Almost every successful person (whether they are a sports person, politician, business person, performing artist, etc.) needs someone they can refer to for objective advice. This coach/mentor must be someone who can really add value to the business and whose opinion and acumen the owner respects. Most importantly this person must also hold the owner accountable to agreed actions.
This PDF has the results of a study by Business Health Pty Ltd , which shows that the impact of external advice in the Financial Planning firms. The results illustrates that a strong external adviser can deliver (amongst other benefits), a very healthy increase to the bottom line.
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