Getting professional business advice can spell the difference between a successful and a doomed venture, both at startup and as your business grows. If you’re looking for that kind of help, there are three types of resources you can rely on.
One is seminars, books and other self-help materials that are actually quite useful and cost-effective for any rookie. There are also business coaches or long-term advisors who can help you perfect your initial business plan and provide crucial problem-solving skills as you go along. And of course, there are consultants who are usually hired for their special expertise in particular areas of a business, such as IT or marketing.
As you might surmise, these three sources of business advice are not exactly exclusive. Since they have one and the same goal, that is, to help business, they all related to one another, even as each one serves a unique purpose.
Just as it takes a whole village to raise a child, it takes a full range of outside specialists to help usher a business into the field. With a combination of these three types of businesses, you won’t only be spared from preventable mistakes at startup, but you can also gain a lot of insights to help propel your business to the top.
You can never underestimate what a good business book or self-help material can do. There’s practically a whole sea of choices out there!
Of course, online is an almost infinite source, but practice good judgment and stick to credible sources. These materials can help convey fundamental business principles and examples, and offer general business tips on a wide range of business topics, from submitting proposals to email marketing. Consult your chamber of commerce or visit your local university or library.
While self-help resources can help you in a general way,. a business coach can provide one-on-one monitoring of your business. As you’d expect, you have to pay a retainer, which often depends on the number of hours you’ll be working together, and the program that will be designed for you.
A good coach is one who has a long history behind him giving him what it takes to effectively analyze your business model, suggest improvements, pinpoint problem areas, etc. If there are issues, like poor sales, they will look into your operations and find the problem, and then provide a solution.
When choosing a coach, find someone who will be there to observe your operations personally, give training assistance and will be available anytime you need them. Of course, you’d like someone whose personality meshes well with yours. It’s hard to be productive with someone you don’t even like.