If you think you can run a successful business without any help, you are wrong. You might do a lot of the heavy lifting, but you can’t do it all alone. The question is: ‘who do you ask for help?’ There are lots of people in the industry that will make you think they are essential to your success. But, in reality, they are frauds. Your job is weed out the weak from the strong.
To do that, you are going to need to know what types of people are essential to your firm. It doesn’t matter if you are a multi-billion dollar conglomerate or an SME – the principal remains the same. Here are the people you should have on your speed dial at all times.
Accountant
Money is going to make you rich – nothing else. From time to time, your money can start to slip away as if it is being pulled magnetically. The layman (yourself) has no idea why or how this is happening, but a professional knows the score. And, that is what an accountant is – a professional. They deal with money on a daily basis and know how it operates. They know where the money is going, why and how to stop it in its tracks. Regardless of your size, you can’t afford to waste money. With an accountant, you don’t have to because they will account for every penny.
Lawyer
Unless you have a law degree no one knows about, a lawyer is essential to your firm. Quite simply, lawyers are the people that keep you out of trouble. When a rival competitor sues you, they draw up your defense. And, when you are in a dispute with an employee, they mediate and find a compromise. Don’t think that these scenarios don’t happen because they are a cliché in the business world. And, when they do, you need an expert by your side. Legal problems can occur out of nowhere and without provocation, so they need to be high on your list. Don’t forget that law is complex and hard to understand. At the least, they should guide you through the process and out to the other side.
Credit Repair Expert
Every business goes through a bad patch. Most of the time, these patches are hard to avoid and don’t leave too much damage. But, on occasion, they leave a wake of destruction in their path. Take your credit score as an example. If you are struggling with your cash flow, you will pay your bills late. As a result, your score will decrease and you will struggle to secure more finance. Obviously, that isn’t good for the business because loans are essential to your survival. If you prefer, a company like Lexington Law can take care of this problem. Credit repair companies will boost your rating in a moment’s notice so that you always have the option to apply for more.
The Money Person
Every business has a generous person behind the scenes pulling the strings with their money. And, they usually aren’t the people in charge. These people like to leave the company in the hands of someone they trust and watch the money roll through the door. If that is the case with you, that person should be on the phone regularly. Businesses need money all the time, and they are the people with the money. When you are struggling, it is always best to turn to this person first so that you don’t put your company at risk. The worst they can say is no, and then you can flesh out your other options.
The Banks
Okay, they said no. It is no big deal because there is another option – the banks. Banks have a huge supply of cash, and they are willing to lend it to the right person. To be that person, you need to hit the relevant criteria. For starters, you need to show them that you are a reputable lender. That means you need a decent credit rating and no bankruptcies. Then, you need to flatter them so that they feel as if you are friends. The thing about the banking sector is that they deal with their friends because they are cliquey. Finally, keep in contact so that you don’t seem out of place when you ask for a favor like a short-term loan with low interest.
Union
Employees have unions that look to ensure they are treated properly. It might come as a surprise, but some employers take their staff for a ride. You are different because you understand nothing good comes from disgruntled employees. That is why you are in constant contact with the relevant unions. Some businesses even have union offices in their building to make liaising easier. That way, you can react to new changes that come into play and avoid any legal action. If you speak to them regularly, you will know about it first and can get in on the ground floor. Plus, a positive relationship is a good thing for disputes. If they know you are a fair employer, they won’t play hardball. When unions dig their feet in, they can make life impossible. And, that is the last thing your business needs.
Mentor
Does this one sound a bit corny? Well, it doesn’t matter because it is true. Everyone on the planet has a person that they look up to. The business sector is no different. You will know someone that you turn to when you need help. And, they should be the first number on your speed dial. As the boss, there are plenty of hard times ahead. To get through them, you need to ask someone else for their help and advice. That person(s) can be anyone as long as they are someone you trust. Whether they are a mentor or a friend, they are essential to your job role.
Never be scared to admit that you need help. You are only human, and humans need help every so often.
