Whatever the age and size of your small business, it helps to tap into expert advice. People like accountants, business mentors, and connections with your industry can help you:
Here are common topics paired with the types of advisors who can help lighten the load.
Lean on the wide community of business advisors, consultants and support networks available to help you and your business.
Advisors can help if one or more of these apply to you:
Who can help?
Advisors can help if one or more of these apply to you:
Advisors can help fill gaps you may have in skills, time and resources. They’ll also help you build and maintain a healthy business to a size that suits you.
Tax expert John Shewan recommends businesses of all sizes seek professional advice. There are lots of benefits to working with advisors, particularly when it comes to tax, compliance and Inland Revenue.
But working with a professional advisor is a two-way road. You need to prep and put in work to make sure you’re getting the most from your advisors.
“You do that by asking them the right questions, by making sure you’re prepared and willing to be absolutely open to them,” Shewan says.
“My advice to people is spend a lot of time preparing before you go and consult with a lawyer or an accountant. Get maximum value out of the time. Make sure you put the pressure on them to deliver value to you.”
Small businesses and the self-employed shouldn’t count themselves out of large professional service networks just because of their scale. Many accounting companies offer in-depth services to small- and medium-sized businesses.
“It’s a little bit of a fallacy that the big accounting firms only look after big clients, that’s not the case,” Shewan says.