Types and Forms of Business Consulting

Previously, business consulting only covered a few areas, primarily accounting and financial auditing. Over time, the number of types has significantly increased and now encompasses more than 10 different specializations. We will discuss the main ones below:
Management
Also called general consulting, its aim is to globally examine the business to identify and eliminate issues/deficiencies/vulnerabilities, as well as to optimize the overall company activities and assess further growth potential. Management consulting is often a large-scale SWOT analysis that allows you to gain insights into all related business processes and make effective decisions for their improvement. It can include specific areas of consulting: financial, personnel, legal, marketing, etc.
Legal
A very necessary type of consulting that involves special consulting services. During their activities, any entrepreneur or company has to resolve several legal issues, and as the business grows, their number increases. Hiring a full-time lawyer may not always solve this problem, and sometimes seeking help from a consulting firm can be more effective. Legal consulting services for businesses will help organize documents and make cooperation with counterparties more transparent.
Financial
Financial consulting is a popular type of consulting service where experts help entrepreneurs create a reliable and effective financial management system. It includes activities such as analyzing and auditing the company's financial condition, consultations on budget planning, organizing financial documents, etc.
Accounting
A common subtype of financial consulting that includes advising on the creation of an accounting system, assistance in preparing accounting and tax reporting, accounting in automated information systems, support during tax audits, etc. Additionally, accounting consulting experts assist in setting up and repairing accounting systems, provide advice on taxation (tax calculation, transaction evaluation, etc.). They also analyze and correct tax reporting, clarify regulatory documents and contentious situations in the field of accounting and taxation.
HR
HR consulting is another sought-after service direction provided by consulting firms. Experts analyze the company's corporate culture, search and select candidates for open positions, consult management, and organize training and motivational sessions for staff. Consulting in the personnel area can also include certification of HR managers and other specialists, accounting and auditing of personnel, analysis of personnel policy and document flow, implementation of methods to increase employee efficiency, etc.
IT Consulting
IT consulting is becoming an increasingly popular type of consulting service. It helps companies competently implement and use information technologies to optimize business processes. During this service, experts provide recommendations on the creation, implementation, and development of in-house IT systems. In some cases, they develop such complexes from scratch or offer ready-made solutions based on the current goals, tasks, problems, and specialization of the business. These include customer relationship management systems (CRM), enterprise resource planning systems (ERP), software for collaborative work (Groupware systems), information systems for working with networks (NIS systems), and much more. Additionally, IT consulting includes IT auditing: a set of measures to assess the level of automation of business processes in the company.
Investment
Another significant area of business consulting is investment consulting. Experts from consulting firms help businesses choose the most profitable and low-risk capital investment options. On the other hand, they can also suggest effective ways to attract investment. Investment consulting services include not only researching and attracting investors and investment options. Additionally, experts in this field assist clients in developing investment projects, mediate interactions with credit institutions and insurance companies, and provide legal advice.