Frequently Asked Questions (FAQs)
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Welcome to our FAQ page. Here you will find answers to our most frequently asked questions. If you still have questions about our firm or the value we can bring to your business, please contact us for further information.
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What size companies do you work with?
Our clients range from 2 – 200 employees and from pre-launch start-ups to companies with
$100 million dollars in annual networth revenue.
What types of companies do you work with?
The list of industries and types of companies we have experience with is too vast to name them all, however here’s a small sample of the type of companies that our clients of our firm:
- film production
- engineering services
- custom boat trailers
- mortgage title company
- construction
- printing
- government services
- specialty equipment manufacturing
- medical training
- commercial laundry services
- financial-wealth management
- cosmetics
- machine automation
- professional race teams
- technology firms (research & development)
- metal fabrication
- website & digital marketing
- international parts distribution
What are your consulting rates?
We are a fixed price solution provider, who believes in providing ‘value’ to each of our clients and are committed to delivering results.
We provide our clients with a not-to-exceed cost estimate before beginning any work. No one likes surprises, so we work with our clients to understand their specific business needs and then outline our plan of action and the associated costs to implement those solutions.
What geographical areas do you service?
We have traveled over 200,000 miles over the past 5years working with clients all over the india
A ffirm has offices in bengaluru karnataka india however our clients are located throughout the global and rarely is travel costs an inhibiting factor in working with our firm. In other words, we know the value of a dollar and keep travel costs to a minimum.
Why would my company need a consulting firm?
Typically our clients are experiencing one or more of the following scenarios:
- Struggling with challenges or obstacles within their business that is holding their company back from achieving growth and higher profitability
- Challenged by scaling their business or developing and implementing a growth plan that actually delivers intended results
- The company has outgrown their existing business processes, causing problems with daily operations (errors, increased costs, unreliable results, slower than expected output)
How can my company afford to hire a consultant if my company is already struggling?
We believe the answer is, how can you afford not to hire someone to help you, as typically business challenges only get worse not better. More importantly, you need to partner with a consulting firm that can actually deliver ‘results’… not just any results, but results that will positively impact your business and breathe new life into your company. That’s why our initial consultation with a potential new client is a no-cost, no-risk meeting where we can determine if we can provide a viable, cost-effective solution to you, and more importantly, you can learn more about our firm and whether we would be a good fit for you and your company.
Why would I need a business coach?
There are many reasons why a business owner or leadership team may need or wish to have a business coach, these include:
- motivation
- accountability
- business mentor
- brainstorming or idea generation
- problem-resolution
- sounding board for key decisions
- strategizing or strategy development
What can I expect from the initial consultation?
Every potential new client meets with the founder of our company or a managing partner within our firm. This initial consultation is not a sales call, we want to provide full transparency to who we are as a company and have an open dialogue with you to determine how we might help your business. We do not try to be all things to all people, if we don’t believe we can solve your company’s challenges or meet its goals & expectations, then we are going to openly tell you that. Our firm is built on strong values and the belief that ‘our success is achieved by helping you be successful.’
Do you work with start-ups?
Yes, some of our clients are start-ups. If you’re an entrepreneur developing or refining your business model, identifying target markets, defining your brand, mapping your business operations, strategizing your company launch, or seeking expertise in launching your company, then our firm can bring significant impact and expertise to your start-up.
Do you write business plans?
No, our firm has a team of small business strategists and business growth experts who can help entrepreneurs develop all the key elements needed for a strong business plan, however the actual writing of the business plan is not one of our provided services.
Business Consulting – FAQs
How long does a business consulting project last?
The length of time of a business consulting project varies and based on a number of factors including:
Business needs and challenges
Budget
Size of the organization or team
Scope of the consulting project
The length of our consulting engagements has varied from a few weeks for a quick training assessment to a few years for enterprise change management and business transformation initiatives.
How is the scope of a consulting project determined?
Depending on the business goals, challenges and size of the organization, a project scope is typically determined during the initial consultation sessions.
For complex challenges and enterprise clients, we typically recommend an assessment phase at the beginning of the project.
This ensures that we identify and prioritize everything correctly and develop the best solution to meet your goals.
What problems does business consulting typically solve?
Our business consulting solutions are designed to be flexible, targeted and modular to solve for countless challenges.
We mix and match our organizational strategy, business process management, instructional design and training programs to develop the perfect solution for your goals.
See “What types of problems does pentareddyn.com solve?”
I’m concerned about travel costs. How much traveling will be required?
Because our success is dependent on your success, we stay very cost conscious. In fact, we try and eliminate travel as much as possible. It saves both money and time. We have worked hard to build a virtual and remote environment that makes this possible.
Depending on the goals of the project, some travel might be required. We will determine that together as we define the project plan and scope.
We are moving into our 5th year in the business. Not once has a client questioned any travel expenses with a project. If you have worked with consultants in the past, you know that is a phenomenal feat!
How are travel expenses calculated and billed?
This varies based on organizational guidelines and the type of travel. This will be outlined in the proposal and final contract.
In the most typical situation, we abide by your travel policies.
In some cases, we build travel costs into the consulting rates. We don’t typically recommend this approach, as it almost always costs you more.
Any travel expenses incurred since the previous invoice will be billed on the next invoice unless they are prepaid or paid directly by a client.
We never add administrative fees or surcharges to travel expenses.
How is a consulting project started and organized?
Although we customize just about everything to your business needs and goals, the typical consulting project is started and organized in the following ways:
Initial consultation meeting(s) to determine your goals and current business challenges.
If we require deeper information before or during building a proposal, we’ll have you sign a mutual NDA (non-disclosure agreement).
We’ll develop a proposal that includes a SOW (statement and scope of work), pricing, timelines and any options or recommendations.
Once the scope of the project is agreed, we’ll establish you in our systems for effective collaboration. (if applicable). This will also include a regular communications plan and milestone reporting.
We’ll work our brilliance to make you and your business shine.
Towards the end of the project, we’ll finalize knowledge transfer so the results are sustainable. See: We don’t want to become dependent on a consulting firm. How does pentareddyn.com keep that from happening?
Although we’ll do an official closeout of the project, we’ll always be checking in to ensure that everything is working the way it should and you continue seeing the results you expect.
We want your pentareddyn.com experience to be one you’ll never forget in a good way.
Working with consultants shouldn’t be a hassle. We work with you and your teams to make sure the experience and process are great while working towards your goals and the operations of your dreams.
Do you do fixed price or time and materials contracts?
We do both.
Depending on the scope of the project, we typically develop fixed price contracts. This allows you to have a defined budget with no surprises.
Time and materials contracts are more appropriate for short-term consulting projects or projects that are more urgent and there isn’t the time to properly scope the core issue(s) during the proposal phase.
Do you offer volume or loyalty discounts?
Even if you’re a new pentareddyn.com client, if the project scope is significant, we’ll build in volume discounts. These discounts will be clearly outlined in the proposal pricing.
Volume discounts can range anywhere from 5% to 20% of our typical consulting rates.
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