Good Advisers Are Worth Their Weight in Gold



Most successful business people will acknowledge that their business success if due in no small way, to the help they received from a selected group of people known as "business advisers".

It is impossible for a business owner to know everything about everything, and it is a mistake to think that they can do everything on their own. At some time or another every business owner will need to consult these people for business advice or assistance.

Don’t do it all yourself
The requirements of commerce,  the strategies involved in business, and the expertise required in many areas of business, mean that most people are unlikely to have all the specialised skills necessary to run their business efficiently and profitably.

Any type of arrogant thinking is a recipe for failure, stress and burnout. As a business owner you simply will not have the time or energy to do everything yourself and if you are a one-man business or one-woman business, the stress will be more evident if you have no-one else to discuss business issues with.

In any event, it is unwise to try to do everything alone or in isolation when there are people available who have the expertise and the skills to help in your business - the business adviser.

Find Your Team
Your team of advisers will generally be made up of an accountant, a lawyer, a bank manager, an insurance consultant, and a finance broker.

Advisers can make a huge difference to the smooth running of your business. Always look for professional advisers who are business oriented, rather than professionally oriented.

Most lawyers and accountants, for example, are experienced in their field, but they also need to offer advice regarding the law and accounting as it directly relates to business. It's not enough to simply get a professional adviser. You need to seek the services of a person who knows something about business.

Too many people think there is a special mystique attached to the members of professions such as lawyers or accountants and they believe that any professional adviser will do a good job.

The fact is, while some advisers have specialist knowledge, their competence to apply that knowledge may be questionable.

Make a point not to seek a lawyer or accountant simply because they happen to be handy to your business. Seek someone who has competency in their field, relating to business even if they have offices on the other side of town.

 

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