Leddys & Associates

View Original

It's tough at the top (and that's why you need a business advisor)

Being a business owner can be immensely rewarding. But it's also a highly pressurised and stressful vocation to choose. The business journey can be full of pitfalls and challenges that make it more difficult to meet your goals and turn your enterprise into a success.

The good news is that you don't have to travel this road alone. A business advisor is your companion on the journey. An advisor will help to shoulder some of the load, so you can get where you're going faster and with all the personal and business support you might need.

The benefits of working with a business advisor

Running a business is a learning experience. Each day will present a new opportunity or challenge, so it’s important to fast-track your learning and build on your own knowledge.

Engaging a business advisor is one way to speed up this knowledge and growth process, while also having access to an independent and objective expert in your field. You may be the founder of a new startup, or an experienced entrepreneur with three business ventures under your belt. However experienced you are, it's helpful to have a sounding board.

A business advisor will:

  • Listen to your concerns – when you work with a professional business advisor or mentor, this gives you a chance to express your concerns and business challenges openly. An advisor will listen and offer guidance without judgement, giving you an independent sounding board to bounce your ideas off and brainstorm new strategies.

  • Know your goals and aspirations – an advisor gets to know your goals and aspirations, both professionally and personally. Because of this, they’ll provide tailored advice and support to help you meet these goals and fulfil your long-term vision for the business.

  • Understand the workings of your business – when an advisor has a deep understanding of the intricacies of your business, this can be immensely valuable. This knowledge allows them to offer specific insights into your industry, identify potential blind spots and suggest strategies that align with your unique business model.

  • Share their knowledge and expertise – collaborating with an advisor or mentor gives you an opportunity to tap into their wealth of knowledge and industry expertise. Their experience helps to provide valuable insights, advice on best practice in your sector and innovative ideas to propel your business forward.

  • Hold you to account and push the envelope – as the boss, there’s not always someone on hand to help you meet your business goals. Your business advisor will hold you to account and can challenge you to step out of your comfort zone. They’ll push you to explore new possibilities, set ambitious goals and overcome obstacles, all of which helps you to drive your personal and professional growth as a leader.

Talk to us about our business advisory services.

As your accounting adviser, we know your business better than anyone. And we also have the advantage of having worked closely with you to develop and refine your goals as a business leader. We’re perfectly placed to become both your business advisor and your close adviser.

If you want to take your professional growth to the next level, we’d love to become your advisor.

Get in touch to talk about business advisory.