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News / Blog: #advice

What is a business consultancy?

12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A management consulting firm is a professional service that helps companies develop and implement strategies, processes, and technologies. Business consultants provide advice and support in the areas of strategy development, process management, organizational development, finance and accounting, marketing, human resources, information technology, corporate culture, and customer service. They work with executives, entrepreneurs, and investors to help companies strategically plan and implement goals.
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What is consulting / advisory?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Advisory / Consulting is the professional provision of services to help businesses solve problems and achieve their goals. Consultants provide a variety of services including strategic planning, project management, organizational structure and design, financial advice, legal advice, and more. Consulting is a profession in which consultants seek to help clients solve their problems and help them achieve their goals.
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What is business startup & startup consulting?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Founder and startup consulting is a type of consulting that specifically targets founders and startups and addresses specific issues and challenges that founders and startups face when launching their business. It is a type of expert consulting that helps founders and startups develop and implement their business idea and assists them in implementing legal requirements. It can also help identify the risks associated with a business idea and advise founders and startups on developing a business model and strategy that will help them achieve their goals. Ultimately, the advice can help founders and startups successfully launch their business and establish it in the marketplace.
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How do I write better grades in my studies?

12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Create a plan. Create a plan that includes your work, assignments, and tests. Try to make the plan as detailed as possible and write down all important dates.

2. Take short breaks. If you ever need to concentrate to complete a task, take a short break and relax. This will allow you to give your mind the rest it needs to successfully complete the task.

3. Look at your grades. Look at your old grades to see what you need to focus on. This will give you an idea of where to focus your energy and how to improve your grades.

4. Take your time. Give yourself enough time to complete your assignments. If you are in a hurry, your results may not be optimal.

5. Use online resources. There are many online resources that can help you learn. Use these resources to expand your knowledge and improve your grades.

6. Ask for help. Ask your teachers if you need help with an assignment. They will give you advice and help you improve your grades.

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What are the biggest mistakes when buying / acquiring a company?

06/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Insufficient due diligence: the company analysis before the purchase is one of the most important elements in the acquisition. Without thorough due diligence, unforeseen risks and liabilities may go undetected.

2. Insufficient insight into financing: In order to execute a successful acquisition, companies must carefully review financing risks. This includes a review of capital requirements, funding sources and use of funds.

3. Unclear understanding of the target company's culture: when a company acquires another, it needs to understand what the company's culture is and how it can be integrated into its own business.

4. Unclear goals: A successful business acquisition requires clear goals and a successful plan to achieve those goals. Without a clear understanding of the goals and the strategy to achieve them, it is difficult to successfully implement the acquisition.

5. Inadequate legal advice: a company should always hire a qualified lawyer to ensure that all legal principles are followed correctly.

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