At the start of your business, it’ll just been you and maybe a handful of employees running the ship. But as your operations grow bigger, you’ll likely need to bring more professionals onboard. With success comes the realization that you can’t tackle every job on your own. Business partners take work off your plate so you can focus on achieving your goals.
Here are five small business partners that deserve a spot on your team.
1. Financial advisor
A financial advisor can help you make wise investments to propel your small business in the right direction. They aid in the decision-making process so entrepreneurs can avoid common financial mistakes in the early phases of starting a business. Financial advisors are equally valuable to established companies that want to take their operations to the next level. When it’s time to make big decisions, a financial advisor can offer their expertise while keeping your best interests front of mind.
2. Certified public accountant
A certified public accountant (CPA) can take care of bookkeeping for you. They’re experts in payroll, tax returns and the overall management of a company’s finances. A CPA makes a valuable addition to your team because you’ll no longer need to “crunch numbers” for your business. CPAs create room in your schedule so you can put more time and energy into growing your business rather than getting bogged down by daily operations. Plus, their expertise will ensure you’re not making costly financial mistakes!
3. Business attorney
Every small business owner needs a legal expert on their team. You will not interact with your attorney on a daily basis, but they’re a good resource to keep in your back pocket. An attorney can make sure your business complies with local tax and labor laws, especially if you’re expanding into a new state or jurisdiction. They can also stop competitors from using your trademarks, patents and intellectual property. Legal trouble can end in a hefty fine, so hiring a legal expert will save you money in the long run.
4. Industry mentor
The most successful entrepreneurs didn’t get to where they are today alone. Chances are, they had peer mentors to support them along the way. Stay open and receptive to advice from business owners with experience in your industry. They can shed light on common challenges and how to overcome them. No matter how established your brand may get, you can always learn a thing or two from someone who’s been through it all before.
5. Funding partner
As the saying goes, it takes money to make money. Money is fuel for your business, and it pays (quite literally) to have a funding partner like Tenet Financial Group support your ambitions. Need more capital to start a new business or even infuse cash into an existing business? We can help you secure a loan, obtain rollover funding, or even help with equipment funding (among other things), as your business needs it. Tenet Financial also has established lender relationships designed to assist our clients in every stage of business ownership.
Assembling the right team can help you translate that entrepreneurial spirit into a thriving business. Thankfully, you can find all the partners you need in one place. Tenet Financial Group maintains a strong network of CPAs, attorneys, financial advisors, and funding partners waiting to get matched with a promising entrepreneur. Contact us today to get a referral!