Skip to main content

The importance of business advice


A company must have a risk map and a clear strategy on how to solve those problems that can happen only by the passage of time or by the growth of its operations; and one of the most important is undoubtedly a work strategy.

There are many business problems that can be prevented with good business advice, especially in a small or medium-sized company. To avoid major problems that arise in the company due to time, priorities or lack of knowledge, it is necessary for the employer (especially the small and medium-sized company) to have a human resources advisor, such as a lawyer in labor matters, a professional to legal issues, an accounting advisor who will indicate which are the strategies to follow to avoid legal, accounting or administrative problems.

business advisor

But what advice I receive?
 
Below we will share the types of advice necessary to avoid these problems and their reasons:

Accounting Advisory

Having an accounting advisor is not an obligation, but it can make your life easier and avoid major financial problems within your company, it is not necessary for the advisor to be in the company full time, you can request their services when you need it. Here are some reasons to hire accounting advice in your company: 

1. To develop your business plan

You have heard about the importance of having a good business plan, as well as the importance of having a realistic investment and financing plan. Your credibility is at stake. An accounting consultant can help you balance that point of realism that we sometimes lack when we start making projections. 

2. To establish the legal form of your business

Self-employed, Limited Company, Cooperative, Public Limited Company ... Not all businesses have the same legal structure. An accounting advisor can explain all the differences and help you choose the legal form that best suits your business idea.

3. Before your accounting control you

Even in the smallest businesses there may come a time when accounting gets big for us and there is no billing and accounting program that can do the job of an accounting consultant ...

In these cases, it is convenient to delegate part of the tasks to your manager so that he is the one who takes care of the heaviest part. And that is not incompatible with a billing program: your advisor can benefit from it to streamline work.

A professional analysis can not only help you know where you are (financial) in your business. It can also help you to know how to invest your resources, if you have enough resources to invest or if it would not be best to put your accounts in order and leave the investment for another time.

4. To deal with the Administration

An advisor will help you to have all the "paperwork" in order and how to respond to each of the Administration's requirements.

But not only that. It will also help you keep up-to-date on legislative issues that may affect your business such as tax or labor reform, as well as knowing what steps to follow when you are going to hire / fire a worker, make a purchase, expand your business or (Why not?) Sell it.

5. When you go to make important decisions

An "important decision" is a generic expression that can include many things. And so it is:

  • Apply for a bank loan or a grant;
  • Adapt to the growth of your business and all that it may imply (new employees, new machinery, new partners, new legal form);
  • Launch new products or services;
  • Buy a franchise
  • Buy another company
  • Sell your business

Ultimately, these are decisions that can change the course of your business and affect its financial structure.

An advisor will not only teach you how to make those decisions, but will make you see the "fine print" in each step: for example, if you are going to request a bank loan, an advisor can explain to you which types of interest are the most favorable for you. deal.

Comments

Popular posts from this blog

WINE LABELS: THE CHOICE OF GILDING AND PAPER

We're back to close the chapter on the wine labels with this latest article on the subject. In our last post, we discussed the different printing processes and embossing techniques available to you in order to structure your small paper surface so that it best reflects the uniqueness of your wine. Today, we are going to take a look at the gilding which has the power to give a luxurious aspect to your product and which allows to restore down to the smallest detail. The choice of paper is also important, in front of a large panel you will have to know what you want to transcribe on your  wine labels , a modern or more traditional effect. THE INCARNATE CLASS Hot stamping allows a wide variety of colors. There are many brilliant, satin or matt colors that can be tinted, gold, silver, red, green, blue, pearl or even white gilding… The choice is considerable.This technique allows a raised or flat impression  wine labels   and embellishes your dressing by giving it a shiny and luxurious

FURNITURE MOVERS: EVERYTHING YOU NEED TO DO BEFORE MOVING

The new house is the dream of many people. Several realize the dream, but face an exhaustive stage: change. It's time to box things up, but where do you start? Do not worry. We created this text to help you organize a change without any problems. Transport The first step is to choose a good transport, furniture movers   because it will be this step that will decide in what state your things will arrive in your new home. The points that need to be considered are: Costs - Do not close with the first company you contacted. Research, quote the values ​​of competitors to find a service similar in quality and at the lowest price. Insurance - See if the carrier has insurance, so you don't have to be apprehensive (a) at the time of the move. Packaging - Look for carriers to pack your things, as this saves you from the heavier services. Delivery procedures - See how the procedure proposed by the companies will be, choose the one that suits you best. Complaints - Nowadays, with the inter

HOW TO CHOOSE A COMPANY FOR MY GARAGE DOOR INSTALLATION

Surfing the internet, we have seen opinions of several people who have had their automatic garage door installed or simply an automation and have had various problems with the installation company. This happens when someone only puts the price as a condition for choosing their installation company. This has its logic, but today we all want to sell, but it should not be at any price.We are going to give you five essential conditions so that you can choose with a minimum guarantee the company that suits you best to install your door. You must opt ​​for a company that is already consolidated in the market. This is because the large brands of  doors and automation only grant exclusivity of their best products to companies that defend their image and have the necessary resources to be able to serve the end customer, since after all, their greatest publicity is that the  garage door  that they already have working in the street are installed by professionals and have a perfect operation for