Business management consulting is the practice of improving a business. Business consultants start by analyzing how a business is being run in order to improve performance and increase profitability.

Analyzing a business is no easy feat, and it requires years of experience and heaps of theoretical knowledge; between those, business consultants have all the skills to locate the problems in your business and provide the solutions you'll need to get to where you want to go.

After analyzing the business, the process of optimization and reconstruction begins. The business consultant strives to create a self-improving environment, where optimization is sustained and craft a process that would keep itself in motion without needing to be optimized again in the years to come. This is usually done by implementing within the business systems for auditing and improvement, as well as teaching high level managers how to use and craft such plans.
Creating a self-optimizing system for a business, a system that would cause it to keep production and service at a high profitability level while minimizing loss requires the removal and recreation of many parts and processes of the corporate machine. While this can be done post-hoc, after a system is already in place, it is much better to pre-optimize production while a business is still young.

Usually, the smaller the business, the more it has to profit from business management consultation, because a bigger percentage of its profits is lost to bad business practices, and it would cost it far less to optimize itself.

Small and medium businesses (SMEs) can and should hire business consultants at early stages or later to ensure all business practices are optimized from the get go. Even business that don't plan on expanding can use business consultation, in order to maximize profitability and minimize loss.