Fundamental Business Skills - Lucas Walker Business Consulting

Developed business skills are the foundation the rest of the organization balances on. If the business has a weak foundation, success is nearly impossible.

As Lucas Walker Business Consulting LLC worked with client after client a theme kept popping up.

Entrepreneurs tend to be experts within their niche but typically have liabilities in the adjacent business skills needed to be successful.
–

Of course, in hindsight, this makes sense. The entrepreneur had to be adventurous to start their business and that meant taking risks. The largest risk the entrepreneur takes is within the information they don’t know.

Being great at what you do simply isn’t enough. The technical execution of your skill typically accounts for less than half of the time spent in your business.

Starting a business is a challenge of navigating completely new areas of information. Sometimes “you don’t even know what you don’t know.” Other times, you are trying to solve a problem, and do hours of research only to realize you need concepts specific to YOUR business and big cookie-cutter ideas don’t help.

Lucas Walker Business Consulting helps craft standard operating procedures and systems

Guidance on this path can help you avoid pitfalls and identify opportunities in your business. While the following list is a starting point, in actuality these business skills are much more holistic and blend together into one properly functioning business.

Some common business skills and tasks we help clients with include…

Setting up business entities (LLC, etc)
Getting tax ID numbers (EIN)
Mission and vision clarification
Business models and business plans
Identifying product-market fit
Pricing structure
Basic accounting (cash flow/profit margins
Operations manuals (standard operating procedures)
Team-building and unification
Digital tools (Trello, Google Forms, Mailchimp, …)
Managing managers
And more…

None of these areas are difficult to learn about, it just takes energy, focus, and time. Expert guidance can help keep the time as short as possible to maximize efficiency.

Let us help you get everything lined up!