More than 70% of small and medium-sized enterprise (SME) owners in Singapore manage all aspects of their business independently. As an accredited management consultant registered with the Institute of Management Consultants Singapore (IMCS), we provide the Business Doctor Program, which employs a comprehensive four-step analytical approach to assist SMEs in strengthening and addressing critical blind spots to enhance their business performance.
With a focus on business strategy, brand sustainability strategy, sustainable financial management, human resources, and operations, we firmly believe that every SME can achieve its ultimate objective of profitability and efficiency.
A business doctor is a FMC-trained management consultant for SMEs, a professional who helps small and medium-sized enterprises (SMEs) develop and implement effective business strategies. Our consultants work with business owners and leaders to identify areas of improvement, develop strategic plans, frameworks, governance and provide guidance on how to execute those plans.
We offer a wide range of services to SMEs. Some of the most common services include:
No matter what your business needs, we have the expertise to help you succeed.
In our Business Doctor Program, we follow a proven methodology (“DPTM”) to ensure we deliver high-quality deliverables to our clients. It is based on four fundamental principles:
Upon confirming your participation in this program, you will enter into a consultation a.k.a the “Diagnostic Process”, with the “Business Doctor” where we focus on understanding your current situation(s) and set goal(s) to be met from this program.
Your business will then undergo a deep diagnostic whereby your financial reports, business processes (i.e. sales, operation, finance) & policies are broken down and deciphered into easy-to-understand graphs and ratios.
Key stakeholders and respective head of departments will undergo an interview on a customised questionnaire designed to meet the goal of this program.
You will then be presented with the Business Consultation Report, a.k.a the “Prescription Process”, that prescribes the recommendations a.k.a the “Treatments”, to resolve the business challenges necessary to meet your goal.
Together with your business doctor, you will make pragmatic decisions on the recommendations to undertake, all dependent on the current business situation.
Once you have decided on the treatment(s), your business doctor will then perform D.C.I on the treatment administered, together with Finnex’s GSS Framework, 5 BPs Framework and various concepts respectively as follows:
Lastly, the selected treatment(s) is / are completed, continuous monitoring through “Finnex Care” will help to ensure that the treatment is properly administered and outcome(s) are effective.
Your business doctor will always keep an eye on any adverse viruses (i.e Local and International economic news and political news) that may impact your business to stay ahead and well-prepared for foreseeable and unforeseeable circumstances
Our team has a proven track record of success, and we are committed to delivering results for our clients. We work closely with you every step of the way to ensure that your business achieves its full potential.
There are several benefits of hiring a business management consultant for SMEs, including:
Small and medium-sized enterprises (SMEs) should consider hiring a business management consultant when they are facing challenges that they are not able to address on their own.
Some specific situations where SMEs may benefit from the expertise of a consultant include:
SMEs can find business management consultants through various channels, including:
Working with a consultant can help SMEs:
Finnex business consultants follows a structured process that includes the following steps:
Hiring a business consultant can be a wise decision for SMEs seeking to enhance their business operations and achieve their objectives. The consultant’s expertise, impartiality, efficiency, accountability, and guidance can assist SMEs in creating and executing successful strategies that drive business growth.
Embark on a journey with us and discover we help businesses achieve their goals through our expertise in business and brand sustainability strategy, operations, sustainable financial management, and human resources.
All FMC consultancy projects can be subsidised through the Enterprise Development Grant, EDG. From Budget 2023, the grant support level for EDG projects will be up to 50% from 1 April 2023 onwards. For sustainability-related projects, the support level can be up to 70% from 1 April 2023 to 31 March 2026.
That’s not the end! As we want you and your business to soar greater heights, our sister company, Finnex, will guide you and ensure your working capital needs are uninterrupted when executing the long-term strategies.
Finnex DPTM Approaches
Upon confiriming your participation for this program, you will enter into a consultation a.k.a “Business Doctor” where we focus an understanding your current situation(s) and set goal(s) to be met from this program.
Your business will then undergo a deep diagnostic where by your financial reports, business processes (i.e sales, operation, finance) & policies are bring breakdown and deciphered into easy to understand graphs and ratios.
Selected employees will undergo an interview on a customized questionnaire designed to meet the goal from this program.
The SWFR* (Strengths, Weakness, Findings & Recommendations) will be generated and presented to you.
You will then be presented with our RAP Report, a.k.a “Prescription” that prescribe the necessary treatments recommended for your business to undertake in order to meet your goal.
Together with your business doctor, you may choose to take all actions in our RAP Report or selected ones, all dependent on the current business situation.
Once you have decided on the treatment(s), your business doctor will then do D.C.R.I Pill on the treatment administered respectively:
Lastly, your selected treatment(s) is / are implemented and on constant monitor at least once a month to ensure that the treatment is properly administered.
Your business doctor will always keep an eye on any adverse viruses (i.e Local and International economical news and political news) that may impact your business to stay ahead and well-prepared for foreseeable and unforeseeable circumstances
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It depends on the complexity of project scopes, which range between a few thousand and over a hundred thousand. The great news is, that EDG can be applied and supports up to 50% of the project cost.
For sustainability-related project, EDG can support up to 70% of project cost.
CTC Grant can support up to 70% of project cost for Enterprise Transformation & Workforce Transformation.
Resource: https://www.ntuc.org.sg/usme/how-we-help/ntuc-ctc-grant
Depending on the project requirements, Finnex Management Consultants will be deployed with the right skills mix in their area of expertise to ensure the best outcome(s) are derived at the end of the project.
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