Skin Care Business Consulting – 10 Qualities of a Great Consultant
April 23, 2010 by admin · Leave a Comment
What Sets Successful Skin Care Consultants Apart? Are you part of a Management Team that is considering engaging a Skin Care Business Consultant? This Article Covers 10 Qualities of a Successful Consultant.
1. Know the Client. It is not enough to know about the client’s business or industry, or to offer up boilerplate solutions. Consultants must understand the history, mission and goals as relates to their tasking and, any relevant information about competitors and stakeholders. In essence, they are being paid to be an extension of the organization’s team by helping to carry out key objectives through successful execution. In order to do that, it is critical that consultants understand the client’s business.
2. They Listen. Consultants need to be expert listeners in order to accurately assess, advise and apply their expertise and acquired discovery for the benefit of the client. It’s important to note that there is a substantial difference between hearing and listening. Listening gives us the ability to formulate the right questions and deduce accurate information from which to base our solutions.
3. Proper Connections. The sooner a consultant connects with the right people in the organization, the better. Too often, consultants misread the inner workings of an organization or miss important elements that may be key to their decision-making by catering exclusively to the top level. Successful consultants will pro-actively engage and connect with all of the key people who in any way, relate to their objectives.
4. Customization. When it comes to processes, people, communications, strategies and solutions–one size does not fit all. Great consultants put their experience and intuition into practice while analyzing, discovering and rendering solutions, and looking to best practices as a companion guide, but not as an exacting science.
5. Discernment. Critically, they must see the whole picture–that includes processes and people. Once they have identified all relevant components and dynamics, they will be able to start outlining how things fit together and begin to work toward formulating successful solutions. They also have a knack for not only seeing what is there, but what’s not there–discernment can be pivotal.
6. They Deliver. Perfectly crafted proposals, shining referrals and resumes do not guarantee success. When a business pays for expert analysis, skill and advice from outside of their internal pool of expertise, consultants need to deliver-and deliver to the client’s satisfaction.
7. Best Alignment. Not all consultants are cross–functional. Oftentimes, at the point a consultant is hired, the organization is desperate for help in building, making an important correction or securing a very specific skill set. They cannot afford to lose time or money. A consultant can hold multiple degrees or have decades of experience under their belt and still not be a good fit. Both the organization and the consultant need to be sure that they are the best alignment for one another.
8. Communication Excellence. Apart from possessing excellent verbal skills, the consultant should also have excellent listening skills and the ability to articulate. They need to be able to articulate pain points, goals and solutions. They should also keep all stakeholders informed, be prompt and clear with reports, and issue relevant feedback throughout the process.
9. On Their Game. Detail-oriented preparation, process and delivery are all important. They are also prompt, professional, organized, responsive and reliable. Staying on top of the latest trends and intelligence and being able to apply anything of relevance will also set them apart.
10. Create Value. Successful consultants create value by demonstrating business acumen and have the ability to lead and manage both processes and people. They are pro-active in understanding what the client needs, act as trusted advisors who bring the best solutions to the table in an effective and profitable manner, and they produce on their deliverables.
Hire A Skin Care Business Consultant Who Has Industry Knowledge
April 23, 2010 by admin · Leave a Comment
There are many benefits to hiring a skin care business consultant. If you are considering hiring one, you already recognize that fact that your organization suffers from at least some deficiencies.
By bringing in an skin care business expert, your business will get an immediate infusion of knowledge and insight. But what defines an expert? How do you know which skin care business consultant is right for your organization?
There are many expert business coaches available to step in and help you problem-solve. What differentiates between a good fit and a lesser one is simply experience. Not necessarily how much experience, but what kind. For example, if you run a natural skin care company, you should seek to employ the services of a business consultant with a track record of consulting successfully previous natural skin care businesses. Having similar industry knowledge will allow the consultant to truly understand existing problems, and even to foresee forthcoming ones.
Furthermore, an individual whom has spent a period of time working in your vertical skin care industry market will have a broader and deeper pool of knowledge to draw from than one who hasn’t. More resources mean more possible solutions. The business consultant will have built up a network of skin care industry-relevant contacts over his or her career. Not only will they be able to leverage these contacts, they may also openly share them with you.
Clearly, it is important to hire a competent business coach. At least as important is finding one with masterful competency regarding skin care industry knowledge that applies to you and your organization. Never underestimate or discount the importance of a strong knowledge base that is relevant to your industry.
Does A Skin Care Business Consultant Make a Difference in Your Company’s Success?
April 23, 2010 by admin · Leave a Comment
A skin care business consultant has many roles and can help an existing skin care company re-new itself and find itself again; help founders start and develop a new skin care venture or project.
Help a skin care company identify new opportunities and markets; or help a skin care company develop a business success plan.
A good skin care business consultant has experience working in and with a broad range of skin care businesses. An experienced skin care business consultant has broad and narrow stroke experience and typically, twenty years or more of accumulated business experience. Having an MBA from a good business school isn’t enough. The consultant must have solid real world experience with many types of skin care companies to be an effective consultant.
So what does a skin care business consultant do? First and foremost, a consultant gets to know and understand your business. As the business owner, you know more about your business than anyone else. For this reason, a good skin care business consultant will take the time to learn from you, your department heads and key employees the ins and outs of your business.
The consultant then goes to work identifying problems and opportunities. Those may be certain problems and opportunities you point out to the consultant, but also a good consultant will have a process to identify problems and opportunities which a skin care business owner has not identified. A consultant brings fresh eyes, fresh experience and an open mind to your business enterprise, providing a completely different perspective than that of someone who has been running the company for some time or someone looking to start a new venture.
A skin care business consultant will then analyze this gathered information in order to provide solid solutions and plans for the future. Often business ownership is so focused on working “in” the business that short term and long term outlooks and strategies are overlooked and neglected. The consultant re-focuses a skin care company’s strategies in order to solve immediate problems, while taking advantage of future opportunities. Steps taken in a good consulting process include: learn about the business; identify problems; identify future opportunities; perform analysis; provide solutions through a concrete plan; listen to feedback and adjust the plan; and implement and track the plan.
The consultant considers all company input to develop a business plan that will be effective. The consultant listens to the opinions of the company’s advisers (accountants, lawyers, bankers and other advisers). The consultant also listens carefully to the view points of the company’s ownership, founders, board, top management and key employees. A final business plan is agreed upon and signed off on by the company with the consultant helping to implement, track and re-work the plan as necessary over time.
When an entrepreneur is thinking about starting up a new skin care business, a business consultant can apply a start-up analysis to determine if it is a feasible opportunity, which includes: analyze and evaluate the opportunity; develop a business strategy and model; resource audit; acquiring and leveraging needed resources; venture deployment; and getting and distributing value.
When considering an existing business acquisition, a business consultant can employ an business analysis, such as: products and services analysis; management team appraisal; operational analysis; market position; competitive factors; SWOT analysis; analyze financials; valuations; and risk assessment.
A business consultant’s derived value pays for itself. What you pay in fees for a good skin care consultant will pale in comparison to the profitability the consultant’s strategies will create. A business consultant is an investment in the future success of your skin care company.
Skin Care Business Advice – Skin Care Business Consulting
February 20, 2010 by admin · Leave a Comment
We talk to people on a daily basis that would like to sell skin care products for themselves. This might mean selling existing lines or starting your own private label brand (with your company name and logo). Starting your own brand is very exciting and the work is time consuming. You literally have to create from concept to finished product. This is why focus is so important.
The first question we will ask is “What type of skin care line do you want to have?” This seems like a loaded question to many people. Remember that skin care encompasses Bath & Body, Spa Products and Anti-Aging. Then you have to think of possible product crossover opportunities among those segments. Maybe the proper question is “What type of demographic are you selling to?” Do you want to do luxury skin care products or do you want to lean closer to the mass market? This answer will point you in the right direction when you begin to make decisions concerning what your artwork will look like, what type of packaging will you use and what your final price point will be for your new line.
Another aspect of focus will concern what products you will choose to represent your company. For instance, if you are focusing on the Bath & Body segment, will you have a lotion, wash and scrub? Will you have a signature scent or are you going to try and follow the popular scents of the current time? If you want to sell Anti-Aging products, what will be the one or two products that will represent your company once you begin to sell? Furthermore, are you ready to really push these products to ensure their success?
Focusing on what you really want to do will help you lighten your workload. If you are only interested in Anti-Aging, then you know can eliminate Bath & Body from your list. By narrowing your focus, you can then begin to task out those small jobs that are necessary to take this idea to completion and into stores for those deserving profits and rewarding customer satisfaction. I can promise that the customer expects you to know your product, so refrain from starting your business with an excess number of products and opt to be an expert in those you do represent.
Who You Need to Hire When Starting a Skin Care Business
February 20, 2010 by admin · Leave a Comment
In today’s competitive skin care market it is important to avoid pitfalls when starting a new skin care business or launching a new skin care product. Who should you hire and why when starting a skin care business or new product line.
If you are not a lab yourself, you are contracting out the skin care product development. Make sure you are hiring a reputable lab that has experience developing the type of product you wish you create. For example, if you are interested in developing a natural or organic product make sure the lab is setup and can develop skin care products using organic or natural ingredients. Also, carefully choose your product packaging vendors for the primary packaging as well as secondary. Packaging is very expensive and needs to be created professionally with company image in mind as well as consumer target market. This also includes labels which many times has to be contracted out to a different vendor than the packaging company.
Now that you are on your way with your product and packaging, you will have to choose the proper website design company to develop your website and ecommerce store. Over 50% of skin care products are sold online so this is extremly important. The design company could also develop your logo and branding at the same time.
Online marketing is very competitive for skin care products. Large skin care companies are spending millions of dollars on online marketing. Mistakes in this area can be devastating to a skin care start-up business.
The best way to ensure a successful start when it comes to the skin care business and starting a skin care product line is to hire a skin care business consultant. A company or individual consultant who can take you through the process and help you avoid major pitfalls that can be costly.
Starting a business or new product lines are risky and take a lot of resources. Mistakes should be avoided if possible and consultants are great for that. They come with knowledge, expertise, and established relationships in the skin care field which all of it can be beneficial to the new skin care venture or product line.









