What is Startup Consulting, and Why Does Your Company Need It?

What is Startup Consulting, and Why Does Your Company Need It?

Startup consulting comes in handy if you’re a newly-launched startup that just entered the IT market. Having an experienced specialist by your side is a long-term investment in your business that will bring notable results in the future. Professional feedback is valuable because you won’t have to learn by trial and error because you can follow the “path to success” right away. 

Yet, you need to understand what these specialists do before hiring them and be sure whether the services they provide will help your company achieve the desired results. Qubit Labs is here to clarify all the details, so let’s get down to business. 

 

What is Startup Consulting?

Business startup consultants are the people you hire on a temporary basis to help you with business development at any stage. 

Usually, these specialists accompany the businesses until they’re ready to be independent. Business consulting professionals take a look at your company from a fresh perspective to define any issues that might be hindering your organization from achieving the desired results. They’ll determine your business’s opportunities, vulnerabilities, and liabilities that you might not have noticed. 

Besides, when business is still growing, you might face many questions, such as “am I doing everything correctly?” “should I have taken another path?” “are my competitors more successful than I am?” . These questions might negatively affect the way you approach your business and impede it from entering the global market. But a startup consulting organization will prevent you from diving deep into the sea of doubts.

 

What Else Can a Tech Startup Consulting Specialist Do for You?

Usually, business startup consultants cover the following areas:

  • money investment and finding additional seed money 
  • making marketing strategies work for your business
  • attracting top-notch employees to your company
  • designing a business model, creating a marketing plan, and implementing marketing techniques that will bring the desired results

Hiring a business start up consultancy organization is a cost-effective solution. The company will share invaluable knowledge that it has been obtaining for several years, but you’ll get all the information within a short period. In this way, you’ll reduce time to the market and gain a competitive advantage, outrunning companies that work in a similar field.    

 

What Can a Tech Startup Consultant Do for You?

So, once we have addressed “what is startup consulting,” let’s see how exactly your startup can benefit from having such a specialist at its disposal.   

 

1. Provide a fresh perspective on your startup and offer some valuable insights

The hard truth is better than candy-coated lies when it comes to business. Hearing criticism about the product you’ve created might be challenging, but it’s done for your own good. Having a fresh perspective on your company might help you understand its strong and weak sides and get the right vision faster. 

An experienced tech startup consulting specialist will help you avoid typical mistakes that usually cause severe financial implications.  

    

2. Calculate a realistic budget for your project to prevent unexpected expenditures

Sometimes, when a startup needs to build an MVP, it spends too much money on it to prove whether the idea works. But it often happens that the money it spends on this test is all the money the company has. Also, it often implies having additional expenses, such as paid services and administrative expenditures. 

Yet, a tech startup consultant will help you avoid this issue. The specialist is aware of the actual costs, and you won’t have to deal with all the “offers” by the companies specializing in creating MVPs. 

 

3. Sift your ideas to help you achieve the desired result

The striving to make your product perfect might make your attention span too scattered because even if everything looks fine, you’ll still be noticing things you want to update. Having business startup consultants by your side will save your time by preventing you from adding more and more functions to your product. 

Unfortunately, there’s no such thing as an overnight success because the brands you know spent years on their marketing strategies to become recognized. But when it comes to startups, they can’t afford to spend that much time on advertising. They need to launch their product fast.

That’s why they need an MVP, and a startup consulting company will help you make sure it includes the features your customers would actually need. A focused version of your product is the one that will make you confident in its future success. 

Our business startup consultants will sift your ideas to eliminate unnecessary parts and leave only those functions that will positively impact your project’s development. 

 

4. Handle management work for you

Finding the right people for your team is tricky. But Qubit Labs is experienced enough in finding suitable specialists for any kind of team. We have access to a large talent pool, and we’ll offer you the opportunity to tap into the professional network that will help your business skyrocket.

Our agency will evaluate your needs and requirements to match you with top-notch specialists. You won’t have to go through numerous CVs of people who don’t have the necessary qualities. We do all the research for you, so everything you’ll need to do is to make the final hiring decision. It’s easy and fast — just what you need in the competitive business market. 

 

5. Expand your network

If you’re a first-time founder, you might be lacking contact with people who might help you. But our business start up consultancy has your back. We stay in contact with numerous business owners, agencies, and specialists engaged in the tech world. We’ll introduce you to some people, and these people will introduce you to others. That’s how networking works.

Such an approach will help you receive valuable feedback from people who have already encountered similar products. In this way, you’ll be sure about what updates you need to introduce and on what parts of the project to focus on. 

After that, you’ll be able to contact bloggers, journalists, and other influencers that might help you find the right audience to introduce your project to. 

 

Hire a Startup Consultant at Qubit Labs

Qubit Labs has been working with startups for several years, so we know all the nitty-gritty of establishing a new business. Besides, we’ve been in these shoes before because we used to be a young startup as well. And we’re glad to share our ideas with other companies to help them grow. 

We offer a free consultation call to discuss any ideas you have and to understand what we can do for you. So, don’t hesitate to schedule a call to help your business skyrocket in the nearest time.   

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Oksana Zabolotna
HBD at Qubit Labs
Oksana is a team leader of sales and marketing team at Qubit Labs.