Seeking a Business Partner? Consider This Option

Wednesday, January 20, 2021 at 10:03 am in
Small business owner thinking about her future

You’ve decided to start your own business but need help in certain areas before opening your doors. Or perhaps you’ve opened your shop and are seeking someone that is an expert in a certain area where you may be lacking in experience or interest.

You may be having trouble finding good candidates to hire and don’t have the time, energy, or experience to train someone to do the job. You’re considering bringing on a partner to help you. 

If this sounds familiar, we’d like you to consider the following.

If you need someone right now who is an expert in the area(s) where you need help, consider hiring a consultant. A consultant can be ready to start working on your project immediately. Finding a suitable partner takes a long time, will be a long term add to your payroll expense and a dilution of your equity position.

A consultant gets to work quickly adding value to your business, and exits when the project has been completed and you are confident taking ownership of the initiative. A partner may disagree with some of your strategic decisions and stall the growth of your company. A consultant is brought in to support you and your decisions with expert guidance as well as caveats for risky business decisions.

Nine times out of ten the better financial decision is to hire a consultant. A consultant can help design and build your business processes to be logical, efficient, and well-documented. A LOT of business needs can be met by having well planned, documented, and efficient systems. This rings true for pretty much all routine functions in any type of business and sector.

When you have well documented, tried and true, efficient business processes you can train someone to complete them exactly how you want them done, every time. In turn, it creates more time for you, the business owner, to focus on the strategic initiatives of the business, which you can’t teach to someone else.

We’ve all heard the saying ”It’s not about working harder, it’s about working smarter.” Working smarter by improving your company’s systems and processes is paramount to the health and success of your business.

We at Small Axe Consulting are experts in building and executing business systems and processes. We are ready to help now and will save you significant money and time in the long run versus adding a traditional business partner. 

We welcome you to read about our service and schedule your free consultation here.