Entrepreneurs feel enormous pressure to meet ambitious goals and deliver for their customers, employees, investors and other stakeholders. The good news is that you don't have to go it alone.
It's imperative to have a robust and strategically placed network of trusted partners, experts and advisors to lean on as you navigate challenges and reach new milestones. While there are numerous examples of external experts that business owners can benefit from and learn from, three stand out in my experience.
Bankers are at the center of the business ecosystem and are well-positioned to provide strategic guidance, facilitate connections and suggest comprehensive solutions to help you achieve your goals.
Over time, a banker could help provide:
In short, your banker should help you open doors and see around corners. They can help you tackle tough issues and solve pressing challenges and will be there to support you in the moments that matter.
Related: If You Want Your Clients to Truly Value You, You Need to Be Their Trusted Advisor. Here's How.
Like a banker, an attorney can advise your strategy and growth plans through a different but equally important lens. In my experience, in addition to legal counsel, attorneys bring exceptional industry knowledge and sound judgment and challenge you to think critically about your business.
An attorney will focus on defining your business structure and can weigh in on the following:
When choosing an attorney, consider someone who specializes in your industry and the relevant area of law, has experience with your specific legal needs and has guided businesses through various growth stages. If you get it right, your attorney could bring a unique perspective to your company and pose questions you might not have considered.
Related: How to Find a Good Franchise Lawyer
An accountant is an essential member of your core team. They have a fiduciary responsibility to ensure the reporting, accounting and controls around your financial statement are reliable, timely and accurate. They can also provide significant value by implementing processes to prepare your business for key milestones.
Working closely with the banking team, accountants can help:
Related: 5 Tips for Finding a Great Advisor for Your Startup
Throughout your entrepreneurial career, you will lean on and learn from many different experts. These three are just the beginning. Be methodical and diligent when searching for your trusted advisors, and don't be afraid to tap your network for referrals, seek out individuals at industry conferences, or reach out to other business owners whom you admire.
The 3 Trusted Advisors Every Business Needs
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29.03.2024
Entrepreneurs feel enormous pressure to meet ambitious goals and deliver for their customers, employees, investors and other stakeholders. The good news is that you don't have to go it alone.
It's imperative to have a robust and strategically placed network of trusted partners, experts and advisors to lean on as you navigate challenges and reach new milestones. While there are numerous examples of external experts that business owners can benefit from and learn from, three stand out in my experience.
Bankers are at the center of the business ecosystem and are well-positioned to provide strategic guidance, facilitate connections and suggest comprehensive........
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