Choosing the right business advisor is crucial for the success of any business. With so many options available, finding someone who will genuinely add value to your business can be challenging. Here are six tips to help you choose the perfect business advisor for your business success:
Find someone passionate about working with you to achieve your goals and delivers more value than they cost. A good advisor can help you make improvements within your business that produce results that exponentially increase your profit, add to cash flow, and create efficiency.
Seek someone with good credentials and a proven track record working with business owners and their teams to achieve great outcomes.
Find someone who understands the impact of all areas of business, including marketing and selling the right products/services so that you can compete and be profitable, managing human resources, operations, financial control, and customer service, as you are only as good as your weakest link.
Work with someone who doesn’t just give you loads more work to do. You need someone who is ‘hands-on’ and will actively work with you to create a clear business strategy for growth, future proofing, and exit, and participate in implementing the required actions with you and your team.
Understanding the Key Drivers of your business is a must. Key Performance Indicators (KPIs) are a great way to measure improvements in all areas of the business.
Find someone who speaks your language, i.e. plain English rather than jargon, and can communicate clearly with you and your team.
When you find the right advisor, you will never want to let them go because they can help you take your business from strength to strength. Their fees will pale into insignificance compared to the results you achieve with them.
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Eric Tjoeng – CEO, Business Growth and Exit Specialists
The 10 Australian Business Strategists & Experts to Watch in 2021, Growth, Future