If you focus on a business owner, you can see a top to bottom perfect man. But under the cover of this disguise a business owner often makes some mistakes which we fail to anticipate. That is why every business owner needs an advisor who may help them to avoid mistakes andmake money rapidly.
We all use the term “advisor” very easily without knowing its actual meaning. Advisorship is not like mentorship, but it is much more than it. It means a relation between a business and a third party who has a specific value to add. An experienced and efficient professional will definitely help you know and reach out to the private equity investors Sydney whose funds you will need to grow to your start-up to its next level.
You need to remember certain criteria, while hiring a corporate advisor for your business.
Ways to hire the right advisor
a) When you are going to start a business certainly, you need to havea good team, because business means a team work. If you hire corporate advisors according to their specializations, then it will be beneficial for your company. You have to check their past records to find out their success rates in drawing investment for business.
b) While hiring corporate advisors it is better to sign a contract between you and the person you are hiring. In that contract you are able to express what you are expecting for the welfare of your business and what that person needs to do. Some business owners write in the contract paper narratively how many hours the advisor need to work, the frequency of meetings, phone calls and so on. If you proceed in this way, there will be less chance of misunderstanding and the advisors will perform their duties with their fullest capacity.
c) All hire a business advisor in a hope that there will be profit in future. What if the expectation of a business owner remains unfulfilled? Yes, often times it happens because of miscommunication or the problem of communication gap. After hiring corporate advisors most of the business owners think that there is no necessity of communicating with them and they communicate with them perhaps once in a year. And from there starts the problem of miscommunication. You need not to think, “Okay I have hired an advisor and I will relax now”. But you have to make a communication by asking her, “How can I better utilize you?” and listen to what your advisor answers. Sometimes advisors ask, “How can I be more helpful to you?” By exchanging feedback you can have the actual benefits of hiring an advisor.