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  Why Should You Consider Retaining a Business Advisor?

Two major reasons are:

1) To obtain a variety of inputs and insight from knowledgeable and trustworthy people.

2) To bring suitable expertise and influence, not available internally.

Businesses engage legal, accounting, and insurance expertise as an ordinary course of business. By retaining a Business Advisor, a Company can obtain independent assistance and honest scrutiny. A Business Advisor will help a Company increase its competency and effectiveness while becoming more proactive and less reactive to challenges. Trusted advisors and their experienced perspective can add leverage to the management of the Company.

Businesses that recognize these benefits are ready to answer questions that their competition may not. Businesses can easily fall victim to a mindset that includes the following:

1) We have been successful and can do a better job ourselves!
This opinion doesn’t allow for a fresh set of eyes to look at the business from an outside perspective. (Can’t see the forest for the trees syndrome).

2) We’re concerned about someone knowing our compensation structure and business methods!
This opinion doesn’t allow confirmation that what is currently in place is the best option.

3) We want to keep our successes to ourselves!
Today’s business climate is filled with challenges for family owned and privately held businesses. Trade secrets can be protected while making your customers and competitors aware of your success as a vital leader in your industry.

The role of an advisor is to offer assistance and resources that magnify the strengths and minimize the weaknesses and threats your business faces today!
Allen & Renninger LLC 2013