India has been a witness to exponential growth of startups, entrepreneurs and SMEs under the wave of Startup India. But the company needs external advisory system to make their place in the market while achieving their ultimate goal of earning profit.

Few of the points which briefly describe as to how outsourcing work to consultancy and replying on a consultancy help startups to scale up –

1. The business consultants with their inbuilt knowledge, resources and experience help the startups with their advice, as startups being new in the industry, lack experience, their decisions are full of uncertainties and they struggle with access to limited resources.
2. The consultants also review business plan, analyse intensive goals and provide suggestions to help the company step up the ladder of success. It is not only an effective way for startups to focus on their core business work but it also proves to be time efficient & cost effective.
3. As startups remain more focused on the expertise of human resources, the talent and knowledge accessible to them- they tend to pay lesser attention to the alterations going on in the market including instances tax fluctuations. For instance, it would be very difficult for them to keep track of tax exemptions operating in market, namely, Special Economic Zone (SEZ) units which are liberated from the burden of paying Minimum Alternate Tax.