect your business. This can include anything from economic trends to industry changes. Regularly searching for new information and staying in touch with your network will keep you ahead.?One term you will be hearing quite a lot is "Low-Code / No-Code" referring to the capability of consultants to provide the last mile of implementation to their clients without having an IT or programming background.

One term you will be hearing quite a lot is "Low-Code / No-Code" referring to the capability of consultants to provide the last mile of implementation to their clients without having an IT or programming background.

Overall, the key to success in uncertain times?is to remain flexible, prioritize relationships, and invest in your team. Following one or more of these ideas will set you?up for success in this 2023 and beyond.

At e-Consulting Global Solutions Oü we work with small and medium consultancies, in a partnership to level the playing field for them in their markets, providing the latest technological and metholodogical tools under a business model that helps you tackle some of the ideas above. If you would like to know more about this model, write us a note at [email protected] or [email protected]