Introduction
Positioning yourself to attract the best advisors. Being clear about what you want and how to attract the best advisors can help you find a financial partner who’s a good fit. It will also help you keep your business on track and avoid distractions that get in the way of achieving your goals.
Understand how your business differs from other businesses.
- Know your business and your market
- Know your competitors
- Identify how you differ from them
Know what challenges you face and why.
Knowing what challenges you face is critical to attracting the right advisors. Therefore, it needs to articulate the challenges your organisation encounters and how they affect your business and its bottom line.
An excellent way to identify these issues is by conducting an internal audit of your company’s strengths and weaknesses with an outside party, such as an advisor or consultant. For example, suppose you’re looking for help improving customer retention rates but need help figuring out where to start. In that case, a third-party review could provide insight into areas where improvements could be made–like offering better value propositions or improving customer service quality–and then lay out a roadmap for moving forward based on those findings.
Be clear about what kind of advisors you want to attract.
Before attracting the right advisors, you must be clear about what kind of advisors you want. The type of advisors that will suit your business has to align with long term goals and visions of your business.
You need to attract the right advisors that will help you achieve growth in geometric terms, not a toxic presence.
Set up your financial plan to support the advisors you want in place.
When setting up your financial plan, it’s essential to consider how you want to work with advisors. This will help ensure that your project is set up for success.
Here are some tips for creating a plan that supports the advisors you want in place:
- Make sure your financial goals align with their expertise and experience. For example, an advisor doesn’t have specific experience working with clients like yours. In that case, they may not be able to provide optimal guidance or recommendations for reaching those goals–and if they do have experience working with similar clients but don’t specialise in the same industry as yours (or other industries), then there might be some gaps between what they know and what would benefit you most.
- Look at their skillset and qualifications before signing on any dotted lines! Don’t just hire someone because they seem nice; make sure they’re qualified too! Hiring someone who isn’t capable could end up costing more money than hiring someone fit because their lack of knowledge makes them less efficient at helping customers reach their financial goals since they’ll need more time explaining things instead of getting straight down into action mode like professionals do who know precisely what needs doing right away without having explained things over again which wastes valuable time when every minute counts towards achieving success sooner rather than later.”
Have a process for finding advisors.
To attract the right advisors, you need to have a process for finding them. First, you should be clear about what kind of advisors you want and how they can help you achieve your goals.
Consider being open about what kind of advisor would be a good fit for your business or organisation. Of course, this can be challenging; however, transparency about what’s essential for success can help ensure everyone involved is aligned on expectations from the outset.
Develop an in-depth understanding of each advisor’s skills, experience and expertise.
To ensure you select the right advisors for your business, you must develop an in-depth understanding of their skills, experience and expertise.
To do this:
- Ask them for references
- Request a portfolio of work they have done with other clients (if applicable)
- Request a list of clients they have worked with (if applicable)
- Request their professional qualifications and affiliations
Focus on your needs, not just what’s essential to your advisor.
First, you should know what you need before looking for advisors. If you don’t know, then ask yourself:
- What is my goal?
- What are my objectives?
- What are my priorities and constraints?
Once you have a good idea of these things, finding an advisor to help with that situation becomes more accessible. It also helps them understand why they’re working with someone like this instead of another person who needs something else entirely; often, this will mean less time wasted on projects that aren’t relevant or beneficial for either party involved. After all, nobody wants their money spent on useless endeavours!
If you’re open and clear about what you’re looking for, advisors will be attracted to working with you.
One of the best ways to attract top advisors is by being open and clear about what you need.
Advisors are attracted to people who are open and clear about their needs because they want to help them and ensure their time is well spent. Suppose an advisor needs to learn precisely what problem you’re trying to solve or how they can solve it. In that case, there’s no way for them to provide value for your business – and so it makes sense for them not only as professionals but also as human beings that care about each other: if someone comes in with a specific problem, then we should try our best at solving it!
Bottom Line
We hope this article has given you some insight into attracting the best advisors for your business. The key is to be clear about what kind of advisor and type of relationship you want, then take action by setting up your financial plan and developing a process for finding those advisors. Once that’s done, the right people will arrive at the right time!
Who am I?
I am Dotun Adeoye, a Business Growth Strategist & Author
I’ve built up my experience via serial entrepreneurship, consulting leadership roles in business growth, business development and product innovation in large companies worldwide in the last 30 years.
Today, I consult with large businesses on how to sustainably grow their businesses, sustain infinite growth, and ensure business continuity irrespective of the business climate.
Hire Dotun Adeoye to Speak Virtually or In – Person at your company’s event to cover this or other topics. You can also get in touch via +44 203 097 1718 or dotun at dotunadeoye.com
