Business owners are often immersed in day-to-day operations. So it is important to get an independent view of the business.
Business advisers include:
- accountants
- lawyers
- business coaches
- mentors.
Most business owners know they need an accountant for tax and a lawyer to check leases, terms & conditions and important contracts. But accountants and lawyers can do much more for your business.
These specialist professionals know about the economic, financial and legal environment affecting your business. Their knowledge and experience will help you anticipate changes and plan for survival and growth.
A good business adviser takes the time to understand your business and your vision and provides support and advice on starting, running and growing your business.
These three steps are a useful guide to selecting a business adviser:
- seek recommendations from your trusted network of business or personal associates
- contact the relevant industry association to find a list of advisers
- arrange an initial meeting and prepare a list of questions
- ensure you understand how the adviser is going to support you.
The following are additional points to remember:
- don't make a choice on cost alone
- don't choose someone you cannot communicate with easily
- meet with more than one adviser before making the choice
- check with your trusted network on whether their fees are reasonable.