What is financial advisory
Financial consulting is one of the most important means used in large and small projects and in companies and institutions, in addition to management consulting and marketing consultancy, which are ultimately the tools for project success, reaching the maximum profit margin and estimating the market size well in the future, and the financial advisor is the path of any company or institution towards progress. And get a steady income more often and stay away from future risks.
- Benefits of financial advisory
- Financial consulting and its relationship to management consulting
- The first stage: Pre-investment
- The second stage: during the operation of the company
- The third stage: investing the proceeds
Benefits of financial advisory for companies and institutions
- Determining the company’s financial position at any time so that the management can know all changes in the company’s financial situation.
- Determining the company’s ability to develop projects and build new projects based on the company’s budget, which is one of the most important benefits of financial consulting.
- Training some new employees to gain experience in conducting studies on the company’s budget and financial matters.
- Establishing a stable financial system for the company and employees so that it is not deviated from except for necessity and the necessary needs of the company.
- Achieving the highest benefit from customers and consumers by relying on thorough and accurate studies to achieve income without harming or raising prices on customers.
- Achieving the highest financial profit return for the company through financial advice that depends on experts in the field, which returns to all parties a distinct profit return.
- The company’s future commercial planning, based on the current situation and the extent of development that occurred during the current and past period.
- The link between financial consultancy, marketing consultancy, management consultancy and feasibility study lead the project or the company and the institution towards progress and achieving the highest profit, which leads to the creation of new investment projects that benefit your project and develop to the greatest extent.
Financial consulting and its relationship to management consulting
Financial and management consulting is the basis for the success of any successful project; As it is not possible for any project to succeed administratively only without the availability of financial funding for the project, and also, no project can succeed if financial funding is available without the presence of a successful administration that develops marketing plans to bring the project to success, progress and development, and therefore the success of any project – whether it is small or large – There must be financial funding for it represented in financial advice, and successful management represented in management consulting, as well as marketing consulting, which we will explain in another article and its relationship to financial and management consulting.
Money is the backbone of life, so it must be optimally exploited so that companies and individuals can achieve the goals they plan.
Therefore, it is necessary to manage the money in an optimal manner so that nothing of it is wasted in a way that does not return to its owner the desired return on spending, and this takes place in three stages:
The first stage: Pre-investment
If companies or individuals want to invest their saved money to manage a return for them, they must:
At the outset, you must study the project to be invested in or choose between the available alternatives that generate the highest returns through the so-called economic feasibility studies, which anticipate the extent of the project’s benefit, the extent of the market’s need for it, the expenses required for the beginning of the project and the expected revenues from it.
The importance of this stage is that it illuminates a dark path in front of you and shows you the feasibility of going through it so that the investor does not spend money on a project that cannot sell its products because the market currently does not want the product or there is a surplus in the market and intense competition does not allow a startup company to reap Profits or that the expected expenses are higher than the revenues achieved. Therefore, it is necessary to consult the experts, such as MBT Consulting, and prepare a good study in which a good effort is required, which, no matter how expensive it may be, may avoid the owners of capital large losses.
The second stage: during the operation of the company
After preparing a good financial and marketing study that led to the beginning of the establishment of the project and the beginning of its operation, there are things that the company must realize, including analyzing the company’s financial results and comparing them with general and market benchmarks to show the amount of return and whether the assets are used optimally to achieve the highest possible returns and direct the company to early correction It also needs experienced consultants who have dealt with many companies and sectors.
The third stage: investing the proceeds
Many companies and individuals have a surplus of returns that they earn during the years of operating the project, which makes them think either of expanding the project or investing in other resources in an optimal way to achieve the highest returns here the role of financial consultants also appears in the optimal direction for investing surplus funds with their multiple experiences.
It is clear from the foregoing that financial advice is a continuous process as long as there are funds that want to grow to achieve for its owner what they hope to provide for them and their children after them.
If you need financial or marketing consultancy services in the financial or marketing field, do not hesitate to request the service of MBT Financial Consulting, which is characterized by a team with long experience in the consulting field with many companies in Egypt and the Middle East.
