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What is a Business Advisor?

By Darren Finkelstein
By Darren Finkelstein

The Accountability Guy®

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Do you need help from a business advisor?

With the new startup culture gaining roots across the globe. Small businesses and accelerated startups require the skills of seasoned professionals. These professionals can help get them off the ground with planning and strategy.

This is the main role of a business advisor. A business advisor is basically a consultant that provides businesses with the information, experienced insight and strategy. They show you what’s needed to run your affairs efficiently, poised for maximum growth and also market penetration.

A business advisor can either be hired as an in-house team member or work independently. An advisor can also be part of a business consultancy firm. Each of these options caters to different segments of the industry based on their level of growth and also expansion. With smaller companies opting for independent one-time consultants. Larger companies may need more hands-on in-house professionals. A larger company may also look to hire an allied business consultancy firm to handle their operations.

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The Executive Power of A Business Advisor

Likewise, a business advisor can be useful in several ways with regards to the control they have over the daily affairs of the company. In a newly emerging startup, the executives may want a more involved approach. This will also help the company deliver initial training and classes to their employees. To develop a conducive business environment as the company emerges and also transforms rapidly at its initial stages. So for more developed and stable organizations, the advisor may work from farther afield. Generally a less involved role, with the advisor giving suggestions and advice. This information may or may not be implemented by the company executives based on their discretion.

Choosing The Right Business Advisor

Finding a business advisor that has prior knowledge and experience of your specific industry is always the smarter choice. A generally inclined business advisor may not be able to provide your organization with the right advice. Especially when it comes to branding, regulations, product placement and the organization of the company structure. Furthermore, a business adviser will be aware of good practices that are commonly applied across your industry. This will help to deliver the best results through time tested by the book methods.

They will also be familiar with the exact issues that are faced by emerging or established organizations in your industry. They can advise the best workarounds and loopholes. Getting through regulatory firewalls that allow your organization to grow and develop rapidly.

Business Advisors and Accountability

The atmosphere and environment of a startup or small business may be fast-paced, transforming and evolving daily. In a highly versatile environment, new ideas and concepts get floated around and begin being implemented in an experimental fashion. This allows you to see what fits best and what works well. In such an environment, most actions are lost to the noise and chatter. So you do not see their proper implementation across the organization.

Also, a business advisor can benefit the organization in this scenario by making sure that executives remain accountable. Furthermore, being accountable for decisions and ensuring proper implementation across the board. This applies to any new policy that may be devised during the initial growth stages of the company.

The business advisor can also help the company build a strategy. To help familiarize and train employees to be able to incorporate new changes and workflows into their daily routines. Doing this more effectively without disturbing the overall efficiency of the organization.

A Smart Move For Business

A small business working towards better growth or an entrepreneurial startup growing its roots. Each can benefit from the services of a well-qualified business advisor to bring their affairs into proper order. Paired with a clear understanding of where you want to take your organization. As well as having a set of rules and ethics based on accountability and responsibility across the whole organization. The advice and analysis provided by a business advisor can also be applied with ease and efficiency. This should also produce the best possible results for your future growth.