Does My Small Business Need a Business Advisor?

Any small business owner is familiar with the need for delegation. When the workload gets too much to handle, they might increase office hours, or hire another employee. However, when financial troubles appear, many small business owners are reluctant to engage the services of a professional business advisor.

This common mistake can hold many businesses back. You need to ask yourself a simple question: would you trust someone with no training or experience to build your house? If not, why should you trust someone with no experience to build and grow your business?

Business advisors’ services should be viewed as both an investment and a learning experience rather than an unnecessary expense. At Advivo, our business advisors combine their expert accounting and consultancy practices to give a broad range of management advice and take your business to the next level.

Fundamentally, a business advisor’s purpose is to provide a neutral and knowledgeable third-party perspective on how to build an effective and efficient business. Business advisors like the ones at Advivo can be a real asset to your small business. From budgeting to investments, to tax solutions, being able to access experienced advice and management in any of these areas could be the secret spice in your business’s recipe for success, saving you time, money, and stress in the long run.

There are many situations in which a business advisor can provide value to your business. For example, business advisors often assist with:

• Business growth strategies
• Competitor analysis,
• Estate planning,
• Budgeting,
• Employee salary and compensation,
• Business restructuring,
• Marketing strategies,
• Automation advice,
• Managing insurance plans, and
• Applying for government grants.

For businesses without the resources to hire a permanent business advisor, working with a business advisory firm like Advivo may be the perfect solution. By engaging the services of an advisory firm, small businesses can reap the benefits of a professional without having to pay a salary for a permanent employee or try their luck with an independent agent.

At Advivo, we offer a broad range of business advisory and coaching services that have proven extremely valuable for small to medium businesses. We take the time to really understand your business and its unique situation to help you make strategic decisions to achieve your business’ desired outcomes.