No matter what kind of business you have lawyers & solicitors are some of the main professionals to get advice from. They can not only offer advice, but help you a great deal in making sure all parts of your business are worked out correctly. Drawing up the lease is a good example; if this is not done properly it can end up being quite unsuitable for you, or cost you more money than it should.
If you don’t know what should be in a lease, don’t leave it up to the landlord to tell you. There are many clauses that can be added to protect you from things such as the rent being increased by too much in the future through to what happens if you need to sell your business before the lease is up. Don’t leave these things to chance. It is up to you as a businessperson to seek good legal advice on this and other matters.
Legal advice for a business includes, but is not limited to, such things as –
- Corporate formation
- Entity choice
- Operating agreements and corporate governance
- Contract evaluation and analysis
- Regulatory compliance
- Mergers, acquisitions and asset purchases
Another professional to advise you should be an accountant. Accountants have a good grasp of what should be spent on a business and what should not. Without an accountant on your side you could very well find that your cash flow is drying up. And if you are just starting out, the accountant can ensure you don’t spend too much on unnecessary things due to being excited about your business.
With the right legal and financial consultancy, your business should thrive, but what if there is a question or a problem that these two types of consultants do not handle? They will be able to tell you where to look for the help you need.
It might be that a business consultant is needed for help in the areas of management and marketing, two areas that many business owners are not really knowledgeable about.
Such a consultant not only helps with advice, but they should help you to develop the kind of skills you need to manage your business well and they can also point out the kind of behaviours you may not be aware of that are sabotaging your business – such as procrastination. They can help you develop time management skills and give you clarity to make good business decisions.
Once the kind of skills needed for your business are in place, it will grow better and faster, the way you envisioned when you first started up. Don’t be too proud to seek help in any areas that you are struggling in. Your business is worth it.