10 Reasons Your Business Needs External Advisors

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Far too many business owners baulk at the perceived costs of engaging external advisors to assist them to improve the performance of their businesses.

In the long run, this reluctance to invest in external advice generally proves detrimental, to the profitability and sustainability, of their businesses.

As a questionable but understandable cost saving measure, many owners of established businesses tend to rely on web-based information sites or Government Small Business sites in preference to engaging external advisors.

Whilst accessing free advice from reputable online sites is a step in the right direction, the main problem with this approach is that often, the key link between the advice offered and the skills available in the relevant business to successfully apply the advice, is missing.

Sometimes, less experienced business owners, access information from sites where the business information on offer is not only of poor quality but is often wrong, and acting upon such advice, can create additional problems.

The other aspect which limits the value of free online advice is the assumptions made by the business owners or their managers, as to the actual problem that they are seeking information to help them to resolve.

It is often the case, that a symptom of a problem is being addressed, where a more complete, focussed and analytical investigation by an experienced external advisor, would establish the real underlying problem, one that must be resolved before the business can move forward.

Aligned to the perceived cost of external advisors being a barrier to greater engagement between businesses and external advisors, is a poor understanding by many businesses of the benefits that external advisors bring to any assignment, and the real return on investment that building a short term or ongoing relationship with an external advisor, can provide.

The real benefits that external advisors bring to any business which has the foresight to engage them include >>> Leer más “10 Reasons Your Business Needs External Advisors”

Launch your dream career in ‘retirement’

So while it might not be possible to completely stop work at 55 (an age when many women would like to retire, Fitzhardinge says), at least she might be able to reduce her hours at work and transition into a role that excites her. Fitzhardinge says often these roles aren’t as lucrative as the salaries women have enjoyed earlier in their career, but they provide a top-up to income into retirement, and can be merged with lifestyle as much as possible.

As part of this strategy, Fitzhardinge works with women to add skills development into their financial plan so they can begin to build the skills they will need in their new ‘passion’ career.

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For many of us dreams of retirement include visions of finally having the time to do all those things we’ve never had the time to do. But did you ever imagine your ‘retirement’ planning might include a way to finally embark on a business idea you are passionate about?

Linda Fitzhardinge is an empowerment coach at the organisation Women Building Wealth. She gives women financial advice and encourages them to take an holistic approach to their health, wealth and spirit – and says all three elements are closely inter-related.

Fitzhardinge says there are times when she has met with a client to discuss her retirement plans and the session has ended in tears because dreams do not align with financial reality.

But instead of focussing on the negatives of such a realisation, Fitzhardinge has been working with older women to draw out their ideas for earning income from ideas they are passionate about. Leer más “Launch your dream career in ‘retirement’”