Your competitors have advisers – you should too
Key points in this article
- Advisers can help you avoid bad decisions and guide you to success
- Networking is investing in the future of your business
- Schedule regular meetings with your network to monitor if goals are being reached
A successful business needs support to increase its chances of doing well. Find experienced allies you can trust to help you guide your business to greater success.
Why advisers are so important
Making big business decisions on your own can be stressful. With the right group of advisers to call on, you can take full advantage of their objectivity and expertise when you need it most.
Areas such as finance, tax laws, employing staff, and purchasing all need professional advice at some point. When you’re faced with difficult decisions, seek the opinions of experts in the field.
Know when to ask for advice, and have the right advisers in place to ensure you:
- have greater success when seeking finance
- avoid pitfalls – the right advice may prevent your business from making bad decisions
- get a realistic and objective viewpoint on your business’s aspirations.
No business person jumps into the deep end without advice – find the right advisers for you and make the most of them
Networking can feel like a lot of talk with little action, but think of it as an investment in the future of your business.
Don’t be afraid to call a potential adviser for a chat or to invite them out for a coffee. These people don’t necessarily need to be professional advisers but could also be the owners of successful businesses. You’ll be surprised how much help you can get by asking.
Attend events and exhibitions
Look for relevant events and exhibitions in your area, and don’t forget your business cards.
Expand your online network
At ANZ, we can help you connect with other business owners who are willing to share their experiences. Join our LinkedIn group to start building connections.
Ask your business associates to introduce you to the advisers they rate. When you meet, be clear about what you want to know. Note some questions you want answered and try to discuss them.
Networking is a crucial tool you can harness to help grow your business
Make full use of your support network
Are the changes you’ve implemented having the desired effect? Schedule regular meetings so you can discuss how your business is doing and any new ideas.
Offer your help – you’re an expert too
Your adviser is an expert in their field, and so too are you – offer your advice about your own area of business. This can enhance your reputation and you may get some referral business.
Keep your advisers informed
While regular meetings are an organised way to keep your advisers in the loop, use emails or calls too. Advisers can only work with the material they have in front of them, so keep them posted.
Like any investment you’ll want to evaluate how well your advisers’ expertise has contributed to meeting your objectives and goals. Take into account their recommendations as you progress, and whether you need to adjust your objectives to achieve your goals.