Being an entrepreneur or small business owner is not only challenging but can also be a lonely existence.
Fledgling businesses and small companies often find themselves wondering whether to hire or outsource work. Hiring full-time staff can create complications if the staffing need is not long term. Consultants can assist with change initiatives, new systems implementations, specialty work, and other, short-term project needs.
While we all do a gut check every now and then, it is usually in conjunction with other information we are using to make a decision. A study by the McKinsey Global Institute reports that organizations which utilize data driven decision making are 19 times as likely to see profitable results, 23 times more likely to acquire new customers, and 6 times as likely to retain their customers.