When you are running a startup (or an established business), apart from the founders and their business collaborators, you are likely to find others who also influence the business and how the founders make decisions. You can call them mentors and advisors. Here are six reasons every business can benefit from a business advisor.
Business advisors can help you build your company culture
Organizational culture is an essential determinant of whether a company will succeed or fail. A good organizational culture keeps employees committed to organizational goals and motivated through ups and downs in the business. This, in turn, leads to a good business reputation and integrity.
Business advisors have great experience
A good business advisor can give you a fresh perspective on your business. This ability to see things through a new lens is important because it reveals somethings we can’t see on our own. Nothing beats experience; as a business owner, it can be your most important asset. It doesn’t mean you won’t ever fail, but it will certainly help you see the roadblocks and even get back faster if you fall.
Business advisors can help you network
Business networking is vital, and a business advisor, by being in the good books of people in high level positions, can give you a leg up and enter the inner circle of high-value contacts. You can leverage your business advisor’s network and create new business opportunities.
Business advisors can make your more decisive
As a business owner, you may sometimes hesitate to make certain decisions. It is almost like stepping on a minefield because you don’t know the consequences. A business advisor can be your sounding board, and you can run your decisions by them to see if they make sense. The ability to make quick decisions can make or break a business.
A business advisor can help you firm up your management skills
Building a business is hard work, but it’s even harder to maintain and improve it. This requires skills such as strategic thinking, planning, problem-solving, and communication. A good business advisor will already be conversant with these skills, and they can pass them on to you.
A business advisor can shorten your learning curve
A good business advisor can be critical during all stages of a business. Having a good product or service that fills a market void is excellent, but making a success out of it is another game altogether. This is where a business advisor comes in. In short, a business advisor shortens your learning curve and helps you work faster and better.
Business advisors can fulfill many roles, such as sharing their work experience, bringing credibility and a good reputation, sharing information from their business journey, advising in the formulation of strategic plans and their operation, problem resolution, motivation, goal setting, resource identification, professionalize your business culture and processes, and sharing of valuable contacts.
MSMEx is a network of serial entrepreneurs, business experts, and corporate professionals who can help you transform how your business functions. If you would like to take the help of a business advisor in your business, look up our partners. We are sure we have someone who can help your business deliver.