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What Is the Role of a Business Advisor?

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What Is the Role of a Business Advisor?

What Is the Role of a Business Advisor?

Businesses worldwide are continually searching for ways to improve efficiency, boost performance, and generate more significant sales and revenue. All of this cannot be achieved without a proper strategy and a team that knows what they are doing.

Working with a clearly defined roadmap can help small businesses, start-ups and companies deal with emerging opportunities in the best possible manner and the avail an edge across the market that can significantly affect long term performance.

Who is a Business Advisor?

Most businesses recognize the role of a business advisor as critical to their economic and internal activities. A business advisor is an individual that possesses expertise in the fields of business strategy creation, analysis, and execution.

As a part of your team, a business advisor can help you streamline workflows, develop smart methods for the proper utilization of resources, and build strategies to guide your business activities for maximum beneficial results.

If you are searching for a business advisor to help you build your business to the best of its potential and beyond, here is a guide on the services they can provide to your company and what to expect when hiring a business advisor for your company.

What Can A Business Advisor Do?

#1 – Analysis

A business advisor begins their work by undertaking a complete and detailed analysis of your company. This includes a review of your assets, resources, infrastructure, business framework, people and the goals, objectives, or aims you intend to achieve through your business activities.

Through this initial step, the business advisor can develop a clear picture of your company’s present situation and identify the key factors that need attention.

#2 – Identification

Using the information gained through the analysis of your company’s present situation, the business advisor then identifies the areas and aspects that require attention based on the goals and objectives you intend to achieve. Through the identification of problem areas, a business advisor can help pinpoint issues of your business workflow that pose higher risks than others and can lead to a loss in the long run. The business advisor can also help identify factors that can be optimized for better performance, leading to cost reduction and more significant gains.

#3 – Strategizing

After the analysis and identification of all factors and aspects of your business; where you are now, where you’d like to be and how you’ll get there. A good business advisor can then design a phased strategy that can be implemented and executed in multiple steps to your business activities. This strategy is based on the objectives you have defined for the future and can encompass individual departments, your team and workflows. Most business advisors like to work in the background, they are cognisant of being less disruptive to your company’s working, and prefer to apply targeted changes to specific issues.

#4 – Implementation and Execution

Based on the strategy you have created with your business advisor, the implementation and execution phase of the process can begin. In this phase, each of the changes you have decided to implement regarding the identified issues can gradually be brought to practice across specific areas of your company. This may require additional training or restructuring at smaller scales within your company.

#5 – Evaluation

The final step of the process is to evaluate the benefits your company has achieved after implementing the strategy designed by the business advisor. This includes a review of the reduction in loss and risk and the improved revenue or gains that may have been generated as a result of the changes you have made. With this information, the business advisor can suggest further changes to be implemented or create a framework for your company’s continuous internal improvement.

Conclusion

A business advisor can help your company define the areas that require attention and changes to bring significant benefits to your business activities. For a guide on choosing the right business advisor, coach, or mentor for your company, view our blog.

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an International Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals across Australia/NZ, UK, USA, Europe and Asia to help get results, achieve their wildest dreams, and smash goals. He does this by leveraging over 30 years of experience working in the corporate world and small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there, he was awarded the prestigious Golden Apple Award.

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation across the globe, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Enroll into Darren’s online (DIY) program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

How accountable are you? Take the 5-minute quiz to find out!

Accountability is the superpower you must learn to harness:

Hope will fix your situation, as doing nothing makes things worse. We need to take action now, or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together, we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

How accountable are you? Take the 5-minute quiz to find out!

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

Book your FREE Unboxing Session with
Darren Finkelstein – The Accountability Guy®

Together we’ll examine exactly where you’re at, what’s worked and what hasn’t. We’ll take a look at your priorities to set the path moving forward.


Each Unboxing Session includes
  • 45-60 min obligation-free Zoom call to discuss your goals, promises and commitments
  • Examine your priorities
  • Review your ‘To-Do List’ and we’ll dig-in to how you will implement
  • Together, we will create a plan and set timelines

Click here to book your free session.

 

By Darren Finkelstein

Author Bio:

Darren Finkelstein is The Accountability Guy®. This entails being an Accountability Coach, Business Advisor, Mentor, Author, and Speaker.

Darren works together with high-performing teams and individuals to help get results, achieve your wildest dreams, and smash your goals. He does this by leveraging over 30 years of experience working in the corporate world, and in small businesses.

A successful business owner himself, Darren won the Australian Entrepreneur of the year award for Dent Global after building a wonderful lifestyle business, successfully sold and exited after 15 years.

Before this, Darren worked for over 10 years at Apple Inc. as ‘Manager of Commercial Markets’ during the inspirational Steve Jobs era. While there he was awarded the prestigious Golden Apple Award.

How accountable are you? Take the 5 -minute quiz to find out!

Darren’s lessons in accountability can help individuals and teams at all levels of a business or organisation, and are based on actions and results:

  • Read The Accountability Advantage – Play Your Best Game book for Darren’s most recent insights into accountability.
  • Enroll into Darren’s online (DIY) program: Accountability Made Easy.
  • Hire Darren to be your private Accountability Coach via one of his popular One-On-One Sessions where he works with you and/or your team to implement and execute plans to hit your goals. These private client sessions are conducted via Zoom video calls or face-to-face meetings (subject to Darren’s travel policy and COVID restrictions).
  • For teams of 3 – 7 people, Darren offers Group Accountability Programs, ideal for networking groups and alumni organisations.
  • My Team Accountability Program is a powerful tool for sales teams, project teams, virtual teams and operational teams.
    Both Group and Team Accountability Programs are a shared learning environment where you’ll learn from others and shared from their experiences. We can work with your team members one-on-one, in pairs, or in a configuration that suits your needs best.
  • Darren can be a Speaker at your next event, workshop, or conference. Whether it’s done face-to-face or virtually, it’s a genuinely engaging experience.

Who can The Accountability Guy® help?

  • Do you work hard, but still not achieve your goals?
  • Are you feeling so overwhelmed, it’s overwhelming?
  • Do you need directions on how to get your business to the next level?
  • Are you a high-performing, successful individual or team that would like to ‘juggle more balls in the air’?

Accountability is the superpower you must learn to harness:

Hope will not fix your situation, as doing nothing makes things worse. We need to take action now or tomorrow’s results will be the same as today.

Implementation and execution are key:

We’ll make sure you follow the plan and meet your deadlines. This is true accountability. Together we’ll meet your commitments, goals, and promises you’ve made to yourself and others.

Don’t let people down anymore – especially those important to you!

-----------------------------------------
How likely are you to achieve your goals, promises, obligations, and commitments on your own?

Darren will support you to become truly accountable!

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