When businesses expand at a rapid pace, it can be difficult to manage all the different tasks that must be completed to maintain profitability. In some cases, businesses will hire a consultant to help discover the most efficient ways to run an operation.
In British Columbia, Lorne Derksen, the co-owner of a manufacturing company, found himself in need of some advice and signed a contract with a business consultant, the Vancouver Sun reports. The business owner said that the advice from the outside company was helpful and that many of the suggestions had been implemented.
“I did like a lot of the stuff the analyst brought up. It solidified a lot of my own thoughts about what we needed to do," Derksen told the newspaper. “[The consultant] basically identified a lot of things either on our minds or just below the surface.”
While some businesses have experienced more positive results, others have been forced to lay off workers. The latest figures from Statistics Canada revealed that employers let go of 30,400 workers in July, the most since October 2011.
Content provided by executive search organization, MRINetwork.