Many individuals involved in consulting begin as analysts. Many times, they have undergraduate degrees, in the field of, business, economics, or accounting. Working as an analyst, is a great opportunity to learn a wealth of information, about management consulting. The analyst can be a catalyst in helping the company achieves their best performance.

These companies use a numerous range of skills to help improve various aspects of an organization's operation. They help clients develop future goals, skills, and create more efficiency. The companies, assist an organization is making changes to their business process and organizational structure. They also, guide clients in the direction of keeping up with changing market conditions. The client then has the resources and knowledge to go forward with new projects.

The typical analyst works in the field about 2 years before they are asked to pursue an MBA degree. After getting the MBA, the individual is normally, placed in a consulting position. There are also certain attributes, which all consultants should have, such as, leadership qualities, self motivation, organizational skills, self starter and discipline. You will need to remember, that compensation can be by the hours, but is most likely by the job. You may not have a consistent pay check, with regular health benefits.

Management consultants are the problem solvers for various organizations. The goal of the consultant is to identify problems and develop strategies to solve them. A company normally hires the consultant for a period of time, on a contractual basis. The consultant will generally have specific expertise in a certain industry.
Management consultants, have the challenge of keeping existing clients happy, while looking for new prospects. These consulting firms should look at key performance indicators (KPI) to determine the success level of the consulting work. There are various indicators, based on goals but there are some common performance measures.

One key measurement is client value. This is measured by the number of clients, their revenue contribution and the length of tenure. As a company has a larger client base, the revenue can be spread over more clients. This makes the share of revenue more equally distributed. A firm must continually cultivate new clients by keeping a stream of inquiries that can lead to new prospects. The greater the amount of prospects the higher the level of conversion into a client. Client satisfaction is a critical indicator which should be monitored on a regular basis.

This industry is projected to have a large growth, in the future. Business transactions are becoming more detailed and some companies are working overseas. This will make the companies look to experts for advice in business planning, budgeting, and strategies for marketing.

There are some consultants that did not take the traditional path. Many years ago, before the field became popular; many professionals began their careers and eventually became leaders in their profession. As a result of the expertise they gain, they were asked to take on the roll of a consultant. No matter which road you travel, you will definitely need a zest for problem solving and dealing with a variety of personalities. Each job will present new challenges and new people.

Oleksiy Nesterenko is a Director and Co-founder of Afenest Advisory. He is involved in origination and execution of transactions for companies and their stakeholders with a specific focus on Technology sector. Oleksiy Nesterenko has over 9 years of investment banking and advisory experience including advising startup firms and multinational corporations on merger and acquisition strategies and execution, and complex financing.

Call +1 (310) 710 4248

Also read here:  Corporate Finance Strategies for Small Businesses by Oleksiy Nesterenko

Success in business is never automatic. It isn't strictly based on luck-although a little never hurts. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees. Starting a small business is always risky, and the chance of success is slim. According to the U.S. Small Business Administration (SBA), roughly 50 percent of small businesses fail within the first years.

Following are several reasons cited by Oleksiy Nesterenko for small business failure:

• Lack of experience 
  
• Poor planning 
  
• Insufficient capital (money) 
  
• Poor location 
  
• Poor inventory management 
  
• Over-investment in fixed assets 
  
• Poor credit arrangements 
  
• Personal use of business funds 
  
• Unexpected growth
  

On the Upside

It is true that there are many reasons not to start your own business. However, for the right person, the advantages of business ownership far outweigh the risks.
You will be your own boss.
Hard work and long hours directly benefit you, rather than increasing profits for someone else.
Earning and growth potential are far greater.
A new venture is as exciting as it is risky.
Running a business provides endless challenge and opportunities for learning.

What are your thoughts? Do you possess the needed skills, aptitudes, and behaviors to start a business and make it successful?

Do You Have What It takes to Start Your Own Business?
Learn the characteristics and habits of creative, successful entrepreneurs. Many highly successful entrepreneurs have similar traits and characteristics. Learn what these are and what you can do to improve on your own.

What Do Successful Entrepreneurs Have in Common?

• Persistence 
  
• Desire for immediate feedback 
  
• Inquisitiveness 
  
• Strong drive to achieve 
  
• High energy level 
  
• Goal-oriented behavior 
  
• Independent 
  
• Demanding 
  
• Self-confident 
  
• Calculated risk taker 
  
• Creative 
  
• Innovative 
  
• Vision 
  
• Commitment 
  
• Problem-solving skills 
  
• Tolerance for ambiguity 
  
• Strong integrity 
  
• Highly reliable 
  
• Personal initiative 
  
• Ability to consolidate resources 
  
• Strong management 
  
• Organizational skills 
  
• Competitive 
  
• Change agent 
  
• Tolerance for failure 
  
• Desire to work hard
  

Many entrepreneurs also had a role model to influence them early on and parents who were entrepreneurs. Two traits necessary for successful entrepreneurs are creativity and innovation.

OLEKSIY NESTERENKO STARTUP FINANCE is a consulting firm which provides the needed financial and strategic insight that enables businesses to thrive. Allow Oleksiy Nesterenko Startup Consulting to hold your hand as you enter into this new world of success and achievement. Allow us to advise you and to assist you every step of the way.

Contact at (310) 710 4248 or mail at info@oleksiy-nesterenko.com.

The new generation is full of new and creative ideas and dreams to turn its idea into a platform that may enable them to earn lucrative benefits. One such platform is the money-spinning business opportunities online. Every aspirant who wishes to start up his/her own online business has lots of zeal and enthusiasm towards the work but as soon as the real time hardships of survival hit them they really get off balance.

Every business involves decisions making and when at the very beginning of the business the decisions are taken wrongly this may have a very adverse effect on the online business. Every startup needs intensive care and attention to flourish. Here are some essential elements discussed by Oleksiy Nesterenko that every online startup needs to grow and reap profits:

Skills and ability:

The first and foremost thing that a startup requires is efficient skill set and ability to carry out the business operations. If you do not have the spark you must get lost right in between the path of your business.

Funds:

Business is all about the cash flows. If you have the right amount of capital to start up your business then there are high chances that you might start earning profits in a very early stage. There more money you invest the more is your production (service or goods) and the more are you able to deliver to your customers. In the initial stage, you need to invest with an open hand as you are settling things down. Once you have taken off the runway you must have strategic investment planning.

Partners:

Many startups go away in a blur because of lack of proper Management & control. It is advised to the budding entrepreneurs to tie up with some already established partner to better understand the nitty-gritty of the business they are operating into. The existing players have better knowledge about the competition and the market conditions which are very important for a business to grow. However, it is important that you choose your partners wisely.

Consultation:

If you are not interested in going into any partnership you can collaborate with a consultant like Oleksiy Nesterenko. There are many professionals that provide consultation advice for business operations. They are certified and charge you for their services. They are associated in your decision making but do not have any say in your profits. However hiring a consultant at the very start of your business may cost you extra investment hence, choose the one that fits your budget.

Brand Name:

Every product or services sell by its name. For becoming popular instantly among your target customer you need to set up an identity. Your brand name must be very effective and attractive. It must have the power to woo the customer in the very first sight. A powerful Brand name has the ability to earn you customers' right from the beginning.

There are many websites that help you find internet business opportunities and help you out to meet all the 4 aforesaid elements. These websites offer you an extended hand in every field of your business startup.

Looking for someone who can help you in funding issues for your startup then contact Oleksiy Nesterenko Startup Finance ; a startup consulting firm which provides the needed financial and strategic insight to enable businesses to thrive
Oleksiy Nesterenko will help you size your round required to get to an accretive milestone and find appropriate sources of capital.
For more reading, please visit here: http://oleksiynesterenko.webs.com/

Faith they say can move mountains and "Ideas" can run the world, paving a new way every time. This is very true for our modern day enterprises in an evolving global marketplace, faced with numerous challenges. In order to turn these challenges into fruitful opportunities innovative thinking along with systematized idea management is essential. Hence, forward thinking enterprises in order to maintain their competitive edge needs to align with ideas and creative inputs that their employees have to offer.

Organizing the Ideation Process

Whilst every employee is capable of coming up with brilliant ideas, not every one can be expected to be good at everything. People have their specialized domains that call out to them, almost naturally. For example, while one employee may come up with brilliant online PR strategy, the other can have equally insightful HR idea. A systematic idea management system would churn out creative inputs from proactive employees and participating teams. Three ways for organizing this ideation process for improving enterprise performance are:

• To foster an open "submit anything anytime" environment
  
• To keep in tune with the service or product development process
  
• The need to have idea campaigns, competitions and event based on certain topics within a stipulated time
  

Benefiting from Idea Management Solutions

To reap in the benefits of innovative ideation, it is essential to seek expert guidance that comes in with new age idea management solutions. One might question the need for having these programs, as for many, "idea" is all about thinking out of the box, spontaneity and creativity. While all this is true it is essential to bear in mind that an idea translates into innovation only when it is in sync with the company objective and aims towards a desired end. Today leading companies specializing in innovation products have introduced advanced idea management solutions that can offer you valuable benefits such as:

• New competitive services and products
  
• Process enhancements
  
• Enhanced collaboration and decision making across various teams
  
• Competitive edge over other market players
  
• Helps you to identify hidden talent and fresh areas of growth
  
• Results in improved brand value and brand loyalty
  

Furthermore, a well managed idea management system seamlessly brings out collective intelligence encouraging people i.e. employees, vendors, partners, public and customers, to take part in the ideation process. It also encourages free flowing feedbacks, recommendations and suggestions helpful for company expansion and improvement.

Ideas today are much more than mere thoughts and insights. It is like the fable story of the cavemen who successfully removed a huge stone while crossing a mountain because he could figure out the way ahead even in a dark night. Effective ideation is all about seeing the way ahead for an organization's growth and development. Advanced idea management system enables employees to come up with this "way ahead".

Oleksiy Nesterenko is a finance and business development professional. He can help you with your business Analysis issues and give you the right advice to make the perfect decision. Oleksiy assists entrepreneurs and early stage companies to cope with various challenges in their businesses, and have a reputation for providing candid, business valuation and analysis, well-thought-out, and effective solutions to clients’ specific needs, regardless of complexity.

Contact at (310) 710 4248 or mail at info@oleksiy-nesterenko.com.

OR visit here: http://www.oleksiy-nesterenko.org/

The valuation field is littered with contradictory reports and calculations, as many experts will tell you it is an art as well as a science. The business valuation process is as much about uncovering the right information as well as doing the calculations. Oleksiy Nesterenko says that getting agreement on the value of a business is as much about getting agreement on the facts and the appropriate interpretation of the facts as it is about following a defined process.

 

So the valuation process can often take time, and follow a rigorous path of:

 

• Data collection.
  
• Data analysis.
  
• Financial projections.
  
• Industry and market assessment.
  
• Business strategy.
  
• Value calculations.
  

 

The reason for the complex process is that valuation is as much about discovery as it is about calculation. The business value must understand the numbers and the business drivers in terms of the client. This may be different whether the client is a vendor or a buyer.

 

Often the business valuer must interpret information that may be 1-3 years old or more and hence it is an iterative process with the client to understand how particular details impact the value of the business.

 

In many cases the business owner or buyer already has a value range in mind - what they need is their interpretation of business value cross-checked. This is where a fast business valuation helps.

 

So what is a fast business valuation?

 

A fast business valuation that has some detailed analysis will usually take 24-48 hours. Often a quick calculation can be completed in 1-2 hours, however the discovery process can take longer.

 

There are three key steps in a fast valuation:

 

• Gather past and Year to Date financial information.
  
• Ask some key questions about business profitability, growth, business processes, competitive advantage and industry issues.
  
• Systematized process of calculation and reporting.
  

 

Once the basic calculations are complete, the business valuer needs to consider the outcome from different viewpoints. This is when time is needed, and hence a good valuation must take at least 1-2 days for the best outcome.

 

What are the limits of a fast business valuation?

 

A fast business valuation does not help when it is being relied upon in legal or commercial disputes. In these cases the valuation must be based on solid evidence and reasoning. The interpretation of financial statements, business and industry issues and other factors must be taken into account when producing a defendable report.

 

Other limitations include:

 

• Lack of clear and credible financial reports available.
  
• A business that has had dramatic changes in profit performance (such as going from large losses to profits or vice versa).
  
• A business whose value significantly depends on intangible factors such as key owner relationships, intellectual property or goodwill.
  
• Unavailability of the business owners to discuss the business.
  

 

What can a fast business valuation be used for?

 

At its simplest level, a fast valuation will confirm in the buyer or vendor's mind that they are making the correct decision. This means negotiation can be swift and concise. It gives the client power to be able to definitively set the boundaries in negotiation, and can reduce the time taken to reach a decision.

 

But it will also uncover the opportunities for the business to increase its value. This is useful to the buyer in understanding what they bring to the table and will help make the vendor feel confident they are defending the value of the business with the right strengths and opportunities.

 

It can also help confirm the boundaries in settling disputes between business partners. Disputes are not always over a 5-10% difference. It is more likely they differ by several orders of magnitude. A fast business valuation can resolve this issue in less than 2 days. In fact, often putting shareholders through the valuation process helps resolve a dispute, as they come to a mutual understanding of the value and where each shareholder differs in arriving at a valuation figure.

 

What about investing in a business?

 

This is one of the powerful areas of a fast business valuation - it can help indicate if an investment in an existing business will increase its value or not. The valuation can not only tell you what the business is worth now, but also what areas the investment will improve, and hence what the new value of the business will be.

 

It is crazy to invest $1M in a business but the value only increases by $750,000! A fast valuation can help identify the aspects about a project that will result in a loss of value rather than an increased value.

 

A fast business valuation reduces the risk of bad business decisions, whether you are selling a business, buying a business or investing in a business. It gives you the confidence to act quickly and decisively.

 

If you need any help then consult Oleksiy Nesterenko . For years, Oleksiy Nesterenko has been assisting entrepreneurs and early stage companies to cope with various challenges in their businesses, and have a reputation for providing candid, business valuation and analysis, well-thought-out, and effective solutions to clients’ specific needs, regardless of complexity.

 

Contact at (310) 710 4248 or mail at info@oleksiy-nesterenko.com .

Ensuring that a business is set up for success require a strong foundation. A foundation that consists of Financial Management. This financial pillar focuses on how to manage your cash flow, budgeting and forecasting. Record keeping is all about the actual happening while the Management is about predicting when things will occur in order for you to have income and expenses to record. It's all about effectively managing when and how monies flow into and out of your business. You need not only control your cash flow but also have the fortitude to be fiscally responsible no matter the circumstance.

This is what makes this pillar the hardest one. You have to be able to have control over your cash to ensure that the business stays open and afloat. Some key control factors over your cash are:

• Not paying bills as they come in the door because it will deplete your cash and leave you in a bind when you need cash
  
• Staying on top of your customers and ensuring they pay you on time so you can figuratively and literally keep the lights on
  
• Having processes in place that ensure that your cash and other assets are not misappropriated by employees and other management members
  

Once these controls are in place, it's time to create a budget for your business. Your budget is where you will predict which months monies will come in the door based on your goals and the strategies you develop on how to reach them. From there you will begin to forecast. Forecasting is a combination of taking your budget and your actuals and projecting forward whether or not you will still reach those goals once you factor in the sales and purchases that have occurred as of a certain date in the year. The result of this forecast helps you see how your cash flow is trending and whether or not you need to make some changes in your strategic planning.

Understanding how your company is trending will give you the insight you need to run your business. It's not just about your profit and loss, as so many business owners think. You need to understand the effect of the decisions you make, and how they play into the numbers of your business. It's about making those tough decisions and being okay with the outcome.

Monitoring your metrics and having a sound financial management system is necessary if you really want to move the needle in your business.

Oleksiy Nesterenko owns an advisory firm in Los Angeles which helps in business planning issues and other financial issues. For years, Oleksiy Nesterenko has been assisting entrepreneurs and early stage companies to cope with various challenges in their businesses, and have a reputation for providing candid, well-thought-out, and effective solutions to clients’ specific needs, regardless of complexity.

Contact at (310) 710 4248 or mail at info@oleksiy-nesterenko.com.
Or visit here: http://www.oleksiy-nesterenko.com/

A business plan is a vital component of your start-up venture and without it you won't get very far, and you certainly won't be treated as a professional. But one great mistake entrepreneurs make when composing business plans is to draw them up with no real regard for funding. At best, the funding section of a business plan gets added to the end of the document as an appendix, with a note stating the obvious - you need to find funding and this is how much money you want. Business plans should contain an executive summary, a description of what your business is and how you run it, a section on market strategies and innovations, and a competitor analysis. But integral to all these sections is funding.

From the very start, when you write your business plan, edit it and refine it, you should be thinking about how your investors will see it. Investors scrutinize your business plan to see the kind of prospect your company makes but also to see how they fit. Traditional lenders like banks are not overly impressed by innovative marketing, hype and stunning claims about the originality of your product or service. Banks look for solid assurances of profit, a track record, and other forms of backing. Adding a long section describing the uniqueness of your product will probably not help your case with traditional lenders.

Other potential investors are also turned off by over-hype and bold claims that can't be substantiated. Excess words and description are unnecessary and cause funders to stop reading. Of course, your business plan must be interesting and exciting in order to catch funders' interest. A one-dimensional plan that gives nothing but figures will not help you win investment. But it's common to get carried away and add hype that makes you look unprofessional and unreliable.

Oleksiy Nesterenko says that your business plan should be a slick, polished product that states your case professionally and showcases your product in the best possible light. This is what potential investors want to read. Wild promises will not win you money.

You need to create this impression throughout the entire document, and not just in the section specifically about funding. Your business plan also needs to be complete and finalized. All the details need to be there before you take it to any investors. Even if you are short on time and desperately need funding, you should not rush your business plan. Check and double-check all your figures, make sure all the sections are complete and write with your investors in mind. Looking after the whole business plan is an investment that will pay off in the long run.

Oleksiy Nesterenko Startup Finance, an advisory firm in Los Angeles can help you with your business planning issues and give you the right advice to make the perfect decision. Large number of businesses does not succeed simply because they fail to plan. Oleksiy Nesterenko will help you identify market opportunities, reduce risk, and develop a roadmap for your business, based on financial and economic analysis.
Contact at (310) 710 4248 or mail at info@oleksiy-nesterenko.com.
Or visit here at: http://www.oleksiy-nesterenko.com/