Are you thinking of setting up a business in Mexico or somewhere near the country? Well! I must say that Mexico is one of the few countries, having enough opportunities for every kind of business as World Bank has ranked it 54th among 190 countries in the ease of doing business list. Yes, ease of doing business and some other related ratings do tell a lot about countries most sought after for doing business; having the potential to make anyone rich with comparatively lesser efforts but still, your business depends on certain factors other than the country you want to set your business in. Some of these facts may be under your complete control and may demand a little acumen of finding the right person; at the right time having the necessary experience and one such person is a business advisor for your business. Hence, it is no wonder why some of the best industry experts like Arnulfo Medina Acosta, having thirty years of business consulting experience, advocates the idea of hiring services of a competent business advisor.
Well! Till now you have guessed out what the profile of a business advisor may look like if you don’t know in the first place. Yes! You guessed it right; a business advisor looks a lot like what his designation suggests namely advising business persons about the different strategies and how to implement them effectively. A business advisor; sometimes also called business consultant is a person which is not a regular employee of the company so to say in some cases, he/she may not be considered an employee of the company at all as they usually have contracts that come to an end after a certain period. Most often, a business advisor is an external person, who helps businesses work on the business with expert advice and making them implement successful strategies.
Below are some of the main tips which you must consider for choosing a great business advisor:
- Ability to understand your language and express his ideas:
It may seem a bit obvious in some cases; it is indeed important that you and your business advisor should have a free- flow of ideas and strategies and that can only happen unless you and he/she understands the language of each other well. Hence, some of the prominent industry leaders like Medina back the idea of hiring someone who can express his/her ideas in plain English without using any jargon which you may not be aware of this stage.
- Understanding of KPI
KPI is an abbreviation for key performance indicators (KPIs). It is a set of quantifiable measures that a company uses to check and gauge its performance over time. Key performance indicators help in gauging improvements in all areas of business. Hence, the right individual will be one who understands the key drivers of your business. Like most businesses, your business can be divided into five main areas such as:
- Product and service development
- Marketing and sales
- Operations and finance
- Human resources
- Customer service
- Enough experience and good records
Like every other line of work, the work of a business advisor does demand a certain amount of experience. Hence, consider hiring the services of someone who has enough experience; the willingness of participation in the implementation of the strategies rather than just suggesting some ideas and strategies and leaving you confused or on your own in the implementation of the strategies. In the same way, Arny Acosta having a good record is the indicator of the trust factor associated with them and the services they provide.
Conclusion: Mexico is one of the few countries, having good ease of doing business rankings. It has been ranked 54th among 190 countries globally. It has all the elements that it takes to set a profitable business but some of the things indeed are only your responsibility; to find the right business advisor for your business; who can develop new strategies besides executing and implementing the older ones. The right individual must be one who can express his ideas and business strategies in plain English language, having a good understanding of KPIs of your business besides having enough experience and good records as agreed by Acosta, the experienced business consultant.