When you run your own business there are so many areas you need to focus on and because you don’t have the resources to recruit a team of specialists for each one you tend to try and do everything yourself.
This is understandable but you run the risk of becoming a ‘Jack of all trades’ when what you really need is the help and support of an expert to cover those key areas of the business. Some business owners believe they have the capability to do everything, only to realise afterwards that they don’t and wish they had consulted an expert from the outset. Others, for whatever reason, are reluctant to seek external help and this is where they are missing an opportunity. This may sound alarming but engaging with an expert can be the difference between success and failure.
There are numerous advantages of seeking advice and support from an expert and here are ten that we’ve highlighted:
Experts improve efficiency
Because experts are specialist in specific disciplines they obviously know what they are talking about and this knowledge enables them to execute tasks quicker than those without the experience, knowledge or qualifications. Experts have spent years studying and honing their skills so you don’t have to.
Experts save you money
The money you pay an expert for their services will often outweigh the cost you spend on trying to achieve the same results yourself. This is especially true if you get an expert onboard from the beginning and don’t have to waste time and money on resolving any issues that arose from not seeking help in the first place. And they are less expensive than recruiting a specialist who will be permanently on your payroll.
Experts provide insight
With a wealth of knowledge in their chosen business discipline, experts can provide a fresh perspective on your business. Having experienced pretty much everything they can in their industry, the insight they provide can help your business adapt to market trends and stay ahead of the competition. They may suggest ideas that you never even considered.
Experts can provide stability
With valuable experience of working with businesses, experts can provide support and guidance to help stabilise your business. This is especially important in those early startup years when you find the performance of the business fluctuating between good months and bad months. This expertise gives you the confidence you need to continue and succeed.
You can choose an expert for any key business discipline
Another benefit of working with an expert is the fact you can select one that is qualified in the specific area you are lacking experience. This could be accountancy, funding, marketing and HR to name just a few.
Experts can grow your network
Experts are very well connected which is great news for you. Not only will they have a host of contacts and colleagues from the sector they work in but they will also know other experts from other industries who can help you. When you are starting a business it is difficult to grow your network and any new connections are welcome.
Experts will help you attract talent
When you have verified experts working for your business they add credibility. The positive effect of this means people want to be associated with your business and you will be able to attract the best talent to come and work for you.
Experts can help grow your customer base
People make decisions based on trust and the credibility factor can also lead to an increase in the number of customers. To earn such a great reputation can take years but experts can help expedite the process.
Experts can be with you for the whole journey
Although you might just need an expert for a one-off project, many are there to help you throughout the lifecycle of your business. You may secure an expert on a retainer or use different ones depending what stage your business is at.
Experts provide flexibility
Experts are there to help you when and where you need them. You can take advantage of this flexibility by utilising their services when you think it will have an optimal effect on your business.
An important point to remember is that you may hear people being touted as experts but it is vital that they have been verified in their chosen field. Once you have worked with an expert you’ll wonder why you waited so long to do so in the first place.
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Business Butler is an on-demand talent platform that connects users with a panel of vetted business experts who specialise in a range of disciplines including marketing, law, finance and human resources. To find your ideal expert please click here.