 Opening Salvo: Consulting, it’s the next big business opportunity frontier. From 2011 to present the consulting industry grew by 4-5% YOY on the coattails of increasing supply and demand. More people than ever on record have transitioned out of traditional career roles in the last 15 years to chase the ‘gig economy’ (increasing supply) while companies themselves have developed a steady dependency (increasing demand) on using external support to ensure their operations run effectively and efficiently. While this sounds encouraging, an unexpected outcome of this growth has left many customers with buyers remorse. As more people enter the consulting game the varying levels of experience, service, costs and related outcomes has left customers in a predicament. With a multitude of options now available to companies looking for help one of the biggest challenges afflicting buyers is how they will find the right support while ensuring the money they’re paying for it results in a positive outcome. Author: Travis Smith To view the full article click on the download link below: 
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 Executive Summary: Businesses of all sizes must make strategic decisions to ensure its operations and outputs are optimized, functioning at an effective level to help them grow, increase speed to market, improve ROI, etc. One tool which helps to achieve those metrics, and more, is outsourcing. For the purposes of this paper we’re define ‘outsourcing’ as the act of packaging internal work to be sent outside to an external supplier to facilitate on behalf of the company, now client. There are many positive attributes of outsourcing, yet there are a bevy of deltas which accompany outsourcing if the client doesn’t carefully vet and manage their suppliers. Outsourcing, a valuable strategic business tool, is best experienced where expectations are managed while relationships are allowed to develop overtime. This produces fruitful outcomes for both client and supplier. Author: Travis Smith Contributor(s): Bill Colone, Achilles Young To view the full article click on the download link below:
 Executive Summary: Developing a strategic and consistent process to evaluate and therefore acquire suppliers before you need them is vital to our ability in growing our company. When we utilize a systematic process we eliminate bias and emotion from the decision making process which allows us to make decisions which are capabilities and needs based rather than emotions. Your ‘minimum expectations’ list serves as a road map for decision making and comparison shopping as you engage with each supplier. Author: Travis Smith Read the full article by downloading the below PDF attachment
 Executive Summary: The world of startups and small business can indeed be an exciting place to be. Its commonly characterized as highly collaborative, fast pace, less bureaucratic and wildly innovative. While this sounds great in theory, in practice the world of a startup can be rife with challenge, including heavy amounts of stress and uncertainty. It’s vital we as professionals analyze our personalities and professional behaviors to assess whether or not we would do well in the startup world - before we actually jump in. Knowing what you’re up against before you dive in will allow you to determine if it’s appropriate for you to consider the startup space, small business and or entrepreneurship. Author: Travis Smith Read the full article by downloading the below PDF attachment
 Executive Summary: If your company lacks a ‘gold standard’ for its product design practices you are inevitably wasting time, resources and funds. Implementing and running a gold standards program is essential to operating at peak performance. Start by developing a best in practice plan. From there setup a review plan to provide feedback on all work performed. Once the infrastructure of your new gold standard system is established you’ll want to assess the skills of your team and develop a training program which can be offered to both new and existing employees. Author(s): Travis Smith & Tim Humphrey Read the full article by downloading the below PDF attachment
About the AuthorTravis Smith is the founder and managing director of Square-1 Engineering, a life sciences consulting firm, providing end to end technical project services to companies which design, develop and or manufacture products in Southern California. He successfully served the life sciences marketplace in SoCal for over 15 years specializing in engineering services, consulting, project outsourcing and leadership development. In 2019 he was recognized as a ‘40 Under 40’ honoree by the Greater Irvine Chamber of Commerce as a top leader in Orange County, CA. Archives
April 2021
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