All Business Owners Need a Qualified Advisor

At some point, every business owner needs a kick in the pants, a trusted confidant or a shoulder to lean on—especially when the ups and downs of entrepreneurship seem insurmountable. The ability to find and maintain focus while adapting to change is no easy task, and here are a few instances in which you may want to seek some unbiased, third-party help… 

Find Focus

It can be difficult to get anywhere if you don’t know where you are going. That is true of both life and business. Some business owners are on the fast track; others take the road less traveled. The path varies for us all, but successful business owners have one thing in common… They have a strong sense of purpose. 

Even the most experienced business owners occasionally lose their way. If you feel as though you are wasting time, money or both, an experienced advisor may be able to help with the following:

  • Defining Purpose – What are your personal and professional goals?
  • Differentiating the Business – What value proposition does your business offer?
  • Measuring Success – Can you accurately measure business success and use that information to improve performance over time?

Maintain Focus to Fuel Profits

Once you know where you’re going, you have to stay on track. Efficient delivery of products and services is the only way to fuel profit, so “maintaining focus” really boils down to “streamlining processes.” A qualified advisor can help you identify distractions such as…

  • Inefficient staff
  • Insufficient resources
  • Customer influences
  • Poor management habits

Navigating Unforeseen Circumstances

Your business operates in a changing world. Focus and purpose are necessary, but so is flexibility. An experienced advisor can help you to navigate change with contingency plans for…

  • Succession
  • Retirement
  • Decreased availability of resources
  • Demand fluctuations
  • Increased competition

Contingency plans will often require special agreements and/or documentation that protects you, your family and employee interests. 

Need help realizing your business potential? The McSwain Hiott team is equipped to offer consulting services as well as ongoing support. Contact us to schedule a complimentary call.

Jennifer Morrow