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Startup Consulting Services and Reasons Business Founders Need Them
Startup Consulting Services and Reasons Business Founders Need Them
Startup consulting services are a live-saver for entrepreneurs that need quick access to industry knowledge and professional advice to get their business off the ground. Startup consultants provide expert guidance and support in various aspects such as business strategy, product development, team management, branding, finance, sales, and more. To cover such a broad range of competencies, a startup consulting company usually provides a multi-skilled team of specialists from different business domains.
Common Roles in a Startup Consulting Team
- Business Analyst analyzes the current startup health, identifies new business opportunities and hidden risks, gathers software requirements and conducts interviews with stakeholders, develops the overall strategy for the startup, and helps create a clear and detailed roadmap to achieving short- and long-term business goals.
- Industry Consultant is a business analyst specializing in a particular field (e.g., manufacturing, healthcare, or finance). They often come to startup consulting after having worked in the target domain for many years, so they can offer valuable insights to help the client navigate a variety of industry-specific challenges.
- Solution Architect is the “tech brain” of the team: they shape the optimal software architecture design for the startup, choose the most efficient tool stack, and ensure that the designed software architecture is secure and ready for future growth.
- Marketing Specialist analyzes the market competitors, helps define and understand the target audience, and develops effective marketing strategies to promote the startup’s products or services.
- Legal Specialist ensures that the startup complies with all relevant laws and regulations, helps protect the startup’s intellectual property, and manages legal risks.
- Project Manager plans the project roadmap and deliverables, helps find the necessary skills and assemble a strong team, establishes transparent processes for successful startup software development, optimizes the budget, and ensures that the project is completed on time and to the client’s satisfaction.